Author: Dennise Lewis
For those who do not know how the Payday loan works, it is a credit modality where retirees and pensioners borrow money from a financial institution without needing a guarantor and applying low-interest rates.
If you need extra money to pay an account or make purchases, the Payday loan can be your best way out.
Choose your internet payday advance now
The payday loan application at https://www.onepayday.com/ is done in the same way as the conventional personal loan. The beneficiary contacts the bank and makes the request, either through the website, the agency, or the call center.
What distinguishes consigned loans from ordinary loans is mainly their form of payment. In the case of Payday, the value of the installments is automatically deducted every month from the benefit of the borrower.
For this discount to occur correctly, the policyholder must have a proven fixed income. Therefore, the benefit is exclusive to retirees and pensioners, federal, state and municipal civil servants.
All the operations carried out by banks imply interest rate applications, which in some cases are exorbitant. Conventional personal loans, for example, amount to as much as 20% a month.
The Payday loan interest rates, on the other hand, are one of the lowest in the market, varying around 3% per month. This is due to the security that banks have about the effectiveness of payments. That is, the greater the certainty of payment, the lower the interest rates charged by the bank.
The Central Bank has restrictions on Payday, established as a security measure of the credit institution and financial health of the borrower. According to him, the value of the portion of the loan should not exceed 35% of the beneficiary’s income (30% is allocated to the Payday loan and 5% to the consigned card). This limit is called the assigned margin.
This ensures that the borrower is able to pay off the payments, without risking becoming indebted. You can request up to 9 loan lines in different banks, as long as the value of the installments does not exceed the margin limit.
Financial institutions are more flexible about paycheck lending. The borrower can split the payment into as many times as necessary, within the stipulated limit. There are up to 72 installments for retirees and pensioners of the INSS and up to 96 for public servants. However, the parcel boundary may vary from bank to bank.
The payment is debited from your benefit every month by the lender. Therefore, the default rates of this type of credit are always low.
Advantages of Payday Loan
In addition to being one of the cheapest credit lines on the market, the Payday loan has other advantages.
Summer is coming and with it the holidays. Do you already have your destiny? A mini-credit and a search on time can guarantee you the vacation of your dreams. We tell you how!
Get liquidity to enjoy the vacation of your dreams
Most Spaniards enjoy our vacation in summer. And the cheapest way to do it is to catch an offer on time. However, we do not always have the liquidity to pay for the vacations we want. Is this your case?
If so, you should not worry. Extra pay is just around the corner, and you can anticipate it thanks to a mini credit. In this way, you will be able to book the best vacations without compromising your monthly budget.
The mini-credit is a form of alternative financing that is gaining popularity thanks to its easy processing, the speed of concession and the conditions of return, which are getting better. Do you want to know how to find a small loan at a good price?
The best thing is to consult a comparator. Companies like Astro Finance are dedicated to tracking different products to guarantee the best market conditions.
Search for the best deals in advance
If you want to travel abroad, you should consult a price comparator. Kayak and EDreams are two of the best options. You can search for flights from any airport to any destination.
If you are more from local destinations, you can use Ryanair. Although it is more annoying than other companies, domestic flights to Europe and Morocco can cost less than 50 euros round trip. Less than a bus!
Many of these companies have car rental and accommodation search services. So you can plan your entire trip from your website.
In case you want to look for more, we recommend using other comparators like Trivago, Home To Go, Tripadvisor or AirBnB. In these pages you can find all types of accommodation at more than competitive prices.
Take a look at these comparators and you can plan a good vacation at the best price. Also, if you need to budget how much money the trip will cost you, in addition to travel and accommodation, you can consult travel blogs such as Travel Guides, Japonismo or Street Travelers.
We are sure that with these recommendations you will have no problem designing the vacation of your dreams. One last key: how can you get the best prices? The answer is taking advantage of the last minute offers. And if you do not have liquidity, you can request a mini-credit.
How to return your small credit
Mini-credits usually have a short return period. That is why it is important that you check their conditions and only hire them if you know that you will be able to return them. Although the remunerative interests of these products are becoming more reasonable (free, sometimes), the interests of delay are usually high.
Many entities offer the possibility of requesting extensions of the return period. So this may be an ideal solution if you’re not sure you’re going to have liquidity on the due date.
