Hurry up and get a Swiss loan over 3500 USD.

Anyone applying for a loan in Germany must meet strict requirements. Three approval criteria are the signal for a loan. This is where income is put to the test, which should be above the garnishment exemption limit. The Credit Bureau must not be burdened and the permanent position should have existed for at least one year and should not be limited.

If the customer can meet these conditions, the loan is approved. If you now have a good income and a permanent job but have negative entries in your Credit Bureau, you will hardly get a loan from a Cream bank, the way out is the Swiss loan of 3500 USD.

Information about the Swiss loan of 3500 USD

Information about the Swiss loan of 3500 USD

For many loan seekers, the possibility of being able to take out a Swiss loan of USD 3500 without having to pay Credit Bureau is like winning the lottery. If you have negative entries in your Credit Bureau, you not only get no credit, you also have to expect restrictions when looking for your dream apartment. Sign a new cell phone contract? With a negative Credit Bureau almost impossible.

A negative Credit Bureau entry creates restrictions in the entire financial business. A loan is not always taken out to fulfill the wish. Often there are urgent bills, the rent is pending or an urgent purchase has to be made. An upcoming car repair often has to be paid quickly and in cash. For many, the car is indispensable because it is the only way to get to work.

If you think that the customer can take the bus, they probably don’t know what the traffic connections are like outside the big cities. It is also often not possible to change apartments close to work, as rents in urban areas are hardly affordable for a normal earner.

If someone “only” needs 3500 USD, that shouldn’t be a big deal for a customer with normal creditworthiness. Many have access to the overdraft facility that banks provide to customers who have regular income. In many cases, however, the overdraft facility ends in an installment loan. Especially when the overdraft facility is only used without a small amount remaining, the overdraft facility adds up automatically, only on the basis of the overdraft interest that is in the two-digit range.

At the latest when the incoming salary no longer covers the overdraft facility, it is time for an installment loan, which the house bank refuses because the Credit Bureau shows negative entries. A cycle from which the customer comes with a Swiss loan of over 3500 USD. This form of credit does not require a Credit Bureau query because this institution is not known there. But the banks from abroad check other credit agencies to find out the creditworthiness of the customer.

On the one hand there is the ZEK – the central office for credit information, where all the loans approved in this country are noted. If a loan seeker comes up with the idea of ​​applying for the 3500 USDo loan twice because the amount of the loan seems too small for him, it will not go through. With the ZEK, the bank will see this process and may refuse the loan.

Foreign banks also inspect the public debt register. The serious negative entries of Credit Bureau are entered there. If a customer has a seizure, an oath of disclosure or an enforcement notice is pending, a Swiss loan of USD 3500 will not be approved.

The Credit Bureau-free Swiss loan over 3500 USD

The Credit Bureau-free Swiss loan over 3500 USD

The customer can find the Credit Bureau-free loans on the Internet and in the media. However, many customers will only find credit brokerages there that advertise foreign loans without Credit Bureau and domestic loans despite a bad Credit Bureau. The offers are very difficult to see and compare.

A daunting factor for many customers is the fact that there are many dubious credit brokers among the credit agencies. For example, if you want to pay upfront costs before a loan application is made, the customer should not hire this broker. In addition to the loan costs, there are also brokerage commissions.

Anyone who is already on the edge of the mountain of debt naturally wants to save costs. Anyone who contacts a reputable credit broker will only receive his success commission after the loan approval. A reputable credit broker has been in the financial market for many years, does not require any upfront costs and does not require the signing of dubious insurance contracts.

If you want a Swiss loan of over 3500 USD, you must have a sufficiently high income that is above the garnishment-free limit. In addition, and this is important, there must be a permanent job, which is not limited and does not include a trial period, the employment contract must exist for at least one year.

As mentioned before, there should be no serious negative entries in the Credit Bureau. Even if the advertising promises otherwise. Most of these advertisements are fictitious or come from dubious sources. Those who believe this advertising end up paying costs but have not received any credit.

The Swiss loan of 3500 USD has an interest rate of 11.62%, depending on the credit rating, even higher. The APR brings processing costs of 164 USD and the interest for the term. If the loan is paid normally and within the fixed terms of 40 months, the total interest cost is 574 USD.

For the 3500 USDo loan a total of 4238 USD will be repaid at a rate of 105.00 USD. Additional costs that are not included in the effective interest rate could still arise from external costs such as loan brokerage, cash payment or any certification costs.

Credit brokerage yes or no?

Credit brokerage yes or no?

When it comes to third-party fees, the credit broker pays most of the costs. The average guideline is around 3% of the loan amount, so that the Swiss loan has around 100 USD in fees. The customer must know whether someone is requesting a loan brokerage or would rather submit a loan application directly to the bank.

