Just another WordPress site Tue, 02 Jul 2019 12:31:49 +0000 en hourly 1 Bank Credit: What is a bank loan? The pros and cons Tue, 02 Jul 2019 12:31:49 +0000 ]]>

A bank loan is nothing more than a loan given out by a bank or savings bank. A comprehensive agreement will be drawn up to settle the bank loan. This contains primarily the dates and facts about the repayment agreement. In monthly installments, the borrower repays the borrowed debt at the respective bank. He not only reduces the amount of money received. The leasing of capital also obliges the borrower to pay high interest.

What is a bank loan?

What is a bank loan?

Important: Before the bank loan is confirmed, a detailed creditworthiness check is always carried out. In this context, the bank checks whether the applicant has the required credit rating (Credit Scorer).

For whom is a bank loan suitable?

For whom is a bank loan suitable?

In principle, every adult has the opportunity to apply for a bank loan, whether as an entrepreneur or as a private person for a specific project – such as the purchase of a condominium, a house or a car. Based on the example listings, it becomes clear that a bank loan is mainly suitable for people who need a correspondingly high sum of money for a large investment.

However, not everyone has the same chance of getting a loan from the bank. Essential prerequisites for a commitment are common

– a solid job, 
– a more or less high income (depending on the desired loan amount), 
– Collateral for the bank (land, vehicle, other valuables) and 
– a perfect credit rating.

Not to forget that age also plays a role. Age of majority is essential. Older people are disadvantaged in many banks, even if they have a good income. Some institutes have an age limit of 60 or 70 years, for example.

Note: Several lenders require the borrower to take out a life insurance policy that serves the bank as collateral. Say: The borrower pays monthly in addition to the repayment installment and the agreed premium for his life insurance. However, he will only be entitled to the steadily growing sum of this insurance after the loan has been fully repaid by the bank. Until then, the bank reserves the right to collect the contributions should the borrower fail to meet his or her obligation to repay the loan.

How does a loan from the bank work?

How does a loan from the bank work?

To apply for a bank loan, the interested party contacts the bank of his choice. This does not necessarily have to be his “house bank”. Most institutions now offer the option to request the loan online. The formalities are clarified via live video conference. Alternatively, the applicant goes straight to the bank and addresses an employee there.

After the detailed discussion between the bank employee and the customer, the application is completed. Depending on the bank, the approval (or rejection) takes place immediately. In some cases, however, it takes a few days before the applicant learns whether the loan request is fulfilled or not.

In the case of the pledge, the borrower receives the agreed amount transferred to his bank account. From now on he has to keep to the monthly repayment of the fixed rates. Otherwise there are high reminder fees or even worse consequences (in case of repeated failure to pay). The accrued interest is usually charged every quarter and collected directly from the credit account.

Advantages and disadvantages of a bank loan

Advantages and disadvantages of a bank loan

The biggest advantage of a classic bank loan is the (theoretical) possibility to raise a very high sum of money if the conditions are right . In addition, the period of repayment can be extended relatively far, which is very significant for most people, especially from a six-figure loan amount.

But: With a high loan amount and long repayment period, there is also a decisive disadvantage: the interest rates are extremely high, so that the final repayment amount clearly exceeds the borrowed amount. In addition, the borrower usually liaises with the bank for many years and must always ensure that the installments are paid on time.

Note: If the borrower is unable to meet the payment deadlines in a given time or situation (such as sudden unemployment), he has the option to apply for a temporary deferral. However, he has to accept new fees again.

The most striking disadvantage of a bank loan is undoubtedly the fact that almost exclusively people with immaculate credit standing get a commitment. All other people who desperately need money for an important project have minimal chances of getting a bank loan. For you (and everyone else) there is a very good alternative: Secured Bank.

Alternative to bank loan: Benefits of a loan through Secured Bank

Secured Bank acts as a short-term credit provider. You can apply for a loan in just a few minutes via the website of the Berlin-based company. If you meet the fair conditions, the loan will be approved and paid out the same day.

