Bank loan interest rates – everything you need to consider

Bank loan interest rate We have the right overall solution for you. Having trouble with bank loan interest rates? Would you like to take out a loan to finance all of this? But you have the problem of poor creditworthiness or bad Credit Checker entry?

At this point, you will learn how you can easily get a cheap loan and avoid getting into one of the many cost-intensive credit interest loan cases.

Where can you get a bank loan

Where can you get a bank loan

For bank loan interest even with negative Credit Checkers or bad credit ratings? However, it is not always possible to apply for a grant for “bank loan interest” from friends or relatives. A Credit Checker entry or insufficient creditworthiness makes it difficult to apply for a loan from an ordinary house bank and to apply for a loan, on the one hand, the creditworthiness must be correct and on the other hand, there must be no Credit Checker entry.

You will be surprised, but you can get an offer even with bad credit ratings and without Credit Checker information. The reputable credit intermediaries are designed to help international financial institutions, companies with poor credit ratings or poorly rated companies take out a loan. The intermediary is essentially helpful in finding suitable external capital from a domestic or foreign financial institution.

The individual support can also be provided through pure mediation

The individual support can also be provided through pure mediation

And supplemented by debt counseling. If you would like financial advice or if you need support in preparing the application documents, a professional credit broker is of course also there for you. Due to the good business relationships of many intermediaries with less well-known financial institutions, there is a good chance that they will negotiate cheaper interest rates for bank loans.

This gives the intermediary the opportunity to justify a negative entry in the list of Credit Checkers so that it does not have as much information about the credit check. If such an application for bank loans were made to an existing house bank, it would almost certainly not succeed. These two intermediaries are the real specialists, particularly when it comes to issues such as interest rates for bank loans.

When it comes to interest rates on bank loans, a reputable intermediary will always act in your favor. The network is becoming increasingly popular among consumers for obtaining loans from foreign institutions, which means that the domestic house bank is being used less and less. In the case of bank loans, the interest does not burden the insufficient creditworthiness or a negative entry by Credit Checker as much.

Online loans are brokered here, which are in principle co-financed by Swiss credit institutions. With regard to the interest rate on bank loans, this group of people in particular has difficulty obtaining a loan. Private individuals with financial problems often have no way of getting a loan. In the event of indebtedness or poor creditworthiness, the financing opportunity is significantly reduced.

A Swiss credit business can be a sensible solution here

bank

It is a bond granted by a Swiss financial institution. This is an invaluable asset when it comes to issuing bank loan interest. But even with Swiss financial institutions, you cannot carry out a loan process without a certain credit check. The Swiss house bank also requires you to provide proof of income and securities.

The Swiss loan contract is a practicable option for bank loan interest with acceptable creditworthiness, even if you have a bad Credit Checker entry. The most important factors for good financial viability are low interest rates and good conditions. For many consumers, it is important that their loans are as variable as possible. All of this must include a sustainable financing option for bank loans.

On the other hand, there are various aspects that you have to consider so that nothing stands in the way of your balance as an intern, job seeker, employee, self-employed, student or pensioner: Basically, the expenses incurred when granting bank loans are to be estimated realistically. Therefore, do not borrow more than necessary.

If the need for funds has really been underestimated, the follow-up or additional financing can easily be used to compensate. Those who need a loan for bank loan interest must first assess their financial position and keep an eye on their own income and expenses. For example, it is a valuable support to state your expenses weekly and precisely: how much is spent on what each day?

It is important to be careful, correct and honest with all information about your own financial position and creditworthiness – especially when it comes to bank loans, interest rates, and careful, precise and honest with all information about your financial position and creditworthiness. This makes it possible to accurately and seriously depict your financial situation, which is very cheap in terms of your prospects for an immediate loan

If one gives the house bank the impression of a reliable business partner, taking into account the above information, it should basically work with the loan and thus with the interest on the bank loans.

Retirement savings: how to find out the amount on your individual account

According to the current legislation, each employer must annually transfer to the Pension Fund monetary contributions in the amount of 22% of the salary of its employees. From these contributions, the future retirement of employees is formed. The greater the amount will be transferred to the individual account of a person, the greater the number of points he will be credited. From the points scored depends on the size of the insurance part of a person’s pension. The amount of deductions will also affect the size of the funded pension (if the citizen has previously decided to send part of the insurance contributions to it).

Regularly monitor the status of your individual personal account – in the interests of each person. In this article we will tell:

  • how to check the status of your individual account;
  • what information does the Pension Fund report contain (on the number of accumulated pension points, the recorded work experience, the amount of pension savings);
  • how to use the information received.

How to get information about the state of a personal retirement account

How to get information about the state of a personal retirement account

The easiest way to get acquainted with the state of your individual personal account is to contact the portal of the State Service. To receive a report, you must enter your Personal Account on this popular site, and enter the query “accrual pension” in the search box. In the search results, the link “Check pension savings” will appear. At the next stage, you will need to go to the proposed link and click on the “Get the service” button.