Especially when the customer submits the loan application directly to the bank, one or the other documents that lengthen the credit process can be missing. Anyone who engages a credit intermediary can assume that this will not happen, since all documents to be provided are recorded in advance.

It is also possible to get not only a Swiss loan with a credit intermediary, but also a loan despite Credit Bureau, which would possibly bring different loan offers. Thus the commission of the mediation would be justified.

 

Municipal employees: transfer of the fifth or agreed loans?

The municipal companies are generally private companies (but without an independent legal personality), which carry out their activities in a specific area on behalf of the municipality. In most cases there is talk of an economic body governed by public law which he hoped carries out an entrepreneurial activity.

This very particular condition often creates problems of interpretation on what the rights of employees of municipalized companies are and therefore also on the types of loans they can obtain.

Is the transfer of the fifth possible?

Is the transfer of the fifth possible?

When dealing with employees, both in the private and public sector, the possibility of accessing the assignment of a fifth of the salary is associated almost immediately. From this point of view, the employees of the municipalized companies are equalized in the same way as state, para-state and public employees. So if the duration of the contract with the company has the minimum conditions necessary to obtain the transfer, at least in theory there should be no problems.

Unfortunately, the conditional is a must, given that on balance many banks and financial institutions establish in a very specific way those subjects that can be considered financeable, also by virtue of the companies for which they work. Rome unfortunately is a fairly explanatory example of the difficulties that can be encountered due to the poor solidity of the company itself for which we work.

If in fact when you are a public employee of a ministry (or in general of a public administration) the aspect of financeability does not come into play, since the aspect of the “solidity” of the employer is not questioned, in front of the municipalized companies the situation changes.

Therefore, by summarizing the employees of the municipal offices of a given municipality, they will be able to be refused their request for the transfer of a fifth of the salary, simply because the company for which they work shows evident signs, or even only hints, of a condition of suffering.

Minimum requirements

Minimum requirements

Despite the fact that municipal companies have a “only 40%” participation by the state, bodies, etc., the same conditions are also applied for the possession of the minimum requirements, mostly applied to public employees who work for the public administration. In particular, seniority must be at least 3 months from the date of hiring.

Characteristics and conditions of the contracts

Characteristics and conditions of the contracts

The duration is imposed by law, therefore it ranges from a minimum of 24 to a maximum of 120 installments. For renewals, the limits imposed by law always apply, which also establishes those relating to the maximum age of the applicant. Whether for men or women, employees cannot exceed 70 years of age at the end of the contract. If you need more liquidity you can go up to 40% of the net salary (double fifth) by applying for a loan with a delegation of payment.

Personal loans: creditworthiness and model contract

Personal loans: creditworthiness and model contract

If you want to apply for any personal loan that is not a transfer of the fifth, or even in the case of a request for a loan aimed at the purchase of a certain asset (see Purchase car at zero rate), if you are a good payer ( with positive creditworthiness) and there is a contract with a good salary and a sufficient duration (for fixed-term ones) there are no obstacles that can limit access to credit.

With regard to the subsidized rates, it will be necessary to search among the conventions that normally municipal companies directly, or by intervention of the municipalities, usually enter into. These are normally extended to all those who fall within the “relationship dependency” radius, albeit quite widely.

Subsidized loans: how to do it?

Subsidized loans: how to do it?

Civil servants have a long history of benefits linked to various types of services, and among these, funding has always enjoyed a prominent condition. It is no coincidence that the assignment of the fifth was born for civil servants and private employees had to wait until 2010 for it to be extended to them (see also Transfer of the fifth private employee).

Despite this extension, better conditions are still available to civil servants, with higher amounts that can be requested and lower rates. To this type of advantage is added that of the Social Institute ex Government Agency loans, which however remain accessible only for those civil servants who have matured the requirements of seniority and contribution to the fund for credit and social benefits.

On the other hand, however, excellent “local” conditions can be obtained if you are an employee of the municipalized companies, thanks to the agreements that the banks that work in the area tend to stipulate. Here the only problem could be represented by the non-renewal of an agreement, which constitutes a limit only for those who must start a financing practice but not for those who already have the contract in their pocket and the money in their current account.

So before you start looking around you should see what is expected, between agreements and conventions, for that municipality or municipalized company. Only in the second instance should we look at what is offered to “public” employees and to which credit institutions provide this type of service also at national level.

In order to know in more detail the advantages connected to the loans advertised as “subsidized”, the thing to always do is to request a quote, both as an employee of the municipalized company that takes advantage of a certain agreement that would seem advantageous, and as an employee. which does not benefit from any facilities like any other potential funded. From a simple comparison, numbers in hand, it will be extremely easy to be able to determine the type and concreteness of the advantages they would have.

