Loans for new businesses

Loans dedicated to those who decide to open a business.

  

Choosing to start a new business can be extremely rewarding: creating a new idea, making new services available to the community can be very interesting for those who decide to start this new life. A choice that is usually accompanied by a series of doubts and difficulties. The historical period we are experiencing, the economic crisis, the political and employment crisis often discourages young people from starting a new activity. Often, then, you need a “boost”, a help: not all, in fact, have the necessary money to take such an important step for their future.
It often happens that those who decide to open a new business need access to loans that are generally non-repayable.
On the market there are numerous offers of loans dedicated to those who decide to open a bar, a shop or a restaurant. Those who decide to apply for funding, in fact, can choose between two different options: they can decide to access two options. Let’s see what:

– loans provided by banks;
– subsidized funds from the European Community.

Let’s examine the two types of loans.

Loans provided by banks to undertake new activities

As anticipated, on the market there are various forms of loans dedicated to those who want to open a new store and undertake a new business activity. We have evaluated, for you, the best proposals on the financial market. The banks that offer better contractual conditions in terms of financing. Let’s find out together.

– loan provider proposes the “Start Up New Businesses” plan designed exclusively for customers who wish to undertake a new business and need liquidity to invest in their project. The loan provider offer allows you to finance up to 100,000 euros . The maximum duration of the loan is 7 years. The customer can choose to repay the capital financed in monthly, quarterly or semi-annual installments. The interest rate proposed by loan provider is also interesting: you can choose between the fixed rate and the variable rate. In order to access the “Start Up New Businesses” funding, it is necessary to be registered with the Chamber of Commerce for no longer than 21 months. Furthermore, in order to disburse the loan, loan provider needs to obtain the release of the eligible guarantee, which must be equal to 60% of the loans granted. Among the other requirements there is also the contribution of own resources that must be at least equal to 30% of the investment plan that is to be realized.

– loan provider proposes the project which allows the client to request and obtain funding to undertake a new business activity. This is a very special loan because loan provider can also provide it for those who want to take over existing businesses. It is a type of financing that aims to help the client to undertake a new activity or to help an old company to develop and consolidate on the market.

The subsidized loans for the opening of a new activity

As we have anticipated, in addition to loans provided by banks, there are many funds born and designed to facilitate entrepreneurship. These are financial instruments that allow those who request them to receive non-repayable loans. They are:

    • subsidized loans for youth entrepreneurship. To be provided, the applicant must be a young person under 35 years of age.
    • facilitated loans to female entrepreneurship. These loans are normally issued by the European Union or by the Regions. To be eligible for this funding, at least 70% of the members of the new company must be female.
    • Invitalia subsidized loans. They are special forms of loans provided by the State. The assumption is the state of unemployment. This means that they can be disbursed when the members of a company or an individual are unemployed. These loans are granted for a specific purpose: to restart work and relaunch an activity.

Finally, in our examination of the financing to encourage the start of new activities, the loan of honor can not be missing . The latter is a type of loan that is disbursed at a subsidized rate. It allows to obtain a liquidity of up to 25,823 euros in the case of a natural person, up to 129,114 euros in the case of a partnership.
The loan of honor is aimed at all unemployed adults who have resided in Italy for at least 6 months. Thanks to the loan of honor, it is possible to start a new business and relaunch one’s professional career.

Loans to pensioners

Lately banks have been proposing numerous advertising campaigns in favor of loans to pensioners.

 

The relative ease with which this category can make use of a loan is linked to an ever-increasing increase in inflation, with a consequent cost, and to the fact that, having a fixed monthly income, the pensioner becomes one of the privileged subjects to be subjected to media hammering in this sense.

The transfer of the fifth is the system that allows pensioners of any social security institution to obtain a loan, returning the capital obtained through the payment of a sum not exceeding 20% ​​of the pension, which is monthly decreased by one fifth of its value. The maximum repayment duration is 120 months.