Important: A successful request is also possible for persons with medium credit rating!

Four good reasons for your credit with Secured Bank

Four good reasons for your credit with Secured Bank

a) Free loan calculator: The clear and easy-to-use loan calculator tells you in two clicks how high the repayment amount will be. Simply enter your desired loan amount and the preferred term (maximum of 30 days for first inquiries, later up to six months). The resulting total amount is already displayed.

b) Credit-Neutral Credit Inquiries: Unlike bank applications, credit inquiries at Secured Bank are Credit Scorer-neutral – meaning they have no negative impact on your Credit Scorer score.

c) Reliable instant payment: Secured Bank will check your details immediately after your request. If it turns out that you have all the requirements, you will receive the requested loan a short time later transferred to your account. Often the matter is already done after an hour.

d) Short Binding: The combination of a relatively small loan amount and a short term does not tie you in for a long time. You are faster independent again, which has a positive effect on your credit rating.

Here are the convincing advantages of Secured Bank:

+ Useful loan calculator to calculate the repayment amount 
+ Loan requests do not affect the Credit Scorer score 
+ Instant loan with fast payout on the same day 
+ fast repayment for a short bond and good credit

Special: At Secured Bank no indication of the intended use is required!

Cheaper than a bank loan: Fast loan from Secured Bank

Unlike a traditional bank, Secured Bank does not charge commission or processing fees. In addition, the interest rates for a loan through the portal are extremely low, which is mainly due to the short term.

Example calculation: For a loan amount of EUR 500 and a repayment period of 30 days you pay a total of EUR 505.80. That means the interest rates are just EUR 5.80.

Easier than a bank loan: This is how an instant loan works

While a classic bank loan is associated with heaps of bureaucratic individual stages , the instant loan via Secured Bank is astonishingly straightforward. The simple application process consists of the following three steps:

1. Select loan amount:

Select the desired loan amount. For this purpose, simply make use of the loan calculator and then click on the “Apply Now” button. You will then be redirected to the online form.

2. Make a loan application:

Complete the form completely. In doing so, you provide general data about yourself (name, address, date of birth, marital status, salary, etc.) and upload various documents that serve to identify you and establish your credit rating.

Here is an overview of the documents that you need when applying:

– ID card (identity card or passport) 
– Salary statement for the last three months

3. Start verification:

With VideoIdent Secured Bank checks your identity – without the hassle of paperwork. The signing of the contract is also easy in this way. All you need is a Skype account and a webcam.

In the case of a grant, the requested loan will be transferred immediately to your current account (in the express version). As a rule, you will then have the requested amount on the same day.

Requirements for borrowing from Secured Bank

For a successful loan application with Secured Bank, you must meet the following requirements:

– of age (at least 18 years) 
– Residence in Germany 
– German bank account 
– regular income (at least 500 Euro) 
– sufficient creditworthiness (at least “medium”) *

* As far as the Credit Scorer score is concerned, rating levels A to I are eligible.

In principle, Secured Bank also has the option of receiving a short-term loan for special groups such as the self-employed, retired and unemployed (category I). The company will treat each applicant the same and will take the same exams. If, in addition to fulfilling the other requirements, at least a medium Credit Scorer score is given, there is nothing against a loan approval.

Table: Comparison of the requirements for a bank loan and a quick loan via Secured Bank:

requirements bank loan Short term credit from Secured Bank
Older at least 18, max. 60-70 (depending on the bank) at least 18
Income: depending on the loan amount (usually> EUR 1.000) at least EUR 500
credit: very good to good (Rating A to C) very good to medium (A to I)

Credit without?

Credit without?

Sometimes you might come across an ad from a loan without Credit Scorer. Offers advertised in this way are misleading, as they seem to imply that the application does not conduct a credit check. However, this is not the case with reputable institutions – they always check the creditworthiness, for the safety of both parties.

