Online installment loans -Arprisoners.Org http://www.arprisoners.org Mon, 22 Apr 2019 09:50:22 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.1 The best flex loan no credit check -Installment Loans: Easy money for you http://www.arprisoners.org/2019/04/22/the-best-flex-loan-no-credit-check-installment-loans-easy-money-for-you/ http://www.arprisoners.org/2019/04/22/the-best-flex-loan-no-credit-check-installment-loans-easy-money-for-you/#respond Mon, 22 Apr 2019 09:06:04 +0000 http://www.arprisoners.org/2019/04/22/the-best-flex-loan-no-credit-check-installment-loans-easy-money-for-you/ Borrowing money for a new engine or for an occasion is quite possible with the installment loan. This is the perfect type of loan for financing your motorcycle. Why we think this is the best motorcycle loan, we explain this article later. Borrowing money for an engine is basically the

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Borrowing money for a new engine or for an occasion is quite possible with the installment loan. This is the perfect type of loan for financing your motorcycle. Why we think this is the best motorcycle loan, we explain this article later. Borrowing money for an engine is basically the same as taking out a car loan. Most car loans can also be requested for the engine you want to buy.

Installment loans: Easy money for you

Preferably looking for an installment loan at https://greendayonline.com/installment-loans/. A major advantage of this type of loan is that it provides you with a lot of clarity and it is also one of the safest forms of borrowing. You agree in advance on how much money you borrow. The loan amount will be transferred to you in one go. In addition to the loan amount, you agree on how many installments you can repay the loan. This is the term (term) of the loan on installment. You must stick to the duration. You also borrow at a fixed interest rate. This has the advantage that you know in advance how much the loan will cost you in total! You pay exactly the same amount of repayment and interest each month.

Save money on your motorcycle loan

It sounds very logical, of course, when we write that we recommend you to save money on your motorcycle loan. Closing a loan for an engine is often required for more expensive engines. Always try to negotiate the engine price. Just like with cars, this is certainly possible with motors.

Borrow extra money for motor insurance and motorcycle equipment sometimes possible

Depending on your income, your family and living situation, any outstanding loans and the price of your motorcycle, you can borrow up to 100% of the purchase price. Sometimes it is even possible to borrow more money for an engine (for example 105% or 110% of the purchase price). This gives you the opportunity to pay directly the costs of motor insurance. But with this extra spending amount you can also finance the necessary engine equipment such as a helmet, motorcycle clothing, et cetera. Compare the credit companies accordingly to these conditions; whether you can borrow up to 110% of the purchase price.

With whom to take out motor loans in Belgium?

Borrowing money for a new or used engine can in principle be done with all loan banks. We advise you not to take out a general loan. With a specific loan, you are often cheaper. This can also be a car loan.

Compare motor loans

Calculate your JKP (Annual Cost Price) with a number of Belgian lenders and place them side by side. Of course, it is important to compare interest rates on motor loans. But at least as important are the conditions:

  • May you repay the loan more quickly and without penalty?
  • Are you obliged to be insured with the same credit provider?
  • Can you negotiate interest rates?
  • Can you possibly finance up to 110% of the cost of the engine?

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Mortgage loan forms http://www.arprisoners.org/2019/02/05/mortgage-loan-forms/ http://www.arprisoners.org/2019/02/05/mortgage-loan-forms/#respond Tue, 05 Feb 2019 03:17:32 +0000 http://www.arprisoners.org/2019/02/05/mortgage-loan-forms/ In the past, one could choose from a range of mortgage loan forms. That is still possible now. Even though the types of mortgage loans from which you can choose are significantly restricted. This is because homeowners – if they want to claim mortgage loan interest deduction – can only

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In the past, one could choose from a range of mortgage loan forms. That is still possible now. Even though the types of mortgage loans from which you can choose are significantly restricted. This is because homeowners – if they want to claim mortgage loan interest deduction – can only choose between an annuity mortgage loan and a linear mortgage loan.

And that’s good too! Because these are two very safe forms of mortgage loan, where you have the security not to be burdened with a residual debt at the end of the mortgage loan term …

Mortgage loan interest deduction rules are rigorously curtailed

Since January 1, 2013, the government has changed the rules regarding the interest deduction on mortgage loans. In order to benefit from the interest deduction, you are in fact obliged to choose between an annuity and linear mortgage loan. With these 2 types of mortgage loan you resolve the debt in its entirety during the term.

All types of mortgage loan types from before 2013 to the present

Despite the fact that starters – who are buying a house for the first time – can now only opt for mortgage loans that have to be redeemed in their entirety during the term, a lot of Dutch people still use an older mortgage loan. An older mortgage loan type is, for example, the interest-only mortgage loan or savings mortgage loan. But there are many more (old) mortgage loan types. With most of them, the homeowners can pay off at the end of the term.

