My WordPress Blog Wed, 19 Jun 2019 19:48:39 +0000 en-US hourly 1 How to buy furniture in installment loan without interest Wed, 19 Jun 2019 19:48:39 +0000

If you urgently need to buy furniture, but the required amount is not on hand – use installments.

Understand the terms


Consumers often confuse two concepts – installments and credit. This is used by deft sellers, replacing concepts. Let’s see what is the difference between these two ways of selling goods.

Installment plan

Installment is the method of purchase of goods: you take it immediately, and pay in installments within the period agreed with the seller. Terms of payment are prescribed in the contract, which is signed by both parties – both the seller and the acquirer. For more information about installments, you can find out in this material “What is installment plan”.

The seller independently decides on the terms of installments:

  • the size of the initial payment – in this case it is called an advance;
  • the package of documents that the buyer must provide;
  • deadline for full payment of the cost of the goods, etc.

The buyer picks up his purchase after the advance payment. He can use it, but he becomes its owner only after the final settlement of the contract.

Pay attention : for the period of the contract on installment plan the goods are a pledge. To avoid further misunderstandings, carefully study the item about the exchange or return of goods.

The installment plan is beneficial to both parties to the contract:

  1. The buyer saves on interest.
  2. The seller can sell more of their products.

All risks are assumed by the selling party, since there is no intermediary bank in the transaction. All controversial issues have to be resolved in court.


The term “loan” means the amount of money that a commercial structure – a bank, an MFI – issues to a borrower. In this case, the latter will be charged a certain percentage. The loan agreement stipulates all the conditions – and the period of use of the amount as well. The creditor must provide a number of documents confirming his solvency.

Banks very scrupulously check the client’s credit history: if you once had any misunderstandings with any banking institution, this may cause a refusal to lend.

Installment without interest – what’s the catch?

Installment without interest - what


You, probably, often faced such picture: on the goods in shop two prices are specified. One of them – with full one-time payment, the second – with the purchase in installments. And the first may be less than the second by 50 percent. How do sellers explain this?

Previously, we focused your attention on the fact that all risks in the sale by installments are borne by the seller. And each of them can name many cases when the buyer is limited to an advance, not bothering with further repayment of the amount. To protect themselves from losses, the seller initially overstates the value of the goods.

In this case, the potential buyer risks to purchase goods with a large overpayment, and the benefit of installments is reduced to zero. In order not to be trapped, it is advisable to analyze the prices of the desired product in different stores. Thus, you can understand how adequate the price and quality of a particular seller.

Read the contract carefully

Read the contract carefully


Often, sellers, offering installments, actually mean a consumer loan or a loan in an MFI (microfinance organization). In this case, the service is issued not by the store, but by the money provider. Banks mainly focus on lending expensive goods – cars, furniture, fur products, home appliances. MFIs select low risk segments – shoes, baby products, and clothing.

Microfinance structures use a lower interest rate, unlike banks. But the maturity of the loan from the MFI is much less, therefore, the monthly burden on the family budget is higher.

In any case, the installment plan costs the buyer much cheaper than the loan. Therefore, it is important to carefully read the contract before signing it: otherwise you may receive a “surprise” in the form of overpayment. And you will hardly be able to challenge the signed document in court, most likely, you will be answered: “Carefully study the contract – you are adults.”

If you are offered to pay in installments through a bank, keep in mind that there is a substitution of concepts, and in fact you sign a loan agreement.

What to choose 

What to choose 

The choice of the program is yours: only you will be able to assess the financial benefits that lending and installment plans can give you.

But in general, the following conclusion can be made: if the overpayment on a bank loan and the full cost of goods in installments are comparable, assess the non-financial benefits – ease of debt servicing, the time that will have to be spent on clearance.

Most often, installments have a clear advantage. But this method only has one minus – sellers resort to this method of selling infrequently.

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How to choose a mortgage loan? Thu, 13 Jun 2019 13:41:40 +0000 The mortgage loan can be adapted to your needs by checking different configurations of available offers. The amount of the installment can be regulated by changing, for example, the loan period.

There is not one best offer for everyone and it is worth taking the time to choose the best offer in our individual case. When choosing a mortgage you must not only look at current promotions, but also on how we will live with the bank over the years. Sometimes, a small addition to the offer may convince us to take out a loan, but later in the end it turns out that the supplement does not compensate for the possible downsides of the offer.


