Subsidized loans for damage caused by bad weather and seismic events

We increasingly witness serious natural disasters and damage caused by bad weather on our territory: from the moments of wind, rain and snow, to floods, up to the most significant seismic events that have recently devastated central Italy. Due to the difficult situation, concessions have been provided that are able to favor in some way those who have been affected by adversity.

Helping individuals and businesses in the reconstruction and restoration of normal work activities.

In recent years, some of the most authoritative banks have evaluated the possibility of supporting their customers with specific loans at extremely facilitated conditions , granted with much faster procedures, thanks to the possibility, guaranteed in some cases, of self-certifying the amount of the they give immediately.

Not only can the renovation of their main or secondary home be financed

For companies there is also an evaluation of the restoration of production capacity or coverage of damage suffered by semi-finished products, plants and infrastructures, for all production sectors. In this way, all the most evident critical issues can be resolved with rapid and less expensive resolutive interventions. In support of companies affected by seismic events, the government measures provide for the tax credit for economic entities based in the affected municipalities.

Subsidized loans guaranteed by the state.

money loan

With regard to the earthquake in Central Italy, the list of banks that have adhered to the ABI-CDP Convention ” Plafond Central Italy ” is constantly updated on the Lite Lender website. These banking institutions will be able to provide subsidized loans for the reconstruction of the territories affected by disasters, as required by Legislative Decree 189/2016. Requests for contributions can be sent by qualified professionals with a digital signature on the MUDE platform. Some banks have also guaranteed their willingness to support all populations affected by calamitous events that have occurred since 2013, thus contemplating other previous seismic disasters.

The 2016 Earthquake Assistance website is able to provide all the useful information to those who need to know, in detail, the possibilities of using contributions or concessions. Do you want to know more details on the subject? 

How low interest rate can I get on different loans?

What is a good mortgage rate when you want the cheapest loan? This question most people ask themselves when taking out mortgage loans.

When you want to borrow money and have a low interest rate on the loan, depending on whether it is for cars, housing or extra for everyday life, it is important to compare the options for a low interest rate. It is important to form an overview to know what a low interest rate actually means.

There are both advantages and disadvantages of a low interest rate for the different loan types, as it is primarily attractive, but can also have negative consequences in the form of other hidden costs that have not been considered. For example, it may be a setup fee or administrative costs.

Low interest rates on cheap mortgages

Low interest rates on cheap mortgages

Most cheap mortgages are made up of two types of loans: a bank loan and a mortgage. A mortgage is usually more attractive as the interest rate is lower, but it is only possible to borrow up to 80% of the housing with this loan. This means you have to find the last 20% elsewhere, which is usually done with a traditional bank loan.

When you want to find out what a good interest rate is and how low it can be to get the cheapest mortgage, it usually depends on the following factors:

– Term of loan

– Fixed or variable interest rate

– With or without repayment

– How much collateral is provided by you

As a rule, the interest rate on a mortgage loan also fluctuates depending on which bank you have or are applying for. If you have a good economy, you should not pay more than 5-7% above bank’s lending rate.

What is a low interest rate on a cheap mortgage?

What is a low interest rate on a cheap mortgage?

In order to recognize a good mortgage rate, it is important to know what defines a high interest rate and what defines a low interest rate.

The average interest rate on pre-existing mortgages is 6.9%. However, mortgages with interest rates can be found as low as 0.8%, but of course this requires that you meet the requirements. The highest interest rate for home loans is up to 20%.

As previously mentioned, the requirements for the lowest possible interest rate consist of the term of the loan, whether it is with or without deduction and how much collateral you can provide. Last but not least, it also depends on whether you choose a fixed or variable interest rate.

Different interest rates – Fixed or variable?

Different interest rates - Fixed or variable?

