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Merge loans – Instantly borrow money, honestly and responsibly.

Merging loans can save you a lot of money. If you are going to take out a loan, it is therefore wise to immediately look at your other current loans. Do you often have a debit on your checking account? Do you pay per month at the Wehkamp and your credit card? Then chances are that you have done a lot in the past to borrow money quickly. Or at least lend to money easily. Unfortunately, this is not the cheapest way to borrow money. Did you know that you have to pay up to 14% interest on these expensive loans? Combining your loans can be the solution.

Merge loans

Personal loan Revolving credit Mini Loan
From 4.1% From 4.4% Maximum € 1500
Fixed interest variable interest No BKR assessment
from 21 to 69 years from 21 to 69 years from 21 to 70 years old
Payment within 2 days Payment within 2 days Payment within 24 hours
Apply for a personal loan Apply for ongoing credit Apply for a mini loan

Merging loans has several advantages. In addition to the advantage of saving a lot of money, you also create more overview when merging loans. All loans under one roof and also at a lower monthly installment and a lower interest rate. This sounds simple, and often it is. In addition, they have an AFM license and are obliged to act in your interest. Including loans does not cost you any money. The advice on borrowing money is always free. Of course it is always wise to request multiple quotes. Comparing loans can save you even more.

Merge loans? What do you have to pay attention to?

Merge loans? What do you have to pay attention to?

Merging loans as indicated is actually quite easy. There are 2 things you should really pay attention to. That is firstly the interest rate, and secondly the total costs for the loan. If you keep a close eye on this, not a whole lot can go wrong. These two elements determine what your loan would ultimately cost you.

Merge loans with BKR registration

Merge loans with BKR registration

Borrowing money without BKR testing is of course difficult. This is no different with merging loans. Yet there is one big advantage nowadays. And all thanks to the AFM. If you wish to transfer your loan with a negative registration to the same bank. Then the bank is nowadays obliged to cooperate in this. It is not that they are required to make your loan more profitable. But they must at least think along with you. If the bank does not cooperate, they must have a clear reason for this. Including the loans is not an obligation for the bank. It is sufficient if they only take advantage of a more advantageous transfer of the loan with them.

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Residual debt – Immediately Borrow Money

If you have a residual debt, you can choose to finance it. But what is a residual debt and how do you calculate it? Discover our tips on financing your residual debt and how you can prevent it in the future.

What is a residual debt?

What is a residual debt?

 

Unfortunately, it often happens that we cannot sell our house at a profit. This creates a residual debt. In the Netherlands, 1 in 6 people has a residual debt, with an average value of 35,000 euros. The residual debt is therefore the negative balance that remains when you have sold your house. With the sale, it was not possible to overlap the debt amount of the mortgage with the amount that you had for your home.

Residual debt financing

Residual debt financing

 

Residual debt financing is becoming increasingly popular and more and more lenders are going to offer this. In this way, financing a new home becomes possible, despite the fact that the old home has not yet been repaid. There are two different ways in which you can finance the residual debt.

Withdrawal in new mortgage

The moment you take out a mortgage for your new home, you can choose to automatically finance the remaining debt in the new mortgage.

Consumer finance

In addition, you have the option of financing the residual debt through a revolving credit or a personal loan. Of which people opt for a personal loan in most cases. Are you not buying a new home but are you going to rent a home? Even then you can finance the remaining debt with a loan.

Best choice: personal loan

The best choice in your case will of course depend on your personal situation. But in general we prefer to take out a personal loan. The advantage of taking out a personal loan compared to a revolving credit or mortgage is that you know exactly where you stand. You borrow the amount you need to finance the residual debt on a one-off basis. You then pay a fixed monthly amount in repayment. In addition to knowing every month how much you have to pay, you also know exactly when you have fully repaid the loan

Calculate residual debt

Calculate residual debt

 

How do you calculate the amount of the residual debt? You do this by taking two factors into account: the selling price of the home and the amount of the corresponding mortgage. The residual debt is the difference between the selling price of the home and the (remaining) mortgage debt.