However, it is also recommended to search among online loans, proceeding with simple and quick requests for quotes on the web, many of which are communicated with immediate results. This allows you to immediately have a complete overview and also a reserve plan in the event that the bank or financial company “affiliated” should refuse the transfer request, given that when the number of employees financed is very high, it will be difficult to accept other subjects from finance. The solution is so very simple: either you act promptly or you look elsewhere.

How to Quickly and Easily Compare Two or More Loan Deals?

 

When we want to finance a project, although our head is more concerned with the project than with financing, it is important to know what we are hiring. In order to get the best offers and hire them responsibly, it is important to compare at least three financing offers. In this way we will be able to know the conditions that each entity offers us and choose the one that best suits us. In order to carry out an effective loan comparison, we must take into account the following parameters:

Factors to consider when comparing credits

Factors to consider when comparing credits

There are many factors that influence the price of a loan, therefore, there are many factors that we must take into account in order to compare effectively. The most important, among others, and those that will most affect the total cost of financing are the following:

  • TIN: the interest on the credit, which tells us the price we will pay the bank for lending us the money. However, it will not always be the only thing that we will pay in a credit.
  • Formalization fees: study and opening fees, the cost of which is between 1% and 3% of the requested money and which must be paid together with the first refund fee. These commissions will make the cost be between 100 and 300 dollars more for every 10,000 dollars.
  • Links: one of the expenses that are least taken into account, but which are of vital importance, are the costs associated with the linked products. If we are required to take out insurance, a credit card or a payroll account, these will have annual costs that we must include in the calculation of the total.
  • APR: finally, and not least, it is vital to look at APR. This percentage includes both the interest (TIN) of the loan, as well as other associated costs such as commissions and certain links. The average APR for consumer loans is 7.56%. Any loan with a lower APR will be considered a good offer.

All this information must appear clearly in the contract or in the personalized offer that the entity gives us in accordance with Law 16/2011, of June 24, on consumer credit contracts. If not, it is best to require the bank to provide it to us.

For easy comparison, better calculate each case

For easy comparison, better calculate each case

Although taking into account all the factors mentioned above is a good way to start comparing offers and know where to go, it is not the best way to compare between several personal loans.

The best way to compare between two or more financing offers is by simulating the loan that we want to contract. This is because the costs, fees and total vary according to the term and the amount that we request, how we negotiate or the purpose for which we want the money. What’s more, many entities directly include a loan simulator so that all this data can be taken into account at the same time.

The total cost of credit will be the fastest, most objective and most effective way of comparing the offer of credit that will be the cheapest.

The alternative to the finalized loan.

Getting a loan without a paycheck can be easier than you think, especially if you need small amounts to meet specific needs. Credit card financing can be obtained quite easily to purchase goods or services and to obtain liquidity.

There are two loan formulas by credit card: the classic balance credit card and the revolving card. Let’s see them together in detail.

Credit card balance: how it works and how to get it

Credit card balance: how it works and how to get it

This is the classic credit card, the so-called “balance card”; generally linked to a current account on which salaries, pensions or any other income are regularly credited in order to guarantee a sufficient deposit of money that can cover the credit limit granted.

The credit card on balance is in fact a sort of very short-term credit (max 45 days) because the sum of all purchases made during the month is usually charged on the 15th of the following month, without additional costs. We can therefore speak of a credit card loan. Obviously, the purchased goods are delivered immediately.

The revolving credit card

The revolving credit card

The revolving card represents a real form of credit card financing since it grants a financial availability even in the absence of capital deposited on the current account, with repayment in installments. If the card is used for shopping, the amount available decreases and the amount to be returned is paid in installments for the period agreed at the time of signing the contract.

The money returned through the monthly installments therefore replenishes the financed capital that can be reused. The main difference between a personal loan and a revolving credit card lies precisely in the fact that the amount is not disbursed all at once and that once reinstated it can be reused, and there is no need to make a loan request to every use.

Obviously, the facilitation of being able to pay in installments the sum that is lent also involves the payment of interest, usually very high, with a total of overall costs decidedly higher than those applied to other forms of financing. It is advisable to carefully consult the information sheets and view the final APR, in order to avoid nasty surprises.

It should also be added that failure to pay the due installments entails reporting as a “bad payer” in the various risk centers.

Loaning with revolving credit cards is therefore useful when you have to face sudden expenses to be repaid over short periods; numerous are the products offered by the various banks and financial companies, such as the Agree Bank Active Card in agreement with Euronics which relies on the Visa circuit or the Fine Bank Card which, on the other hand, uses the Mastercard circuit.