Unlike consumer loans, the sum disbursed is not aimed at the purchase of a particular good or service and therefore it is not necessary to justify the destination of the credit.
The pensioner financing institution must not assess the financial situation of the applicant and his family members: the transfer of the fifth is a single signature loan which, in addition to the pension, does not provide for additional guarantees such as mortgages, signatures of relatives, guarantors or guarantors. On the basis of these premises, this loan can be granted, subject to the creditor’s approval, also to protested or bad payers: the pension is in itself a valid guarantee against the risk of insolvency on the part of the debtor.

This loan is attributable to secured loans; in fact it is covered by a life insurance policy: the repayment installment is paid until there is a pension, or until the beneficiary is alive; otherwise, to cover the debt, insurance takes over.
The transfer of the fifth is an effective solution to deal with any financial problem. Also, protected by your pension manager, the borrower does not run the risk of running into unpleasant surprises.
The simplicity with which a loan is generally granted, however, must not make us forget the actual amount of a debt that, regardless of the sum paid, must always be extinguished.

Before carrying out this operation, which is not repeatable, it is necessary to carefully evaluate its real necessity.

Best loans 2019: fast, free, without payroll

We analyze the best loans , whether fast, free, without payroll , or conjugating both, which are currently the characteristics that most value the users of this type of loans.

best quick loans

Best loans: free up to 1000 euros

Among the best loans this year, I will comment on the one that allows you to get up to 1000 euros for free. This promotion is subject only to new customers.

In terms of operation is the standard of this type of mini-loans:

  • Be of age
  • Resident in Spain
  • With mobile phone
  • With a bank account in Spain

A particularity is that it admits clients in of up to 1000 euros when the origin of the debt is non-financial.

Best quick loans in 8 minutes

Another of the portals that, apart from having the first free loan offer for new customers, is characterized because they are fast loans, since in 8 minutes you have it available in your account, ready to withdraw from the ATM or buy with your credit card associated to the account.

To achieve this, it is also not necessary to open a new bank account, but to deposit it, as long as it is located in Spain, within 8 minutes, while no additional information is required.

Best loans without interest

Another option for quick loans at present , which also allows you to obtain up to 300 euros for new customers completely free of charge.

The only requirement that is somewhat more restrictive than the rest is that it requires a responsible loan: that is to say that you have about 500 euros of fixed recurring monthly income, be it payroll, pensions or unemployment benefits (unemployment).

In this way they ensure that the client’s risk is lower for them and in turn that the client has real minimum resources to repay the loan with minimum guarantees.

 

Best loans without payroll

Another of the best loans without payroll . In this case it does have interests for new clients, but its simplicity and because they do not ask for payroll or endorsement makes this portal one of the most attractive options for this year.

You can request a first loan of up to 1000 euros and return it within a maximum period of 35 days if it is the first time and then you can extend it up to 65 days.

In short, I have done a review of the best loans this year, whether without payroll, fast, and free for new customers, and although there are more options that we recommend you take a look on our home page, it really is the more attractive today.

Loans without payroll, endorsement: mission impossible?

Finding loans without payroll is not an impossible mission.

loans with ASNEF with endorsement

I’ll show you some portals that accept clients, even without endorsement , payroll instantly, and even with endorsement and, on the other hand, I will comment on the fine print of these, such as interests , other requirements and conditions that you must also have account when accepting this type of loans.

Loans online: requirements according to the entity

The first thing we have to take into account is that almost 100% of the online loan portals deny operations when they verify that the applicant is registered in the list, really the approval criterion of the few portals that do. allow is different in each entity.

For example, one of the micro loan portals that allow clients that are in the delinquency register .

You can request up to 500 euros to return in a maximum period of 30 days The interest, logically, are higher than in other portals, being, for a loan of 500 euros to return in 30 days of 155 euros.

Here the criteria for granting or not granting the loan is not clear, since the applications are reviewed 1 to 1, although as a general rule, they seek to meet the following requirements:

      • That the amount of the debt in is less than 800-1000 euros
      • That the debt is not with banking entities
      • That there is not more than one debtor who has registered the client in

Loans without payroll and without guarantee

Another of the loan portals with fast payroll that effectively accept clients, although in this case, the criterion is more lax, accepting debts in without any problem.

