doofcentral.com http://www.doofcentral.com My WordPress Blog Mon, 10 Jun 2019 07:34:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.2 Auto loan: Assess Your Borrowing Capacity http://www.doofcentral.com/auto-loan-assess-your-borrowing-capacity/ http://www.doofcentral.com/auto-loan-assess-your-borrowing-capacity/#respond Mon, 10 Jun 2019 07:34:26 +0000 http://www.doofcentral.com/auto-loan-assess-your-borrowing-capacity/

Auto loan example for a total amount of € 1,000 repayable in 12 monthly installments of € 84.16 (excluding optional insurance). Total Annual Effective Rate (APR) of 1.85% (excluding optional insurance). Fixed debtor rate of 1.83%. No Service Fee. Total cost of the loan: 9.92 €. Total amount owed by the borrower: € 1009.92.

The monthly cost of the insurance Death-Total and irreversible loss of autonomy-Interruption of Work following Accident or Sickness-Loss of Employment under 65 years is 2,346 € is an Annual Effective Rate of Insurance (TAEA) 5.33% and a total amount due of 28,152 €, and is added to the monthly repayments of the loan. First due date between 30 and 60 days from the availability of funds, the monthly payments being taken on the 4th of each month. Offer valid until 07-07-2019.

Upon receipt of your complete file, NYI Credit can give you an answer in the 24h worked by SMS in the case of an acceptance, and by email in the case of a refusal.

1 Study conducted on the basis of a statement of rates made by Sémaphore Conseil, on the amounts of € 1,000 to € 3,000 and the maturities of 24 and 48 months.

 

A credit commits you and must be repaid

A credit commits you and must be repaid

 

Check your repayment capacity before you commit.NYI Credit is accredited as a credit institution – Investment Services Provider by the Prudential Control and Resolution Authority (ACPR, approval number: 16488).

The funding is granted subject to final acceptance by NYI after the study of your file. You have a right of withdrawal of 14 calendar days after the signature of the loan contract offer. If your file is definitely accepted, NYI will keep a number of your supporting documents for the duration of your contract.

 

The borrowing rates 

credit rate

 

You may exercise your right of access, rectification, deletion, portability to personal data about you, or oppose their use for prospecting purposes or limit the processing by contacting customer service by clicking here.

The borrowing rates (APRs) are fixed and vary from 0.75% to 17.90% and the duration of the loan is between 6 to 84 months

NYI: SA to Management Board and Supervisory Board with capital of € 1,151,773.

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Home Loans http://www.doofcentral.com/home-loans/ http://www.doofcentral.com/home-loans/#respond Sat, 01 Jun 2019 08:05:31 +0000 http://www.doofcentral.com/home-loans/

Home Loan or Mortgage Loan is a secured real-estate bank loan. The mortgage is placed when the owner decides his right to a property as collateral or collateral for a loan. The purpose of a mortgage loan may be: buying an apartment or a home, buying a shop, reconstructing (home / shop) or furnishing.

 

Mortgage loans have interest rates and are expected to depreciate over a period of time.

Mortgage loans have interest rates and are expected to depreciate over a period of time.

Mortgage loans are structured as long-term loans, periodic payments that are similar to an annual pension and are calculated according to the cash value formula on time.

There are two main types of mortgage loans: mortgage loans with a fixed and variable interest rate. The combination of a fixed and variable interest rate (fixed rate for a fixed and variable period after the end of this period) is also used.
For floating rate mortgages, interest is periodically determined on the basis of the market index.

 

Credit can be liquidated in various ways

Credit can be liquidated in various ways

But the bank currently offers liquidity of the loan through fixed monthly installments.
Monthly installments include the equity element (return on equity) and interest. The amount of capital included in the installment varies throughout the term of the mortgage loan.

 

The types of credit our bank currently offers are:

  • Mortgage Loans for Buying Real Estate
  • Mortgage Loans for Any Purpose
  • Mortgage Loans for Re-financing an Existing Loan Received at Another Bank

 

Targeted Client

loan client

The main target customers for this product are individual customers who want to buy a residential property.

