Request the Best Online Loans, the 5 things you need to know!

How to apply for the Best Online Loans?

Are you looking for the best Online Loans and do not know which one is the most convenient? Most of the employees and retired workers who come to us are suffering from bad experiences. The thing that makes you think is that it is usually the large lenders to leave some discontent in them. In fact, we note that the lack of clarity of many “professionals” in the sector is unprofessional.

We will clarify these 5 basic points :

  1. What are the differences between TAN and APR ;
  2. The false myth of the zero rates;
  3. What are the hidden costs of the Personal Loan ;
  4. How to choose a mortgage carefully ;
  5. Apply for a loan even when reporting to the CRIF.

What are the differences between TAN and TAEG?

The TAN (Nominal Annual Rate) is the interest rate that applies to a loan, or the extra amount that will be returned to the Bank or Finance at the end of the year, accrued on the amount received. At TAN you will have to add some expenses, that is, the costs of the practice, insurance, and stamp. The TAN with the expenses listed above form the APR. The latter provides a single indicator that makes the convenience between two estimates simple and immediate, the one with the lowest APR will be the most convenient loan. We always recommend our customers to make sure of the actual cost by comparing the APR, avoiding unpleasant surprises later. Read the full article on the differences between TAN and TAEG!

What’s true in the Zero Rate?

In the Consumer Credit (Personal Loan) that usually offer auto dealerships, we find this mysterious zero rate. What is this rate really? Let’s start by explaining that there will never be a zero-interest loan. Where you find this type of advertising slogan, you will pay for the product you would like to buy at a higher figure than on the market or as explained in the previous point, the TAN will be at 0 but the APR will be at a much higher figure. To avoid unpleasant surprises, we recommend to our customers the financial product Cessione del Quinto, with fixed and monthly deductions on the paycheck or pension or otherwise another type of clear and transparent financing.

What are the hidden costs of the Personal Loan?

Personal Loans are in great demand due to the speed at which they are delivered- more info here.

The costs to which almost nobody dwells are:

  • The payment costs of the bulletin;
  • The costs of collection and those for periodic and mandatory communications (which in any case are paid);
  • Any extinction expense ;
  • Costs related to credit insurance.

So pay attention at all costs that you may not need and evaluate if you can avoid these expenses, you can also change the type of financial product if you were not convinced.

How to choose a mortgage carefully?

Mortgage Loan is a form of financing that usually takes to buy a house. This type of loan requires a mortgage on a property and a guarantor, the reimbursement will instead occur in installments of a constant or variable amount, usually monthly or half-yearly. Mortgages are divided into mortgages with constant installments and mortgages with variable installments, we immediately discover the differences. Mortgages with constant repayment are suitable for those who have constant income and want to plan in advance the amount to be paid to the bank. The fixed rate even if on the first impact may seem higher than the variable rate, guarantees greater security precisely because it is not subject to market changes. The variable repayment loan, unlike the previous one, is designed for people who can bear a significant increase in the monthly payment or who have expectations of income increases. In this case, the initial rate is lower than the fixed rate, but, precisely because it is variable, it can increase based on the performance of the financial market.

Apply for a loan even in the presence of reporting to the CRIF?

To request a Personal Loan with reports to the CRIF, it will be necessary to verify the cancellation, as the credit reputation of the client must be “clean”. The real advantage is given by the Cession of the Fifth, as it allows to operate also with reports, foreclosures, and protests. The installment, being held directly in the salary or in the pension, will not require any guarantor, the only guarantee required will be the paycheck or the pension. In conclusion, through Cessione del Quinto, you will not need to obtain further guarantees and your credit reputation will not be assessed. On the contrary, with the Personal Loan, you will have to give the necessary guarantees to support the repayment and as we have seen in the previous points, you must also have a good reputation with the banks. Find out how to get the best loan to reported CRIF!

THE CDTI INVESTS MORE THAN 56 MILLION EUROS FOR BUSINESS R & D & I PROJECTS

The approved initiatives will employ almost 900 workers, most of them highly qualified.

Image result for employ people spain

The Board of Directors of the Center for Industrial Technological Development (CDTI), a body under the Ministry of Economy and Competitiveness, has approved 103 new R + D + i projects with a total budget amounting to 75.5 million euros. The CDTI will contribute 56.8 million euros, thus promoting business R & D + i.