A loan without Credit Scorer therefore means that the request has no influence on the Credit Scorer score – as is the case with Secured Bank. The better description of what “credit without Credit Scorer” means is, therefore: Credit Scorer-neutral credit.


If you need short term money to bridge a financial bottleneck or pay a specific bill on time, make the right choice with an instant loan from Secured Bank. The provider works reputable, fast and reliable, so you receive the feedback and possibly also the payment on the day of your request. A bank loan is recommended due to the many disadvantages nowadays only for very large investments.

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A debt consolidation loan can give you your freedom back Sat, 22 Jun 2019 12:40:07 +0000 ]]>

A debt consolidation loan pays for more other loans or lines of credit. If you find yourself swimming in debt, this could be a good option. Debt consolidation loan is the best option when you have reached the maximum limit on your credit cards and are still paying for your car and home.

When you get to the stage where you can’t pay all your monthly payments you will have to make a decision how you intend to pay your creditors. The most sensible way is to take a loan and pay them and then just have the loan payment left to pay.

Construction loans

Construction loans

Anyone interested in home and land packages should take a look at construction loans. These home loans are used to pay for both the land and the home. The builder is paid by installments, which attracts the mortgage as the house is under construction. During the construction phase, payments are interest based only on the balance of the loan that is withdrawn. This can be one of the most convenient ways to purchase home and land packages.

Credit card loans are a major cause of concern for many people these days. It seems so easy to swipe credit cards, and get anything, and everything in this world. The hidden fees, and interest rates, along with after-hours expenses make the sum owed so large that it is not known how to put an end to its spiraling debt.

Solution to your problems

Solution to your problems

Remember to file only for failure if it is necessary. Consider whether debt consolidation can be a more viable alternative. It can be very stressful to undergo the long process of personal bankruptcy declaration. It will affect access to credit in the future. Therefore, you need to make sure that failure is really the only possible solution to your problems.

Lenders in the UK have a strong online presence. The online market is giving strong competition to traditional lenders that include high street banks. The British are increasingly looking for low-cost loans on the Internet. An estimate says that almost 11 percent of the total credits are taken with the help of the Internet.
E. After completing the bad credit home loan, plan to refinance in about three years, with which you should be back in good credit if regular repayments have been kept up. This will help reduce your debt shortly and maximize your credit rating future.

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The best ways to reduce or eliminate debt Tue, 28 May 2019 04:59:58 +0000 ]]>

interest credit

Pay the high interest credit cards First

Interest rates to add to our debt every day. The higher the interest rate, the more it contributes to our overall debt. A good way to get your debt under control is to start eliminating the high interest rate credit cards you pay by paying extra for them until they pay off.

Start with the credit card that has the highest interest rate, and pay extra to it each month until the balance is gone. If you have `credit cards with the same interest rate, then start with the accounts that have the first balance. The more high interest bills you can get rid of the lower your debt will go. Once the high interest credit card is paid off, cut it and a letter to the company asking them to close your account write.


List and classify Read it daily


Debt is easier to work if you can see it all listed together on one sheet of paper. Make a list of all the installment accounts you have, minus your utilities, and then focus on paying them off. Include the name of the creditor, the type of account it is, the interest rate you pay, the monthly minimum payment, and the remaining balance. If you can see your debt listed together, you can formulate a plan to help pay it off.


Cut Up Your Credit Cards

Cut Up Your Credit Cards

The easiest way to stop the financial damage your credit cards do, and get your debt under control, is to cut your credit cards. After the credit cards are cut out, you can then work on a plan to start paying off the balance. The temptation to use your credit cards while still trying to pay them off can derail any efforts you make to get your debt under control. With the cards away so is the temptation.


Reduce Spending

Reduce Spending

It sounds simple to say that you can help your debt by spending less, but reducing your spending can be a difficult habit to be in. Start with simple things that you can’t even figure out but can save your money. Lower the temperature on your oven by just a few degrees. Replace the standard bulbs you use most with energy-efficient fluorescent bulbs.