Characteristics and properties of mortgage loan loans

Below we explain briefly what the characteristics are of all types of mortgage loan (mortgage loans are also called ‘mortgage loan loans’) that could be applied for before 1 January 2013. We then inform you about the 2 mortgage loan types for which starters can only choose today: the annuity mortgage loan and the linear mortgage loan. Let’s start with the black sheep of the family: the interest-only mortgage loan.

The interest-only mortgage loan: not paying off causes problems

There has been much to do about the interest-only mortgage loan. Hundreds of thousands of Dutch households still use this form of mortgage loan. In recent years, however, this mortgage loan loan has been banned. Every new mortgage loan must be repaid on a monthly basis.

With interest-only mortgage loans you only pay monthly interest on the mortgage loan amount. You therefore do not pay off the mortgage loan and you can not build up any capital. The debt always remains the same.

If you move house, you pay off the mortgage loan loan. And if you do not move, you are obliged to repay the outstanding debt to the bank at the end of the term. You can do this with money you have saved or you take out a new mortgage loan and thus solve the old one.

The bank savings mortgage loan – in savings form

The bank savings mortgage loan can no longer be requested by starters. Nevertheless, there are still many homeowners who have bought their home with this loan. It is a mortgage loan type where one does not pay off the mortgage loan in parts during the term. As with the interest-only mortgage loan, the total loan amount must be repaid at the end of the term.

This mortgage loan loan form, the bank savings mortgage loan, was very popular in 2008. The mortgage loan was linked to a bank savings account. The final repayment should be possible with the proceeds from the savings account. This form of mortgage loan guaranteed low monthly costs as optimal use could be made (and still continues) of the mortgage loan interest deduction.

With a bank savings mortgage loan you save money. You will receive compensation in the form of interest on the money you save. This compensation is equal to the mortgage loan interest you have to pay to the bank. We will briefly discuss a form that is virtually the same as the bank savings mortgage loan.

Bank savings mortgage loan – in investment form (investment mortgage loan)

A variant of the bank savings mortgage loan is the bank savings mortgage loan but in investment form. In this case there is an investment account instead of a bank savings account linked to the mortgage loan. We also call this mortgage loan form the ‘bank savings mortgage loan’. You thus invest in box 1 tax-free and pay the mortgage loan with the proceeds of your investment. You do this on the end date of the term.

The ‘bank savings mortgage loan investing’ is a risky form of borrowing. After all, you never know for sure what the investment will bring you …! This means that the final capital and therefore the final payment is also uncertain. Incidentally, this mortgage loan loan is also popularly known as the ‘investment mortgage loan’.

The savings mortgage loan

With a savings mortgage loan you pay monthly interest on the loan amount. You always combine the savings mortgage loan with a compulsory life insurance policy. In addition to the interest to be paid, you must also pay the premium for that life insurance every month. You thus save your own capital. With this you are assured of a benefit in the event of (premature) death.

The final capital that you save by paying monthly premium for the life insurance is equal to the total mortgage loan amount. With this form of mortgage loan you are assured that you can always meet the repayment. You pay the mortgage loan amount at the end of the term in one go with the savings you have accrued. Also in case of premature death. You have taken out compulsory life insurance for this.

The life mortgage loan

Even with the mortgage loan you will only pay off the mortgage loan sum at the end of the term. The life mortgage loan is an investment mortgage loan. But unlike investment mortgage loans where it is still the question whether your investments yield something, you usually receive a guaranteed (minimum) benefit with the life mortgage loan.

The profit is shared with other mortgage loan users. A variant of the life mortgage loan is the so-called ‘hybrid mortgage loan’. With this, you opt for savings and investments or you can switch between investing and saving. You are always obliged to take out an insurance (life insurance) with the life mortgage loan.

The credit mortgage loan

The credit mortgage loan is a fairly unknown form of loan that is only very sporadically offered. Credit mortgage loans were granted until 2013. From 2013, this mortgage loan form is only available to homeowners under very strict conditions. This mortgage loan is in fact just a revolving credit.

Your home is therefore considered as collateral. The level of this mortgage loan is highly dependent on the home value and the income of the applicant. No interest deduction applies to the credit mortgage loan. It is in fact a form of consumer credit.

Close an annuities mortgage loan

From 2013 home owners and future homeowners can only choose between 2 types of mortgage loans. That is the annuity mortgage loan and the linear mortgage loan. Do you want to take out a cheap annuity mortgage loan? This is a mortgage loan where you pay off a fixed sum every month. This sum consists of interest and repayment.

Particularly in the first years you pay more interest and you can therefore fully benefit from the mortgage loan interest deduction. As the term progresses, you will pay more money. This mortgage loan has a fixed end date and you pay a fixed amount every month. As a result, the monthly costs remain the same throughout the term.

Request the best linear mortgage loan

The linear loan is requested a little less often than the annuity mortgage loan. And that is actually quite remarkable. Because this type of mortgage loan is cheaper. However, you also pay the same amount monthly with the linear mortgage loan. In the beginning you pay a lot of interest but this decreases as the maturity progresses. However, the repayment component remains the same during the entire term.

