Just another WordPress site Thu, 18 Apr 2019 12:14:50 +0000 en hourly 1 Interest calculation loan – TAN, TAEG, how much do I really pay? Thu, 18 Apr 2019 12:14:50 +0000 The loan interest calculation is very useful if you intend to ask for a loan that will have to be repaid in months or years.

The loan interest calculation is very useful if you intend to ask for a loan that will have to be repaid in months or years.

Opening a loan is never a simple decision: often, this option is chosen for an immediate economic need, which cannot be postponed. However, requesting a loan also means being in debt with the bank or financial institution that grants the loan: it is therefore preferable to prepare in advance, comparing the offers, increasingly present even online, and choose the best one. To be able to compare better, the calculation of online interest is an important step.

First of all, however, you need to decide which interest rate to calculate. Generally, two are considered: the TAN , Nominal Annual Rate, and the APR , Effective Global Annual Rate. Knowing the differences between these two interest rates is fundamental: the bank will probably indicate the TAN in its offer, but in reality the APR is a more comprehensive measure of the expense that awaits you.

The TAN is in fact the effective rate that will help determine the amount of each installment, and therefore of your payments to return the loan received. This rate is determined on an annual basis as a percentage of the capital disbursed by the creditor institution. As such, this is the rate you will be presented by the bank you contacted. However, care must be taken because you will have to face other expenses that the TAN does not indicate.

This role is played by the APR, a rate that is not used to determine the installment, but takes into account the incidental expenses to which the applicant will need to be able to access the loan (preliminary costs, practical closure costs, mandatory insurance costs, tax charges as stamp duty and other expenses). And online calculation tools will often give you APR as a result.

Just enter the duration of the loan, amount of principal and installments, and less often, the frequency of the installments. At this point you can compare the result APR of the loan interest calculation with the TAN that the bank will offer you, to understand if this financing is really convenient . In fact, some expenses that are included in the calculation are excluded from the TAN: therefore the bank could present itself with an apparently convenient offer, but which in reality provides for significant additional expenses.

]]> 0
Loan calculation: financing Sun, 07 Apr 2019 11:24:50 +0000

The calculation of loan clarifies the costs of a loan contracted , which deals with employees and public pensioners.

In fact the public body that managed the social security and credit treatments of those who had worked in the public sector: today, these functions have been assumed by the Joint Management of Public Employees , the National Social Security Institute . Therefore, it is very easy to come across loans: to access them, it is first necessary to be registered in the appropriate register of the Unit Management.

To calculate the installment of loan it is first necessary to clarify what type of financing is being considered. For example, if you choose the fifth sale option, the monthly installment will have an amount strictly related to your monthly income. The installment cannot in fact exceed 20% of the monthly salary or pension amount, taking into consideration an interest rate that is always present. Due to these characteristics, a loan with a salary-backed loan is open only to pensioners and employees.

However, also proposes other forms of credit. The simulation of the loan concerns, for example, a loan addressed to members of the unified credit and social services department of the , also known as the credit fund. Subscribers, ie public or retired workers, can access small loans for an amount equal to 1, 2, 3 or 4 months salary or pension. Also in this case, therefore, the calculation starts from the value of one’s monthly income. However, other elements must also be taken into account, such as the repayment terms, the rate of the installments and an interest rate. The small loan currently has a nominal rate of 4.25%. The simulation of the calculation of the small loan must start from all these factors.

The calculation of the loan for state employees, however, benefits from some advantages compared to simulating a loan from a private bank: the very fact of taking out a loan in agreement , guarantees in fact a certain extra security and therefore an economic advantage to monitor.

]]> 0
Loans regulation: the various forms of financing Sun, 07 Apr 2019 11:23:27 +0000

The regulation of loans was a useful document which collected all the information on the types of credit offered by this public body.

The regulation of loans was a useful document which collected all the information on the types of credit offered by this public body.