To get money no need to attach payroll or endorsement from friends or family, because simply with your personal data and an Instantor type system allows the verification of your bank payment history, which is more than enough information so that they can decide whether to grant the loan or not and thus forget about paperwork.

The interest is 30% monthly TAE The transfer is made within 10 minutes, you can physically withdraw the money or use it for what suits you best Allow you to request up to 600 euros per loan

Fast Loans Instantly

Another portals that works well, although as an inconvenience has that the amount you can request is limited to 250 euros .

Here allow customers , but with a debt that does not exceed 1000 euros, so it is another alternative to take into account.

The request is answered in practically seconds after sending the form, and in a matter of minutes you can have the money quickly in your account.

Loans with endorsement

Finally, I have chosen as the final option, and I really only recommend it if the previous options have not served you, either by appearing in for larger amounts, or because you really need a quantity of money that does not solve all the portals previous For this case, you can request up to 300,000 euros (this will depend on the amount of the assets with which you endorse), .

Personally I advise against using this last portal unless the situation is critical, since the inherent risk of putting a property as collateral is that it can be executed, partially or totally, in the event of default

In summary, I have shown that there are different alternatives so that a person who is in can get a loan of money quickly and easily, without being asked for payroll, endorsement, although in some cases, inexorably for the personal situation, only the option of loans with endorsement can be used, something that I advise is used as a last resort.

Saves on a loan

Research has shown that many people regret their loans; because of the high interest rates or an income reduction due to job changes.

Consumind Finance recently started saving savings on current loans. For example, we helped a client this month to reduce the interest on the current loan and ensured that he repaid the loan 34 months earlier. This has yielded a saving of € 1,120.

Lowering interest from loan and repaid earlier

This month we came into contact with a customer. He had a credit of € 10,000 with an interest rate of 8.7%. Of this credit, € 7,000 was still open to repay. With his lender, he had to repay € 100 each month in 91 installments. This means that he still had to pay € 100, – x 91 = € 9,100 for the loan.

Thanks to the help of our expert employee, the customer now pays 5.8% interest to another lender for the loan. Mr. will pay the € 7,000 in 57 installments, by paying € 140 per month. In the new situation he therefore pays 57 x € 140 = € 7,980 for the loan.

The customer has two advantages thanks to this change: he has been relieved of his loan 34 months earlier and pays € 1,120 less for the loan.

Do you have a current credit, personal loan, credit cards or outstanding amounts with mail order companies such as Wehkamp? We would also be happy to help you save on your loans free of charge , so that you have more money left and / or have previously repaid the loan.

5 Tips to apply for the best instant loan online

Cash Loans are very useful for resolving emergency situations or acquiring a monetary amount quickly to cover an opportunity expense.

700x350 hombre mujer

For any situation the first and most important thing is to inform yourself before committing yourself. This may be obvious, but sometimes by requesting it quickly we do not notice how we are accepting the terms of use and conditions.

 

1. Investigate

Do not limit yourself to choosing the first lender you find, compare options in interest rates, penalties for late payments, etc. On the internet it is now easier to obtain a lot of information about almost everything, visit their website to learn more, read their terms and privacy policies, etc., even check their social networks to find more personalized information.

 

2. Know your money limits

Do not ask for a loan of money if at the moment you do not have the ability to pay.

This can trigger a debt cycle for you and is simply a source of stress that you do not need to burden. If you are in an emergency situation and you need to advance your fortnight, know your income and expenses so that you can make a calculation and how you can pay comfortably and within the agreed period.

 

3. Consider your situation

Why are you applying for a loan? Is the amount you need adequate? In what time can you liquidate it?

The main concern with some lenders is the high interest rate that can be accumulated. For emergencies or unexpected situations, this will not necessarily be a problem if you take the payday loan rate into consideration for your amortization budget. Loans are a fantastic tool when used correctly, providing short-term relief in unusual financial circumstances. It is recommended to use only when necessary, to avoid the risk of delinquency or the need to obtain another loan to make payments.