Did you know that ….

A mortgage loan not only consists of a loan itself, but often also many other products are added to it? For example, you also take out a term life insurance policy or an investment account with a mortgage loan. The total product is called a mortgage loan.

 

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Arrange your loans yourself http://www.arprisoners.org/2019/02/05/arrange-your-loans-yourself/ http://www.arprisoners.org/2019/02/05/arrange-your-loans-yourself/#respond Tue, 05 Feb 2019 03:13:36 +0000 http://www.arprisoners.org/2019/02/05/arrange-your-loans-yourself/ Do you have debts? Grab them yourself with the repayment plan If you have smaller, starting debts, it is sometimes possible to work out a solution yourself. The Nibud website zelfjeschuldenregelen.nl helps you to determine how much repayment space you have and how you can divide this between the creditors.

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Do you have debts? Grab them yourself with the repayment plan

Home Selfjerschuldenregelen.nl If you have smaller, starting debts, it is sometimes possible to work out a solution yourself. The Nibud website zelfjeschuldenregelen.nl helps you to determine how much repayment space you have and how you can divide this between the creditors. You make a repayment plan that states exactly which scheme you can propose to which creditor. Sample letters help to turn this plan into action.

Tip : If you are unable to pay an invoice, please contact the relevant authority directly and tell them that you are working on a solution. This prevents bigger problems.

Debt-free in six steps

The aflostool on Zelfjeschuldenregelen.nl guides you in six steps to a plan of action for your money problems. In addition, you will find a lot of background information on the website about solving debts and the working methods of creditors. And you can use handy sample letters.

How does the repayment plan work?

Action list zelfjeschuldenregelen.nl Your end result is an action list to solve your debts in a realistic way.
To achieve this result, start at:

  • Step 1: You make an overview of all debts and payment arrears
  • Step 2: You fill in a few details about your household, such as your home, your car and your income.
  • Step 3: The tool guides you through all expenses in a household, filling in your actual costs
  • Step 4: You now see the totals of your income and expenses at a glance. It becomes clear what room there is for redemption. 
  • Step 5: The tool now calculates a redemption proposal whereby your repayment area is divided over all creditors.
  • Step 6: Now you have the ready-made action plan to make arrangements with your creditors, helped by sample letters.

 

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How much can I loan my client? http://www.arprisoners.org/2019/02/05/how-much-can-i-loan-my-client/ http://www.arprisoners.org/2019/02/05/how-much-can-i-loan-my-client/#respond Tue, 05 Feb 2019 03:10:46 +0000 http://www.arprisoners.org/2019/02/05/how-much-can-i-loan-my-client/ Lenders may not provide credit if that leads to excessive lending. This is stated in the Financial Supervision Act. How do I test this? The umbrella organizations of lenders have drawn up codes of conduct on how they test whether a loan does not lead to excessive lending. The Code

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Lenders may not provide credit if that leads to excessive lending. This is stated in the Financial Supervision Act.

How do I test this?

The umbrella organizations of lenders have drawn up codes of conduct on how they test whether a loan does not lead to excessive lending.

  • The Code of Conduct of the Netherlands Association of Financing Companies (VFN)
  • The Code of Conduct of the Dutch Banking Association (NVB)

All these codes of conduct make use of the Nibud model budgets to ensure that households with a credit retain sufficient amounts to be able to at least make the necessary expenses of a household.

Knowing more?

Would you like to exchange ideas about the use of Nibud figures for your organization? We like to think along with you. Contact our consultant Jasja Bos or Max Poortermans , product manager licenses and online applications. You can also ask your question via the contact form.

 

 

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How much can I loan? http://www.arprisoners.org/2019/02/05/how-much-can-i-loan/ http://www.arprisoners.org/2019/02/05/how-much-can-i-loan/#respond Tue, 05 Feb 2019 02:57:50 +0000 http://www.arprisoners.org/2019/02/05/how-much-can-i-loan/ A lender has the duty to investigate whether you can bear the burden of a loan. You must provide information about yourself for this. The lender, when determining which monthly expenses you can bear, always takes into account: Your income Your household composition Your housing costs Other credits that you

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A lender has the duty to investigate whether you can bear the burden of a loan. You must provide information about yourself for this.

The lender, when determining which monthly expenses you can bear, always takes into account:

  • Your income
  • Your household composition
  • Your housing costs
  • Other credits that you have now run. For this they do a test at Bureau Credit Registration.
  • Other personal obligations that you have
  • Whether or not you have paid credits in the past. For this they do a test at Bureau Credit Registration.

Personal Budget Advice

You yourself should ask yourself how much you want to borrow. With the Personal Budget Advice you can get a picture of whether the costs of a loan fit into your budget. You can do this by filling in the Personal Budget Advice and also filling in the costs of a loan. The more accurately you enter your data, the more insight you get.

