SMS Loan for Women

At first glance, it might seem that mostly men are applying for loans. Perhaps this may surprise someone that more than half of non-bank loan applicants are women.

Does anyone offer a credit product focused solely on the more tender part of the population? Is there an SMS loan for women, for example? What are the parameters and what is different from the loan for all?

SMS loans

SMS loans

The general features of SMS loans are speed, availability and versatility of use. You get a small non-bank loan quickly, without unnecessary formalities, and you can use the money for anything. Typically, you can borrow up to CZK 5,000 on your first application, and more than once. You repay the loan in one installment within 30 days of applying for a loan (or for a shorter period – as you choose to use an online slider).

Equal conditions

Equal conditions

It has to be said that the conditions for all loans are the same for both men and women – there is no gender equality. The condition is over 18 or over 21, in some cases debtors’ registers are checked, and in some cases, proof of income is required.

When there is not enough income

When there is not enough income

However, in the online form you must truthfully state your earnings data. There may be a problem for some applicants or applicants – if you are just unemployed, retired or, for example, on maternity leave – the lending company will not provide you with a quick loan.

Loans for women on maternity leave

Loans for women on maternity leave

If you are a woman on maternity leave and you need to borrow money, you need to contact companies that lend to women on MD. These companies are benevolent to the fact that you do not have a regular income from an employer. We can then exaggerate their credit products as SMS loans for women on maternity leave (abbreviated as “MD”).

StratoLoan

StratoLoan

Providers of these loans include, for example, VataOnline, sro with its loan of the same name. With it, you can borrow up to 5000 CZK for 1 – 35 days and thus bridge the acute financial shortage.

What to watch out for

What to watch out for

However, it should be borne in mind that a microloan should only be an emergency solution, not a rule for family budgeting. Make the best use of borrowed money and be sure to get a family budgeting job in the future.

Loans on maternity leave – “Loans on MD” – information, advice

Do you care for the baby and often do not have the maternity money? In a similar situation, there are other moms who have to borrow cash from their relatives or acquaintances as many times. But not every woman has the support of her family or she is even a single parent. At this point, loans for women on maternity leave or people’s “loans to the MD” can help.

What are their parameters, advantages, disadvantages and risks?

Non-bank loans online

Non-bank loans online

As a rule, women on maternity leave do not reach normal bank loans because of low income. Although they are cheap and relatively safe, the bank thoroughly examines each applicant and, without sufficient income, the chance of obtaining a bank loan is minimal. So we have to look for loans for women on the MD rather in the non-banking part of the financial market.

SMS loans to parent online and immediately

SMS loans to parent online and immediately

These loans are found mostly by mothers on the Internet, where they are offered under different names (most often as SMS loans ). These are smaller loans, usually up to CZK 5,000 or CZK 10,000; you can choose the loan amount and maturity period, usually up to 30 days. It should be noted that many of these loans are intended for applicants with permanent employment and demonstrable income, but some products in this category are also intended for people with irregular or low income. The money is paid out to the account immediately, in some cases it is possible to send the amount to the postal order.

Loans on parent without registry, without proof of income

Loans on parent without registry, without proof of income

The parent loan bonus is that women handle them online so they don’t have to go anywhere with their baby and can stay in the comfort of their own home. Therefore, it is not necessary to prove “paper” receipts confirmation, it is sufficient to fill in the information about your income and expenses in the online form. It should be noted here that the data entered on the form must be truly true if the applicant or applicant wishes to “improve” their income data in any way, threatens to commit credit fraud. But low-income people can also get an SMS loan, and even a negative record in the debtors’ registers may not even be a problem. Each application is assessed individually.

Loans without fees – the first free loan

Loans without fees - the first free loan

Although loans in this category are quite expensive, you can also find a free loan. How is it possible? Some companies offer the first loan free of charge – that is, completely free of charge. A woman simply returns as much as she has borrowed. However, care must be taken to ensure that the maturity period is not exceeded – if the non-bank company is exceeded, relatively high fees are charged.

Don’t forget what?

With maternity leave, non-bank loans for mothers are at risk of getting the woman into deeper financial difficulties because of her failure to repay the loan on time and pay her additional charges. These fast loans are also linked to higher interest rates, APRs and sanctions. However, all fees and possible penalties must be legally indicated on the credit company’s website and in the credit agreement, before a loan is requested, all the circumstances and risks should be considered and considered.

The experience of others in the discussion on the Internet

The experience of others in the discussion on the Internet

Before negotiating a loan or finding the most appropriate loan for women on the MD, it is worth reading the discussion on the Internet. Mothers will learn about other women’s experiences or find tips for a proven and safe non-bank loan. All you have to do is enter a “women’s loan for MDs” into the search engine.

How to get a cheap payday loan?

You have a nice project in mind but do not know how to finance it? Why not turn to payday loan? Filled with benefits, this type of consumer credit helps you finance your dreams, without breaking the bank. Check out our tips for getting a cheap Payday loan.

 

Payday loan, what is it?

Payday loan, what is it?