You can choose between two different interest rates: the fixed or the variable interest rate (also known as the flex rate). If you are looking for the lowest interest rate, this is typically the variable interest rate you are looking for. However, it must be kept in mind that the risk is also higher, since low interest rates and risks are usually linked. It can also vary by type of loan, such as car loans or consumer loans .

With a variable interest rate, you can risk your monthly benefits rising, but in return they will also fall if interest rates fall. Therefore, you must be sure that there is room for any increase in the private economy, as it can in theory be expensive.

Another important factor is that you should also have the nerves at a variable rate so that you do not end up sleeping at night. If you are unsure if you can pay your bills next month, it may be a bad idea with a variable interest rate. A fixed interest rate is a little higher, but in return gives certainty about how much you have to pay each month without changing it.

The interest rate on cheap mortgages – can it be negotiated?

The interest rate on cheap mortgages - can it be negotiated?

After the financial crisis, it became more difficult to negotiate a cheap interest rate as more banks became more cautious about their lending. However, if the following things are done before you apply, you should have a good chance of a cheap loan with good interest rates:

– Make a completed budget (Reduce your private consumption)

An example of a good argument if you want to negotiate a cheap interest rate can be, for example. be to make the bank aware that you are a good / loyal customer. For example, if you have already done business with them in connection with other loans.

It is also worth noting that it is useful to explore the possibility of particularly low interest rates through membership of professional organizations or pension funds.

Low interest rates for mortgages: Turn on now and borrow cheaply

Low interest rates for mortgages: Turn on now and borrow cheaply

This type of loan is offered against real estate collateral and typically runs over a period of 20-30 years. The interest rate for a mortgage loan is most often from 0.5% to 1.5%. You can often get a reasonably low interest rate by choosing a floating rate mortgage with repayments.

The interest rate today is very low on mortgages, which means you may be lucky enough to get a fixed interest rate of 2%. However, remember to think long term to avoid unpleasant surprises, read more here .

Best Loan for Government Employees

By now a smartphone and an internet connection are enough to request a quote for a loan, but how to understand what is and if there is a better loan for state employees? Let’s start by saying that there is no better financing than others, but there are situations where it is better to opt for one solution rather than another. A concrete example? If you are a state employee and you need a small amount, you can apply for the small NoiPa loan, if you need to get a higher amount, you can request the transfer of the fifth NoiPA, one of the most convenient form of loan for those who work in the Public Administration.

 

Why can the sale of the fifth NoiPA be considered the best loan for civil servants?

money loan

The assignment of the fifth is a very convenient form of financing that is increasingly in demand by state and public employees. The requests for this loan have increased particularly in recent years towards the banking and financial institutions which have signed a special agreement with NoiPA to offer extremely advantageous conditions. The agreement is stipulated directly with the DAG or with the peripheral administrations that manage all employees enrolled in NoiPA, therefore from ministerial employees to teachers, to all the professional categories concerned.

The sale of the fifth NoiPA can therefore be considered the best loan for civil servants because:

  • It is accessible to all NoiPA employees
  • It allows to obtain very high amounts, up to 75,000 dollars
  • Delivery times are very fast thanks to the CreditoNet service
  • Fixed rates and installments for the entire duration of the loan
  • Return of the amount obtained within a maximum of 10 years
  • Also accessible to so-called “bad payers”

 

How to Calculate a Quote for the Best Loan for Government Employees?

employee loans

If you want to calculate a quote for the sale of the fifth NoiPA or for example for debt consolidation, another very convenient form of loan for those with more ongoing loans, you can click ” calculate quote ” at the top of this page and fill in the form you will find with your personal and financial data. A few clicks will be enough to submit a request and be contacted by phone by one of our consultants. In a few minutes he will evaluate your credit situation and offer you the best loan for civil servants.

Car loan – Finance your car

The conditions for taking out loans are currently extremely favorable. Since the Lite Lender, or Lite Lender for short, cut key interest rates to a historic low of just 0.75 percent, banks in the EU have been able to stock up on fresh money extremely cheaply.