Today, the functions of the have been absorbed , the National Social Security Institute. The credit management includes all the forms of financing that still guarantees to public employees or pensioners. The fundamental requisite for being able to take advantage of these credit treatment is the registration to the Unitary Management of Public Employees.

When it was still published, the mortgage regulation described the main categories of funding provided by the institution: small loans and long-term loans, which still exist today. The small loan corresponds, depending on the consumer’s choice, to 1, 2, 3 or 4 months of his income: salary from public work or pension. As the name implies, these are small loans, very useful for overcoming temporary economic difficulties or sudden liquidity shortages.

The small loans provided today then provide for different amortization plans, depending on the amount received on loan: if a monthly payment has been obtained, it must be repaid in 1 year, if two months have been received, the reimbursement will last 2 years and so on. An interest rate is then paid to the bank which, in agreement , actually provides the loan: the nominal annual rate currently consists of 4.25%. You must then pay tax rate for administrative expenses, equal to 0.5%, plus a quota to be quantified to be allocated to the Risk Fund.

The regulation of loans provided instead that the financing for the purchase of a property on favorable terms could be used only to buy a house used as a first home. Interest rates were however subsidized and were usually fixed, hovering around 3.75%. If instead a variable rate mortgage had been chosen, the starting index would have been 3.50%, to then follow the trend of the Euribor. Today, manages this type of credit as well.

]]> 0
Payday Loan Fri, 05 Apr 2019 12:24:49 +0000

The financial loan market has many options that can leave those who need money confused.

One of them is payday loan , a modality similar to personal loan but it has some basic differences that make the difference in choosing the best one in your case.

What is payday loan?

What is payday loan?

The payroll loan is a type of personal loan, that is, that loan granted to individuals for use in different purposes.

The personal loan can be either secured or unsecured. The guarantee is insurance that the applicant presents to the transferor of the money to ensure that the payment of the installments will be made.

In the case of payroll-deductible loans, the collateral is the signed-in employment of the applicant or the retirement income.

This is because the payroll loan is characterized by the discount of the installments directly from the applicant’s payroll, that is, from his salary or from retirement.

What are the advantages of a payroll loan?

What are the advantages of a payroll loan?

Like all secured loans, payroll deductible loans offer more consideration.

It is possible to achieve lower interest rates and longer payment terms, depending on your credit rating.

In addition, you do not have to worry about paying the installments, since they will be discounted before you even receive your payment.

What is the difference between payroll and personal loan?

What is the difference between payroll and personal loan?

The payday loan is much confused with the online personal loan. However, the two modalities are intended for people with different profiles and needs.

While the payroll deductible loan was made for retirees, INSS pensioners, public employees or with a formal contract, needing to have an account with the financial institution, since it will withdraw the value of the installments in the bank account itself.

Already the personal loan any person (above 18 years and with active CPF) can apply for a personal loan. The values ​​and deadlines vary greatly according to the company and the credit analysis.

How to simulate a paycheck loan?

How to simulate a paycheck loan?

The categories eligible to contract payroll loans are: retirees or INSS Pensioners, Public Servants, Armed Forces Military and Private Enterprise Workers.

Each of these presents minimum ages and different payment terms. But in general, it is easy to get credit for anyone who is included in any of them.

The payday loan application can be made totally online. By choosing the financial one of your choice, you can simulate the conditions and send the documents online to receive the money.

It is possible to obtain values ​​between R $ 200 and R $ 3000, with fixed interest rate, depending on your credit assessment.

For this, you can do the simulation directly on our site, tell us a little about yourself and wait for the answer in a matter of minutes.

If you require a verification of the registration, we will contact you to confirm some data. And if the answer is approved, the money goes into the account reported within 48 hours.

You will have the amount available to use according to your priorities. In addition, we’ll give you some options to choose the best payment date and schedule yourself financially.

Do your simulation with us right now and request your personal loan online!

]]> 0
Coop social loan – How does it work? The advantages and to whom it is addressed Thu, 21 Feb 2019 12:33:47 +0000


The Coop Social Loan is a very convenient service especially in these difficult times from the economic point of view.

