Monthly Archives: April 2020

Loan insurance, the criteria to make the right choice.

Borrower insurance, the various guarantees

Borrower insurance, the various guarantees

First, remember the 3 types of guarantees a borrower can subscribe:

  • There is a mandatory guarantee in case of Death (DC) / Total and Irreversible Loss of Autonomy (PTIA). In this case, the insurance companies assume the reimbursement of the outstanding capital in case of death or total and irreversible loss of autonomy of the insured.
  • There are then optional guarantees but very strongly recommended: Total Permanent Disability (IPT), Partial Permanent Disability (IPP), Total Working Disability (ITT) and Partial Work Incapacity (ITP) guarantees that cover your monthly payments. loss of income due to a work stoppage or disability. So if you are active, it is better to subscribe to this coverage, however if you already have guaranteed income (retirees or annuitants), the death guarantee can suffice.
  • Finally, there is also a job loss insurance that covers your income losses in case of unemployment. Note that the latter is also optional and not required by banks.

In the case of these 3 guarantees, what do you see that credit insurance is better than another? The best price is not everything, we must also take the time to look at the terms of compensation, the proposed guarantees and all other terms and conditions of sale.

Check how you will be compensated: indemnity or lump sum?

Check how you will be compensated: indemnity or lump sum?

For the Incapacity and Invalidity guarantees, there are two compensation principles:

  • Income maintenance (indemnity guarantee): your contract will only compensate the difference between the daily allowances paid by your social organization and your usual salary.
  • The flat-rate guarantee: repayment of the entire maturity (or in part depending on the percentage of coverage chosen) even if your remuneration is maintained.

The flat rate guarantee is the safest way for you and your bank.

Check the definition of your disability benefit

Check the definition of your disability benefit

In certain contracts, compensation occurs in the event of incapacity to exercise one’s profession.

Other contracts compensate according to the impossibility of exercising any profession. In this case, the possibilities of reclassification are taken into account: this definition therefore reduces your level of protection.

Check the reliability of the contract over time

Check the reliability of the contract over time

The total irrevocability of the guarantees: whatever the evolution of your personal and professional situation (change of profession, departure abroad …) you remain covered under the same conditions.

Maintaining the rate for the duration of the loan.

Check the grace periods of the guarantees Incapacity of Work

Check the grace periods of the guarantees Incapacity of Work

For Total Permanent Disability (IPT) and Total Temporary Disability (ITT) guarantees, there are deductible periods during which you will not be compensated: generally it is 90 days but some companies propose to reduce it to 30 days (interesting in the case of non-salaried workers), or to increase it to 180 days (interesting for employees who have good pension coverage).

Check the duration of the indemnification and the duration of coverage of the guarantees

Check the duration of the indemnification and the duration of coverage of the guarantees

Again, we must remember to check them and especially for the guarantee work stoppage. Most insurance contracts pay up to 3 years but pay attention to contracts that will compensate you for a shorter time. Beyond this period of coverage by the insurance for incapacity for work, and if the company’s medical adviser declares you unfit to resume work, it is the disability benefit that will take over.

Another point to look at also carefully is whether you will be well covered until the end of your loan. Indeed, some guarantees stop at a certain age.

In the majority of contracts, the age limit for membership is 65 and the age limit for termination of benefits is 75. However, there are specific contracts for seniors that can cover up to 85 years of age of underwriting and 90 years of age of end of guarantees. As a retired senior, you will only have access to the death guarantee.

We must therefore focus on contracts that will cover all your guarantees for as long as possible.

Check the contribution calculation base

Check the contribution calculation base

These can be calculated according to the capital remaining to be refunded: in this case, you realize real savings because you do not pay insurance for the principal already refunded! The contribution is degressive according to the capital remaining due.

Other contracts provide instead a calculation on the initial capital, which on the entire loan may penalize you. You still pay the same contribution and yet the risk of the bank decreases along with the remaining capital. However, in some cases where borrowers are old or if there are bridge loans or delayed repayments, these contracts may be advantageous.

It really depends on all the features of your loan and your profile, we can not do general! Consult us, we will indicate you the best type of contract to remember in your specific case.

Look good if the price is guaranteed

Look good if the price is guaranteed

Indeed, some contracts do not guarantee their tariff, that is to say that apart from increases related to age, government tax reforms and various changes in circumstances that may lead to a change in tariff, some companies reserve the right to index their rates at any time and therefore not to guarantee the basic rate to which the borrower had access when subscribing.

You must therefore pay particular attention to this point in the terms and conditions of the contract to which you are about to subscribe.

