Loan calculator – Find cheap loans online.

Loan calculator – taking personal needs into account

Loan calculator - taking personal needs into account

With a loan calculator to determine the cost of a loan. Calculating a loan only takes a few moments with this tool. This gives you the opportunity to quickly analyze a loan. Of course there are many factors that influence the decision for or against a loan. With a loan calculator you can compare these factors in a relatively short time. In many cases, a loan calculator is not just a mere interest calculator.

In addition to the loan comparison, it also allows you to calculate your individual terms (taking your creditworthiness into account). To do this, the loan calculator must of course be coupled to a corresponding database, which provides the information to calculate various loans and then compare them. Ideally, the results are output in a clear table.

How does the loan calculator work?

How does the loan calculator work?

The loan interest calculator is a program that you can find on the Internet. Accordingly, you can operate these loan calculators online, which means you do not have to download or install any software or the like. Loan calculators can be used flexibly. If you know the interest, the loan amount and the term of your loan, for example, you can quickly determine the total costs and of course the monthly installment. You can also start with the rate.

You use your desired rate and your desired amount and quickly learn how high the loan amount can be at such a rate. If you change the term of the loan, the loan amounts will of course also change. The loan calculation is very simple. Entries such as loan amount or loan duration must be made in the corresponding fields. Depending on which fields you leave blank, the loan calculator then determines the missing data and fills in the corresponding fields.

  • Click the “Compare” button in the loan calculator
  • Choose a loan amount of 500 to 100,000 USD
  • Select duration from 12 to 120 months
  • Optionally enter use for real estate, house etc.
  • Click on the “Recalculate” button
  • Select offer & send application

The use of our computer is basically possible without registration. With us you do not compare the offers of the Sparkassen and Volksbanken. The loan offers relate primarily to private credit institutions.

The loan calculator helps you compare the costs and finances of your loan. This gives you the opportunity to find cheap installment loans as well as private loans.

How much credit can I afford?

How much credit can I afford?

How much credit you can really afford depends primarily on your income and age. If you have an above-average income, there is a possibility that you will receive a high loan. However, your monthly expenses also play an important role here. The following questions arise:

  • Do I have a secure income?
  • Do I already have an ongoing loan?
  • How much money does it take each month to maintain my current and desired standard of living after all deductions?
  • What is my equity?
  • Can I also afford special repayment offers?
  • How old am I when the loan is paid off on schedule?

What do I really pay?

What do I really pay?

When you take out a loan, you enter a fixed interest period. This means that you are bound to the loan terms for a period of around 5 to 15 years. Should the interest rate improve in the next few years, this will result in a cost disadvantage for you. In contrast, you benefit from a long fixed interest period when interest rates rise. Your monthly repayment rate changes. If you want to use offers with special repayment, this means that you have paid off the loan for your new car or new house more quickly.

Is there a loan calculator without a Credit Bureau query?

Our loan calculator is fundamentally Credit Bureau neutral, so there is no query about your personal creditworthiness in the price comparison. Your creditworthiness is only checked when you apply for a loan from the respective bank. Basically, it is good if you do not realize your new property or your new investment project without equity. Your contributed equity gives the banks a certain amount of security when granting a selected loan. This applies above all to the self-employed.

Guide to loans for bad payers with sale of the fifth 2017

Loans for bad payers 2017

Loans for bad payers 2017

Obtaining funding in the current climate of economic crisis and job market precariousness is not easy. The picture becomes even more difficult if the applicant has had problems in repaying previous loans, that is, if he is registered in the register of so-called ” bad payers “. Subjects who, however, can resort to loans for bad payers with assignment of the fifth.

Before talking about the conditions applied to loans for bad payers with assignment of the fifth, however, it is necessary to take stock of who the bad payers are. Unlike what one might think, in fact, the status of bad payer is a condition that can be reached even by delaying the payment of some installments.

Finding oneself registered in SIC databases as bad payers is in fact simpler than many believe. Not to mention that the report remains for some time.

The inscription of a name in the lists of “bad payers” can last up to three years from the moment in which the financing ends. The bad payer status determines, in the eyes of the paying agencies, a high probability of insolvency and this determines, in most cases, the rejection by banks of the application for funding.

SIC data registration and deletion

SIC data registration and deletion

But how does reporting in SIC databases take place? Banks and financial institutions send to the Italian SIC (Credit Information Systems) databases every month. Data concerning both loan applications accepted by the institutes and those rejected and withdrawn. Obviously, in addition to the requests, the data communicated to the SIC also concern the reimbursement of the credit lines in progress.

