Change loan and installments to another bank or financial

Want to move loan to another bank? Every citizen needs money, either from his own work, or through loans and financing. In Brazil, normally you work as a wage earner and you earn little, sometimes you go through the wages money problem can not last until the end of the month, because you have spent too much or simply because the bills, expenses and financial commitments consumed all the money earned.

Nowadays many Brazilian citizens, as well as citizens of other countries, have as their lifeline the alternative of being able to seek from banks, financiers and credit companies the money that is lacking to finish the month. The result of this search is to borrow, enter the limit or use special check. But what most Brazilians do not know is that it is possible to change the payment of installments from one bank to another and still get some extra money from the operation.

Change loan and installment?

Change loan and installment?

The financial operation is called credit portability, read below other links of articles that talk everything about this subject so relevant for those who want to reduce the value of the parcels:
☛ Banks buying debts
☛ Sell loan debt
☛ Alternative credit portability to pay off cheaper debt
☛ Portability to reduce loan interest
☛ Transfer to another bank
☛ Portability is worth changing or changing loan

To perform the portability you need to have access to all the information related to the contract, that is, about the debt of the loan, before requesting the migration to another bank, the most important data are:

  1. Know exactly how much the loan balance is due
  2. Inform the total number of parcels and how many have already been paid
  3. Know the number of installments still to be paid and the current interest rate
  4. Informs bank and loan details that are in the contract.

To do this, contact the institution where you made the current loan as they have all the necessary data you need to file in a portability request at another bank. To make understanding easier, we have listed six considerations on how to perform this type of credit that is regulated by the Central Bank.

1. Have all the information of the original contract

To hire the portability and switch loan to another bank, you need to be in possession of all the information pertinent to the contract that you want to portabilize. The new bank that will exchange the debt will provide a list of necessary documents.

2. Negotiate as the current bank and the new bank

With all the information in hand, find a new lender and negotiate the terms of the new loan. In the new transaction, the cash amount released will be used to pay off the outstanding balance of the old operation, which is left over.

3. How Credit Portability Works

In portability a new financial institution makes the electronic transfer of the exact amount in cash to the bank holding the old loan to repay the debt in advance. It is prohibited to transfer the costs of this operation to the customer.

4. Are there rules and limitations for portability?

For individuals, especially in the payroll, there are some rules:

  • The amount of the new loan can not be greater than the debit balance in the old bank;
  • The term of the new operation can not be longer than that of the previous operation.

5. Do not trade six for half a dozen

When making portability, request the Total Effective Cost (TSC) of the new lender and compare with the old one. The CET tells you how much you will actually pay for the loan. This makes it easier to compare and evaluate more accurately whether or not portability is worth doing. Also evaluate the conditions of the new contract, mainly interest rates and tariffs.

Portability is already regulated for a few years for credit operation transfers, if you want or need to reduce your installments, portability is an excellent modality for that.

What you need to know about the personal loan

When applying for a personal loan, or any other type of financing, it is advisable to know what the main characteristics of the loan are and understand how it works. In this way, you will be better prepared to choose the best type of financing for your particular situation. Next, we will tell you everything you need to know about this financial service.

The personal loan has specific characteristics that make it a perfect financing element for those people who require a higher amount than the one offered by fast loans, but who do not want to have to go to a traditional bank.

Personal loan: What is it?

Personal loan: What is it?

This financing service is a financial product that allows you to acquire a certain amount of money, which you must return within the term agreed with the lender, along with the interest generated.

The conditions, interests and fees that must be paid monthly are agreed in advance. For this reason, it is important that you analyze all loan conditions well before signing the contract.

This type of financing has become the main product by which Spaniards acquire financing. This is because they are very simple to request, thanks to the online application, since in a short time you can enjoy the desired money.

The characteristics of the personal loan

The characteristics of the personal loan

To know a little better this type of financing is essential that we focus on what are its main characteristics. In this way, it will be much easier to identify them.

One of the main characteristics that you should observe when choosing this type of financing is the interest rate, also called TIN. This is what will mark the interest that you will have to pay at the time of returning the loan.

Although the interests you will pay are important, something you should also pay attention to is the commissions. There are fewer and fewer loans that have commissions, but it is important to know that some financial companies have opening, cancellation, study fees, etc. For this reason, you should look carefully if your loan has these types of commissions, and take them into account when choosing the lender.

To know the total cost of the loan, it is important that you look at the APR. This indicator is responsible for collecting all expenses, commissions and interest on the personal loan, so you know how much it will cost you. That is, if you want to compare between different loans, you must do so by comparing the APR of each of them. In this way, it will be easy for you to identify the cheapest one.

Another aspect to take into account is the minimum and maximum term in which you can make the refund of the amount requested. It is a factor to be observed since, depending on the term, the quota will be higher or lower.