In any case, with the extraordinary pay just around the corner, this is an ideal time to ask for a small loan and book the vacations you are dreaming of. Take advantage of the last minute offers and check the links that we have provided you to travel wherever you want for very little money.
In the same way that the comparators of which we have spoken to you will help you to find offers for your vacations, our page will provide you with the best offers to obtain a microcredit in conditions that adapt to your needs. Visit us and enjoy the vacation you deserve!
Christmas is the time of year, along with the August holidays, where more money needs are for private individuals. That is why it is essential to be proactive and know how to get money for Christmas and be able to celebrate the Christmas holidays as we deserve. For this, many times you have to resort to quick credit, such as the line and credit card of El Corte Inglés.
First of all, given that the prices in gifts and food go up during the Christmas season, it is essential to have the necessary money. Especially to take advantage of the offers and discounts that can appear at Christmas. Many stores have their biggest sales in the Christmas campaign so they sometimes resort to important offers and discounts. That’s why sometimes we have to resort to personal loans to be able to face Christmas shopping.
Sometimes the person who says I need money for Christmas, refers to the post-Christmas purchases in which the discounts are very high. And so you can buy clothing and other types of gifts with discounts greater than 70%. Thus, by postponing Christmas purchases you can obtain significant savings of money, especially for those things that are not necessary to spend Christmas, as in the case of food. And for this you do not need more than to request mini fast credits of 500 euros or less than 300 euros. With that amount of money you will be able to face those purchases after Christmas.
How much can I get with money loans for Christmas?
There are many credit companies with which you can get money for Christmas, the maximum amount to get with the first loan will depend on the entity as well as your financial history. Remember that to ask for a loan with asnef you have to pay a higher interest. But that does not mean that you can not get financing by being on delinquent lists like ASNEF or RAI. Except for banks, there are many credit companies that can give you quick mini loans from 50 euros to 500 euros. Although according to the entity can not be requested in the first loan more than 250 euros. Now if you need money for Christmas of more than 1000 euros or 1500 euros, it is best to resort to banks and for example apply for the personal loan Estrella de La Caixa or express loan db Deutsche Bank. But you can also request a personal loan from fast credit entities such as Ok Money, Dineo, Qué Bueno, Vivus, Cofidis, etc.
How long will it take to receive the loan of money?
Undoubtedly that is the key question, because surely you are going to need fast money for Christmas and the best option, even if you are going to ask for credit with asnef and without endorsement, is to resort to the mini credits. Because they are the fastest way to get money up to 300 euros or even up to 500 euros. The great advantage of this type of financing is that being very small amounts of money give you quick credit without paperwork or waiting. With a few data and through a comparator or online form on the website of the credit institution you can get your money for Christmas in less than 10 minutes. So mini loans are a perfect financial solution if you need money in less than 24 hours. The requirements to apply for a micro credit are usually the following:
- Be of age.
- Be a resident in Spain.
- Provide the DNI or NIE number.
- Indicate if we have debts or unpaid debts in asnef or other delinquent lists.
- Indicate what our occupation is: unemployed, retired, worker, self-employed, etc.
With the above information the credit institution conducts a study and in a few minutes we will have an answer. If you grant us the loan to have money at Christmas, then the quickness of the credit will depend on whether we have an account in one of the banks with which the company that has granted us the micro credit works. Because this way the transfer of money will be immediate since it is the same bank or cashier. In addition to the entity the quick money will be more if we request the urgent credit during working hours, that is before 18:00 hours and from Monday to Thursday, as long as they are not national holidays. Another option to get money for Christmas with mini fast loans online, is to ask for money from a credit company with which we have worked. If we have not paid the previous debt, requesting a personal loan will be a much quicker and easier process since we already have our data as well as a customer record.
Convenient and comfortable loan for pensioners
Retirees, today as today, often want to resort to simple and comfortable loans for figures that are not too high, in order to meet the needs of everyday life. Payday loans for pensioners can also be very convenient: here we take the opportunity to illustrate YoBank’s loans for pensioners, which are often very convenient and comfortable .
Surely the most widespread structure of loans to pensioners is the sale of the fifth, an easy tool to obtain – just show up in the bank with the identity document and the pension slip, and then the request will be evaluated -. However, it must be borne in mind that the majority of loans for pensioners also require the obligatory stipulation of a life insurance policy in the Case of Death, and that as regards the salary assignment, the monthly payment cannot exceed 20% of the net pension.