Once transmitted, the data remain in memory for a certain period of time, depending on the type of signaling. Specifically, the following storage times are foreseen.

  • 6 months in the event of an application for funding being evaluated;
  • 1 month for loan applications waived or refused;
  • 36 months for loans that have been repaid regularly;
  • 12 months for delays related to 1 or 2 monthly installments;
  • 24 months for delays concerning 3 or more monthly installments;
  • 36 months for loans not repaid or presenting serious default.

The data recorded in the SIC databases therefore not only concern loans that show irregularities in the payment of installments, but also those that have been repaid regularly. A fact that we must take into consideration when we go to deal with the issue of deletion of SIC data.

The deletion of positive data is always possible and can be requested free of charge by contacting the bank or financial company with which the loan referred to has been contracted. Alternatively, you can request cancellation by contacting the company that deals with the management of your SIC data (the main one in Italy is Global company).

Instead, the question for the negative data is different. Once retention times have elapsed, negative data is automatically deleted. Consequently, it is not necessary to request cancellation, which in any case cannot take place before the storage period has elapsed.

The assignment of the fifth

The reason why lenders are unwilling to lend to those who are reported as bad payers is obviously attributable to the fact that this person is considered unreliable. This is why bad pay loans usually involve higher interest rates than those applied to traditional personal loans.

Despite the difficulties highlighted, there is also a solution for bad payers and foreclosures: bad pay loans with assignment of the fifth. Let’s find out the characteristics and especially how to get them.

Who can get them

Who can get them

The distinctive element of these financial products is the transfer of the fifth. It is a type of financing that provides for the withholding of the monthly installment, which cannot exceed a fifth of salary or pension. The beneficiaries are in fact employees, preferably if they have an open-ended employment contract, and retirees.

However it is necessary to specify that not all retirees can obtain loans for bad payers on assignment of the fifth. The holders of the following social security benefits do not have access to this type of financing.

  • civil disabilities;
  • allowances for pensioners;
  • pensions and social allowances;
  • income support allowances;
  • family allowances.

Recall that for pensions with joint ownership, the transfer of the fifth can be granted only for the share pertaining to the applicant.

How the refund takes place

How the refund takes place

Now that we have seen who can get loans for bad payers with assignment of the fifth, let’s move on to the question of repayment. As the name suggests, the amortization installments are not paid by the beneficiary, but reduced at the source.

The installment is therefore retained by the monthly benefit (salary or pension) by the employer or by the social security institution and is paid to the lender. The sums provided cannot exceed 60 thousand USD, while the repayment plan can reach 120 monthly installments.

If the customer can count on a fixed-term contract, the duration of the latter must be greater than the loan amortization plan. In any case, the applicant will go to take out an insurance that will protect the provider in the event of death or loss of the client ‘s job.

If the beneficiary of the loan is an employee of a private company, the insurance company can claim other requirements that affect the company (type of company, number of employees, etc.). Not only that, from the point of view of the requirements, the employee could be called to provide the accumulated severance indemnity.

The installment remains the same for the entire repayment period and can never exceed one fifth of salary or pension, this means that the amount provided to the customer depends directly on the monthly allowance received. If the beneficiary is an employee, his employer, who is in charge of retaining the installment and paying it to the chosen bank or financial institution, cannot oppose the process of transferring the fifth.

The best offers 2017

The best offers 2017

But who makes loans for bad payers with assignment of the fifth? The assignment of the fifth is one of the most popular loan solutions in our country. There are therefore many banks and financial companies that provide loans against the assignment of a fifth of the pension or salary.

Among the most advantageous offers of the moment we find loans for bad payers with the sale of one fifth of Findomestic. A promotion is currently underway which entails the granting of a loan of 13 thousand USD.

Sum that must be repaid with an amortization plan that extends for 120 months. The monthly installment to be paid is 144 USD, while the interest rate (Tan) is fixed at 5.95%. The Taeg instead stood at 6.11%.

As regards the offer reserved for pensioners, Findomestic offers a loan on the sale of the fifth with an amount equal to 12 thousand USD to be repaid in 120 installments of 136 USD each. Tan and Taeg are fixed at 6.46% and 6.65% respectively.

Also very interesting is the offer by Compass which provides loans on the sale of one fifth of the salary or pension with amounts that can even exceed 75 thousand USD. There are no brokerage fees and pensioners can access credit even over 70 years.

For more information on loans based on the assignment of the fifth, please visit the specialized portal cession-quinto.com.

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