Example calculation

Suppose you have a townhouse with a mortgage of € 300,000. You then sell it at a loss for € 250,000. Then the remaining debt is: 300,000 – 250,000 = € 50,000.

How long to pay in residual debt?

How long to pay in residual debt?

 

The term of a loan that you take out for the residual debt depends on three factors.

1. Amount of the residual debt

The amount of the residual debt is different in every situation. This depends on the loss that you suffer on the sale of your property.

2. Monthly payment of the loan

Of course it is nice to have repaid the loan as quickly as possible. You can choose to set the monthly amount as high as possible. Please note that it must remain feasible to repay this amount every month. You want to prevent you from incurring a payment arrears on the loan because you have set the monthly burden too high.

3. Amount of the loan interest

If you opt for a personal loan, you pay a fixed amount each month on the outstanding debt. Part of this is interest payment, the amount that remains is repayment. The higher the interest, the less money remains each month to pay off the residual debt. In this way, a higher loan interest rate ensures that the repayment of the residual debt takes longer.

Remission of residual debt

Remission of residual debt

 

If you have purchased a house that falls under the National Mortgage Guarantee (NHG), you may be eligible for cancellation of the remaining debt. This is only possible if you cannot finance the residual debt in a new mortgage or take out a loan for it. You are also only eligible for the cancellation if you had to sell your house and you have done everything to limit the loss.

Interest deduction residual debt financing is canceled

Interest deduction residual debt financing is canceled

 

From 2018 the interest deduction for financing the residual debt has lapsed. This makes moving with a residual debt more expensive. A call has been made for the retention of the interest deduction, but unfortunately this has definitively lapsed. It was a temporary crisis measure. Only the residual debts that arose between 28 October 2012 and 31 December 2017 are eligible for interest deduction.

Prevent residual debt

Prevent residual debt

 

Of course you do not have a lot of influence on the selling price of your house. However, the amount of the residual debt can be steered yourself. You do this by paying extra during the term of the mortgage. With these extra repayments you reduce the mortgage debt.

It may be that the extra repayment may not always be free of charge, or that there may be a maximum amount per year. In that case you can choose to put the money aside and when you sell the house you can reduce the residual debt or even be able to pay with it. Always keep an eye on the changes in the regulations concerning this topic. Politicians sometimes want to implement legislative changes that may also apply to your situation. If you don’t feel like investigating this yourself, you can always ask a consultant for it. They are aware of all the latest legislative changes.

Tips for financing residual debt

Tips for financing residual debt

 

  • Ask a real estate agent to paint a concrete picture of the expected return on your home. This way you can prepare yourself for any residual debt.
  • Repay residual debt with savings. You may have chosen to save some extras when there was room for that. You can do that money now
    to finance the residual debt.
  • Pay residual debt from a loan. By taking out a revolving credit or personal loan, you do not have to use your own savings directly to finance the residual debt. By paying off the loan every month, you still pay off the remaining debt in installments.

Arrange residual debt financing on time

Arrange residual debt financing on time

 

It is extremely important to have the financing of the residual debt on time. Arrange this before your home is transferred to the new owner at the notary. At that time, the entire mortgage, including residual debt, must be repaid. If the money for this is not yet available, then the property cannot be transferred either. This has financial consequences for you as a seller.

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Loan or shares for biotech company?

For companies it is often a question of whether money will be borrowed or whether it will be brought in by issuing shares.

Increase of the share capital

Increase of the share capital

The well-known biotech company Doomung from Leiden also recently faced this consideration. At the shareholders’ meeting of May 24, 2017, the company planned to announce an increase in share capital. Now Doomung has been a startup for years, so investing in shares of this company entails matching risks. The share capital would be further expanded with 150 million units to a total of 950 million units.

Financing with the help of a loan

Financing with the help of a loan

Of course it was not a voluntary choice for the company to issue additional shares. Doomung needs extra money to meet its obligations. But suddenly another choice was made. The debts of the company will be financed with a new loan. That loan amounts to 100 million dollars and is provided by Orbimed Advisors. This globally operating investor mainly invests in medical companies. The agreement with Orbimed Advisors will run until June 2021.