What conditions must be met and how to prepare?

loan process

Taking out a mortgage is a long process, it’s worth getting ready for it. It’s best to think about it as soon as possible and “work” on creditworthiness. The timely liabilities payable in all banks is a big plus. Such information in BIK is a sign for the bank that we are a trustworthy customer.

You should also look into your wallet and check if there are any unnecessary credit cards there – high card limits can strongly reduce our creditworthiness. In the case of people running a business it is worth checking in advance how the bank counts income in this case – not all banks do the same.

It is also worth finding out what documents we will need at the time of submitting the application and how long such documents are valid, for example, documents confirming the legal status of the property or income generated.


New offers on the mortgage market

New offers on the mortgage market

Almost all banks offering mortgage loans offer promotional terms of loans in PLN. For loans in PLN, the lowest margin may amount to 1.33%. In the second place, banks decide to lower the margin for mortgage loans granted in euro.

Another element tempting the customer is the lack of commission for granting a mortgage. However, most banks are restricting promotions with additional conditions that must be met by a client applying for a loan. Most often the bank requires opening a personal account or buying additional insurance.


A flat as an investment

A flat as an investment

Many factors influence the value of the property, including technical condition, location, communication of the area, availability of public facilities such as schools, kindergartens or health centers.

Although we seem to have no influence on most of these elements, it is worth being interested in what is happening in the area because there are cases where, due to the activity of the residents, the management of cities or districts decided to build a new road, playgrounds or playgrounds.

Each new investment can affect the price of the property near it. We have the greatest influence on the value of our property, taking care of it itself. Through repairs and modernization, we can significantly increase the price of our square meter.


Real estate insurance

Most often banks have a real estate insurance package with a mortgage loan, however, the client ultimately decides whether he uses the bank’s offer or independently carries out insurance. The scope of basic insurance (from fire and other random events) is very similar in all banks.

The decisive element of the choice is the price as usual. It is worth considering long-term insurance when choosing insurance because it is cheaper than annual and does not require annual involvement, eg when signing an assignment to the bank.

A flat or house, whose purchase is financed by a mortgage loan, we will have to ensure against fire and other fortuitous events. The average annual cost of real estate insurance is currently around 0.08% of the value of the property, in the case of compulsory insurance against fire and other fortuitous events. For example, we will pay about PLN 360 for obligatory insurance of a flat worth PLN 450,000.

The subject of compulsory insurance is usually residential properties built or under construction / reconstruction together with their permanent elements and objects of small architecture. In the case of insuring residential real estate, non-residential real estate may also be subject to insurance if the mortgage providing collateral for the mortgage loan is or will be established. Random events that include so-called masonry insurance includes: fire, lightning, overvoltage, collapse of the aircraft, flooding, hurricane, flood, runoff from the slopes, hail, landslides, collapse of the land, avalanche, fall of the tree or its parts, impact of the vehicle .


How to choose insurance?

At the beginning you have to insure what is obligatory with the mortgage loan – so-called walls. Each bank requires us to insure against fire and other random events. In addition, it is worth thinking about insuring household property (eg valuable audio equipment) against theft or other unpleasant events. Unfortunately, every so-called the risk affects the insurance price.

The safer we want to sleep, the more we have to pay. It is worth considering the most important risks that our property is exposed due to the location. If we live in a neighborhood with a lot of burglaries, we should not belittle it when choosing insurance.

The average annual cost of real estate insurance is currently around 0.08% of the value of the property, in the case of compulsory insurance against fire and other fortuitous events. For example, we will pay about PLN 360 for obligatory insurance of a flat worth PLN 450,000.


Mortgage repair

Mortgage repair

A mortgage loan for a renovation can only be taken by the property owner. Financing the refurbishment in such a way, however, is worth carrying out when the expected cost of renovation is more than PLN 30,000, with lower amounts, the collateral costs are higher than in the case of a cash loan.

The bank will probably want to check how we used the funds obtained and see if and how we completed the renovation. When applying for such a loan, it is worth finding out how the bank will verify the fact of the renovation, whether it will require invoices or whether we should expect a bank employee inspection.

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How to get a loan secured by a car in 2019? Mon, 20 May 2019 13:11:04 +0000

Everyone can have situations that may require money to solve. If money is deposited and there are savings, then the problem can be quickly resolved, but what if there is not enough money at the right time in the right amount?


car loan

car loan

You can contact the bank, but credit organizations will not give out large sums so easily. It will be necessary to collect documents, to submit an application, for the consideration of which it may take a few days. If you don’t have time to wait, contact an MFI and apply for a car loan . You will receive money within hours.