The YoBank pensioner loans are certainly very comfortable and designed for customers and also for those who are not customers of the bank. PerTe is a personal loan for Social Institute pensioners prepared by YoBank. Thanks to it it is possible to get small amounts (minimum 3,600 euros) and up to a maximum of 75,000 euros.
The sale of the fifth Perte of YoBank is repayable from a minimum of 24 months up to a maximum of 120 months.
Furthermore there are also fundamental requirements to be respected:
- maximum age of 83 at the request
- maximum age of 85 at the end of the loan
- not having other transfers of the fifth in progress
The YoBank bank therefore offers a solution that, unlike that of other banks, grants access to the loan up to the maximum age at the end of the 85-year payday loan, much higher than the average (80 years). This is undoubtedly a great advantage.
The amount is always subject to the monthly payment and therefore to the total of the pension, as we know the installment cannot exceed 20% of the total net sum of the pension.
Furthermore, as always, the repayment of the installment takes place by the institution that pays the pension directly to the YoBank bank.
The times for obtaining the payday loan from YoBank are relatively short , and the credit is direct to the current account.
It should also be noted that the YoBank bank charges a penalty of 1% on the capital repaid before the term, if more than a year, while for repayment periods of less than one year the penalty is 0.5%.
When you are a student one of the best experiences is the end of studies trip. No matter the destination, if it’s a cruise, or if you travel by plane for the first time.
The important thing is to live a unique experience with your classmates. And for that it is not necessary to have to go to the University, you can enjoy your trip of end is studies in the School or the Institute.
But once the best offer has been obtained by hiring a low cost trip for groups, the only bad thing about the study trip is always the same: how to finance the trip.
How to finance your study trip without having to sell anything
And to achieve it the best thing is to resort to creative solutions, apart from the typical financial solutions of selling lottery or shirts. So from Credtext we want to give you some tips to finance study trips:
- Organize a party to get money for your trip: so all your classmates can participate to finance the study trip. Some may sell tickets for the party, others be waiters, porters, etc. To organize your party you can use the facilities of the College, Institute, or University. Although the best option, to have everything you need to serve a drink, is usually to collaborate with a local bar or disco pub. That way you will not have to rent things like speakers or hire a DJ. Keep in mind that organizing a party is not easy and also if assistance is scarce, then you may end up losing money. So to guarantee the success of the event you can organize a themed party to finance your trip.
- Sell promotional items: because today there are hundreds of online stores that you can use as providers to get money for your study trip. The only thing you have to do well with your classmates numbers: what is the minimum order of items, what is the profit margin, and how many units must be sold to finance the end of studies trip. Keep in mind that selling promotional items assumes a high risk if you have to buy the items in advance. Because if you do not sell enough, you can even lose money.
- Request a loan for travel, as long as you are of legal age and for cases in which you lack money for your study trip. Keep in mind that to get a loan you have to ask for it individually because it can not be done on behalf of the group of class students. A loan or a mini credit is a good solution when you lack some money to pay for your end of studies trip, or when you want to have more money to spend on your trip. A mini loan allows you to get amounts of money up to 500 euros, although the most common amounts are usually between 150 euros and 300 euros. For what they are an aid to pay the part that you lack of your trip of end of studies. The only thing you have to keep in mind is that if you are a student it may be more difficult to get a loan, and that the repayment period of the mini loans is usually a maximum of 30 days.
There are many advantages that fast loans with FCI have offered their applicants over the years. This solution has been quite innovative within the financial sector. Next, we will explain what this type of loans consist of, how you can apply for them and what is FCI.
What is FCI?
The acronym FCI refers to the Financial Credit Institutions. It is a company that, among its tasks, has to register a list with personal data of people who have generated a debt throughout their life with a company or bank.
This is the largest Spanish registry that exists in this regard. There is no minimum amount necessary to be in it. On many occasions, the amount of money claimed is much smaller than estimated; This is because, sometimes, if the client considers it unfair, he may not pay it, getting his name to remain on the FCI list for the time being.
Leave the FCI lists
The presence in this type of lists of defaults can reach up to 6 years. Meanwhile, the person who is in FCI can not apply for bank loans, access a mobile phone contract, finance household appliances or access any other source of financing, whatever its nature.
To get out of this list what you have to do is pay the debt.