Whenever possible, it is advisable to choose the shortest possible term, with the highest fee that you can comfortably face. This will greatly affect the amount of interest you will end up paying and, therefore, you can save an interesting amount of money.

conclusion

conclusion

The personal loan is a great financing option for all those people who need money quickly. In most cases, an endorsement will not be necessary.

As a general rule, in order to apply for this type of product, it will be sufficient for you to be resident in Spain, of legal age, and that you have a source of demonstrable and regular income that allows you to pay the fees.

In some cases, it will be possible to request a personal loan even if you are registered in a delinquency file. From Astro Finance we invite you to take a look at the different options that we put at your disposal.

Foreign or International Loan – Understand how to do it!

Foreign loan as in the United States, Europe, Oceania and Asia the sale of online loan (personal credit) is quite common. It is usually found in numerous forms: from Crowdfunding, peer to peer loan to cash to negatives, plus credit card means with low interest rates, these transactions are found to be available on the market and managed by mobile applications from anywhere in the world. world.

When abroad in a country, borrowing abroad can be a way that many people, including Brazilians, find to keep up and not miss the basics, especially those who are studying or living abroad. It is worth mentioning that unforeseen financial happen here, in Spain or London, and one of the first things you remember, is to research to know how to make a loan.

Currently, the labor market is becoming more competitive, and Brazilians have considered living abroad an option to find better opportunities, quality of life or to improve their studies. Hopefully, you will not be able to get financial troubles with you, but if you get real, we will prepare in this post some tips on how to get an overseas loan to use as you wish outside the country and tips to take a personal loan online in Brazil even when traveling internationally.

How to get a loan abroad to study

How to get a loan abroad to study

Whether to improve knowledge, have a new world view or learn a new language, many Brazilians decide to study abroad because of the educational conditions that countries provide. You’ve probably thought about studying abroad or putting your kids to learn in another country, but what’s stopping many from realizing that dream is the financial issue.

Some countries have a high cost of living and it is necessary to have a good financial reserve to live without going through difficulties. It is at that moment that the chance arises to apply for a loan to study abroad. There are some types of financing that you can request easily and some of the options you can try.

For those who have a bank account with Brazillian Bank, Santander, Itaú and others, it is enough to direct the agencies and request the necessary amount. Another way is to create a score in local banks as an individual or a legal entity.

Family Financing

Family Financing

If you were born into a family with good financial conditions and can rely on the monetary support of relatives, do not think twice and ask. In addition to being a loan that does not need to have the same rigid rules of banks, the repayment return can be combined and also combine so that it does not act at the interest rate.

Another case of a person who can help, if he is a public servant or retired and an INSS pensioner, he can obtain a payroll deductible loan, in which the amount will be deposited in the applicant’s account and the installments will have interest of 2.08% and better conditions for payment, up to 72 times.

Scholarships and student funding

Scholarships and student funding

Many colleges have immigrant scholarship programs, some with partial or even total discounts. But to get them is quite complicated due to high competition. There is the option of financing college directly with the institution. For this, it is necessary to contact the University and to know what financing options they have.

As a little more advanced research, it is possible to find educational institutions willing to finance studies, including for foreigners.

Bank loan

Bank loan

Do not leave the country without creating a friendly banking and financial scenario. One of the solutions that many people encounter when they are out of the country and the need to lend money, is to apply for a pre-approved personal loan or special check from the preferred bank.

The largest Brazilian financial institutions have programs aimed at those who wish to study abroad. However, if the loan is on your behalf, the bank may ask you to present a “guarantor”, that is, the person who will pay the loan if the installment delays. Choose well the person who will go with you!

How to make a loan abroad

How to make a loan abroad

It is possible that you are traveling or even living abroad and lacking money for some emergency. Before you get desperate you can apply for a foreign direct loan with your bank branch if you have an account of course. To do this, simply access HomeBanking or the Online Service or via telephone.

For those who live abroad, making a loan is similar to what is done in Brazil but being in another country. You get in touch with the financial institutions and be aware of the conditions they offer such as the time for payment and the lower interest rates.

It is also possible for foreign residents, usually when you arrive in place, the first step is to open an account and then take the driver’s license as a temporary resident. With this document, some banks open special accounts and over time you get small loans within the term of validity of your visa.

On international credit cards with local request, it is possible to withdraw some cash amounts with terms of up to 12 times.

Loans and foreign financing for companies

Loans and foreign financing for companies

For national companies looking for deals with international companies, whether they are loans, financing, the RDE (Electronic Declaratory Registration, the Central Bank system for records of foreign capital operations in Brazil) is required. Also required are the registration of the company in crediter and the Registry of Financial Operations make it possible to close the exchange.