IMPORTANT: When performing an assessment of transport, which is transferred as security for the loan, the age of the vehicle and its technical condition will be taken into account. The chances of getting a loan increase significantly if:

  • domestic production up to three years;
  • imported car up to ten years.

The main condition for lending will be the absence of encumbrances on cars in the traffic police or other regulatory authority.


Vehicle and Borrower Requirements

Vehicle and Borrower Requirements

From the documents, you need only a driver’s license, passport with a residence permit, certificate of registration of the vehicle. In rare cases, microfinance organizations may require a mandatory OSAGO insurance policy. Virtually all credit institutions have an age limit for a potential borrower from 18-21 to 65-70 years.


Requirements are presented to transport, which is transferred to customers as collateral. The car should not be arrested, mortgaged, bought with credit funds. A car is considered as a pledge only if it is cleared through customs, taking into account the existing rules and norms of the law;


The advantages of obtaining a loan secured by a car

The advantages of obtaining a loan secured by a car

The loans that are given in microfinance organizations are economically and easily received and repaid. With a responsible approach, you can get a loan on favorable terms for the borrower:

  • the borrower does not need to confirm the payment capacity;
  • the credit history of the client who applied for the loan is not checked;
  • CASCO insurance is optional;
  • You do not need a guarantor to arrange a large loan.


Turning to a microfinance organization to get a loan on bail , you can count on a large amount, which the bank will issue when entering into a loan agreement. The borrower can count on 80, and sometimes 90% of the market / real price of the car.


When issuing a loan, a personal repayment schedule is drawn up, as is convenient for the client. Money can be returned in equal parts throughout the period. Debt can be repaid in full or in part. If difficulties arise in repayment of the loan, the contract can be prolonged, but this will require paying interest for a specific period.


Features of obtaining a loan secured by movable property

Features of obtaining a loan secured by movable property

Contacting an MFI to get a loan will not be inconvenient if you take this responsibility. Especially comfortable for customers who have several cars. Since they receive money urgently, they remain mobile.


The lending procedure secured by movable property provides for a small amount of documents and a minimum of time. All this was made possible thanks to a well-established algorithm.


To apply for everything you do not need to personally visit the MFI office. It is enough to leave a request on the company’s website or call the office. Consultants in the near future will call back and select a convenient time to visit the office according to your requirements. A credit agreement will be drawn up there and money will be issued.


The contract is prepared by MFI specialists on the basis of the application form submitted by the client, which indicates the vehicle owner’s data and the technical characteristics of the car. The questionnaire can be filled in the company’s office or online at the site. When considering the application is first carried out:

  • free expert assessment of the technical condition of the vehicle;
  • checking the vehicle for any encumbrances in the controlling authorities or in the traffic police;
  • preparation, signing of a loan agreement for a loan.

Provided as a pledge the car is placed on a guarded parking lot. The car is returned to the owner immediately after the return of the debt on the issued loan.


On our website, you can quickly get a loan, leaving your car on bail. Cooperation with us is a guarantee of reliability. We will be happy to assist you in difficult life moments. Therefore, do not hesitate, if you urgently need money, you can get it from us with the maximum financial benefit for yourself.

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Interest Rate Business Loans Mexico Sun, 21 Apr 2019 13:20:13 +0000

Personal loan that has advantages such as a lower rate than the cards, which offers us a higher amount of money and we can use it for whatever we want. To request a self-financing it is important to consider some aspects:

  • Used for the acquisition of machinery, warehouses, premises, transportation equipment, furniture and office equipment;
  • its conditioning and assembly, installation expenses and in general any fixed assets necessary for the operation of the company.


Company uses loans

Company loans

These companies use the loans to buy the inventory, rent a building space and pay the sellers. An interest rate business loans Mexico that many have in their heads is whether they should take a financing with credit cards or a personal loan to pay expenses, offered by different banks. It can be done with the use of its own resources or by transfer from another bank. Document the operations performed where the client must form the invoices generated in his account.

In today’s issue we will analyze the best options that you have in the market based on the interest rate of loans for SMEs, reducing the amount of money. To start enjoying all the benefits offered by the HSE Bank, you can contact your line of services.