Saving on financing costs

Saving on financing costs

Doomung can use this money well, because it only recently bought back the commercial rights of the drug Ruconest that it developed. Doomung is doing well, because although the company may still be called a startup, it has been around for 30 years. Doomung recorded an eight-fold increase in sales in the first quarter of this year. It was a historic quarter in which the company achieved a positive operating result for the first time. With the new loan, Doomung is saving enormously on its financing costs and can further exploit the commercial success of Ruconest.

More confidence in the share

More confidence in the share

Now that Doomung does not have to issue additional shares, but instead takes out a loan, its share capital does not continue to be diluted. This gives existing shareholders more confidence. The share price on the stock exchange also rose by 3.5 percent. Due to the large number of shares in circulation due to earlier dilution, the value per share is only 0.35 euros.

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Borrow money for a one-time purchase?

Sometimes you want or have to do a large expense and prefer to pay it in one go without running out of your savings. Consider, for example, buying a new car, making a planned trip around the world or furnishing a baby room. You can choose to borrow money once. That way you can directly realize your dream.

Personal loan

Personal loan

The personal loan is the most chosen when it comes to one-off financing. You borrow the amount you need in one go and receive it directly on your account. This way you can make your one-time purchase. You then pay a certain amount in installments each month. You choose a monthly amount that you think you can pay off. The lender will calculate for you whether this is a responsible amount in your situation.

The major advantage of a personal loan over a revolving credit is the certainty that this form of loan offers. For example, with a personal loan, the loan amount, the term and the interest are fixed. This prevents you from borrowing more than you actually needed. You also know in advance exactly when you will have repaid the loan in full, because you also fix the term of the loan. And finally, you cannot be surprised by rising interest rates. This is fixed during the term of your loan.

Did you know that: the average loan amount for furnishing a home is € 12,500?

Revolving credit

Revolving credit

In addition to the personal loan, you can also opt for a revolving credit. This offers just a little more flexibility than a personal loan. It can be the financial support or just that little bit more freedom that you need temporarily. If you opt for a revolving credit, you agree a credit limit with the lender. That is the maximum amount that you can withdraw. Now with a revolving credit it is possible that you can withdraw the repaid amounts. You decide when and how much money you withdraw. And you only pay interest on the amount that you actually borrowed. The term is not fixed, so there is no fixed deadline by which the loan must be fully repaid.

Borrowing money on purpose

Borrowing money on purpose

When you have a new car in mind, you prefer to buy it immediately and pay it off at the dealer so that the car becomes your full property. A good option is to borrow the one-off amount of money that you need. Be careful not to take hasty decisions and not take the first loan that seems interesting. You will also have to take the time to compare different lenders. You do this by requesting quotations and putting them side by side. Do you have a specific offer that you would like to agree to? Then read the obligations and risks of this one-off financing carefully again. This way you avoid signing for something that you will regret later.

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Can I pay extra? | Repay loan

When you take out a loan, you also want to know in advance whether you can repay the loan in whole or in part. Are fines still attached to this or can this be done free of charge? In this article we will tell you everything you need to know about (accelerated) repayment of your loan.

Extra repayments in the meantime

Extra repayments in the meantime

Paying extra in between is always a good idea. You ensure that you pay off the loan faster than agreed. In other words; you shorten the term of the loan. By shortening the term, you pay less interest in retrospect and the loan is therefore cheaper. You also reduce your monthly expenses, leaving you with more money for something else.

Repay the revolving credit earlier

Fixed some extra repayments on your revolving credit ensures that you have repaid the loan earlier. You can make additional repayments with a revolving credit throughout the entire term. If you still need this amount repaid? Then you can record it again. Of course you should not continue doing this endlessly, you will never get rid of your revolving credit.

Paying extra on a revolving credit is always free of charge. You only pay interest on the loan amount instead of on the total amount of the loan. If you pay extra, the lender cannot earn less than expected.