Credit History and Score

Credit History and Score

Here in Brazil a little, and more intense abroad, by foreign lands the creditors usually check their credit history and score to know if the value can or can not be borrowed. This is important, but more so the fact that you know how you will repay a loan – monthly or all at once.

Understand that for foreigners to obtain amounts borrowed is practically unfeasible in some institutions because of the status that is almost always student or traveler.

Online Overseas Loan – Is It Possible?

Online Overseas Loan - Is It Possible?

Many things have become easy and comfortable once smartphones and tablets have started to be part of our routines, it is with this the request massification of online personal loan companies. What used to be only for banking and financial institutions, where you needed to go in person to apply for credit, is no longer the case.

Nowadays, there are several loan startups that can easily lend you money without having to leave the house.

Online payday loans bad credit -Online loans bad credit direct lenders $1000

Online loans bad credit direct lenders $1000

With the advent of the Internet, online loan companies have recently been mushrooming.

The existence of an online loan can certainly be an alternative to helping people in need of funds in times of urgency. This is very beneficial for the community because this loan is much faster than borrowing funds from the bank. Generally, the procedure is easier. Even in a matter of minutes, Berger can provide quick loans directly into your account.

Compared to borrowing from a bank, there are several things that are more profitable by borrowing funds online. However, there are also those who think that borrowing funds at the bank are safer and more secure.  Applying for online payday loans with Payday Champion offers the following benefits:

Documents needed

If you borrow funds from the bank, the requirements and documents needed are usually quite a lot. Plus, you will also be assessed through your credit history which means you must have a good credit history. In online loans, the terms and documents needed are not too complicated.

Just fill in the online form on the website which usually only asks for general data such as your name, mobile number, email address and KTP. Some companies also don’t require you to have an impressive credit history.

Approval process

Generally, borrowing funds from a bank will take days. This is certainly not suitable for those of you who need a fast loan on a sudden or emergency. With online loans, the approval process is much faster. Usually, it takes only one day or can be faster in one click. You can also submit funds online anytime and anywhere.

This is very beneficial for those of you who need a fast loan. You do not need to come to the creditor, as you have to do when borrowing from a bank.

Penalty

Unlike banks that provide penalties for repayment before the deadline, online loans free you from penalties if they pay off before maturity.

Now you don’t need to be confused if you need a fast loan. Enough with an internet quota, you can get funds online. Apply for your loan through Berger anywhere and anytime.

Mini Loans: What Are They?

Mini-loans are financial products that are basically characterized by two things: the small amounts of money involved and the speed with which you can access them. In this text we are going to tell you why the mini loans have been consolidated as one of the favorite financing channels of the Spaniards.

The origin of the success of mini-loans

The origin of the success of mini-loans

The origin of the high demand that these financial products currently have, we must also look for it, apart from its advantages, in the inconveniences that conventional banks put on some credit requests from their regular customers. We refer to those that, due to strict requirements related to the demands of payrolls and guarantees, did not make concessions.

And is that, following the crisis that our country went through since 2008, the risk departments of bank branches increased their requests for return guarantees to savers and entrepreneurs, which led to the inadmissibility of a large number of credit applications .

As a result, these savers and entrepreneurs tried to find other sources of financing, which they found in alternative credit entities.

Mini loans for car repairs

As we have already explained, these credits allow you to face mid-level economic operations. Among them, we can highlight those relating to repair the faults that may have occurred in your vehicle. It is, in fact, some operations that adjust to the conditions offered by these financial products. And is that the repairs in your private car are usually unforeseen that, without outlining the budget for the entire year, yes they are uncomfortable to pay throughout the month during which you have to take care of them. Therefore, the credits for a small amount will be sufficient to assume the corresponding payments.

Also, they are payments that you will have to make urgently, so you are interested in the quick money that these credits provide you. Keep in mind that fixing a damage to your vehicle can be fundamental for it to work in optimal conditions (and, therefore, you can start your vacation or go to work in your private vehicle) or is within the law (for example, so you can use all the obligatory lights or pass the ITV).

Why does mini-credit adapt so well to these problems?

Why does mini-credit adapt so well to these problems?

Undoubtedly, because the fact of operating on the Internet favors the agility of the procedures, in addition to saving money. Besides, it is not necessary to provide a payroll, but it is enough to credit a regular income.

In conclusion: the mini credit suits you

In conclusion: the mini credit suits you

Indeed, the mini-loans are worth it to face payments that can not be delayed, such as those related to the arrangement of your car.

Mini-loans Online: Quick Help to your Problems

The online mini-loans are small economic injections that have been created to help you cover those unforeseen events and accidents that may arise without you expecting them.

The existence of these financial products is due to the lack of options that exist in the companies and banking entities to offer an economic support service without having great requirements and also, of small amounts that you can cover in a short time.