  • Also take into account unexpected or extra costs or with special expenses such as payments to alimony or childcare.
  • If less is left, you have to cut costs. Can you manage that? And how long do you keep that up? It is important to look at this honestly. Can you also pay your compulsory expenses such as fixed costs for your home and living expenses in the new situation?
  • Is it necessary to save on your free expenses (such as vacation trips or sports)?
  • When in doubt, try to save a fixed amount every month. Can not you? Do not take out a loan because it probably will not be possible to repay.

Do you have too little left? Then consider another solution. Maybe you can postpone the purchase or opt for a cheaper alternative (for example repair instead of replacement).

Looking forward

A loan involves financial obligations for a longer period. Changes may occur in this:

  • Perhaps your situation will change, for example pension, unemployment or incapacity for work. Can you still incur the costs?
  • Do you expect your expenses to go up? For example for maintenance of your home? Or because your school-going children are going to cost more? Check whether there is still room in your budget for repayment.
  • Ensure that the loan does not run longer than the period that you use your purchase. For example if you buy a car. If you use this car for five years, you must be able to pay off the loan within five years. Can not you? Do not borrow or a lower amount ..

47 %

of households has one or more forms of loans or debts

Fine print

Pay attention! Borrowing money, costs money

  • Financial undertakings are obliged to include this warning (from the AFM) in advertising messages for all credits. So you know that certain offers are actually a loan.
  • Do not just be guided by the interest rates mentioned, but also look at the repayment period, the monthly costs and especially the total costs of the loan. The total cost of the loan is used to calculate how much interest you pay in total. This allows you to determine which loan is ultimately the most expensive.
  • The interest rate may be lower if, for example, you take out a term life insurance policy at the same time. The interest rate can only apply to new customers or to a loan from a certain amount.

Tip: It is also important for suppliers with a permit from the AFM to look carefully at the conditions.

If you have a complaint

  • Credit providers have a duty of care that is laid down in the Financial Supervision Act ( Wft ). All information must be clear and ‘transparent’. A lender must have a license from the Netherlands Authority for the Financial Markets (AFM).
  • If you have a complaint, first send a letter to the management. If the company does not come up with a suitable solution after following the complaints procedure, you can submit your complaint to the Financial Services Complaints Institute (Kifid).
  • If you feel that a financial institution has not provided enough information or you encounter a form of misleading advertising about financial products, you can report this to the AFM’s Financial Markets Information Line: 0900 – 5400 540.

 

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A loan? http://www.arprisoners.org/2019/02/05/a-loan/ http://www.arprisoners.org/2019/02/05/a-loan/#respond Tue, 05 Feb 2019 02:55:00 +0000 http://www.arprisoners.org/2019/02/05/a-loan/ Closing a loan now seems very easy. But there are always risks. If you know what to look out for, you know what to expect and you can borrow responsibly. Is borrowing really necessary? Perhaps saving is an alternative. Borrowing costs more money because of the interest you have to

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Closing a loan now seems very easy. But there are always risks. If you know what to look out for, you know what to expect and you can borrow responsibly.

Is borrowing really necessary? Perhaps saving is an alternative. Borrowing costs more money because of the interest you have to pay. Your purchase is therefore always more expensive. With savings you get interest and you are not stuck with compulsory repayments. And you save when it suits you.

63 %

of households with a loan would rather have borrowed less

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Responsible choice

A loan can sometimes be a godsend. Suppose your house needs urgent refurbishment to prevent even more expensive repairs are needed. This can also be the case when repairing the car or washing machine.

Are you considering taking out a loan? Then do the check below.

Close the loan checklist

1. Multiple offers

Request at least two quotes from various providers. This way you get a good picture of the possibilities and associated costs.

2. Permit

Does the provider of the loan have a license with the AFM ? If the provider does not have a license, it is not wise to take out a loan here.

3. Compare conditions

Compare the conditions of various lenders. Consider, for example, the possibility of early redemption or a term life insurance policy. But also the term.

Also read the fine print. This way you will not be faced with surprises.

4. Interest and costs

  • Is the interest fixed or variable? A variable interest rate may rise when the fixed-rate period expires.
  • How long does the interest rate apply?
  • How much do you have to pay per month and what part is interest?
  • Do you actually pay off per month or do you only pay interest?

If you know this, you can make an approximate estimate of the cost of the loan. Also note additional costs as insurance. With a longer term the monthly costs are lower, but in the end you pay more.

Lenders must provide you with an overview of their terms and conditions and interest rates. In order to be able to compare loans properly, the provider must also state the annual percentage rate. That is the interest including all additional costs. The annual percentage rate may not exceed 14 percent.

Differences between interest rates depend, among other things, on the form of the credit. Each lender applies his own rates within the statutory maximum. This interest is higher for smaller loans than for larger amounts. The costs that the lender has to make are relatively higher for small loans.

5. Take the time

Do not be pressured to sign a contract on the spot.