Repay your personal loan earlier

You can repay extra on your personal loan by reporting this to your bank. The nice thing is that immediately after you have repaid extra your monthly expenses will go down. And it is just a nice idea that the debt that is still outstanding at the bank is already somewhat lower. Please note that you may not withdraw your repaid amounts, so you have ‘lost’ this money.

Nowadays, paying off the personal loan can be free of penalties almost everywhere. Do you choose to pay off your personal loan faster and to shorten the term? This means that the bank can charge interest for the borrowed money for less than expected. Do you decide to pay off the entire loan in one go? Then you have to take into account that the amount to be repaid is the loan amount excluding interest. After you have repaid this loan amount, contact your bank. They calculate for you how much you still have to pay in interest. If you have also transferred that amount, the loan is fully repaid.

How do I pay off my loan earlier?

How do I pay off my loan earlier?

You can make extra repayments on your loan in various ways.

  1. Repay via your digital banking environment.
    This is a personal and secure environment where you can manage your banking affairs from the comfort of your home. To make additional repayments, look for the ‘Repay immediately’ link.
  2. Pay off via iDEAL.
    If you do not like using your personal banking environment, you can also choose to pay directly via iDEAL. This option is often offered on the website.
  3. Repay by bank transfer.
    If you do not like both options, a transfer is a good alternative. The IBAN number to which you need to transfer the amount is clearly stated on the website and / or bank account. Do not forget to clearly state your contract number and name with the transfer.

How long does it take for a repayment to be processed?

How long does it take for a repayment to be processed?

It is difficult to say exactly how long it will take before an additional repayment is processed. This is because the processing time differs per bank. In general, repayments are processed within a few working days. This is also visible in your online banking environment. That way you can easily check whether the extra repayment went well.

Buffer left

Buffer left

Are you thinking about paying extra? First check with yourself whether you can really miss the money. It is important to always have a buffer available for unforeseen issues such as a broken car or dishwasher. It would be annoying if you could not have the repair carried out immediately because you had repaid too much of your loan with that savings.

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Big debt risky? – Loan consolidation

When you take out a loan you have to think carefully about the conditions that apply. Is the interest at the right level, how often do I have to pay off and of course: can I afford it all? If you think about this well in advance, there is nothing wrong. But some people do not always succeed.

Debt counseling by the municipality

Debt counseling by the municipality

For them, rising debts are a problem. Local governments are now trying to do something about this. For example, the Debt Lab started in The Hague last year. The municipality of The Hague and other parties are working together on this to help people who are stuck in their debt problems. This includes all age groups. The Debt Lab has something special for young people. The Lab takes over the debts from them and in return these young people invest in themselves. They work as a volunteer and follow a course. The initiative of The Hague seems to be replicated in the other major cities.

Government debt and its value

Government debt and its value

While the average debt of people involved in debt counseling is 39,000 euros, our national government seems to make it all a lot more colorful. Many citizens are afraid that our pivotal government will saddle the children with a future debt that is untenable. Yet it is just how you look at it. What is usually forgotten is the other side of the matter. After all, the government invests the borrowed money in our society. Our ‘improved’ society will also inherit our children. Viewed in this way, they will also receive extra value in the future.

Speed ​​with which government debt grows

Speed ​​with which government debt grows

The main thing is the extent to which the government exceeds its budget. As long as the speed with which the government borrows money keeps about at a pace that is consistent with the development of tax revenues, there is actually not much going on. Moreover, a large part of the government debt is also in the hands of Dutch residents. If our government repays its government bond, the money flows directly into our economy.

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Association for drug trafficking | Understand crime

Understand the crime of association for drug trafficking

The association for drug trafficking is, in fact, an association for the practice of the conduct defined in article 33 (both in the caput and in paragraph 1), as well as in article 34 of the Drug Law, which deals with machinery, instruments and other objects intended for the manufacture of drugs, for example.

Let’s see what the legal text says:

Art. 35. Associate two or more persons for the purpose of practicing, repeatedly or not, any of the crimes foreseen in arts. 33, caput and § 1o, and 34 of this Law:

Penalty – imprisonment, from 3 (three) to 10 (ten) years, and payment of 700 (seven hundred) to 1,200 (one thousand and two hundred) fine days.