 

4. Pay attention to details

All agreements and financial contracts are legally applicable and have a set of rules to be followed. It may seem like a waste of time to read them, but for that they are, to be reviewed and to identify the favorable aspect, benefits and obligations.

Make sure you read the privacy policies and the way they handle your private information. Is it safe to provide the data? If you can not find the answer on your website, do not hesitate to call them and find out.

We know that not only do you want to have confidence in the ability to pay, you also want to be sure that personal data will be safeguarded correctly.

 

5. Apply online

Before making the request it is important to read the requirements that are requested and be sure to comply with them (Minimum age required, official identification, bank account statement, Interbank, healthy credit history), as it will be necessary to have the documents in hand when filling out data and uploading files. (Have at hand in digital scanner or photo an IFE and a bank account statement).

Close civil servant loans? That saves you a lot of money as a civil servant

They can choose the very best for a special civil servant loan. More information about this special loan for civil servants can be found below.

 What is an official loan?

What is an official loan?

But now the question: What is an official loan? This is a new type of loan which is to include can close. ‘Among other things’. Because several Dutch lenders advertise with this. Only civil servants can borrow money with this special loan application.

What is the advantage of such specific officials financing?

That is a good question. Why should you apply for an official loan as an official ? What makes this financing different from any other? Now you should know that an official loan does not essentially differ much from regular loans, loans that anyone can take out. The civil servant loan is therefore simply a personal loan or a revolving credit.

The public funding is useful for any civil servant who is looking for a cheaper loan. These loans are therefore cheaper and, as an official, you can borrow money at much more favorable conditions.

Why are officials nominated by lenders?

Or you can speak of pretense, that is of course the question. However, it is a fact that civil servants (in general) offer more security for a bank. They are often certain of their jobs and all kinds of studies show that civil servants are very reliable payers. This means that they have a better payment morale than average.

Banks are happy to lend money to this group of workers. A credit intermediary such as responds to this. They only deal with loan applications from officials. For this they work together with a number of lenders . The partners of civil servants are also entitled to this loan. And the same applies to semi-civil servants.

Various types of civil servant loans for civil servants

As we have already mentioned above, officials have built up a very good reputation with banks and credit providers. They usually pay their loyalty loyalty and have a high job guarantee.

Because lenders are less at risk when lending to officials, they charge less or no risk storage. This means that the official can borrow money at a lower interest rate. That is why government loans are generally much cheaper. There are different types of civil servant loans for civil servants.

You can apply for this in the form of a personal loan or revolving credit from a specialized lender such as . But also with other credit providers such as Freo, Frisia, VDZ, Credit competitor and so on.

The personal loan (PL)

The personal loan , also abbreviated with ‘PL’, is one of the most popular forms of lending in the Netherlands. You can determine the loan amount yourself and you opt for a fixed term. Even before the end date has elapsed, you can pay off the loan.

The advantage of this loan is that the interest is fixed. Because this does not change, you always pay a fixed monthly amount of repayment and interest. This is called a monthly term. As a civil servant you can usually borrow up to 75,000 euros with a personal loan. A term of up to 120 months is the maximum.

Nowadays you are free to pay extra money without penalty. The personal loan is a reliable loan. You know what you are signing for. The interest rate does not change during the term and you will be guaranteed to redeem!

The revolving credit (DK)

The revolving credit is a consumer credit that can go on indefinitely. This means that you can always withdraw the redeemed amounts. Officials opt for the personal loan more often than for the revolving credit.

Incidentally, the continuous credit is also being requested less frequently by ‘regular employees’. But that aside … You also choose a loan amount with this credit. You will not be credited this amount to your account in one go. You can use a credit limit. This means that you can pick up parts of it when it suits you.

You pay interest only on the amount you withdraw. You will pay off part of a monthly amount, but you have the freedom to reinstate redeemed amounts. It can therefore be difficult to fully repay the debt for a certain end date. A disadvantage is also that interest can vary. The bank uses a variable interest rate.

Therefore borrowing money with a revolving credit can become more expensive over time.