 

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Types of loans http://www.arprisoners.org/2019/02/05/types-of-loans/ http://www.arprisoners.org/2019/02/05/types-of-loans/#respond Tue, 05 Feb 2019 02:50:23 +0000 http://www.arprisoners.org/2019/02/05/types-of-loans/ Costs money The list below lists all types of consumer credit with an explanation of the specific characteristics. There are many differences between these types of borrowing, but the fact remains that borrowing always costs money. Consumptive credit is registered with the Credit Registration Office . This means, among other

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Costs money

The list below lists all types of consumer credit with an explanation of the specific characteristics. There are many differences between these types of borrowing, but the fact remains that borrowing always costs money.

Consumptive credit is registered with the Credit Registration Office . This means, among other things, that your loan may have consequences for the amount of other loans you want to take out, including a mortgage.

31 %

from the households who borrow, lends for a car

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Revolving credit

With a revolving credit you get a credit limit. That is the amount that you can borrow as much as possible. This is, for example, 10,000 euros. You can withdraw the entire amount in one go. For example for a large purchase. You may also include the amount in parts.

From the moment you have withdrawn, you also start paying back. Each month you pay at least 2 percent of the amount withdrawn. That is partly interest, and part repayment. Have you taken the entire amount and repaid it? Then you can borrow again.

Suitable for:

When you need irregular amounts, for example for a long-term renovation that you do not pay with a mortgage.

Benefits

  • Often the interest on a revolving credit is lower than with other types of credit.
  • You are flexible in withdrawing amounts.

Cons

  • The interest rate is variable: the interest rate is not fixed for the entire term. However, you pay a fixed amount of interest and repayment every month. Which part of that amount is repayment and what part of interest depends on the interest rate at that time.
  • You do not know exactly how long you have to pay in advance. With the minimum amount you are repaying for at least 4 years.
  • You have to take action yourself if you want to pay more per month and therefore want to get rid of the loan faster.
  • Temptation to continue to withdraw credit

Tip: With a revolving credit the term is variable. But in the end you also have to pay off this credit. It may be useful to keep a target date for yourself when you want to do that.

Personal loan

With a personal loan you can borrow a predetermined amount. When the loan is taken out, the amount of the interest and the term are fixed.

Suitable for:

Products with a certain lifespan. The term of the loan should not be longer than the life of the product, so that you have paid off the product if you want to replace it.

Benefits

  • The interest is fixed. You always know exactly where you stand.
  • The term and the redemption schedule is fixed. You know when you have finished repaying.

Disadvantage

  • The interest on a personal loan is usually higher than the interest on a revolving credit.

Stand red

Being red means that you can withdraw more money than you have on your current account. You can often see a red amount on your payment account up to a certain amount. For example up to 1000 or 2500 euros. Every time you use this credit option, you pay interest on the amount withdrawn. You pay lower interest rates when you are allowed to pay red than for an unauthorized overdraft .

Tip: With most banks you can set an e-mail or SMS when you are (almost) red.

Suitable for:

Taking care of an expensive month.

Benefits

  • Ease. You do not have to apply for a loan at a time.
  • Can for small amounts.

Cons

  • High interest.
  • Temptation to stand structurally red.

Buy on installment (via home shopping organizations or web shops)

Some companies offer the possibility to pay the bill for a product in installments, with interest. Even when it comes to low amounts. This can be done at shops, but also when you order online, through so-called home shopping organizations.

It is also possible to have a kind of revolving credit at home shopping organizations. You may then purchase up to a certain limit, for example up to 1,000 euros. If you have paid part of the bill, you may make new purchases.

Suitable for:

Purchasing products

Benefit

  • Loans for small amounts possible.

Cons

  • You often pay a higher interest rate at a home shopping organization than with a loan from a bank.
  • There is a lot of temptation to buy more, or to keep buying.

Read more about the purchase of a telephone set for payment.

Credit cards

Credit cards are issued by banking institutions and credit card organizations. For example, MasterCard or Visa. With a credit card you can pay in many shops, hotels and restaurants. Both at home and abroad. You can also pay with a credit card on the internet. You can pay with a credit card until a certain limit is reached. With a credit card you buy on account. This account will be deducted from your current account a few weeks later. You thus postpone the payment.

Suitable for:

  • Purchases of products

Benefits

  • Valid in many places, including abroad.
  • Often extra service, such as insurance.

Cons

  • High interest. Sometimes credit card organizations offer the possibility to pay the bill in installments. If you pay in installments, you will be faced with a high interest rate. In addition, the limit is reported to the BKR. This makes it less easy for you to take out another loan.
  • In some cases you must have the discipline to redeem a credit card debt.
  • You pay for the possession of the credit card. This is usually 20 to 50 euros per year.
  • Temptation to buy more.

Customer cards

More and more stores and businesses are issuing loyalty cards or shopping cards. With some of them you can also buy on credit. This is then comparable to a credit card. With some loyalty cards you buy an item, for which you will receive the invoice later. Sometimes you can pay the bill in installments.

Suitable for:

  • Repeated purchases from the same store
  • Credit limit and high interest

Benefit

  • Ease.