Single paragraph. In the same penalties of the heading of this article incurs who associates to the reiterated practice of the crime defined in art. 36 of this Law.

It is therefore perceived that this is a crime that closely resembles that of criminal association typified in article 288 of the Criminal Code, because the two are plurisubjective crimes, that is, they require more than one agent for its configuration.

To be more specific, the two types of criminality require a union of persons aiming at delinquency, and the association of the Drug Law has a specific purpose (the practice of crimes in articles 33 and 34); while the association of article 288 of the CP refers to crimes in general.

It is also interesting to note that, with the criminal type creation of article 35 of the Drug Law, article 8 of the Law of the Hediondos Crimes was impaired, since this article establishes that the penalty of the crime of criminal association of article 288 will be from 03 to 06 years of imprisonment when the purpose is to commit the crime of drug trafficking.

Characteristics of the association for drug trafficking

Characteristics of the association for drug trafficking

With regard to Article 35, it is possible to cite as its characteristics:

a) minimum involvement of two people: as stated, we are facing a plurisubjective crime. Unlike the crime of criminal association, of article 288 of the CP (which requires a minimum of three persons), only two persons are required for their configuration;

b) specific purpose: in the present case, the association is not for the practice of any crime, it is necessary the intention to commit any of the crimes foreseen in arts. 33, caput and § 1, and 34 of the Drug Law.

c) unnecessary delinquency reiteration: the legal text states that the associates want to commit crimes repeatedly or not. Thus, contrary to what happens in the crime of criminal association of the CP, it is not necessary the intention of repetition of the crime.

Stable and lasting association

It should be pointed out that, since the criminal type requires an “association” to the practice of drug trafficking, doctrine and majority jurisprudence, although article 35 does not require the purpose of criminal reiteration, they consider that a prior adjustment is necessary between the parties, an asso- ciative animus, making the competition of agents merely occasional does not characterize said crime.

In this sense, the predominant understanding is in the sense that this association must have the objective of being stable and durable for the configuration of article 35, unless otherwise it will be a mere contest of agents.

It is worth mentioning that the STJ already has a thesis signed in this sense, namely that “For the characterization of the crime of association for trafficking is essential to associate with stability and permanence,” as seen in the judgments given in HC 235247 / SP; in HC 270837 / SP; in HC 286219 / PE; in HC 271723 / MG; in HC 260330 / SP; in HC 137535 / RJ; in HC 248844 / GO; and HC 239965 / RJ.

Consummation

Consummation

With regard to the consummation of this crime, the analysis of the type shows that it is a formal crime, which is consequently consumed by the mere union of those involved, that is, when they associate themselves (in a stable and lasting way for the practice of drug trafficking).

Thus, even if they are detained before the practice of the first drug trafficking, they will already be involved in the criminal type.

It is important to note that the STJ also has a solidified thesis on this issue, that is, that “For the configuration of the crime of association for drug trafficking, provided in art. 35 of Law no. 11.343 / 2006, the seizure of drugs in the direct possession of the agent “, according to the Judgments given in HC 441712 / SP, is irrelevant; in RHC 93498 / SC; in HC 432738 / PR; in HC 137535 / RJ; and HC 148480 / BA.

In turn, there will be material competition with the crime of trafficking when, after the association, they effectively come to commit any of the crimes of arts. 33, caput and § 1, and 34 of the Law.

Attempt

Attempt

As for the attempt, I understand that it is not possible, mainly because it is a formal crime, so that the agreement of wills between the members will consummate the crime; otherwise, the fact will be considered atypical.

Penalty and penal action

Penalty and penal action

The penalty provided is from 03 to 10 years imprisonment, in addition to 700 to 1,200 days-fine.

Moreover, according to article 44 of the Law on Drugs, we are faced with an unsafed and unsustainable crime of sursis, amnesty, grace or pardon.