If you are currently doing your laundry at home with your own washing machine and dryer, consider replacing one of your home laundry days with a trip to the laundry. Drive the speed limit to gas. Run snacks around you to stop yourself from buying food when you’re hungry. Use these little money saving tips to start lowering your monthly debt. Use the extra money you save to apply to start paying your installments.

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Best Loan – Loan Online Tue, 14 May 2019 11:44:37 +0000 ]]>

Best Loan – Loan online from Zaloan

Best Loan - Loan online from Zaloan

Zaloan Bank’s fast loan ranks among the best loans on the market. It will help you solve an acute shortage of funds, typically in the pre-pay period. You can deal with it easily online and get instantly – we send money to your account within 1 minute of loan approval.

For new clients, the first loan is free


Sure you want your loan to be the cheapest. Zaloan Bank goes even further and has a superb free first loan offer for new clients. If you borrow for the first time, you can get up to CZK 9,000 for 30 days and return as much as you borrowed on the agreed date.

Purpose-free loan without unnecessary administration

Purpose-free loan without unnecessary administration

The short-term loan Zaloan is not purpose-built, which means that you get cash and you do not have to prove to which purchase or payment you used it. In addition to loans, we only require basic information and minimum documents. You do it really fast. Advantages of Loans Zaloan has known more than 2 million clients worldwide for over 10 years.

To get a regular Zaloan loan of $ 500 to $ 1,000, for 7 to 45 days, you need to have all of your previous loans paid for. If you are 19 to 85 years old, you need an internet connection. Submit a simple online form to apply for your loan, and we’ll start dealing with it immediately in non-stop mode.

Best loan furnished conveniently online

Zaloan Bank’s 24-hour service takes advantage of the online environment. Thanks to this, it offers you modern Micro, Plus or Credit overdraft loans really fast.

New clients receive the first loan for free and transfer your current account money to Zaloan Credit as needed, paying nothing for your account. The bonus is a Zaloan Bank customer service that works 24 hours a day, 7 days a week.

If you are still bothered by filing new loan requests for several thousands that sometimes miss you before paying, you want to go without registers and have cheaper loans overall, just as convenient as possible, do not hesitate to arrange Zaloan Credit directly on this website. It is the perfect financial service for those who want to enjoy the freedom of repayment permanently.

Zaloan Credit in customer reviews

According to Mr. Zaloan Credit, Mr. Stanislav from Ostrava says : “You simply choose the required amount of the reserve from CZK 2,500 to CZK 80,000, which is ready for you after approval. Once you have the money, you will be asked to send it. Because everything is pre-arranged, the conversion will be immediate. This way you can run out of Zaloan Credit all at once or have it shipped gradually. “

Mrs. Jana from Brno joins : “I strongly recommend Zaloan Credit to all who want to have a financial reserve and cannot have a classic bank overdraft. It is also great that you do not have to set up a current account with Zaloan Bank. “

“Zaloan Credit also gives me the benefit of not paying any fees if I’m not running out of money,” says Dagmar from Olomouc. ” Unfortunately, I have noticed for myself that the so-called most advantageous loan from the ad had hidden charges, which nobody neinform me in advance. While the terms of the Zaloan Credit loan are clear. “

Briefly about the conditions of the most advantageous loan Zaloan

Briefly about the conditions of the most advantageous loan Zaloan

For a Zaloan Credit loan, you repay the agreed minimum amount monthly, with interest being only 0.2833% per day. However, a higher installment may be selected. To do this, you pay a one-time fee for drawing each amount of 12.5%. You can also repay the entire loan, including interest, and have Zaloan Credit complete again. It is free for you when you don’t use it.

To sum it up: The Zaloan loan is best when you need to pay and you don’t have the money, but you know you will have it in 3, 4 weeks. The fastest reuse is Zaloan Credit – you can do without the paperwork and get the money immediately.