Cons

  • High interest.
  • Temptation to buy too much.

Lease

When you lease, you pay a fixed amount per week or per month for a number of years. There are two types of lease: financial leasing and private leasing (operating leasing).

1. Financial leasing

Financial leasing is very similar to lease purchase. It is possible, for example, to purchase a kitchen or parquet. In most cases, maintenance and warranty provisions are included in the lease agreement. In many cases you can purchase the product at the end of the lease term for a symbolic amount. Only when you have paid the amount of the purchase option are you the owner.

Suitable for:

  • When using a specific product

Benefits

  • Often extra service, such as maintenance.
  • The interest you pay on financial leasing is tax deductible if you use the product to improve the first owner-occupied home.

Cons

  • Loan is linked to a specific product. You can not take off the loan without removing the product (which is difficult with a kitchen or parquet).
  • If you can no longer afford the repayment, and you have not yet paid off 75 percent of your debt, the leasing company can claim the product.

2. Private lease

This form of lease is more like renting. After the contract has expired, you are not the owner of the item for private leasing. For example, cars are offered in this way (read more about buying a car ).
You can buy the article afterwards.

Suitable for:

  • When using a specific product.

Benefit

  • Often extra service, such as maintenance

Cons

  • Loan is linked to a specific product. You can not get rid of a loan without removing a product (which is difficult for a kitchen or parquet).
  • Possible extra costs if something changes in your situation.

Also read: ‘ What should you pay attention to when using private leasing (AFM)

Borrow with collateral

When borrowing with collateral you lend an amount with financial or material assets as collateral.

1. Pawn credit or repurchase

There are companies where you can pledge items such as electrical appliances or jewelery. The article is stored at the company. In exchange you will receive a sum of money. When you have enough money again, you can buy the item back again. Against payment of the loan amount and a surcharge. These companies are called pawnshops or pawnshops. Do you not collect the article within a certain period? Then the pawnshop can sell the item.

In The Hague and Amsterdam these are municipal institutions. For example the Stadsbank or Bank van Lening. In other places, commercial companies are also active as pawnshops.

Suitable for:

Pandkrediet can be useful if you have a temporary shortage and need the money quickly.

Benefit

  • You do not have a debt with a credit facility. You do not have to pay interest and you are not chased by creditors. The worst thing that can happen is that you can not buy the item back.

Disadvantage

  • The costs are pretty high. The storage costs are much higher than the interest on most loans. The municipal pawnshops calculate the maximum interest rate of 14 percent on an annual basis. Commercial companies are often far above this.

Do not do any persistent problems

Do you have ongoing money problems? Then loan credit is not a solution for you. You will probably not get enough money to buy the item back. Do you need money and are you not attached to the article? Then you can also sell the article. This is possible at the pawnshop, but also through other channels. For example via Marktplaats. Often you will receive more than when pledging.

2. Advance securities

Do you own securities? Then it is possible to get credit with these effects as collateral. It does not matter what you spend the credit on. Often such a credit is used to buy new securities. Another way to get a loan with collateral is to take out a life insurance policy. This is only possible if the conditions of the life insurance policy state that the policy is to be granted. The credit can be obtained from the life insurance company. The amount that you can borrow is about 90 to 100 percent of the surrender value. You can withdraw the credit until no later than the end date of the insurance.

Benefit

  • Due to the collateral, the interest rate may be lower than the interest on a revolving credit or personal loan.

Disadvantage

  • The collateral will be worth less if the prices fall. The bank can then request you to supplement the collateral.

Flash credit

Via the internet or SMS it is possible to quickly borrow a small amount. You must repay these loans within a short period of time. For example, within two weeks. This loan is called flash credit or mini credit. Because of the short term, these loans did not fall under the existing legislation for loans. Providers made good use of this by charging high costs. This they called no interest, but treatment costs.

In the meantime, the law stipulates that a flash credit must meet the same conditions as other loans. All mandatory costs at closing must be converted into an interest rate. This may not be more than 14 percent per year. The providers of flash credit have therefore adjusted their offer. They now operate from abroad and now demand (extra) money for certain services, such as:

  • a guarantee
  • an advice about insurance
  • quickly transferring the money

These services may not be compulsory in theory, but probably necessary in practice. In that case, these types of loans are very expensive. In addition, the lenders charge hefty fines when you pay back late. Even if you are only one day late.

Suitable for:

  • Nothing

Do you need money in the short term? Then think carefully before you use such a flash credit. If it is really necessary, red is a less expensive option. For example, 150 euros will cost red, compared to 14 percent for 21 days, less than 1.50 euros. This is much less than the 25 euros that some parties ask for, for example, an urgent booking or a guarantee.

