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For a large part of the German population, the monthly income is sufficient to cover the costs of general living. Additional expenses, such as vacation, the purchase of new furniture or a car, are often financed by a loan. Employees with a permanent position logically turn to their house bank. There they apply for a loan with a fixed term and consistent monthly repayment installments. The loan department clerk routinely pulls private credit information and reviews the current payroll account. In addition, he makes sure that the employee is still in an undecigned employment relationship. If this procedure fails to the satisfaction of the bank, nothing stands in the way of granting a loan. It is quite different when someone needs a loan without salary information. These include day laborers, the unemployed, housewives, students, workers with short-term or fixed-term contracts and self-employed.

Borrow with a guarantor

Those who can not demonstrate a permanent employment contract have the option of taking out a loan through a guarantor. This must be solvent and bring the requirements required by the banks. However, a guarantee is anything but a formality. When granting a loan without salary information, the lending institutions demand a direct guarantee. In the event that the borrower does not meet his monthly payment obligations, the liabilities are transferred directly to the guarantor. It is possible for the guarantor to obtain a title against the original creditor. But first he has to repay the loan with interest and fees. The borrowing with a guarantor requires a great relationship of trust between the parties. Practice shows that surety bonds are usually taken over by spouses, relatives or good (business) friends.

Borrowing with security

Easier to realize is borrowing with collateral. The mortgage or mortgage is the best known form of hedge for a loan. But even those who have art treasures, securities, ripened life insurance, property, precious metal or diamonds can transfer these assets to the lending institution as collateral. Although it may be difficult to assess, motor vehicles, machinery or inventories can be used to cover a loan without salary information. Reliability certainly plays a major role in borrowing. Thus, the loan to be granted should never be a multiple of the security-assigned goods. An exception to this rule are pawn shops. Certain assets (electronic devices, jewelery, antiques, etc.) are ideally suited to raising capital in the short term. The pawnbroker estimates the value of an item and pays out part of it as a loan. The borrower can trigger the pledged property within a specified term by repaying the loan amount plus interest and fees. Otherwise, the pledged items become the property of the pawnbroker.

Take a loan online

Over the past few decades, the Internet has taken a dominant position in our daily lives. No wonder that there are now providers who offer a loan without salary information online. Unfortunately there are black sheep in this area. But even reputable institutions give loans to the corresponding clientele. Foreign banks are leaders in this regard. For the granting of such a loan, it is often sufficient to provide proof of corresponding entries in the checking account. For the recipients of Apanagen, other maintenance payments, annuities, rental or rental income this form of income proof is ideal. However, the borrower should pay attention to the amount of interest and fees. In order to be able to make a comparison between the various offers, credit calculators are also available, which are also offered on various platforms. Getting a loan without salary information may be difficult, but not impossible.

To get angry Is it a collective loan? Is it crowd loan, loan between people, financing, mutual aid or incentive? Does not matter! Crowdfunding has become a form of financing of the most wanted on the internet second only to the loan with restriction on the name. Those who have a legal project find Crowdfunding an excellent opportunity to get the money they need to get them.

What is crowdfunding or collective loan?

The interesting thing is that no one else needs to knock on the doors of friends and relatives looking for loans or financing to play their projects. Today in Brazil there are already several websites specialized in collective financing. The idea is to facilitate the raising of the financial resources that are necessary to carry out one or more projects or even money to leverage a company. The support is general and comes from everyone can or want to collaborate.

The system for getting money in a collaborative way is called Crowdfunding, and better known as a collective loan or loan. In the English term, it means “crowd collection”. The proposal is very simple, the interested is disclosed the project with the intention of finding people to help you finance your project. There is all types of initiative online, just choose which project has to do with your interest.

Can anyone participate in crowdfunding?

Crowdfunding is super democratic, anyone taking part in the auction and anyone can donate the amount of money they want for the project that catches the eye or that has affinity with the donor, of course there are nonfinancial rewards for donors, they range from according to each project disclosed.

“Today, the use of crowdfunding can be a great strategy to achieve many types of personal or commercial projects”

Which sites and platforms can participate in crowdfunding?

In Brazil the best known and reference in this type of financing with the raising of money by donation, is the catarse.me, in America is the idea.me. There are many advantages of coming up with a project to be funded via crowdfunding, ease of access to the site, low-risk financial resources are free of tax obligations.

It is worth remembering that it is not all the projects that are feasible or divulged in the sites that provide this type of service, in addition, each project needs the engagement of the people to support the project and are willing to help financially.

What is Cartase.me? It is one of the most successful sites that collects funds in cash in Brazil, Catarse has been online since January 2011 and since then, has never stopped helping people get money to realize plans, projects and businesses.

How to get money and funding through crowdfunding?

In order to participate the creator must register his project in the sites and platforms of crowdfunding to be evaluated according to the criteria and prerequisites that can be classified as: creativity, collective benefits and rewards for the donor. By defining well the objectives of the project the idealizer is much more likely to be approved and have the project disclosed on the site.