Exemption from contributions in the event of an accident

Exemption from contributions in the event of an accident

Some companies suggest that you no longer pay premiums for compensation, some after 90 days, others after 30 days, or some not at all.

The best option, of course, is to choose a loan insurance policy that offers a 30-day exemption.

Pay attention to medical formalities

Pay attention to medical formalities

The price is not everything. Indeed, you can find a contract with a better price than another for equivalent guarantees but which may require much more medical formalities than the more expensive contract. In some cases some medical formalities can be cumbersome and time consuming.

In the event that a borrower needs to finalize his subscription quickly because of the signing deadline at the notary are at stake, it will be better to privilege a contract a little more expensive but for which you will get your certificate of adhesion more quickly. 

Check exclusions

Check exclusions

Mentioned in the general conditions of sale, it is necessary to take the time to read the exclusions, even if it may seem sometimes long and boring.

Indeed, in addition to the so-called “general” exclusions (related to the risks of suicide, war, …), one must be aware of other limitations of guarantees.

Thus, sports can be covered at the same rate or with personalized pricing if you are a member of a club, a federation or compete.

In many contracts, you may notice limitations or exclusions for disco-vertebral conditions (ie, “back pain”) or neuropsychic diseases (ie, nervous breakdowns). Attention to this point which concerns a very big part of the work stoppages, think to subscribe the option repurchase exclusions dos and psy in the guarantees IPT / ITT.

Check the territoriality of your guarantees

Check the territoriality of your guarantees

If you travel a lot for work or if you live abroad, while having a credit for a property located in France, it is necessary to favor a contract which covers you all over the world, and which does not limit the duration of trips to 45 days a year, as in many contracts.

Choose your lot

Choose your lot

Thus, for optimal security, choose a 100% coverage rate for each person protected by the contract: if something happened to you, the remaining principal of your loan would be fully reimbursed to your bank. Thus, the support of your credit would not be your heirs!

Bank guide to revolving credit: the details.

In 2017, nearly 200,000 people applied for revolving credit in France. In a few years, this banking service has become a trend, completely changing the relationship of the French with credits. Indeed, both to have a reserve of money without proof as to avoid falling into the red at the end of the month, or to finance a project, revolving credit promises to be one of the best alternatives. Find out how the revolving loan offered by the Good Finance brand works, what are the characteristics of the offer, what are the conditions for joining.

How does revolving credit work?

How does revolving credit work?

This banking service is indeed part of the credits without supporting documents. In other words, the banks have no rights over the management and use of your loan.

As a reminder, revolving credit gives you the right to a capital of 500 to 6,000 USD. The repayment term varies from one borrower to another, depending on the individual’s request, his borrower profile and the capital requested. You do not have to provide proof to the bank. So you can use the borrowed amount as you see fit. It only remains to know how to manage it properly.

In general, families with a revolving credit use it for daily and monthly expenses: payment of bills, children’s school fees, purchase of food and provisions, financing of frequent work, etc. You can then withdraw it via your credit card or directly pay your bills with the same card. Current operations are free.

You can also use the capital that has been granted to you to finance a personal or professional project. It can be a wedding project, a family celebration, a vacation project, or even renovations or building construction, etc.

It is possible to distribute the amount in question in several parts. You can therefore use it both for current expenses and for financing the creation of an activity. In any case, you should only spend the capital granted by the bank. Because, even if you have an authorized overdraft, the agios can cost you a maximum.

You must immediately choose the optimal capital to borrow in your revolving credit. It is a question of the good management of your assets. You should not commit to a capital that you cannot repay. Over-indebtedness can expose you to financial setbacks for several years and to being listed in the red list of the Cream Bank. You should also know that the amount you ask the bank will affect the term of your loan. Generally, a revolving credit is reimbursed in 2 years.

To better manage the available capital, and in particular to avoid overdrafts, you must keep accurate accounts of your expenses. There are apps to do this. Enter all of your cash receipts, including revolving credit capital, and day-to-day expenses. The app will automatically calculate the rest of your money. What allow you to make decisions intelligently according to your financial possibilities.

If possible, leave a margin of a few hundred USD in your account at the end of each month to avoid being in the red. In addition, if you have money left in your account, you will have to pay less the following month. The monthly revolving credits consist in simply putting the ceiling of the amount borrowed back on the account.

Good Finance’s revolving credit offer

Boulanger

The Good Finance revolving credit offer works through the B + card and in partnership with Oney, this revolving credit card will allow you to pay cash, in installments or on credit in more than forty physical stores or in line. In addition to being accompanied by a revolving credit, the b + card will allow you to accumulate 2% of the total amount of your purchases on your loyalty account and 5% on a selection of products.