Regarding the possibility of replacing the custodial sentence with a restriction of law, in spite of the fact that the specific law states that it is not possible, the STF declared the unconstitutionality of that part of article 44 when judging HC 97.256 / RS, in September 2010.

Thus, if the sentence set in the sentence does not exceed 4 years, it will be possible to substitute a restrictive sentence, in accordance with art. 44, I, of the Criminal Code, provided that the circumstances of the crime indicate that the measure is sufficient for the prevention and repression of crime (article 44, section III, of the CP).

With regard to conditional release, the provisions of article 44, sole paragraph, of Law 11.343 / 06, that is to say, provided that two thirds of the sentence is fulfilled (and provided they are not specific repeat offenders).

The Superior Court of Justice has already ruled that, although it does not have a hideous nature, the rule in article 44, sole paragraph, of the Drug Law remains intact:

Regardless of whether it is heinous or not, there is a law defining a more rigorous lapse to obtain conditional release in conviction for the crime of association to trafficking. It is necessary to fulfill 2/3 (two thirds) of the sentence, in accordance with what is established in art. 44 of Law no. 11,343 / 2006, not applying the provisions of art. 83, incs. I and II of the Penal Code. (STJ – AgRg no Resp 1,469,504 / RJ, Rel. Min. Reynaldo Soares da Fonseca, judged on 01/09/2015, DJe 08/09/2015).

It should be mentioned that, after the advent of Law no. 11.464 / 2007, which no longer prohibits provisional release for heinous crimes, there is an understanding that the concession is also applicable to trafficking, even though the special law says otherwise in relation to such an offense.

In addition, since 2012, in the judgment of HC 104,339-SP, the STJ has declared the expression “and provisional freedom”, contained in the caput of Article 44 of Law 11,343 / 2006, mainly because it is “incompatible with the constitutional principle of presumption of innocence and due process, among other principles. “

Heinous crime

Heinous crime

Lastly, with regard to the heinousness of crime, both the Superior Court of Justice and the Federal Supreme Court have understood that the crime of association for trafficking is not treated as heinous for not being mentioned in art. 1, sole paragraph, of Law no. 8,072 / 90.

Thus those convicted of this crime will be entitled to progression of regime according to the common rules of the Criminal Code, that is, 1/6 and not 2/5 or 3/5, as established by the Law of Heinous Crimes.

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Loans

Online payday loan -See our guaranteed cash advance loans bad credit

If you need to take a bank loan, it may feel like all you have to do is step in on your bank and ask for one. In recent years, however, the loan market has changed a great deal, which has meant that consumers have more loan options than ever and that they can also take loans in many more ways than before. In this article, we will present information about the new things that have been added to the loan market regarding just bank loans in recent years, in order to make it easier for you who do not have such a big deal of this.

See our guaranteed cash advance loans bad credit

Firstly, an important change that has taken place in recent years is that you can apply for guaranteed cash advance loans bad credit via the Internet today, which means that you do not really have to go to the bank yourself if you do not really want it- my review here. Instead, you can send in all the loan documents and the application itself electronically at many lenders today, which both facilitates and speeds up the procedure itself.

Apply for bank loans via the Internet

Another thing that has become easier as more and more loan companies and banks have moved over their business to the network is to compare different loans against each other, in order to find the most favorable loan. This is something that we recommend to anyone who wants to take a bank loan because it can save you large sums on the loan costs once you have taken the loan. Loan comparison services for bank loans are very easy to find with the help of the search engines that are available online, so even those who did not use them before should not have any problems using them.

New lenders

Worth knowing about the new type of bank loan is also that there are completely new lenders today, who are not banks or financial institutions in the traditional sense, but who only carry out loan operations. Some may find that this seems a bit frivolous, but the fact is that precisely these companies are so niched actually make them a good choice when taking a bank loan, as this means, among other things, that they can offer better prices and conditions than traditional banks. So never underestimate the niche loan companies!

Most of us sometimes end up in a situation where the money is not really enough, and we need a loan. It can be about a small loan, to solve a temporary problem in everyday life or a large loan to finance a larger deal.