It is worth mentioning that only about 30% of the submitted projects are published. At the beginning only projects of Brazilians can participate.

The payday loan online is a very interesting financing solution. With the technological evolution, it is now possible to apply online.

Understand the principle of online credit

Online credit unlike conventional credits can be done via the internet. All the steps will be done from a computer, without you having to wait for the opening hours of the loan agencies. Be careful though, because payday loans in lines have nothing to do with sub-credit. This is another form of credit that is made through an official credit organization. In other words, you are going to apply for credit.

If your request is accepted, you must unload it by paying monthly installments. Except that all negotiations are done on the internet. The forms to fill out are also available online. In short, you will not have to move, most of the steps will be from home, even sending the evidence to validate the file.

The advantages and constraints of payday loan online

The payday loan online makes you enjoy many benefits, but just like conventional credit, it also has its constraints. Subscribing a payday loan online can be done anywhere and anytime, regardless of the activities of the loan agency. All procedures are simpler and faster. You will be able to benefit from an answer quickly whatever the nature of the credit which you will ask.

With a credit comparator, you can also compare the rates of each establishment to choose the one that corresponds precisely to your profile and which could give a favorable response to your request. The payday loan online allows you to quickly finance your projects or deal with a hard blow. The application for online loan is much more discreet, and is done exclusively in confidentiality.

However, there are constraints to applying for a payday loan, such as collecting a negative response in the event of over-indebtedness. Banks will not risk lending you money that you can not repay. To help you, you can ask for help to advise online who will know how to guide you to make the right choice.

Personal credit: the refund

The loan offer must include all repayment terms, the terms of the due date and the amount borrowed. The payday loan makes it possible to obtain between 200 and 75 000 euros with a duration of 3 months to 7 years according to the agreements concluded with the organization of loan or the bank. It is quite possible to ask for an early repayment if you have an inheritance or other source of income. This is appreciated by the bank, but expect to pay an additional fee of 0.5 to 1% of the amount to be refunded.

Read the terms carefully as this must be written into the loan agreement. However, according to the Consumer Code, if the prepayment is less than 10 000 euros, the bank can not demand reimbursement compensation. Concerning the deadline extension, it is necessary to resort to it in case of financial problem. Banks only grant two deferrals each year. With this option, it is possible to benefit from an extension of duration.

What insurance?

Subscribing to insurance for a personal credit online is not an obligation. The choice is up to you and you also have the freedom to choose the organization that will manage your insurance. By law, the lender is not able to tax your insurer, however, the insurance company you choose must offer the same guarantees.

Nevertheless, short-time working means the continuation of the employment relationship between the employee and the employer, and there is nothing in the way of loan approval for a credit inquiry. However, rating the credit rating could be a reason for refusing a loan request. The short-time working allowance means a lower net wage, which leads first to the fact that the worker could get into a possible financial imbalance.

Although this financial imbalance could only be short-lived, this gap can be closed with great difficulty the longer the short-time work takes. A loan could remedy this situation in order to maintain the liquidity of the employee. However, in the review of the credit rating of a loan despite short-time working, the financial situation in the comparison of the income and the monthly costs could lead to a negative result.

Possibilities of borrowing during short-time work

In the case of short-time working, there is still an employment relationship that would have to lead to a commitment in the event of a loan request in this phase. Creditworthiness could be negatively impacted by lower income if liquidity could be extremely narrow. As a rule, the inquire with the house bank regarding an increase in the collection loan would be a sensible consideration, because the repayment of the granted disposition frame can be carried out flexibly by you.

An overdraft means much higher interest rates and a temporary tolerance of the overdraft. Decisive for credit inquiries at the house bank is the assessment of the course of the account transactions. A loan in spite of short-time working is also possible in the form of an installment loan if the credit rating is assessed as sufficient.

Correspondent Banking: – What are the correspondent banking and how does this type of service to release credit. What are the advantages and conditions offered by representatives of financial institutions? At first, easy access to credit is the main advantage, especially in the lending market that grows every day in Brazil.

With the increase of the capital the disposition of the families, the possibilities of proof of income and the offer of guarantees, are allowing the greater concession of financial products and services to many more people. As a result, the number of bank correspondents, ie intermediaries of bank and financial credit proposals, also grew in the loan market.

Correspondent banking?

The bank correspondent operates in the market representing medium and large financial institutions, are really recognized banks, and usually have as main focus the concession of payroll loans, type of loan intended for retirees, pensioners, civil servants and military of the armed forces. This line of loan offers advantages like interest rates and lower rates since the guarantees offered by the clients are greater. The discount is made directly on the payroll and delinquency has very low rates, which entails little or almost no loss to the bank.

Why do bank correspondents exist?