Within one or two minutes you will receive a notification. It will contain files with reports from the Pension Fund in xml and PDF formats. They can be saved on your computer or sent to e-mail. This service is provided free of charge.

What information does the FIU contain?

What information will you get after opening the file?

Selected option to form a future pension

The report will indicate the method of forming the pension that you have chosen. There are only two possible options. It is possible to direct all 22% of the salary that an employer deducts to the formation of an insurance pension. Or you can send a portion of this amount (6% of salary) to a funded pension.

The older generation, born before 1967, have no such choice. All their deductions come without fail on the insurance pension.

What is the pension fund different from insurance? Cumulative contributions are credited to a non-government pension fund. This fund citizen chooses. NPF invests the funds in securities. Ideally, the insured person receives additional income from these investments. Retirement Retirement Retirement Retirement Retirement Retirement Retirement Retirement Retirement Retirement Retirement Retirement The amount of this pension depends on the amount of savings. The state funded pension is not indexed.

Number of retirement points and recorded employment history

Number of retirement points and recorded employment history

The second important point that is contained in the FIU report is the number of pension points accumulated by a person (the value of the individual pension ratio). Points are awarded to a citizen for each worked year. The number of points directly depends on the size of the employee’s salary (the amount of employer contributions to the Pension Fund). Pension points are collected only by those people who are officially employed. The higher the salary of a person, the more points he gets. Important: wages must be “white”, that is, not hidden from the state.

To be eligible for an insurance pension for their working life, each person must score a certain number of points. In 2019, the required minimum is 16.2 points. In the future, the minimum threshold will increase. In 2025 and in subsequent years, to receive an insurance pension, you will need to accumulate at least 30 points.

The size of the pension insurance will also depend on the size of the individual pension ratio. Pension payments are calculated according to the following formula: the number of points scored multiplied by the value of one point is added to the base fixed amount.

will increase annually. As a result, by 2024 the minimum experience will be 15 years.

Also, the document from the Pension Fund will contain information about the length of the work experience, which is taken into account for retirement ahead of time.

All information on employer contributions and accumulated pension points is presented in the report by year, starting in 2015. Since that time, began to operate a new pension law.

Separately, date on periods of labor activity of a person up to 2002, as well as from 2002 to 2014, are given. All information is presented by year, name of the employing companies, the average monthly salary, the amount of insurance contributions to the pension fund. All of the above data on the work activity of a person has been converted into retirement points. From the report you can find out how many points a person could score before the new pension legislation came into force (until 2015).How will the savings be paid? Payment of funded pension begins after retirement. In some cases, the employee is entitled to receive the entire amount of savings at once, or to pay off accumulated funds during a certain period (at least for 10 years).

How to use information about the status of a personal account?

Based on the FIU report, you can see how you earn retirement points. From them will depend on the size of your pension in old age. This document clearly shows how strongly the individual pension ratio depends on the number of years worked and on the size of the salary received.

The FIU report also reflects all recorded information about your previous work activity. It may happen that some period is not included in this report. In such a case, documents confirming the fact of employment should be collected in advance and submitted to the Pension Fund department. Based on the new information, your individual pension ratio will be revised and increased.

Banks and businesses: the theme of loan requires a change

Banks and businesses: the theme of “loan” requires change

Credit-bank-borsadelcredito

The access to loan for businesses and the provision of loan by banks are two obstacle courses that often struggle to find a meeting point. Whose fault is it? Of all and nobody: it is a problem of a system (management, evaluation and communication) that struggles to be rethought, which generates numerous debates and opinions and which we can see a resolution in a still too distant horizon. Banks and businesses must somehow change: who starts making the decisive move?

This is often discussed at conferences on the topic, such as financing the recovery: the challenges of loan to companies , the event presented by Banca Finanza a few weeks ago in Turin. Interesting insights about the prospects for changes in banks and businesses emerged from the debate.

The evaluation models of banks


The information assets available to banks to assess companies’ requests for access to loan is increasingly important. There are not only the “accounts” of the company (balance sheets, assets) and relations with the financial institutions of entrepreneurs: it is also important to consider the huge amount of data that applicants leave communicating on the web, in addition to development projects and to entrepreneurial ideas. The need, in short, is to manage a qualitative information asset of outline and perspective, so as to translate it into a more complete assessment of loanworthiness, not just respecting the old rules for loan lines (the company’s accounts and its heritage).