 

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Loaning money at low interest http://www.arprisoners.org/2019/02/05/loaning-money-at-low-interest/ http://www.arprisoners.org/2019/02/05/loaning-money-at-low-interest/#respond Tue, 05 Feb 2019 02:44:05 +0000 http://www.arprisoners.org/2019/02/05/loaning-money-at-low-interest/ Borrow money at low interest rates? It is now the right time for that. But how can you find the lowest loan rate? And how is it that the borrowing rates differ per type of loan? In any case, it is very wise to always compare several loans from different

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Borrow money at low interest rates? It is now the right time for that. But how can you find the lowest loan rate? And how is it that the borrowing rates differ per type of loan? In any case, it is very wise to always compare several loans from different lenders.

This can be done on the website Leningen.nl. Of course you do a good comparison in the first place on the basis of interest rates. It depends on various factors whether you can actually borrow money at low interest rates. These factors will be discussed later on this page.

Still borrowing money at low interest rates in 2017

You can rest assured. Because in all probability you can also borrow money in the last quarter of 2017 at low interest rates. We do see the interest rates in the meantime rising cautiously, but for the time being there is not much progress yet. According to economists, however, it is not the question whether the interest rates continue to rise, but especially to what extent this happens. The ECB has taken some decisions to promote inflation.

As a result, market interest rates start to rise again for the first time in years. Companies are encouraged by the ECB to start lending again and banks dare to take risks again for the first time in a while. It is also striking that investors dare to invest again.

Interest rates will certainly rise 100% due to higher policy rates in the US

The interest rates in the Eurozone also depend heavily on the policy rate in the US. The American umbrella of the central banks regulates this policy rate and has increased interest rates twice. The past teaches us that interest rates in the Eurozone (and ultimately also in the Netherlands) increase after a while.

Forecasts mortgage interest rates 2018, 2019 and 2020

The low lending rates are expected to end definitively from 2018 onwards. In the Netherlands, interest rates will then not drop any further, but will actually rise. Although future borrowers do not have to despair for the time being. The prognoses are still pretty rosy, as this will happen very gradually. The low interest rates in 2017 are related to the interest on the government loans. The ECB, this is the European Central Bank, buys government bonds and therefore the state itself can borrow money at low interest rates.

Buying these loans will soon come to an end. The interest rates on loans and mortgages will therefore rise again. In the Netherlands there is less competition between banks. The increase will then probably take place earlier than in Germany.

3 factors that determine the money borrowing interest

The development of interest rates in the Netherlands depends on 3 factors. On the basis of these factors, economists can predict what the interest rate expectation is:

1. Market interest rates.
2. Bank financing costs (related to total mortgage debt).
3. A lot / little competition on the mortgage market.

Where can I borrow money at the lowest interest rates?

At which moment can you borrow the cheapest money at the lowest interest rates? This question is not so easy to answer. Because lenders do publish the lowest interest rates, but what interest you owe to them depends on a number of factors. The low interest rates with a provider can be higher in practice if, for example, you already have debts or if your income is low. In any case, banks always charge a lower interest rate if you borrow more money. However, you are even cheaper if you opt for a small loan with the shortest possible maturity! For example, take out a personal loan and pay it back as soon as possible. The advantage of personal loans is that you can fix the interest. You do not have that advantage with the revolving credit.

Less benefits low interest rate with the revolving credit

Benefit from the historically low interest rates? In any case, no revolving credit. Yes, even with this credit you pay a low entry fee. But this is variable. This means that the interest costs of this loan may rise sharply in the future. The interest expectation for 2018, 2019 and 2020 (although the coffee grounds look) is still rosy, but what is certain is that the borrowing rates will rise from 2018 onwards. If you take out a cheap revolving credit now, you will only be paying more interest in the future.

Personal loan interest

Terminate a personal loan with a longer term to still benefit from the lowest loan rate! The advantage of this loan is that you can fix the interest. This loan is particularly attractive when you have to borrow a large amount. With a revolving credit it is uncertain what the future interest costs are. That interest is in fact variable. While with a personal loan the interest during the term always remains the same. Do you want to borrow money for a renovation? A new car? A new kitchen or bathroom? Close this cheap loan (still …) and have the certainty that you borrow money cheaply in the coming years.

Debt but borrow money? Always top off the loan with the highest interest first

We wrote for this that banks charge higher interest if you already borrow money. A loan is considered a debt, which means that you can borrow less money and pay a higher interest rate. Are you repaying several (small) loans but can you still take out a loan elsewhere? Then make sure that you pay off the loan with the highest interest first. This immediately gives you the most. For the other loans, you must continue to comply with the minimum monthly repayment obligations. Once you have paid off the most expensive loan, you will be left with monthly money to quickly repay the other loans.

Cheaper to borrow? Put end of fixed-rate period in your agenda!

Have you taken out a loan or mortgage in the past and is there a fixed interest period for this? This period will expire sooner or later. The bank will then make you a new proposal. We advise you to note the end of the fixed-rate period in your agenda. This way you can review your loan in time and start looking for a cheaper provider.