In France, the Payday loan is a type of consumer credit. Its characteristic is that it does not finance a particular project, but that its purchaser can finance what he wants, without justifying his purchases. It is therefore an unallocated loan. The Payday loan is a credit agreement contracted between a borrower and a financial institution over a period of time: usually from a few months to a maximum of five years.

 

What does the Payday loan finance?

What does the Payday loan finance?

It is not intended to finance a specific purchase but to enable the borrower to meet all expenses concerning both unspecified consumer goods and services such as expenses following family events, medical expenses, study fees, taxes, renovation costs, travel, etc. In practice, the funds are paid into the account of the borrower who disposes of them as he wishes.

However, different Payday loans exist depending on the needs of the borrower: Payday loan for work, Payday loan leisure, Payday loan auto or Payday loan cash. It will be essential to discuss projects with his advisor so that the latter directs you to the Payday loan most suited to your needs.

 

Payday loan: what the law says

Payday loan

The law protects the borrower. The rate applied for a Payday loan is higher than an assigned loan obtained in a bank but lower than for a loan taken out at a point of sale (intended for the purchase of a good or a service, also called “Installment Purchase Financing” or “Affected Loan”). Beware however, the rules of acceptance are often stricter, the borrower does not have to justify the destination of the borrowed money. Up to € 75,000, this type of loan is subject to the code of consumption and allows in particular a prepayment without fees, unlike the mortgage (penalty of 3% maximum).

 

Get a cheap Payday loan

Get a cheap Payday loan

Unlike other credits, you do not need to mount a concrete file to access a Payday loan. So, you can finance your purchases, your unforeseen events, your projects, and even your trips without having to justify the purpose of your loan application. Thanks to the arrival of the internet, getting a Payday loan today is easy. The Internet makes it possible to reduce the operating cost of companies and therefore to offer products that are always cheaper. This is particularly the case for Payday credit agencies that offer highly attractive loans to finance your projects.

But beware, it is nevertheless essential to compare the offers to obtain a cheap Payday loan. Competition has prompted lenders to offer a low call rate for Payday loans. Especially as compared to revolving credits or earmarked credits, the interest rate of a cheap Payday loan remains more advantageous, at least in most cases.

With a cheap Payday loan, there is no bad surprise. Since the interest rate is fixed, your monthly payments stay the same throughout the loan. In addition, the repayment term is known in advance. Some financial organizations even propose to their clients to defer one or two monthly installments a year in case of a hard blow. On the other hand, it is also possible to pay off your Payday loan if the finances allow it.

 

Compare to get a cheap Payday loan

Compare to get a cheap Payday loan

The watchword you’ll understand is: compare. Many lenders have online comparison tools that are non-binding. Some sites even directly display Payday loan comparison charts and rank the most active names in the Payday loan market.

And do not forget that as soon as you meet the conditions for granting a Payday loan, you can play the competition between different financial organizations. You can then send your application to different banks to receive several loan offers and choose the most competitive.

The contractual offer of the bank must contain the amount of the credit, the fixed or variable interest rate, the cost of insurance, the constant or flexible maturities and the filing fee. This offer remains valid for a period of 30 days during which a lender can not revert to the loan terms it offers. The law then proposes a period of two weeks so that the borrower can think about the offer.

Tips for Lightening your Debts

 

The elimination of debts is difficult. Sometimes you will feel good about it and sometimes you will feel as if you are trying to get out of a hole that keeps getting deeper and deeper. Money is often perceived as a simple matter of numbers and mathematics. In personal finance, money is more about income, debt and budgeting, however, money is a very psychological thing. It provides you with security, comfort and, in a way, happiness. The key to getting out of debt is not to live beyond your means, but this is a difficult thing, with all the ways that can baffle you from your goal.

The first step to getting out of debt is to stop getting into debt

The first step to getting out of debt is to stop getting into debt

In other words, cut your credit cards and cancel all your lines of credit. Since you are already in debt, there is no reason to maintain the use of credit. Credit cards, in general, are a way for businesses to take advantage of your debts. Of course, credit cards can be convenient and can provide you with money at any time as well as travel benefits, but none of these benefits are fundamentally essential. If you are in debt, credit is more of a burden than a convenience, so get rid of it.

The second step is to start saving

saving

It’s much better to have a savings account where you can dive into the times when you really need it than to keep a credit card for that purpose. This may take a little while, but saving a small portion of your income each week will help you stay out of debt once you have paid what is due. These savings would be used exclusively for emergency situations, allowing you to get out of trouble if you are really at the bottom of the wall. It would probably be wise to keep this money a little out of reach, for example by keeping your money in an accessible savings account that is not linked to a debit card. This way you will have money when needed, but you will not be tempted to use it for purchases involving some impulse.