Quick Credits with FCI
Now, because there are many circumstances that can lead you to the list of FCI or RAI (another registry of popular defaults in Spain), entities related to the economy that work online have developed a series of credits and loans for people who are in this situation and need to request one.
Maybe you do not know, but if you are on a list of defaulters, no bank will grant you a loan, no matter how small it may be. That is why these services have proliferated in recent years.
The financial crisis that took place in Spain has forced banks to tighten the conditions for obtaining credit to protect their interests. Currently, if you want to request a service like this through an organization of this type you must not only not be in FCI, but have a payroll and a guarantor.
With fast online credits, in most cases, this does not happen in the same way.
How to know if you are in FCI?
The different companies that can transfer your data to this association, by law are obliged to keep you informed at all times, and when 30 calendar days pass after the last payment notice will be responsible for moving your data to be included in the record.
Many people are unaware of this fact and may want to be interested in knowing whether or not they are in the registry before those 30 days are completed. At the end of the day, you may end up with a debt that you do not remember due to a change of address or mobile phone that has prevented you from keeping up to date with the notices.
The main reason does not really matter, what is advisable is that you do your best to know if you figure or not in this record. In order to do so, you have several options: email, contact phone or approaching you personally.
You are in FCI and you need money
From Astro Finance we offer the possibility to our customers to access loans quickly and easily through our platform. We are not going to ask the reasons for your entry in the FCI lists, nor are we going to demand a payroll to access this service.
We want our client to be able to cover their expenses in the best way possible and we will do everything in our power to do so.
Characteristics of these loans
These credits can be used to obtain up to 800 euros that will be deposited in your bank account in a matter of hours. In case you do not have a clear agreement with your main bank, this process could be extended up to 48 hours, but no longer.
From the beginning you will know the interest to be paid and what are the repayment terms that you have, which vary between 1 week and 6 weeks. These are very short deadlines because we do not want the client to be forced to pay a higher interest rate, given that the amount of money requested is not excessive.
We want you to be informed at all times of the entire process in order to be able to decide freely and without pressure.
Advantages of applying for an online credit
The power to perform this type of procedures through your computer has many associated advantages, mainly related to peace and comfort.
Think you will not have to make large queues, or fill out several forms. You only have to provide your personal data once and without any haste.
In addition, being able to do it from your home offers you the possibility of thinking quietly, talking to a second person. In short, take your time to understand the whole process and know what you really want, without any external pressure that may arise from being in a bank with a line of people behind, or having to respond to a worker with security.
Other advantages of this credit
As we have already mentioned, the requirements to apply for this type of credit are minimal. You do not need a guarantor or a payroll, you simply have to prove that you have regular income but it does not have to be derived from a current employment contract.
Simplicity, without bureaucratic procedures, without extra or hidden expenses, a quick loan with FCI brings many positive aspects to improve the client’s conditions.
Why can these credits be requested?
Apply for a loan being in FCI can have several purposes, the first of them, curiously, could be to pay the accumulated debt and leave the registry of this entity allowing you an improvement in your quality of life in relation to hiring services, to apply for other loans more forward, etc.
Moreover, many times this aspect is not taken into account and from here we believe that it is very important to shuffle and solve this situation; in the future you will appreciate it.
In other occasions, its use can be derived to the home and personal space. Many times it is necessary to make an investment to improve some of the rooms of the house or change the furniture. When you do not have enough money you are lengthening this process; This could lead to major problems that could affect comfort and even health.
Another reason why a credit of this type could be used is to pay the expenses caused by an accident. These occur and are unpredictable; It is convenient to integrate them into the day-to-day planning. Therefore, it is important to know that you can count on the extra help to deal with the breakdown of the kitchen, the accident experienced with the car, etc.
There are even reasons related to seizing an opportunity. Many times, paying something in advance (a flight, Christmas gifts and even a part of the school or university registration) allows you to pay the amount with a discount applied to the original price, as long as you do it within the deadline. validity of the offer. For this reason, in many occasions it is important to assess whether this process should be carried out or not in order to achieve long-term benefits.
Aspects to consider
As a recommendation we believe that you must take into account certain aspects before carrying out a procedure like this. It is true that the conditions to be met are simple and that you will not need anything extraordinary to face this credit.
However, we believe that making a decision of this kind always has to be something clear about what you do not have doubts. Thus, you must contrast all the variables that will influence the cost of your loan. We refer to the interest rate and the repayment period, mainly two factors that will greatly affect your purchasing power.
