What is a Loan?


A loan is a monetary loan which is repaid in current payments over a specified period. Long-term loans usually last between one and ten years, but can last as long as 30 years in some cases. A loan usually involves a raised interest rate that will add additional balance to be repaid.

Long-term loans

Long-term loans

Long-term loans can be granted on an individual basis, but are often used for small business loans. The ability to repay over a long period of time is attractive to new or expanding businesses as the assumption is that they will increase their profits over time. Long-term loans are a good way to quickly increase capital in order to increase a company’s delivering capacity or reach. For example, some new businesses may use a loan to purchase company cars or rent more space for their activities.

Student loans – Short-term loans

Student loans - Short-term loans

Some student loans are mainly short-term loans. In the United States, Stafford Loans are often offered to college students as a means of paying tuition and living expenses. This loan is unique in several ways and can be very beneficial to the students. Part of the loan can be supported so that interest does not accrue while students remain in school. Students are also typically given a six-month grace period after graduation before you begin repayment.

One thing to consider when getting a loan is whether the interest rate is fixed or floating. A fixed interest rate means that the percentage of interests will never increase regardless of the financial market. Low interest periods are usually an excellent time to take a fixed rate loan. Liquid interest rates will fluctuate with the market, which may be good or bad for you, depending on what happens to the global and national economy. Since some loans last for 10 years, betting that rate remains constant low is a real risk.

Also, consider whether the loans you are looking at are using interest rates. If it does, the amount of interest will periodically add to the borrowed amount principle, which means that interest stays higher the longer term lasts. If the loan does not use the interest rate, check to see if there is any penalty for early repayment of the loan. If you get an unexpected or surplus rise spectacularly, you may have to pay your entire balance before it is due, preventing you from paying extra interest by waiting for the loan’s term to end.

Some lender institutions offer a wide range of repayment plans for your loans. Usually, you can choose to pay your debts even in amounts, or the amount you pay will gradually increase over the loan period. If you expect your will be more financially capable of repaying in the future, opting for a step-by-step increase can help you and you save interest. If you are unsure of your future monetary position, maybe even payments help prevent defaulting the loan if it goes bad.

Choosing a loan may be in your best interest, depending on your situation. Beware of extremely long repayment periods, which generally, the longer term, the more you will owe because interest rates have accrued over a long period. For more information, contact a financial advisor or talk to your bank about the loan options they provide.

Quick Payday Loans, or How to Quickly Improve Your Budget

A sudden expense, illness, necessary repair or repair, mean that we need more funds in a short time. Without our own savings, we are forced to look for their external source. How to get cash quickly? Is a quick loan equally available to everyone?

Their savings

Their savings

Over the years, We have been on the gray end of the statements regarding the amount of savings held by other European nations. Currently, mainly due to the 500 plus program, this has been significantly improved. At the beginning of 2017, according to research, as much as 68 percent. We had any savings, while in 2016 it was only 43 percent. For comparison, in the Benelux, Great Britain, France and Spain, savings account for over 70 percent. society. Between us and the inhabitants of Western European countries, there is no such large chasm.

Having savings, however, is not a guarantee that we will not have to resort to external sources of financing. If we put money back on traditional deposits or in government bonds, we can not use them freely.

Rescue for the household budget and a way to quickly replenish it can be a payday loan . A quick loan via the Internet is granted in a very short time – in favorable circumstances it can be obtained even within a few minutes from the moment of applying for a loan. How is such a quick loan granted?

Mechanism regulating quick loans

Mechanism regulating quick loans

The vast majority of loan companies now offer quick online loans that can be made without the need for a personal meeting with a loan adviser. A quick payday is provided directly to the customer’s bank account in a non-cash form, and when it is taken, only the minimum conditions required by a non-banking company must be met.

A wide range of clients who use quick cash in the form of cash loans emphasizes that such a solution is simply convenient. Compared with a bank loan, you can get quick loans online in a much shorter time, and the potential borrower completes only the minimum of formalities. Usually they boil down to filling out an electronic application for a loan, together with a declaration on the amount of monthly income received and their source, and also to make a verification transfer for a symbolic amount of € 1 or € 1.

Loan companies before issuing a loan decision generally check the credit history and current status of the customer in Retrodatabase, and other databases. If a person does not appear in them as a debtor defaulting on the repayment of a high loan or loan amount, he or she will most likely receive the desired loan.

How much does fast cash cost?

How much does fast cash cost?