Right now action: a free-of-charge loan of up to CZK 80,000 for the first time for free

Right now action: a free-of-charge loan of up to CZK 80,000 for the first time for free

If you have not yet taken advantage of Zaloan Credit, you can borrow anything for up to CZK 80,000 for the first time without a drawdown fee and zero interest for up to 30 days. This means that how much money you run out, you will give the bank back so much on the agreed date. For example, for a loan of CZK 26,000 you will return CZK 26,000 for 30 days. Until day 31, the daily interest will start. (The interest rate is a system offered to each client individually according to the Bank’s internal criteria and ranges from 0.1890% to 0.3941% per day, which is from 5.75% to 11.99% per month.) thus, the most advantageous bank-specific loan on the Czech and international financial markets.

The most convenient quick loan for business or home repairs

There is never enough experience with loans, so we add three more:

  1. Mr. Daniel used Zaloan Credit to do business. He evaluated it as the best loan of CZK 15,000 for a used car. He said: “Zaloan lent me quickly. I use the minimum monthly payments, and if you earn more, compensation loan extraordinary installment, which is at no additional charge. “He also appreciated the fact that the loan Zaloan Credit is not bound by establishing a current account at Zaloan Bank (other banks in providing autopůjčky this condition often asked).
  2. “Previously, loans from non-bank companies or private individuals have helped us from time to time,” Ms Marcela said. “But they weren’t exactly among the best loans. Today we have a Zaloan Credit 50 000 CZK as a financial reserve. We’re repairing the house, and that’s still some spending. After paying out, we usually settle the debt immediately so that it does not grow. We can handle what we can at Zaloan Bank via sms. The service operates 24 hours a day. ”
  3. “I am surprised at the speed and helpfulness of the negotiations. I highly recommend Zaloan Bank, ” said Mr. René.

Indulge yourself with a Zaloan loan of up to CZK 80,000, with 0% interest for the first time!

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A consolidation loan – is it worth taking? Sun, 12 May 2019 11:40:28 +0000 ]]>

A consolidation loan is – basically speaking – a combination of several liabilities into one. The bank that grants us such a loan repays our debts so far, offering instead one simple and legible product. The question is, is it better?

Consolidation loan – the magic of one installment

Consolidation loan - the magic of one installment

The advantage of one monthly installment is its trouble-free service – a permanent order is enough. Of course, if you have several credits, you can also pay them back from the machine, especially when you do not pay for transfers. If we pay installments of our obligations in the bank window and a separate handling fee is added to each, it is obvious that it is better to bear it only once. Consolidation will pay off especially when, for example, there is a favorable change in the market for loan offers or when the bank offers a better interest rate on the combined loan.

What to look for?

What to look for?

When estimating the benefits of consolidating existing loans, it is worth paying attention to possible fees for early repayment of existing liabilities and for a commission charged by a new bank. When consolidating mortgage loans, a number of additional costs should be expected, for example notary fees, re-valuations of real estate or changes in entries in land and mortgage registers. The most frequently mentioned advantage of a consolidation loan is its lower installment. Unfortunately, it often results in extending the loan period, which ultimately means higher costs for the interest paid.

Consolidation loan – for whom?

Consolidation loan - for whom?

For clients in a difficult financial situation, a consolidation loan is often an excellent solution, because a lower installment paid over a longer period of time can have a beneficial effect on the condition of the household budget. The analysis of the quoted premises shows that the profitability of this method is conventional, especially if we have no problems with timely settlement of our existing liabilities. The decision about consolidation should be preceded by precise calculations and analysis of own financial and economic situation, as it may turn out that the convenience of servicing only one installment has a high price.

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Loan consolidation to one: when not paying off Tue, 16 Apr 2019 04:07:07 +0000 ]]>

Although consolidation for most debtors is an effective solution to their concerns, it has some pitfalls. Everyone has to consider for themselves whether the combination of loans will pay off. What are the negative consequences of merging loans?