Well, the answer is simple: banks have difficulty reaching all corners of Brazil, the country is very large and the technology required for the structure of an agency will not always be available in some regions. To fill this gap, there are correspondents and non-bank correspondents. With a simple structure, cheap and financed by themselves, it is possible to have the business itself and reach out to the final borrower. See the article on financial franchises for sale of loans and how to open a credit or financing company?

A correspondent can represent more than one institution at a time and can still work as an agent or financial agent for other correspondents. The class is also represented by ANEPS – National Association of Companies Providing Consumption Services and ABCB – Brazilian Association of Banking Correspondents. As a customer, you should seek information on the suitability of the company, since, despite the prerequisites, many take advantage of the façades to apply blows.

Reliable and dependable bank correspondents

Before closing a contract, try to know the suitability of the company, if it is actually registered and accredited by the institutions. The indication of other clients makes the biggest difference, if you inform about each service provided, what the rates, deadlines, tariffs, etc. It is worth remembering that these agents represent the banks, use their brands, grant loans to the bank, but they are not the banks themselves.

There is an advantage in looking for a bank correspondent and not the bank branch directly: no doubt the agility in the process of evaluating the proposals. With a system linked directly to institutions, depending on the type of credit offered is much faster and easier to get the loan in bank correspondents.

Conclusion

Attention! A bank correspondent will never ask for advance payment to release loan . Another important factor is: do not believe in miraculous proposals, those without consultation with credit protection agencies.

Believe me: 90% of banks do not offer loans or financing to anyone with a dirty name on the market. As with any financial transaction, beware of scams, especially those made by the internet or telephone.

The loan without permanent employment is usually sought by self-employed. He is possible from different sources. However, the chances of success for a grant are not equally good everywhere. Which possibilities there are basically, what to look for, explains the contribution.

The loan without permanent employment – with earmarking.

If the loan without a permanent position in the context of self-employment sought, then the Infrasavings bank is interesting. Infrasavings bank regularly launches new credit promotion programs to promote business. The big advantage of a loan from Infrasavings bank is the low credit security. With a business start-up loan, Infrasavings bank almost completely waives collateral. However, an extensive bureaucratic process is needed to get these low-interest funds.

Infrasavings bank also has funding programs for securing its existence and expanding its business operations. Even large sums of money can be realized with a risk hedge of only 20 percent of the financing sum. Again, the application is bound to some knowledge. The business consultant who has this knowledge, however, Infrasavings bank finances the same.

Loans for private use.

Of course, people who do not work as salaried employees also have desires. Like every other citizen, they use credit. Without a permanent position, however, it is difficult to prove the repayment ability. A BWA or commission statement is usually not enough for a long time. Good recognition for proof of repayment security, instead of labor income, income from leasing and leasing. Often, however, additional collateral is essential. Property can be used as a possibility. First-rate land charges are considered particularly secure. For smaller loan amounts even the car letter can be sufficient as collateral.

If this collateral is considered insufficient, then there is still the way, together with a guarantor, to apply for the loan. If you do not want this, you can contact private investors. The tightening of credit standards has led to a boom in these offers. The required interest rates are above the normal interest rate of the banks, but at least there is a good chance of the loan approval. Contact with private investors can be made via the large portals for personal loans. If this is too complicated for you, you should contact a credit intermediary. Professional intermediaries almost always know a way to enforce the loan without permanent employment.

The salary statement is one of the most important criteria for many banks when it comes to granting a loan. Wages and salaries are attachable and are therefore considered collateral for a loan. Those in urgent need of money and applying for a loan without payroll are therefore rejected by many financial institutions. In some cases, however, loans can also be requested without own collateral.

Anyone applying for a loan without payroll must appoint a guarantor

Often, these loan requests are short-term loans with maturities of one to two years. Some banks also approve such small loans even without salary if a solvent guarantor stands behind the borrower. However, these loans are also more expensive than normal small loans, since so-called avalage fees incurred. These fees are calculated on a flat-rate basis and vary from bank to bank. However, depending on the amount of the loan and the term, the guarantor should also consider that, depending on the type of guarantee, it is liable until the loan is fully paid and limits itself to its own credit rating.

Peer-to-peer networks provide personal loans

Those who can not provide proof of salary do not necessarily have to be unemployed. Many self-employed also often do not get loans from banks, because they can not prove their salary or have fluctuating income. Anyone who requires a loan without a pay slip can therefore apply for a personal loan on an internet portal. Private investors support the various projects of the applicants with their private capital.

Since the investors decide for themselves whom they make their money available and the requested loan from a pool is provided, it can take some time, until the sum is financed. The more detailed and detailed the details of the borrower, the faster the financing of the project is possible. Since the amount of interest is also determined by the borrower, the exact repayment amount can be calculated quickly and easily.

Even a trade credit can often be applied for without payroll

Many retailers and department stores offer commercial loans that are financed through in-house or external banks. In many cases, these lending transactions only require information about the monthly income. If the credit rating is sufficient and no negative entries are noted in the private credit information, a loan without payroll can be approved.