 

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Lelystedelingen can still take out asbestos loans http://www.arprisoners.org/2019/02/05/lelystedelingen-can-still-take-out-asbestos-loans/ http://www.arprisoners.org/2019/02/05/lelystedelingen-can-still-take-out-asbestos-loans/#respond Tue, 05 Feb 2019 02:41:05 +0000 http://www.arprisoners.org/2019/02/05/lelystedelingen-can-still-take-out-asbestos-loans/   In a previous message we already informed you about the so-called ‘asbestos loan’. With this special loan, residents of Lelystad can clean asbestos roofs if they can not finance the costs themselves. Some residents of Lelystad were unable to take out this special loan. Until recently then. Because it

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In a previous message we already informed you about the so-called ‘asbestos loan’. With this special loan, residents of Lelystad can clean asbestos roofs if they can not finance the costs themselves. Some residents of Lelystad were unable to take out this special loan. Until recently then.

Because it is now possible for them to apply for asbestos loans from the Netherlands Housing Stimulation Fund. This has been presented to the municipal council of Lelystad by the Mayor and Aldermen.

Borrow money for sustainable solutions

Both individuals and companies can apply for financing from the SVn (Stimuleringsfonds Volkshuisvesting Dutch municipalities) for sustainable solutions . In particular, many agricultural companies are obliged to clean up their asbestos roofs. But often the financial resources are lacking. Via the fund (SVn) they can conclude a special asbestos loan, so that the obligation can be met.

John van den Heuvel, Alderman of Lelystad, indicates that the municipality can not directly lend money to those involved. Because the law puts a stop to it.

Ten percent were not eligible for the loan

Lelystad members can still take out asbestos loans About ten percent of all residents of Lelystad are not eligible for the special loan and can not have their asbestos roof removed. This concerns about 70 households. According to calculations, these households are not in a position to repay the loan .

Alderman John van den Heuvel was given the assignment to come up with a solution for these households. Because they can not take out a loan, that the city council found unacceptable.

New conditions for custom-made loans

The solution is simple: A customized loan is taken out. For example, households who had difficulty with the repayment can opt for a longer term. They then have to pay less money each month.

Do you have an asbestos roof and are you a resident of the municipality of Lelystad? Then submit an application for an asbestos loan to your municipality. They will review your application and possibly forward it to the SVn fund. Another loan SVn the stayers loan .

 

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Loan Spotter http://www.arprisoners.org/2019/02/05/loan-spotter/ http://www.arprisoners.org/2019/02/05/loan-spotter/#respond Tue, 05 Feb 2019 02:36:26 +0000 http://www.arprisoners.org/2019/02/05/loan-spotter/ The website of lender Kredietspotter may look less reliable than the website of several other Dutch lenders. Nevertheless, there are thousands of private consumers every year who use the services of loan spotter. This organization is part of Ster Krediet BV and is registered with the Netherlands Authority for the

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The website of lender Kredietspotter may look less reliable than the website of several other Dutch lenders. Nevertheless, there are thousands of private consumers every year who use the services of loan spotter.

This organization is part of Ster Krediet BV and is registered with the Netherlands Authority for the Financial Markets. Ster Krediet BV itself is a smaller lender with a head office in De Goorn.

It is important to mention that Kredietspotter itself does not provide loan to consumers. This organization acts as an advisor, whereby Kredietspotter tries to find the cheapest provider of the requested loan. The loan spotter works with various Dutch lenders. Based on the proposals that these lenders make you, you will find the cheapest solution for applying for the loan you want.

Method of loan spotter

With a normal lender it is customary to submit your loan application online. Here you add a number of documents as proof of your financial capacity. In the case of loan spotter, you indicate the type of loan you are looking for and the amount of this loan and your current income.

On the basis of this information, the loan spotter makes inquiries with various Dutch lenders, who can then make an offer. You do not receive this offer yourself, but via this lender. The organization then looks for the cheapest solution and sends it to you.

Based on the free quote that Kredietspotter has sent you, you can agree to the proposal or continue to search further. If you agree, loan spotter will arrange the rest for you. Just as with a lender, you will also have to send a number of documents to prove that you can repay the requested loan within the specified repayment term.

Request different types of loans

loan spotter offers the possibility to apply for two types of loans: a personal loan and a revolving loan. It is strongly recommended to read in advance in the differences between the two loans. For example, a personal loan is particularly interesting if you want to pay for a one-off large expense. Think of the purchase of a new car, financing a renovation within your home, and so on.

With a revolving loan you can take out a new loan every month, with a certain maximum amount. If you regularly have a shortage of cash, this can be interesting. Keep in mind that you will have to repay part of the previously concluded loans each month, as well as the interest costs you have accrued. With a revolving loan you have a variable interest rate.

Not all loans in the picture

The services provided by Kredietspotter offer you various benefits. Keep in mind, however, that not all loans from the various lenders will be included in the comparisons. This can be considered as a disadvantage, because if possible you still pay a too high amount for the loan you have requested. It is therefore no problem to use an online comparison tool for comparing loans with lenders.

 

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