Banks report a dramatic increase in interest in merging loans. Repayment of liabilities by a new loan pulls the heel off the heels of people who have several loans and hardly tighten monthly installments. It does not matter if the debt comes from consumer credit, credit card or overdraft. In some cases, leasing can be repaid. By merging liabilities into one, in most cases, the monthly installments will be reduced and the maturity will be extended. This is related to the greater overpayment of original loans. In short, the security of smooth repayment is redeemed by higher financial burdens.

The loan consolidation calculator tells everyone whether it pays off. People who carry several commitments on their shoulders will usually be pleasantly surprised. The new loan can be adapted to current needs. In addition to reducing and extending the repayment term, it is possible to increase the loan.

Merge Limits

Merge Limits

The number of commitments, but their amount, is not usually limiting for consolidation. The maximum limit for a new loan to repay your existing loans ranges from six hundred thousand to one million crowns.

Do you enjoy consolidation? online Calculate

Beware of sanctions

Beware of sanctions

Loan consolidation can be expensive in some exceptional cases. Consolidation is not payable if the early repayment of the loan is sanctioned with an enormous amount. In the case of bank loans, this risk is minimal. The same cannot be said about all non-bank credit companies.

Danger lurks on borrowers who are already in trouble. Banks and solvent non-banking companies are checking their clients. Who has entered the debtors register has no chance of gaining consolidation. That is, if they do not point to companies with poor reputation that “help” everyone.

The word conclusion

The word conclusion

Consolidation saves you a lot of trouble when balancing on the edge of a debt trap. But you have to assume that the distribution of installments over a longer period of time will cost you in total. You pay the bank up to tens of thousands of crowns more.

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Bank loan with APR from 5.9% – calculator Wed, 10 Apr 2019 11:42:45 +0000 ]]>

A loan of CZK 100,000, with a maturity of 60 months and an annual fixed interest rate of 4.8% pa, has a monthly payment of CZK 1,878. Credit processing fee: 0 CZK. Management fee: 0 CZK. The APR is 4.9% and the total amount payable by the consumer is CZK 112,680. Insurance is not compulsory and premium payments are not included in the APR.

We’ve answered your most frequently asked questions

What do I need a one-minute loan to apply for Panders bank?

What do I need a one-minute loan to apply for Panders bank?

With Panders bank loan, you don’t have to worry about complicated documentation. Just fill in the basic information about you and your economic situation in a clear form. Within seconds you know what interest rate you will achieve. Through the entire process of arranging a loan, we will take you online to make it 100% clear to you.

How much does Panders bank lend to me and under what conditions?

How much does Panders bank lend to me and under what conditions?

Panders bank loan is provided in the amount of 5 to 600 thousand crowns for 3 to 120 months, which is really a very variable range in which everyone can find exactly the time they want to repay the money. The maximum APR is 17.51%. You can have money in your account within a single day.

Can I repay the Panders Bank loan early?

Can I repay the Panders Bank loan early?

If you have enough money to repay the loan early, no one will prevent you from repaying Panders bank early. You can return the money to the bank at any time without any fees. Extraordinary installments are also free of charge.

Is Panders bank a credible bank?

Is Panders bank a credible bank?

Currently, Panders bank has more than 110,000 clients in the Czech Republic and operates 59 branches across the country. It entered the market in 2011. It quickly gained the status of a stable and trustworthy banking institution, which clients are happy to entrust their money to. Besides regular and savings accounts for both private and corporate clients, consumer loans are the most important items in the offer.

Is it possible to arrange insurance for Panders bank loan?

Is it possible to arrange insurance for Panders bank loan?

Yes. Loan insurance will protect you and your loved ones in case of adverse life events. Everyone may not be able to pay their obligations due to incapacity for work, loss of job or accident.

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