The terms of the online loan must be indicated in the information form and in the loan agreement that the customer concludes with the loan company. Each loan granted in Poland for an amount of up to € 255.550 will be treated in the light of the applicable law as a consumer loan. For this reason, borrowers have certain rights, for example, to resign from the loan within 14 days of concluding the contract, without providing any reason and incurring any costs.

Pursuant to the amendment to the Consumer Credit Act of March 11, 2016, the maximum interest rate on loans and credits has been set. It can not be higher than twice the sum of the reference rate of the National Bank and 3.5%. Currently, it gives 10 percent. on a yearly basis.

All non-interest costs of non-bank loans and bank loans are also subject to limitation. Non-interest costs can not exceed the sum of two components: 25 percent. loan amount (fixed part), and 30% loan amount (variable part) depending on the duration of the loan period.

Security of the borrower

Security of the borrower

By taking out an online loan, you do not have to worry about lenders charging you with high interest or other costs associated with such external financing. If this happens, the consumer can effectively enforce his rights in court and even take out a free loan if the court so decides. However, the vast majority of loan companies that are entered into the Register of Loan Institutions maintained by the  Financial Supervision Authority, restrictively take into account the mentioned guidelines on loan costs.

Fast loans without payroll of Italian post offices


If you are looking for a micro loan to get fast enough even if you do not have a paycheck, Postal service Italy has thought of you with cash post pay. It is a mini loan, for amounts starting from 750 euros and up to 1,500, which can be requested at the authorized Group’s post offices. Just fill out your application and provide all the necessary documents, at no cost for the practice and in total safety. But let’s take a closer look at the product, examining its characteristics and conditions and how the interests are calculated for the different amounts of the amount that can be requested.

Cash post pay features and requirements


First of all, to request the micro loan you need to be the holder of a Post pay rechargeable credit card on which the amount of the loan will then be paid out as if it were a common recharge. The loan can be granted for three different ranges of amount, or “top-up plans”: 750 euros, 1,000 euros and 1,500 euros. For each of the three top-up plans, a repayment period of 15, 20 or 24 months, respectively, is provided for 15, 20 or 24 installments to settle the debt.

There are no costs of preliminary investigation and collection of the installment but there are specific monthly costs different according to the amount of loan provided: ranging from 4.50 euro per month, the cost for the repayment plan of the “15-month” charge, and you get to pay 9 euros a month for the micro loan of 24 months.

Calculation of interest and repayment

The amount of the installment will be 54.50 euros for the top-up of 750 euros; 56 euros for the loan at 1,000 euros, and 71.50 euros for the highest recharge expected, that of 1,500 euros. For the three different recharge plans we will have a Taeg of 18.21%, 16.51% and 15.46% respectively.

The Taeg is certainly not the most favorable while there is no Tan since the calculation of interest is calculated differently. In short, the amount disbursed is redeemed for the months of the repayment period, amount to which is added a monthly fee equal to 0.60 of the capital provided.

Only on the first installment, the stamp duty required by law, equal to 16 euros, is added. Another 2 euros are required to send the only periodic communication on transparency. In a nutshell for the 750 euro top-up, to be returned in 15 months, € 835.50 must be returned. For the 1,000-euro top-up, to be repaid in 20 months, 1,138 euros will be returned and for the 1,500-euro top-up, to be repaid in 24 months, the interest amounts to 234 euros, for a total sum to be repaid equal to 1,734 euros.

The product can be requested at the offices of the authorized post offices, it does not require a guarantee at the time of signing the loan and the sum paid can then be returned via postal order or current account. cash post pay can be asked by both Italian citizens and foreigners; both first and second must present a certificate of income in addition to identification documents, passport or residence permit for foreigners, identity card and health card for Italians.

Without Paycheck

Loan without paycheck does not mean that it is granted in the absence of a demonstrable income. access to credit without having an income, a salary for an atypical job or other, is clearly impossible, especially in the absence of external guarantees required at the time of subscription.

Loan without a paycheck simply means obtaining it even if you do not have a paycheck, “prerogative” we say of employees and similar. Banks, financial and even Poste to intercept the needs of the market share of atypical, professionals, VAT, establish more or less substantial funding for those who earn income but with documentation that certifies it different from the paycheck, think for example at the CUD.

Consider, for example, a salary, with accreditation in the bank, for ongoing collaborations, for seasonal contracts, for workers in layoffs. All types of workers who have an income but not a paycheck and who at the end of the year still hold a document certifying their income, on which they pay taxes, and can therefore obtain a personal loan “without payroll”.