To obtain your b + revolving credit card, all you need to do is apply online on the baker’s website or apply directly in store by going to the counter with proof of identity, income, domicile and a rib.

Example of rate for a Good Finance revolving loan

If, for example, you want to buy a small computer for a value of $ 500 and have subscribed to a revolving credit for a capital of $ 3000, you can obtain an adjustable APR of 21.12% over a repayment period of 31 months. This will correspond to 30 monthly payments of 20.87 USD and a final one of 10.87 USD, for a total amount due of 636.97, or 136.97 USD of interest charges.

Motorcycle loan by an instant loan is a mortgage loan that you have in your bank account

The funds are available immediately.

The funds are available immediately.

In the case of a loan, on the other hand, you will become the owner of the motorcycle immediately after the conclusion of the purchase contract. Pay back the amount in one go and get rid of the debt burden immediately. An online loan with instant binding. As soon as you have chosen your dream car, you usually want to take it with you as soon as possible.

Get top conditions now! Best bank cooperates with the big banks of the credit market and has the cheapest car loans in its offer. Whether for a new car or a used vehicle: best bank offers you the best deals at the best interest rates! With a car loan from Lender Bank compared to dealer financing, you benefit from a decisive advantage: New and used car dealers usually only cooperate with one or two banks.

It is not likely that these very banks will offer the best conditions in the market. best bank, on the other hand, equates the car loans of the market leaders and thus gives the best overview of the cheapest real estate! When you take out a car loan through best bank, you will receive the cash immediately transferred to your bank account, so that you can transfer or withdraw the money immediately and pay the car in cash.

Top selection, customizable – Use the Lender Bank credit comparison for cars to determine the offers with the most favorable effective interest rates per year. Thus, the cost of borrowing is as low as any other offer. As a rule, the shorter the deadline, the lower the interest rate for the car. However, with monthly rates also rising, it is recommended that an average be determined so that the car loan business does not become an excessively high economic burden.

An instant loan is a mortgage loan that you have in your bank account after you have compared and submitted the necessary documents within a very short time, up to 48 hours after filing the application. On the smart website, you will find a credit check for instant loans and the ability to instantly accept the right loan offer and sign the related contract.

Comparison platform for lending cooperates with several banks

Comparison platform for lending cooperates with several banks

The comparison platform for lending cooperates with several banks in order to always provide you with the optimum range of services. These are some of the institutions with which the company cooperates: In addition, many other banking institutions and credit institutions are involved. Private and private lending is arranged at Auxmoney – so that self-employed, students, and other borrowers who are otherwise volatile are more likely to get an immediate loan deal!

Instant credit and quick credit – what’s the fine vodka? The instant loan and the quick loan are both mostly used synonymously. The credit check on SMAV A is indeed Schufa-neutral and does not provide for bookings. In addition, loans that can be redeemed over a longer period of time are usually considered as instant loans or instant loans or instant loans or as instant loans or loans with a term of more than one year. As a “fast loan” are also understood those loans that are taken up immediately and paid off quickly; usually lower amounts of up to 1000 USD.

What is an instant loan good for? Most interested parties receive an instant loan to finance unexpected sporadic costs. A necessary medical care, a new device or the like can also become an instant loan for the patient. In addition there is the Christmas business. First, visit the special subpage of Lender Bank, which is dedicated to instant review (yes, the link takes you right there).

You can enter your desired amount

You can enter your desired amount

At the top you will already find an entry field in which you can enter your desired amount. In the further course, there is a more detailed reference book between exciting comments on the respective subject area. In addition, there are many facts, features and information that you can examine in addition to the credit comparison. When using the search field or the input mask, follow the instructions on the next subpages and you will choose the best instant loan.

The issue of instant credit and lending in general means that more and more service providers are emerging in the markets that present their offers and product comparisons. The new provider of credit, for example, provides a form of credit line through smartphones with its application, but the interest rates are very high. Because there are a lot of fees for service providers, mediators, borrowers, and so on.

Cheap service providers such. For example, smart, which has many years of experience and many cooperation partners, are more interesting and can plan larger quantities. Of course, an instant loan should only be given out if you know that you can do it quickly. In the search for the best service provider, ie the best credit bank, it is worthwhile to visit such comparative sites as this one.

There is a reconciliation of many banks and some intermediaries; the queries are free and without obligation; and at the end you will receive exactly the desired balance.