You are a civil servant? Lucky you! You can borrow cheaper money …

As an official you are extra cheap with a special official loan. This is because banks calculate a higher interest rate for consumers who do not pay off their credit on time. Civil servants, on the other hand, are known as loyal payers. Because they have a better payment mentality than average, banks charge less or no risk storage. Your interest rate is therefore ‘storage free’. Lucky you!

Benefits of civil servant loans:

  • Faster acceptance by the lender.
  • Favorable loan conditions.
  • Borrow money because you are not a risk case.

Cons:

  • Only suitable for civil servants (and their partners) and semi-civil servants.
  • The conditions can change during the term if you are no longer an official.

Loan conditions for civil servants

Do you work in the public sector? Then you are eligible for the civil servant loan. Do you work with the government, the province or the municipality as a municipal official? Then you can borrow cheaper money with a loan for civil servants.

This also applies to civil servants who work at the police, the water board, in education or as employees in healthcare. Civil servant partners can also apply for an official credit. Most (semi-) civil servants take out their loan via .

Guide to online loans

In the field of online loans, the market currently has several perspectives.

 In general, as regards a loan, of any type, it is necessary to analyze the so-called risk policies:

Faced with a wide range of products, provided by numerous financial interlocutors, the consumer has to examine the greatest possible number of offers, to identify the conditions most suited to their needs.

In general, as regards a loan, of any type, it is necessary to analyze the so-called risk policies:

Being a product by its own risky nature for the body that grants it, there are binding parameters that make it inclined to grant the loan and that vary from one company to another. The most relevant factors that are evaluated are:

the amount of the loan requested (normally for a sum higher than 7,500 euros it is necessary to provide more guarantees)
income level of the customer (a loan of more than 7,500 euros can be granted only if a certain ratio is observed between the installment established and the income of the interested party)
creditworthiness of the applicant (assessed on the basis of his past in the financial field or previous insolvency).

The main elements to be taken into consideration when signing a loan agreement are the TAN (nominal annual rate); the APR (global effective rate); the costs of the preliminary investigation, the collection of installments and the sending of an account statement; insurance coverage; any early termination penalty.

Credit or financial agencies are authorized to provide capital in exchange for paying interest on the loaned money. Banks are the place for granting funding, but often require uncompetitive conditions and interests compared to other specialized bodies. However, for mortgages customers usually turn to the banks themselves, because they are judged to be more reliable, while for loans they prefer small agencies which, being subject to lower costs, offer more favorable conditions: there are numerous agencies specialized in personal loans that they can help.

Where to apply for a personal loan: advantages and disadvantages

Requesting a personal loan carries an important responsibility.

 Pros and cons of the personal loan

And this is because a debt is contracted with a financial institution, and we must be in a position to face it once the term expires. Therefore, before applying for a personal loan, we must know what are the options we have, and what are its advantages and disadvantages:

Pros and cons of the personal loan

Bank entities

  • Advantages: The best thing about requesting a personal loan from a bank is that we can get much larger amounts of money. We would be talking, for example, mortgages or credits to buy a car.
  • Disadvantages: First, the obstacles and obstacles that hinder obtaining the loan, starting with guarantees such as payroll, endorsements and others and ending with the amount of paperwork that is necessary before the loan is granted.

Public bodies and groups of investors

  • Advantages: In the case of public bodies, they usually offer a somewhat lower interest rate. On the other hand, private entities offer a greater margin of negotiation.
  • Disadvantages: As when applying for a personal loan through a bank, the main drawback is the amount of paperwork to access the credit, which is a great slowness when granting the loan.

Quick personal loan entities

  • Advantages: If what we need are small amounts of money, they have many more advantages than the other options. Among them we find the speed both when granting the credit and when returning it, especially if it is a personal loan over the Internet, or the absence of paperwork, since in the case , no payrolls or endorsements are required, only the DNI .
  • Disadvantages: The main drawback is that the amounts of money in fast personal loans are usually much lower than those offered by a bank.

Now that you know all the pros and cons of the various lenders to apply for a personal loan you will not go wrong in getting your credit.