As a condition to get a loan you should have a good history in the credit registry and good income.

The category of target customers follows:

  • Clients with a good history and good reputation
  • Customers with regular and stable income

In this framework, loans can be offered to families, young couples or young people who buy their first home, couples who buy a larger home or a second home, or a shop etc.

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The Future of Loans http://www.doofcentral.com/the-future-of-loans/ http://www.doofcentral.com/the-future-of-loans/#respond Fri, 26 Apr 2019 17:26:46 +0000 http://www.doofcentral.com/the-future-of-loans/

There was only one place in the past to go for a loan: a local bank. In 2015, we have a lot more opportunities to borrow credit, and a person-to-person loan can be binding on a large number of borrowers looking for bargains – in addition, individual lenders are also looking for investment opportunities. Experience shows that peer-to-peer companies such as the IP Lending, PP Lending and Smile Lending are currently gaining demand and popularity at a rate that doubles their loans every 9 months. So what is the nature of peer-to-peer loans?

 

What is Individual Lending?

What is Individual Lending?

Peer-to-peer ( P2P ) lending takes place outside the banking and non-bank lending system, using algorithms that bring borrowers and investors together, based on each party’s requirements. These types of lending companies have only a few rules, because they are not banks – they act as mere intermediaries between borrowers and lenders, so fees and interest are lower. As the data show, last year Americans borrowed and lent $ 6.6 billion in this way.

 

What are the benefits of borrowing?

Borrowers with good or excellent credit history have the ability to get credit at a more competitive rate than banks offer. This aspect is particularly useful for credit consolidation – as IP Lending data show, borrowers who consolidated their loans recognized that they had paid about 7% lower interest payments after consolidating their loans. However, it should be remembered that credit consolidation does not always have the same results – the borrower has to implement several changes in his lifestyle so that he can make monthly and full credit payments. Also on this issue, individual lending companies can help. What other benefits does this type of lending have? Some companies are engaged in borrower profiling to build credibility and worthiness, including, for example, the borrower’s credit rating, work experience, education, and social networking activities. It should be noted that the entire application process is much more modern than in the case of other loans, for example, the potential customer has to fill in much less documents and the confirmation of the loan is obtained (or not received) within 2 days.

 

What are Individual Loans?

What are the benefits of borrowing?

In short, they are everyone. Faced with the stagnation of interest rates on permanent deposits, investors are looking for new ways to profit or diversify their investment strategy, or reduce risk by investing in different assets. For most individuals, the loan repayment period is only a few years, so they provide a quick return on investment without stopping the flow of funds for a long period of time. It should be noted that the only disadvantage of this type of lending is the relatively high risk, which is why potential lenders have to carry out thorough research before lending – fortunately, there is a possibility in this lending market to diversify their investments into several hundred borrower loans.

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How To Choose The Best Consolidation Loan? http://www.doofcentral.com/how-to-choose-the-best-consolidation-loan/ http://www.doofcentral.com/how-to-choose-the-best-consolidation-loan/#respond Fri, 19 Apr 2019 19:14:09 +0000 http://www.doofcentral.com/how-to-choose-the-best-consolidation-loan/ The simplest answer to the question asked in the title is, of course, “compare”, but the credit offer is so diverse that it is not easy. The identification of criteria for which such a comparison should be made can take a long time, so as a convenience I suggest reading this not too long article.

 

The amount of the loan

The amount of the loan

The amount of credit is more than just a criterion in itself, because it also defines which collateral the bank will require to guarantee the repayment of the loan. The products on which sales to banks depends the most, are mortgage consolidation loans, that is, for large amounts and secured by a mortgage burden for the bank. Smaller amounts can be secured in many different ways and the only limitation here is the bank’s policy. As it is not difficult to guess, individual banks accept different solutions, and the lower limit of the loan amount is also set differently. Basically, if you want to consolidate expenses below PLN 10,000, it will be difficult to find a bank that will offer attractive terms for such restructuring.