102 companies participate in the development of these projects, of which 60% are SMEs and, of these, 41% belong to medium and high technology sectors. Of all the companies involved, 36, that is, 35%, receive, for the first time, CDTI financing.
The Center for Industrial Technological Development estimates that the sum of these initiatives will employ 359 workers directly and up to 540 workers indirectly. In total, 899 employees in the economy as a whole.

Projects co-financed with FEDER funds

In this Council, the CDTI has approved 61 projects co-financed with funds from the new 2014-2020 ERDF-PluriRegional Operational Program for Smart Growth-, whose public contribution (CDTI + FEDER) amounts to 31.5 million euros. Of these projects, 49 correspond to “Most developed regions”, 10 to “Regions in transition”, and, finally, 2 to “Less developed regions”, according to the definition of ERDF.

The implementation of the Pluri-Regional Operational Program for Smart Growth has allowed the CDTI to increase the non-reimbursable tranche to 20% for all projects that have co-financing from this program, regardless of the size of the beneficiary.

How to build capital through insurance controlling our expenses

Image result for capitalFinancial education and the recovery of some habits lost in recent years is one of the few positive consequences of the financial crisis. One of the examples we have in the habits of saving and more specifically the ultimate goal of it, that is, to accumulate an income little by little to be able to buy a good or service in the future. To buy any good, in these years it has been more prized to use sources of financing – consumer loans, credit cards – that in addition to their cost, in many cases have led to a debt above the recommended and financial imbalances.

Therefore, with a healthy family economy, we must devote part of our budget to savings and one of the best products are savings insurance such as the CuenTAEgon that without a minimum period of permanence and with small periodic contributions will allow us to build capital to spend it. in what we most want, with the additional security of allocating a small part of our contributions to life insurance.

What is the best way to achieve our goal?

The best way to achieve this is to separate, from the moment we receive our income, a part of them for savings as if it were another expense. Set aside an amount every month and enter it into your savings insurance, and before you know it, you will have attractive capital. Withdraw money that you know you do not need, avoid many unnecessary expenses and allow you higher goals. A recommended percentage is to allocate a minimum of 10% of the income to savings, although any amount, however minimal, will deserve to be saved.

To know how much we can allocate for this purpose it is essential to correctly elaborate a budget. The starting point is to keep a careful control of all expenses, pointing them out in detail. You will be surprised at the total cost of many games and the possibilities and impact if you cut back on many of these games.

An essential step in preparing your budget is to know well in what you spend your money. To do this, distinguish the expenses in three categories:

  • Mandatory fixed costs: housing, loan installments … The amount does not vary much from month to month.
  • Variable expenses needed: food, clothing, electricity, etc.
  • Discretionary expenses: all other expenses that, in case of need, could be reduced or eliminated.

The last ones are the easiest to cut even some items in a total way, while in the variables necessary only partially, for example in electricity changing habits or improving efficiency.

Finally, we must not forget that what is budgeted for certain expenses may not coincide with reality. Therefore, review the budget continuously, so that it adjusts to reality with achievable objectives.

NEW CDTI EXPANSION DIRECT LINE IN ASSISTED REGIONS

Image result for cdti expansion lineLast Thursday May 31st, the CDTI Council approved the New CDTI Expansion Line directed to assisted regions (LICA), thus improving the existing line of aid for all communities (LIC).

This program is aimed at investment projects in tangible or intangible fixed assets , with a budget between 175,000, and 3,000,000, and only for a series of Autonomous Communities: Andalusia, Castilla la Mancha, Extremadura, Murcia, Castilla y León, Valencian Community (except for the city of Valencia), and the Canary Islands. It is an aid with an intensity of 75%, 10% of the TNR, and the rest to 0.5% currently, to 7 years and includes one year of grace.

This line belongs to the 2014-2020 FEDER aids, within the Plurirregional Operational Program of Spain, and has an expected endowment of 160 million euros for 2018-2020 . In a few days it will be published on the website of the Center for Industrial Technological Development, and in about two weeks the application will be available, and will be open all year.

In the event that it does not comply with the geographical requirements mentioned above, we remind you that the application period of the Direct Innovation Line (LIC) is still open, with a non-reimbursable section of 2% and applicable to all the Autonomous Communities.