37000 Euro credit – right here – from 321 euros a month

You are interested in 37000 Euro credit, that’s clear. But how far have you already got on with credit planning? Only one last loan comparison, then the application? Or is your personal loan planning still in its infancy?

We are prepared for both. The affiliated credit comparison of creditend is one of the market leaders. Applicants who are still planning, expect below “compact information” about your loan, 37000 euro loan amount. In addition, an “example comparison” with 84 months duration (7 years).

37000 Euro Credit – Objective

37000 Euro Credit - Objective

Of course, nobody takes high credit, 37,000 euros is already a round sum, just incidentally on. Behind the loan application is in most cases a concrete goal. “Handfest” in the truest sense of the word, because the money is usually invested in a tangible asset. For 37000 Euro credit is a fancy new car in front of the door. Maybe even the right garage for it.

Others invest the money in their quality of life and a comfortable home. In all cases, the objective of acquiring a tangible asset supports the loan. The bank gladly accepts valuable goods as collateral. The physical security reduces the pressure on the personal creditworthiness of the applicant. For the bank, the loan in the amount of the mortgage lending value is secure.

Thus, the personal credit rating only has to cover the difference between the loan amount and the mortgage lending limit. Also, of course, provide proof that the borrower is permanently able to pay his installments.

Credit 37000 euros – what is the bank testing?

Credit 37000 euros - what is the bank testing?

The credit check for 37000 Euro credit runs on several levels. External information is provided by the Bank of credit bureau, directly from the applicant, proof of income and regular spending information. First to the credit bureau at credit, 37000 euros so a higher loan amount. For modern credit procedures is requested no longer necessarily the complete credit bureau excerpt.

Usually, the bank asks only the score. Depending on the bank, different scores are given with a specific weighting. For 37000 Euro credit, freely usable and without 2nd applicant, the rating should be “A”. The score in addition to significantly exceeding the 700 points mark. In terms of income and expenditure, the bank expects a salary that allows a sufficiently high seizure margin.

In addition, the comparison of revenue and expenditure must demonstrate a sufficiently high surplus. Because, only from the budget surplus, the borrower is able to pay his installments.

Which documents are to be submitted?

Which documents are to be submitted?

In addition to the salary statements, it is also often necessary to submit account statements. They show, in more detail than the budgetary accounts, whether the claimant is actually getting along with his money. Also, what are the actual regular costs.

Moreover, whether current risks exist. For example, with a salary account at the dispolimit, if there are chargebacks. A chargeback due to lack of cover is a sign of the “short-term insolvency”.

The situation would be very similar if the payroll account shows payments to collection agencies. In both cases, high credit, 37,000 is a lot of money, would be virtually impossible. The credit risk is much too high for the bank.

Credit examples – compare interest rates correctly

Credit examples - compare interest rates correctly

Most users of free credit comparisons trust technology blindly. Of course, the loan calculator can not know how good the personal creditworthiness of the searcher actually is. Thus, the comparison lists the interest rates sorted by the lowest initial rate. In the current comparison, the Scotbank leads the list. In second place is credit bankive and so on.

For the average person, this listing is for 37,000 euros credit, maturity 84 months, rather uninteresting. Finally, only those with TOP creditworthiness pay the favorable TOP interest. A realistic interest rate comparison is only possible via the “representative example” according to Coale. It shows the conditions for which at least 2/3 of the bank’s customers use the offer they are looking for.

You can also see how much risk the bank usually takes. The higher the interest rate according to Coale, the more risk-taking the bank decides.

Cheapest loan, 37000 euros to Coale

Cheapest loan, 37000 euros to Coale

In the current comparison of 37000 euro credit, freely usable with 7 years running time, the Intrasavings Bank offers probably the most favorable credit.

In the p.23 Coale example, the bank’s clients pay 3.29 percent APR on their loan. According to a representative example, € 37000 leads to a monthly installment of € 492.93 at a term of 84 months.

To the credit balance after 7 years and 84 installments thus to a total repayment of 41.405,96 euros. This results in a total of € 4,405.96 in borrowing costs due to the € 37,000 loan, which lasts 7 years.

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).