The main purpose of this loan is to offer you the possibility of solving a specific problem, preventing it from being delayed or delayed. It is what you must really take into account and question yourself before filling out the application form.
Apply and live quietly
If you have arrived here and you know that you are going to solve your problem, from Astro Finance we encourage you to enter our website and get to know our fast credit service with FCI. It’s time to improve your quality of life, leave those accumulated bills resolved and even help yourself out of the debt record while thinking about improvements to your future well-being.
You are planning to buy a flat for a loan, but you have doubts whether it will also allow you to renovate it? There is a simple solution – take a single loan for the purchase and renovation of your apartment.
A mortgage for the purchase and renovation of an apartment?
Not everyone knows that money for finishing the apartment or its renovation (in the case of buying a flat on the secondary market) can be obtained as part of a mortgage.
Additional bank support is usually 10 percent of the value of the flat you buy, which you can spend, among others for the purchase of fittings, tiles, floor or floor panels, a new kitchen (including kitchen furniture) and the purchase and installation of furniture in the building.
As part of the housing and renovation loan, it is also possible to make changes to the layout of the electrical system, to finish the walls, install the walls and repaint the flat.
A loan for the purchase and renovation of an apartment in practice
Let’s give a simple example – buying a flat worth 300,000 PLN, we can apply to the bank for an additional 30,000 for its finishing or renovation. It is also possible to raise this limit. How to do it?
The solution is an appraisal report prepared by a real estate appraiser entered on the list of appraisers accepted by the selected bank. The cost of such a document is usually 450-550 PLN.
– With a thoroughly developed report that takes into account all future expenses, it is much easier to apply for a higher amount of repair credit. Simply put, it is an expense that pays off – explains Domingo Aljur, mortgage advisor from the Kandor branch of the company.
Selected banks also determine the level of possible loan amount for renovation of a flat or its completion with the rate calculated for one square meter (the average on the market is PLN 1,000-1,500 per 1 m2). In the case of a 40-meter flat with a value of 240,000 PLN will mean an additional loan for its finish at the level of 40 to 60 thousand. zł.
Let us add that there is also a group of banks that does not specify such limits at all – they set the amount of the finishing and renovation loan on the basis of the average. What? Well, the total purchase price of the premises along with its preparation or renovation can not be collected here from the average prices of apartments of similar size and standard in the area.
The cheapest loan on the market
And now it’s time for the most important – a common loan for the purchase and renovation of an apartment is today the cheapest loan on the market! If, therefore, we would like to finish the newly purchased apartment with the help of an additional loan, the cost of two such separate loans will be much higher than the cost of one common housing and renovation loan.
In short, it simply pays off! Unfortunately, we also have bad news – people who have decided to take advantage of the government program can not apply for a finishing loan
How do you get an extra loan for renovation?
You will need a cost estimate for renovation work, which must be attached to the “main” loan application. It should be remembered that the bank will “pay” only for these purchases and finishing works that relate to the permanent elements of our apartment – we can not, therefore, include the purchase of a new bed, mirror or TV.
When the loan application approved by the bank for the purchase of a new apartment and its renovation is finally completed, the amount due will be divided and paid in two separate tranches.
– When talking about the secondary market, the first part of the money related directly to the purchase of the flat goes to the account of the person from whom we buy the flat. The second part of the loan, intended for the renovation of the premises, is transferred directly to the account of the new owner. Let us add that both tranches are launched by the bank only after delivering the notarial deed of buying the premises – explains.
And what is the procedure for the primary market? We answer – here the first part of the loan related to the purchase of an apartment is divided into smaller parts, transferred to the developer’s account in accordance with the payment schedule resulting from the development contract. And when all the money goes to the account of the company that built our flat, the bank will provide us with the remaining funds – those for which it will be possible to finish the apartment. Does this mean that you have to wait until the day of signing the notarial deed with the beginning of finishing works? Not necessarily.
– The bank will be happy to give us money to finish our new “M”, as soon as it receives the report of reception of the premises – explains Domingo Aljur.
Let’s summarize then: the money for finishing or renovating the apartment is at your fingertips, so you should “add” it to your mortgage. And it is best to ask an experienced credit adviser for help in this matter – he knows all banking procedures well and knows where the easiest and cheapest way to get a good finishing and renovation loan can be obtained.