For most people, it is necessary to borrow money if you want to buy a home, holiday home or car, for example. But, many now and then also need smaller loans.

Loans for consumption

The loan market looks completely different today than it did for previous generations. This has also resulted in a slightly different attitude toward loans today. While previous generations have seen it as obvious that saving first and shopping, we can today take a shorter loan in order to be able to afford something and then pay afterward. This is largely due to the fact that many of today’s loans are actually intended for consumption, and a common name for unsecured loans is precisely consumption loans.

If you only need to borrow a smaller amount, you can find lots of lenders and loans online. Here you can get so-called microloans, which go easy and quick to get and which will usually be repaid within one month. These loans are often below SEK 15,000, which is the lower limit for a loan from the ordinary banks. Therefore, it can be said that these loans fulfill a need that ordinary bank loans cannot meet.

Apply for a bank loan

If you need a loan of SEK 15,000 or more, you can go to your regular bank and apply for a bank loan. But, it is also possible to apply for bank loans directly online. The big banks have their own websites online where you can make an application online. You can, therefore, apply for a loan from your regular bank, but you can also compare loans and apply for the loan with the bank that offers the best terms. This is one of the biggest benefits of searching bank loans via the net. Here, all banks are gathered, and you can see both terms and interest rates, and compare different banks with each other.

If you go to your local bank office, you can take the loan you are offered, and it is difficult to know which offers other banks have. If you want to compare and set the banks against each other, you have to walk around the different banks and ask about what they have to offer you. On the net, you have everything gathered in one place, and get a good overview of the loans that are available. It thus gives you good opportunities to get a loan with good terms and favorable interest.

More benefits

Another advantage of searching for bank loans online is of course that you can make your application from home, and when it suits you. You do not need to take into account when the bank is open, and you do not have to book an appointment with your banker. You can sit at home and complete your application, and often you can get a preliminary answer right away. How quickly your application is processed often depends on the size of the loan you want.

The banks offer several different types of loans. Large loans, for the purchase of housing, are usually called mortgages. These are special loans, with special conditions and favorable interest rates. If you are planning to buy a house, or a condominium, it is best to apply for a loan promise before you go on shows, so you know if you can get a loan, and if so, how much the bank is prepared to lend.

The most common loans, unlike mortgages, are unsecured loans. These loans are called bank loans but are usually called private loans or consumer loans. You can get such a loan without borrowing anything, or in any other way give the bank security for the loan. Most banks offer unsecured bank loans from around SEK 15,000 and up. The upper limit may vary from SEK 300,000 to SEK 450,000, depending on which bank you choose.

Loans with security

You can also get bank loans with security, where you borrow a property or something else that has about the same value as the loan. Loans with security mean that the bank’s risk is not as great, and therefore it is often possible to get lower interest rates if you can provide security for the loan. If you put something in pledge, the bank can always sell and get back its money, even if for some reason you can’t pay. And this allows you to give a better interest rate. Of course, all lenders want to compensate for the risks they take. And then it is the interest rates that are the tools you have to work with. If you want a bank loan at as low an interest rate as possible, then it is wise to apply for a loan with security.

But, of course, everyone does not have a house or anything else to borrow, and then one must apply for a loan without security, a private loan. It is often faster to get such a loan, as there will be fewer factors to take into account during the processing of the loan application. So if you need to borrow quickly, an unsecured loan is recommended.

New players in the loan market

The new players in the loan market, which offer small, fast loans online, have not only fulfilled a need that ordinary banks cannot meet. They have also been at the forefront of a new way of borrowing and managing loans. Thanks to the fact that you can apply for a loan directly online and quickly get money in the account, many have turned to the new lenders of the network. In order to be able to compete for customers, the ordinary banks have had to adapt, and it is, therefore, possible to make a simple loan application online also from our traditional banks.

You can often get a quick answer, and the loan application is processed quickly. Even if you can hardly apply for a regular bank loan and get the money the same day, then it is possible to get money quickly even from these lenders. If you are looking for bank loans online, you also have the opportunity to compare different loans, and thus get a good and cheap loan.