Urgent online loans to solve your problems

To apply for an urgent online credit, few requirements must be met:

  • Be of age
  • Have a bank account and address in Spain
  • Submit the DNI / NIE
  • Have a mobile phone
  • Indicate how much money is earned each month, some private equity companies do not apply for a payroll, but it is necessary to have some type of monthly income

If you are included in a list of defaulters, do not despair, at present, many private credit companies accept clients who are on these lists. However, there are conditions for this. The majority will not accept clients whose debt has been contracted with a bank and many of them have a limit amount on the debt that can be between 1,000 and 2,000 euros.

When making the request, the prospective client will be asked to give their consent to access their online bank or to consult their private financial data. This is done to check the average income that the person has, the debts that could have and the ability to meet the payment of the amount borrowed in the agreed time.

Fast online credits are easy to request and comfortable, for that reason you should keep in mind that this credit must be returned, it is not money that is received easily and it is already. In this way, applying for a loan is buying money and we must be sure that we can deal with that purchase, otherwise the future problems may be worse than those present. In general, private equity companies do not lend money to people who have not been able to return a loan to another entity.

Loans for young people between 18 and 21 years old

Many private equity companies consider 21 years of age to be of legal age and do not grant loans to people who, even if they are legally of legal age, have not reached this age. But there are others that do and are a great relief for students who need money, for entrepreneurs or for any young person. However, in the same way as adults, you should go to fast credits with responsibility and not to live on them. It is necessary to return that money, so it will be necessary to consider if it really is an economic emergency that can not be resolved in any other way.

It must also be borne in mind that, in the case of not being able to return the money on the established date, it is possible to request extensions. You pay a little more but you do not get a debt and you can ask for a loan once the previous one is settled.

The requirements to apply for a fast online credit between 18 and 21 years are the same as for older people:

  • Reside in Spain
  • Submit the DNI / NIE
  • Have a mobile phone
  • Have a bank account
  • Show that you have stable monthly income of any nature to be able to cope with the debt. The amount of money borrowed will depend on the income that is counted

What is a Loan Agreement?


Loan Agreements?

Loan Agreements?

Loan agreements are binding contracts between a lender and a debtor, specifying the terms and conditions governing the extension and repayment of the loan. Most jurisdictions have specific laws and regulations that commercial lenders must adhere to to provide loans to individuals, businesses, and other organizations. The main purpose of a loan agreement is clearly to define what both parties agree on in terms of establishing co-operation and what responsibility each party undertakes to perform for the duration of the loan.

In many countries, the establishment of a loan agreement must meet standards set by national and local laws. This scheme is usually for the benefit of both the lender and the debtor. Compliance with rules makes it possible to seek legal redress in the event that one party fails to comply with its commitment. Although this is often interpreted to mean the protection of the lender in standard situations, the terms of a standard loan agreement also provide the debtor with legal rights and protection, the lender must fail to maintain the terms of the loan.

There are a number of issues that are addressed and defined even in the simplest of loan agreements. In addition to the amount lent to the debtor, full contact information for both the lender and the debtor is included. Any fees as well as the applicable interest rate are also indicated, which makes it possible to determine the final cost of the loan. The maturity is also defined and how the interest rate is applied. Agreements usually identify any sanctions that might be involved in paying off the loan ahead of schedule. Finally, the rights and responsibilities of each party in the event of default or failure of the lender to provide all the services specified in the text of the loan agreement.

Along with these basic provisions of the loan agreement, there may be other provisions required by national and local laws. If the loan agreement applies to a syndicate loan, the agreement will include security and facility agent information as well as the voting privileges extended to lenders. Other types of loan agreements may include information on securitization and the related procedures and regulations, as well as language provisions, waivers, and any other elements required by the current rules.

In many cases, rules on the structure of a loan agreement made focus on loans granted by banks, company companies or loans from one business entity to another. With personal loans between two people, the requirements cannot be so extensive. This means that a simple loan agreement between two private citizens may or may not be as long or as detailed as agreements made by commercial lenders.

Nevertheless, it is often a good idea to follow the rules of commercial loans when entering into a private or personal loan agreement. By doing so, the rights and obligations of both the debtor and the creditor are defined in a way that makes it easier to pursue damages in case one party fails to meet his or her obligations. There are templates available for the preparation of a personal or private loan agreement that can provide the basis for the text and help the individual to ensure that all relevant issues are addressed and understood by both parties.