Characteristics of online mini-loans

Characteristics of online mini-loans

Simple and fast

This type of loans presents a series of characteristics that makes it unmistakable with other types of loans. As for example, as its name indicates, we are facing a mini-credit that is requested online and not through bureaucratic procedures and long waits and queues in a bank or company.

The procedure necessary to receive a loan of this type is an application. Yes, as you read. If you meet the necessary requirements to apply for a loan in these categories, you just have to fill in a form where you will make your personal information clear and offer a contact number or e-mail so they can contact you.

The money will be deposited in your bank account, once your request is accepted, as quickly as possible, and it may take up to 15 minutes to receive it.

Minimum requirements

If you want to apply for a loan of this type, you will only have to meet a series of minimum requirements that will be detailed below.

To be able to apply for this legal credit, you must be of legal age. Several factors have to be taken into account, for example: in some companies the minimum age rises even to 25 years. And also, if the person who wants this financial help is in financial credit, he can not have more than 65.

You must be a resident in Spain, regardless of the nationality of origin, and have an active account in your name where the amount requested will be paid.

It is true that you must show a regular income that allows you to cover the payment to be able to ask for it. However, these should not come from a bank payroll; any type of regular income would work.

Therefore, you are seeing that online mini-loans can be requested quickly, with no need for payroll and no matter if you are on a list of defaulters. Do you need an endorsement? Neither is necessary. They are all facilities.

Small economic amounts

Very hard this type of loans offers a high amount of money. The maximum normally stipulated by this type of companies is 1000 euros, given that its purpose is to help punctually a person or a family that is faced with an unforeseen event.

On the other hand, this also means that the repayment periods are not very broad, normally offering a maximum of 6 weeks to return the entire amount of money.

However, when you go to apply for the credit, you will have all this information at all times ahead, to help you and choose the best option both amount of money at the time of request and what you want to be the terms of return.

It is important to know that some companies offer periods of extension and extension of the terms of return of the amount in order to help a little more if you have seen very, very rushed.

Any time you want

One of the advantages, when we speak of immediacy, is not only applicable to the fact that you are going to receive the money at the moment, but because it is a procedure that you can perform perfectly from your room, being in front of your computer, the schedule you put it

It does not matter if it’s early morning; It is very normal that you have stayed all night spinning around that little domestic accident that you have had at home and you do not know how to solve it because you did not have, in the family budget, that expense included.

So, instead of spending the night without looking, thinking that you have to go to the bank to apply for a loan the next morning, when you finish making your calculations you will only have to put yourself on the computer screen and in five minutes you will have filled in all the information requested.

You can go to sleep quietly and with the stability and security that these options offer.

Better conditions and interest rates

Unlike what happens with large loans, because they are so flexible and adapted to aid, they present a very acceptable interest rate compared to that offered by other entities.

And, in the end, because of everything mentioned above, in a few years they have gained great popularity, becoming one of the most requested options by people in this type of situation.

Because another feature that has this type of aid is that they can be requested more than once. They are not cumulative, but the customer can buy one whenever he needs it.

Concern for the client

At no time, none of the companies with which you can apply for this type of loan will demand any explanation as to why you are going to want it.

From minute one, your decision will be fully respected and you will be offered the necessary means to have all the information possible so that your final decision is responsible and accurate.

It is part of the ethics of this type of company. At all times, as mentioned above, security, stability and help towards the customer is paramount.

It’s up to you

It

If you are in a complicated situation but that you see easily assumable in the near future, do not be afraid to request a credit online.

Online mini-loans can bring you great stability and tranquility, because they are accessible to almost everyone, regardless of the situation of them. And one of the most important things is that you are not going to have to involve third parties.

With repayment-free loan in trouble

Image result for repayment free loanDo you currently have a repayment-free credit? Then your financial situation will change in the coming period. This type of credit is in fact converted by the lenders to a form of lending that does repay. This can have huge consequences on your expenses. Fortunately, Bank can help you .

Change in financial situation interest-only loan

Perhaps you have already been informed, or you will soon be informed by your lender that your current interest-only loan will be converted into a loan that requires repayment. This means that you no longer only pay interest per month, but also pay part of it. Your monthly payment will increase, even up!

Example increase conversion monthly repayments loan

If you have a repayment-free loan of € 30,000 and your monthly installment is now between € 150 and € 300, you now only pay interest and do not settle anything. After the conversion you will also pay redemption alongside interest. This makes your monthly amount between € 450 and € 600. Your financial situation is therefore changing considerably, so you may get into trouble.

Bank helps you avoid problems with the loan

The lender may implement this change because they have stated this in the conditions. And it is also good to repay your loan, only if this brings you into trouble this is not a pleasant situation. We would like to help you to ensure that your monthly costs do not rise so insanely, so you will not run into problems. This way we can see for you what the best possibility is in your personal situation. Request free advice from our credit specialists here.