Category: Loans

Loans and credits for your wedding

Wedding Loan

Borrow money easily for your wedding this year and enjoy a wonderful day

Your wedding is the biggest day of your life, until you become a parent for the first time. It is a day you will never forget. For many couples, this is the beginning of life together and a new stage in their lives. It's a big event and it's not something you decide on in a few minutes. Every year, many germans hire a professional organizer or even a wedding planner to plan and organize the big day. It costs a little money to hire professional help for the party, but it gives you the unique opportunity to enjoy yourself with your guests instead of having to keep an eye on everything during the party.

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Pension provision

For decades many austrians did not worry about their old-age provision. If you wanted to secure some wealth in old age, all you had to do was take a job with obb or a similar public sector company. Unfortunately, this train has now literally left the station. Nowadays, no job decision can guarantee a sufficient living in old age. The state pillar is in fact becoming increasingly weaker.

Because of the inversion of the age pyramid, less and less is paid into the state pension account of each individual. Conversely, the other two pillars are gaining in importance. Legislation increasingly favors workplace pensions, but as the labor market also changes and more and more people earn their own money, retirement planning for many people almost just means private involvement.

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Refinancing

Corporate refinancing is a financing product for companies with one or more existing business loans that want to have new financing with more favorable conditions. In such a situation, companies will settle their current outstanding debt by issuing new debt with more favorable conditions. With a refinance loan, businesses have the opportunity to borrow more cash to support their needs.

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Apply for a building loan

In this article, we would like to give you the most important tips and tricks to apply for the construction loan correctly and to successfully receive the construction financing in the end.

1. Check your credit rating

To find out ahead of time whether your application for a construction loan has a chance of success, you should first obtain a self-report from SCHUFA (here). This information provides information about your personal creditworthiness. In the SCHUFA file, for example, burst loans, difficulties with mobile phone contracts, canceled insurance policies and bank accounts, etc., are recorded. Registered.

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The housing subsidy – what you should know about it

Construction financing: you are planning to build a house? Then you should pay special attention to the subject of housing subsidy. This is a state subsidy that can be applied for when concluding a bauspar contract – every citizen over the age of 16 who is a resident of germany is entitled to do so. The earlier the housing subsidy is claimed, the better: the most important questions are answered here.

How to submit an application for a housing subsidy?

The application for a housing subsidy must be requested from the building society with which a building savings contract has already been concluded in advance. This can usually be filled out and sent by mail to the building society or handed in personally there – in this case, the consultant responsible there can also answer any unanswered questions about the building savings contract, a building savings loan or building savings sums. If bauspar contracts were concluded as capital-forming benefits, they are excluded from the housing construction premium, as they are already subsidized with the employee savings allowance of nine percent.

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Financing – cheap to extend

Financing your own four walls takes staying power. Builders should expect 20 to 30 years – depending on the cost of the property and the available equity capital. However, many have the interest rate fixed for only ten or 15 years at the beginning of financing. Therefore, at the end of the fixed interest rate, a residual debt remains, a follow-up financing is due. Schwabisch hall expert karsten eib explains how to successfully manage the upcoming follow-up financing without getting out of breath financially.

With a follow-up financing cheap into the verlangerun (image: anaken2012 / clipdealer.En)

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Understanding and calculating credit interest rates

Banks charge interest for the provision of credit. There is a distinction between two interest rates, namely the debit or. Nominal interest rate and the effective interest rate, distinguished. The interest rate corresponds to the cost of the money borrowed.

The nominal interest rate describes the pure cost of borrowing the money. The effective interest rate takes into account all additional costs and thus indicates the total cost of the loan.

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