Patrimonialize companies
On the other hand, companies are called to become stronger and therefore be capitalized with the direct intervention of entrepreneurs. 98% of Italian companies are SMEs, ie small and medium-sized companies (often family-owned) whose assets are often not sufficient to guarantee solidity for the business project. But this is just the tip of a much larger iceberg in which critical issues accumulate ranging from unfamiliarity to managing corporate information, to the scarce capacity for timely financial planning, to excessive fiscal optimization (all of which we are deepening in the #Meritoloano initiative)

An example (to understand how things are)
In a nice article by Il Giornale, written by Guido Sirtori, the description of a typical case best portrays a historical moment in which banks and businesses need to respect precise rules and communicate according to a shared code. Here is the example in the article ( which we recommend reading in full here ):

” In the eighties a bar with a company structure of srl, a share capital of 1,500 euro, 50 thousand euro of fixed assets and 100 thousand of declared turnover (but in reality much higher) obtained in the bank a loan line of 150 thousand euros. Today the same bar, according to the rules of Basel 3, would have a loan of up to 10 thousand euros. And so the dilemma of the bank, with respect to this loan openness, is to assess the customer’s solidity or apply rigidly the rules “

Fast loan for small businesses without a house bank!

Credit for small businesses: thanks to Financial Technologies alternatives to conventional bank loans!

Urgently sought: Credit for small businesses, as an alternative to the house bank! In fact, the self-employed, small businesses, freelancers and tradesmen are often desperately looking for a short-term, fast financing solution to bridge a funding gap in the sense of a bridging loan.

Open payments, unexpected repairs, or unexpected back payments are just a few of the many reasons that can lead small businesses and the self-employed to financial hardship. A classic bank loan could help, but since the introduction of Basel III lending rules, this has become very difficult for small businesses.

Add to that, that one would like to stress the laboriously built up trust with the house bank only with short-term loan inquiries. In most cases, the house bank is not the right contact for short-term financing problems.

Financial Technologies company focused on short-term loan solutions and bridging finance

 

The primary financing needs of small businesses and the self-employed are short-term. Here unbureaucratic and uncomplicated solutions are required. However, conventional banks (including the house bank) usually run a business model that is geared to long-term loans (installment loans). They are thus hardly able to respond to short-term financing problems of their customers.

Our short-term loan solutions are the two Financial Technologies companies financinga and inancingent.

financinga for short-term loan for small businesses and the self-employed

financinga for short-term loan for small businesses and the self-employed

The Financial Technologies company financinga specializes in fast, short-term loan solutions of up to € 100,000 and maturities of up to 12 months. Its innovative credit-worthiness analysis technology allows fast credit decisions within hours!

With the financinga online platform, self-employed people and SMEs can apply for loans in just a few minutes, for example, to buy goods, settle unexpected bills or secure growth. Thus, the financinga loan offer is ideally suited for short-term financing solutions as bridge financing, bridging loan and for problem solving of unforeseen financing bottlenecks or liquidity gaps.

The Financial Technologies company financinga has been a test winner for short-term loan solutions for small companies, self-employed and business people for months!

inancingent for short-term loan for small businesses, self-employed and medium-sized companies

inancingent for short-term loan for small businesses, self-employed and medium-sized companies

The Financial Technologies company inancingent is known for its bank-independent and cross-product financing solutions for the self-employed, tradesmen and medium-sized companies. inancingent now offers short-term credit solutions for Employment Credit with special conditions!

With the Employment Credit, a loan solution is offered, which can be adapted quickly, comfortably and flexibly to the financing plans. From 10,000 euros, financing with a duration of between six and 60 months is possible. The loan amount can be taken up as low as 2.7 percent nominal interest without the need for collateral. The Employment Credit as a quick loan for small businesses, the self-employed and SMEs is suitable for all those who simply need a classic loan.

With the Employment Credit, customers can receive a loan commitment of more than € 100,000 within just 24 hours, with a maximum of € 750,000 within 48 hours 

For those in need of more complex financing, inancingent continues to provide expert and product independent expert advice on all financing products. See also:
SME tip: With one request, access to 220 financial partners and 1,700 subsidies!

Further tips for creditors for small businesses and the self-employed…

    1. Our advice: First study the credit requirements, and then submit the application! This saves unnecessary frustration and false hopes.
    2. Fresh capital through money from the state through state subsidy programs. More at: Subsidies for the self-employed, traders and SMEs
    3. The time-consuming search for funding does not have to be: Access to 220 financing offers and 1,700 funding programs with just one online request? Yes, that is possible! More at: SME tip: With one request access to 220 financial partners and 1,700 funding!
    4. With the financial portal inancingent the credit chances increase by 100%! Another advantage: you save 30% interest! More: SME tip: 100% higher credit chances and 30% interest savings!
    5. With inancingent you can choose from 220 finance partners for commercial real estate financing!
    6. Offers for credit for small businesses of different providers may be relatively different. Therefore: Always catch up on multiple offers and compare: With the credit formula can save up to 40% interest!
    7. Often forgotten: A financially strong guarantor always increases the chances of getting a loan (including cheaper credit terms).
    8. With small business loans, credit insurance can be helpful as extra security!
    9. In addition to a guarantee or credit insurance, there are other securities that increase the chances of a loan for small companies.

Everything else is found in our practice guide loans for small businesses and the self-employed.