  • business on the phone
  • About the bank
  • Contact
  • Inflation
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  • Exchange market (Exchange rates)
  • Transparency law
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“In order to increase competition in the financial system, the Bank of Mexico will publish bimonthly information and indicators on the behavior of interest rates and commissions.


Interest rate business loans Mexico

Interest rate business loans Mexico

While the minimum rate on that product is offered by Laitiabank with 7. R of Financing. Let’s Progress, which charges its clients a gross fixed investment rate falls in October. Bank of South Korea prohibits employees from trading with bitcoins. With regard to the quality of attention to complaints presented by users before the Condusef, Banio is the institution with the best service index with 9.


Business loans Mexico

Interest rate business loans Mexico

Please enable JavaScript to view the comments powered by Diki. Cryptocurrencies ‘send the ring’ to Russian officials. You can not extort money for resources, says Hacienda a Corral. Car theft reaches historical record in November There is one that fits your needs.

Regarding the quality of the attention to the complaints presented by the users before the Condusef, Banio is the institution with the best attention index with 9. Now there are no pretexts for not having the information at your disposal since the Condusef Financial Entities Bureau supports you, in it you can verify the qualification of 91 simple SME credits that are evaluated and you can review the claim index, the observations, the sanctions, the qualifications, and the IDATU User Attention Performance Index, among other data. 


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Loans for doctors – terms and benefits Tue, 02 Apr 2019 13:29:02 +0000

For several years on the Polish market one can see that many banks offer loans for special professional groups. Such loans usually have better conditions than those granted to people earning the lowest national income. Currently, this injustice is moving away, however, there are several institutions that provide loans in this way. Among the privileged groups there are, among others, doctors. What does the credit procedure look like in their case?

What are the benefits of loans for doctors?

What are the benefits of loans for doctors?

These benefits include better repayment terms and shorter procedures. There are currently 10 institutions in Poland that provide faster loans to specific, privileged professional groups. Usually these are public trust competitions. The exception is Bank Illieumun and Bank SID.

In the case of these banks, financiers can count on better credit conditions. Some banks have prepared preferences for selected representatives of social groups. People who occupy high positions in public trust professions can count on a quick cash injection that will allow the purchase of certain items. Individual banks adopt specific bonus methods for selected professional groups. The most common preferences include:

  • – simple credit procedures (estimation of income based on the statement of the selected client)
  • – significantly lower margin and preparation costs,
  • – increasing the limit of borrowed capital,
  • – longer loan period.


Loans for doctors, dentists, veterinarians without a certificate of income.

Loans for doctors, dentists, veterinarians without a certificate of income.

The doctor is perceived by most banks as a reliable person. This is very welcome. Doctors also earn more than average bread eaters, so they can apply for a loan on better terms. The doctor does not have to meet so many, often exorbitant requirements for obtaining a loan.

Due to the fact that it is a profession of public trust, the bank trusts a given person and believes in its diligence and credibility. Granting a loan to a doctor involves many facilities, such as longer crediting time and significantly fewer office procedures. Usually, in the case of doctors, there is no need to show documents confirming the amount of earnings. All you need is a verbal declaration.

Banks accept such declarations immediately. For a bank loan on a simpler basis, both a physician working in a hospital and a private practice doctor may apply. Banks want to support young specialists who want to open their own private office, but at the moment do not have sufficient funds for this purpose. They have extremely flexible and favorable conditions for incurring clients. All this only for the good of patients.

Looking somewhat more closely at the credit conditions for doctors, it can be noticed that the loan terms have been minimized in their case.

Credit for doctors – advantages

Credit for doctors - advantages

A doctor who has ever taken a loan from a bank knows that the lending procedure is just perfect. In fact, the only downside of the credit for doctors is the fact that the debt must be repaid. The advantages include:

  • – Necessity only for an identity card,
  • – extremely fast verification of the application and quick granting of the loan,
  • – a simple form of checking the creditworthiness of the person concerned,
  • – Lack of guarantors and security,
  • – Very long and flexible loan period,
  • – The ability to combine all liabilities into a whole,

As you can see a loan for doctors, it has many advantages. An additional advantage is that the doctor does not have to go to many different banks in order to compare the offers. There are companies that mediate between the person concerned and the bank.

Often doctors need an injection of cash to furnish their office. Medical equipment is very expensive and most people can not afford to buy it on their own. Banks that help their clients as best as possible can come to help. Each doctor wants to create the best specialist clinic for their patients.

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