Existing loans

All types of loans existing today.

All types of loans existing today.

Finalized or not, the loans differ by various factors such as the sum disbursed, guarantees requested by the lender, credit history of the applicant, destination of the credit, personalization of the repayment and possibility of obtaining concurrent loans.
There are several categories of loans dedicated to individual consumers; to be able to use it, you must be employed (private, public, state) with a fixed-term contract, or self-employed and have a life insurance policy. Retired people and companies can also make use of these services which, in particular, are:

Personal loans (not finalized): loans not subordinated to the purchase of a specific good or service; the sum is paid directly to the contractor.

Revolving credit : financing for the purchase of goods and / or services, which belongs to the type of consumer credit . It usually provides for the use of a credit card at shops affiliated with the issuing company. Alternatively, you can request a sum of money directly from the relevant financial institution.

Installment financing : generally required by a reseller of goods or services and repayable through installments over time (the seller, in addition to the purchase price, receives a commission for the loans granted).

Assignment of the fifth : guaranteed loan method that provides for reimbursement through monthly fixed installments held directly on the paycheck or pension of the applicant, this amount can not be higher than the fifth part of the salary or the pension itself valued net of withholdings.

Loans to employees : required by all those who have a subordinate employment contract, they are one of the most requested types of financing in our country. Employee loan conditions are particularly advantageous due to the instant guarantees an employee can provide to the financial institution (the salary and the amount of severance pay). They are granted without particular problems even to bad payers and protestors.

Extra transfer and voluntary assignment (without payroll deductions): allow permanent employees of medium-sized private companies to obtain higher amounts than the aforementioned methods.

Delegation of payment (Double fifth) : reserved for public employees, can be combined with the assignment of the fifth and allows to obtain an amount equal to 40% of the salary.

Debt consolidation : through this type of credit, currently in great demand, it is possible to obtain a loan or a mortgage in order to settle other loans in progress; it is useful, if more concurrent loans are active, to combine all the installments into a single solution, lowering the total interest rate.

Small loan : granted to INPDAP public employees up to a maximum of 10,329.14 euros; workers who receive a fixed and continuous monthly salary, enrolled in the “Autonomous Unit Management of credit and social services” are entitled to this loan.

Guaranteed multi-year loans : this is a INPDAP guarantee for loans against certain risks: reduction of the transferor’s salary, termination of service without pension entitlement, death of the member before the assignment is extinguished.

Inpdap loans : solutions granted to employees and retired former INPDAP (now INPS), are characterized by very advantageous and engaging financing conditions. Granted by the method of assignment of the fifth, they are repaid by deduction of the installment from the net salary or the net pension. Since the INPDAP institution took care of the pension management of state employees, when it comes to ex-INPDAP loans it usually refers to solutions designed for employees and retirees in the public sector.

Loan : the payment of installments through bills of exchange allows all employees of private companies to obtain financing without deductions even in the presence of previous credit problems.
Loan on policy : allows the customer to benefit from a loan by providing the guarantee value of the redemption of their life insurance policy.

Financing purchase of cars, motorcycles and mechanical vehicles : offered by many dealers to facilitate the purchase of cars, motorcycles, agricultural and mechanical vehicles in general (new or used).
Mortgage loan: with long-term interest, for the purchase, construction or renovation of one’s own home or another real estate unit.

Advances on invoices and contracts : a system to release receivables and put money back more quickly in the economic flow, profitable for activities involving very short-term collections.

Periodic receivables : credit method requested by a customer in favor of third parties in case of temporary transfer of a person to another place, also useful for companies with the need to finance employees abroad for work reasons without materially moving the money.

Evergreen : with this type of credit, a company can have pre-established capital up to the revocation of the parts (company-customer and provider).

Factoring : contract through which a company transfers, in whole or in part, its receivables to a company that anticipates and sometimes ensures payment on commission.
Hot money financing : type of loan suitable for medium-sized companies with an immediate credit need.

Stand by : a financial allows the repeated use over time of a soft loan agreement by a medium-sized company with a constant need for credit over time.