The next step is the most difficult. Once you’ve stopped getting into debt and have a comfortable cushion from your savings account, it’s time to attack your debt repayment. One of the most rewarding ways to accomplish this task is the snowball method. This strategy consists of paying down the smallest debts first, while paying back the small amounts of the largest debts. Once you manage to finish with the smallest amounts, you can fight against the biggest. There are several basic steps related to the snowball method:

– Make a list of your debts in ascending order (smaller to bigger).
– Set the amount you will pay for each item on this list.
– Pay the minimum amount for each debt.
– Use all available portions of income to repay smaller debts
– Once you have repaid a debt in full, add that same amount to the next smaller debt.
– Repeat for each item on the list

The theory behind this method is that once you have paid off your smaller debts, the amounts that were later used for these small debts accumulate to group together into a much larger amount that will help pay the larger debts. Although it will still take some time to pay off all of your debt, the results are instantly visible and will be very rewarding.

If the snowball method is not for you, there are other ways to focus on paying off your debts

debts

As mentioned earlier, the key to success in personal finance is not to live beyond your means. In terms of debt repayment, you must for all practical purposes earn more than you spend. If you are not able to achieve this goal, you will have to curb extravagant spending by being more frugal. Sometimes just bringing a lunch to work instead of eating out at a restaurant every day can save you a lot of money.

You can also get another job (without the expense of other factors in your life, of course) to provide you with extra income to pay back what is owed. In addition, selling things that you no longer use can help as well.
Do not put the debt back until tomorrow. It’s time to rebuild your personal finances if your debts choke you. Taking charge of your responsibilities will be a great stress reliever and your success will give you the motivation to stay out of debt in the future.

Credit Insurance – what is the ability to repay the loan?

Do you take out a loan and the bank requires credit insurance from you? On the following lines you will learn what this insurance serves, which types we distinguish, and under what conditions it really pays off.

What is credit insurance and what is it for?

What is credit insurance and what is it for?

Credit insurance (or ability to repay insurance) is one of the special types of insurance. It is used for a situation where the debtor’s loan cannot be repaid for a long time, either due to his death, a serious illness or a sick leave.

Repayment insurance does not have to be negotiated solely from the voluntary will of the debtor; it is also a frequent demand from lenders, especially when it comes to high amounts. By doing so, the bank and the debtor gain certain security or certainty that the debt will be repaid even under adverse conditions.

Credit insurance is commonly offered in 3 basic types, depending on which of the insurance claims they cover and is based on. The insured then chooses a specific type of insurance depending on the situation in which he / she is currently (from a health or professional / job site).

Insurance covers risks:

  • A. Death and permanent disability
  • B. Death, permanent disability and long-term disability
  • C. Death, permanent disability, long-term disability and loss of employment

However, the conditions for paying premiums are more complicated. Common rules include:

  • In the event of a job loss, insurance companies set a waiting period of up to 90 days, which in practice means that if you lose your job within 90 days of arranging your credit insurance, you are not entitled to the premium payment.
  • The insured person must be registered at the employment office for at least 60 days in the event of a job loss, previously he is not entitled to the insurance. So remember your own reserves for the two months mentioned.
  • Similarly, temporary workers are not normally insured.

And isn’t it just throwing money out the window?

And isn

If a bank requires insurance from you, nothing can be done and if you want a loan, you have to accept it. Conversely, if you intend to negotiate this insurance for yourself, consider whether or not you are in a situation where repayment insurance makes sense.

  • Credit insurance makes sense, for example, if your person is dependent on a second person (s) (eg family members).
  • Also consider how you are doing with reserves. If they do not cover the repayment in case of incapacity for work or long-term illness, consider the insurance in reality.

In conclusion …

In conclusion ...

Take into account that insurance companies set different exclusions from the payment of credit insurance. Therefore, create your own reserves in case your insurance company turns to you and do not rely solely on its help.

Payroll Loan

What is the Payroll Loan?

What is the Payroll Loan?

It is the loan that is deducted directly from the payroll. The installments already go directly from the company to the bank where you contracted the loan.

As the risk of the bank not getting the loan back is quite low, interest rates are also quite low.

It is one of the cheapest loans on the market and can help you a lot if you need to consolidate several more expensive debts into one.

How much can I get from Payroll Loan?

Payroll Loan

This depends on your salary and the bank’s interest rates. The rule is that the installments cannot exceed 30% of their benefit.

Therefore, planning your finances is critical. Is it worth reducing your monthly benefit to gain access to this loan?

Consignment for Retirees and Pensioners

Pensioner loan

Since payments made by the INSS are stable and occur all over the country, there are several payroll loan options for INSS retirees and pensioners, at very low-interest rates.

The interest rate on the personal loan can vary from 2.97% to 17.90% per month (42.08% per year to 621.38% per annum) and the repayment term of the loan is 3 to 24 months. The CET may vary depending on the credit analysis and the number of plots. The CET and all conditions will be displayed before the proposal is formalized. Please check carefully before you digitally sign.

Example: A loan of R $ 3,000.00, paid in 15 times, with first payment 60 days after signature of the agreement and interest rate of 5.99% per month (100.99% per year), will result in 15 installments of R $ 334.69 including tax (IOF) of R $ 68.89. The Total Effective Cost (CET) of this simulation is 6.20% per month (107.95% per year).

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