Payday Loans for Pensioners – The Loan for Me


Convenient and comfortable loan for pensioners

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%.

3 tips to finance study trips

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

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:

  1. 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.
  2. 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.
  3. 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.

One loan for the purchase and renovation of an apartment?

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?

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

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

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?

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.