 

The cost of the loan

The cost of the loan

Consolidation loans in their assumptions do not differ from any other loan, but in some specific cases additional costs may arise. For example, there are situations in which loans with a fairly large fee for early repayment or risk arrears, such as payday loans, are subject to consolidation. There are some separate legal regulations developed for consolidation loans that may affect their cost. This is not a suitable place to discuss details, but it is worth going to a bank branch after a detailed valuation and not just to use the online calculator. The latter are the power of things with simplified tools and do not always allow to obtain a reliable result.

 

Balance of costs and repayment time

Balance of costs and repayment time

Similarly to the lower limit of the loan amount, also the shortest possible repayment time was set high in most banks. The idea is that at this time, at a lower annual interest rate, the bank managed to earn not only to cover its own costs, but also to make a profit. It must be remembered that the reduction of the monthly installments takes place at the expense of the loan price increase in the overall approach. In short – the longer the mortgage, the less impressive are the savings – the monthly installment will be reduced, but the total amount to be repaid may increase at an equally impressive pace. Therefore, all steps should be taken to correctly estimate your options for repayment of monthly obligations and to consolidate loans in such a way that the monthly installment is as high as possible. It sounds paradoxical, but such a consolidation loan will cause the smallest losses.

 

Do you believe opinions?

Skepticism when reading credit opinions online is really recommended. The only benefit that can be derived from this is the knowledge about the most common problems. Positive opinions should be approached with a large reserve, and to “credit review” with caution, yes, the information obtained in this way may be helpful, but the basic principle of the borrower – and this applies to all loans, not only consolidation – is that the only way to find the best loan, learn everything at the source and verify the found reviews many times.

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You Can Also Take Out A Loan Via The Internet http://www.doofcentral.com/you-can-also-take-out-a-loan-via-the-internet/ http://www.doofcentral.com/you-can-also-take-out-a-loan-via-the-internet/#respond Tue, 16 Apr 2019 07:34:42 +0000 http://www.doofcentral.com/you-can-also-take-out-a-loan-via-the-internet/

For some time, banks have also been active in the short-term financing segment. Some of them, such as loan companies, allow you to go through the entire credit procedure without visiting the branch.

For years, the market of short-term loans was created only by companies from outside the banking sector. It resulted from the model of action adopted by them. Unlike banks, non-bank institutions have focused on a different niche. The recipients of their services have become people with lower creditworthiness or on its border, with irregular income and therefore more risky from a business point of view.

 

A prospective online loan market

A prospective online loan market

However, the biggest difference between the strategy of banks and loan companies lay in how much and for how long the consumer could borrow them. Banks sent back with a receipt (and in total they are still doing so) customers interested in low-value loans for a few dozen, because due to legal restrictions on such products they earned less than on longer-term loans.

With time, other arguments began to appeal for the choice of loan institutions. You can try for a minute without leaving your home. It is enough to have equipment with internet access, a bank account, a mobile phone and an e-mail account. Formalities in such companies boil down to the minimum, that is filling in the form and sending a verification transfer. Under certain conditions, the consumer may receive the funds on the same day.

All this meant that the fast loans market began to grow dynamically. After some time, installment loans with an annual repayment date appeared on the offer of loan companies. Today, the turnover of such entities is estimated at over PLN 5 billion, and their customer base has 1.5 million people.

 

Short terms of loan repayment online

Short terms of loan repayment online

Increasing burdens and shrinking profits prompted some banks to change their strategies. Today we will take credit via the Internet for a short time, among others in VCA Bank (minimum repayment period is 3 months), VG Finance (3 months), IBS Bank (3 months), SMI Bank (6 months) or BBI Bank (6 months).

The application is submitted online by completing the form on the institution’s website. The initial decision is issued within a few or several minutes after sending the application. Later, you need to send a verification transfer to the indicated account. The contract is also concluded via remote channels or through a courier.

Attention! Some banks granting loans online, such as VG Finance, make this option available only to those who open a personal account with them, which slightly detracts from the attractiveness of the offer. Such an account entails additional costs.

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