The Coop Social Loan is a very convenient service especially in these difficult times from the economic point of view.

As it provides zero opening and closing costs, zero transaction fees and above all zero account maintenance fees. For these reasons it can be interesting to understand specifically which are the advantages and how the Coop social loan works .

Coop social loans are reserved exclusively members and it is a great privilege, as these people will see a very competitive and free interest rate recognized and, above all, they will be able to count on a complete and professional assistance service. Thanks to the social loan, moreover, the cooperative can have sums to invest in the development and modernization of the sales network.

This is a very convenient and protected tool, which allows you to quickly have free payments and withdrawals available at competitive interest rates. Not only that, the members will also be guaranteed to best protect their savings.

The coop social loan is a tool available to cooperatives to collect resources that are useful to their development in a completely transparent and convenient way for members who, in this way, will be able to see a return on capital at the end of the year, in addition to accessing a series of useful services.

As a further guarantee for the members who choose the coop social loan, the cooperatives invest the money in reliable and liquidable financial instruments. For all these reasons, this type of loan is both affordable and protected and, above all, offers advantages both to the cooperative, which will find active support for growth, and to the members, who will be able to count on a series of dedicated advantages.

On all the sums lent, in fact, with the social coop loan an interest rate is recognized that allows the shareholders to preserve their purchasing power over time . Furthermore, members will always have the guarantee that the money raised through the social loan will be invested exclusively in low-risk financial products.

Furthermore, as of 1 January 2017, new rules have come into force that oblige members to book the withdrawal from the social loan booklet at least 24 hours in advance . Finally, all lending members will be able to use the membership card in affiliated shops to pay for the expense, charging it directly to the social loan book. 

]]> 0
Mortgage loan simulation: how to calculate it online Wed, 06 Feb 2019 12:21:12 +0000

Are you about to buy your dream home and need a mortgage ? You will surely have made the rounds of the various banks and lenders to get an idea of ​​how much this loan will cost you to buy the house, but are you not clear how much the installments will amount to? A very important tool is the one that allows you to perform a loan installment simulation , thanks to the various online calculators, to understand whether or not it is a subsidized mortgage.

A simulation of the mortgage payment may prove necessary if the loan repayment plan is not particularly clear, confusing the user.

A simulation of the mortgage payment may prove necessary if the loan repayment plan is not particularly clear, confusing the user.

In fact, when a loan is taken out, there is a longer or shorter period during which the borrower will have to repay the loaned amount, through the payment of periodic installments. However, the detailed plan for the repayment of capital, called the amortization plan, is not the same for all mortgages, given that the differences between the various types of financing for the purchase or renovation of a building are considerable.

The most important aspects that differentiate mortgages from one another and therefore affect the calculation of the installment are:

  1. the amount received on loan;
  2. the duration of the loan;
  3. the fixed or variable interest rate;
  4. the frequency of the installments (monthly, bimonthly or a wider period).

Thus, when you use one of the many online tools available for calculating the installment, it will be this information that is required: the result obtained will clarify what the installment will be for that particular type of loan. Some more sophisticated calculation tools will also provide you with a complete amortization plan , perhaps even distinguishing between the mere repayment of the capital and the interest expense, thus showing you the composition of each individual installment.

Just the interest rate is one of the most important variables to consider. The rate can be fixed, and not change for the entire duration of the loan (the same interest will be applied to each installment), or variable, changing over time, based on changes in a reference rate. It is therefore evident that the calculation of the rate with variable rate is more complicated.

There are therefore specific tools for the simulation of the mortgage rate with variable rate . Just carry out a simple online search, typing “variable rate mortgage loan simulation”. These specialized sites ask for some slightly more specific information with respect to the traditional mortgage calculation: therefore you will have to enter, in addition to the loan amount and the duration of the loan, also the fully paid rate (ie the reference rate that the bank will have communicated to you) and its percentage value, and the initial rate (same procedure). Obviously the two rates will be different if the mortgage is at a variable rate.

]]> 0