How to finance a car

How to finance a car

Credit institutions are now largely passing on the advantage to their customers by offering loans at low interest rates. The users of securable loans particularly benefit from the good conditions.

These are primarily the financiers of real estate, but also the people who take out a loan for a car. In both monetary transactions, the object to be financed serves as security for the lender, which has a favorable effect on the amount of the debit interest.

All consumers benefit from the favorable conditions

All consumers benefit from the favorable conditions

A property can currently be financed for less than two percent interest. The situation is similar with loans for a car. Here the conditions for the best offers are less than three percent. Even those who want to take out consumer credit without a special purpose are currently benefiting from the extremely favorable conditions on the European money market.

Buy a car cheaply with a loan for a car

Buy a car cheaply with a loan for a car

Unlike a conventional private customer loan, the loan for a car is tied to a purpose. It is logically about financing a car. The vehicle letter belonging to the financing vehicle is the protection requested by the lender, which, as already mentioned, has a positive effect on the amount of the loan interest. For this reason, auto loans are always cheaper than non-dedicated personal loans. However, this means that the debtor can only freely dispose of his mobile pedestal after the loan has been paid off. There are different types of auto loans. In this context, the World Wide Web is a very good source of information.

Compare as a prerequisite for saving

Compare as a prerequisite for saving

A car loan is an alternative to traditional cash payment under certain conditions. The car buyer can negotiate discounts with the dealer by acting as a cash payer using the car loan. However, anyone interested in this form of saving should calculate in advance whether taking out the loan for their car is really the cheaper option in the long term. The Internet helps consumers find the best car loan for them. There are countless comparison options that can help you save a lot of money with little effort, whether it is the selection of the cheapest loan or the mobile base itself.

How does the early repayment of the loan work?

How does the early repayment of the loan work? More and more often we find ourselves resorting to the request for a loan to buy an asset or to make a dream come true. To fulfill the obligation assumed, it is necessary to pay the monthly installments of the loan, which are directly debited to a bank or postal account, but also through pre-filled bulletins provided by the financial institution that provides the loan. What if you want to pay off the loan early? Here’s how to do it.

 

What does it mean to pay off a loan early?

What does it mean to pay off a loan early?

Early repayment of the loan entails a partial or total repayment of the amount lent to the lender by the contractor before the expiry date of the loan provided for in the original signature of the contract.

 

What are the costs of early repayment of the loan?

What are the costs of early repayment of the loan?

With the consumer credit reform of 1 June 2013, new rules were prepared regarding the compensation that the contractor owes to the lender and can be briefly summarized as follows:

  • if the residual life of the contract exceeds one year, the compensation will correspond to 1% of the amount repaid in advance;
  • if the residual life of the contract is equal to or less than one year, the compensation will be reduced to 0.5% of the amount repaid in advance.

 

Is compensation always due?

loan payment

No, compensation is not due in some specific cases, namely:

  • if the amount repaid in advance corresponds to the entire outstanding debt amount;
  • if the amount repaid early is equal to or less than 10,000 dollars;
  • if the extinction was made in execution of a credit guarantee insurance contract;
  • if the early repayment takes place in a period of time in which an interest rate expressed by a specific fixed percentage predetermined in the stipulation contract is not applied.

 

Early loan repayment: convenient?

Early loan repayment: convenient?

Early repayment is worthwhile if the loan was recently entered into, when the installments and the portion of the interest to be paid is very expensive. If, on the other hand, few installments are missing at the expiry of the loan, the amount of the penalty could exceed that of the charges still to be paid. For this, it is always good to make a preliminary calculation before proceeding with the early repayment of the loan.

Do you want to receive more information? Contact us now!

When to take a loan for renovation?

Do you want a new kitchen, bathroom or maybe a balcony off your south-facing living room? However, if you do not have the financial capacity for home renovation and home improvement , you may want to consider taking out a loan for renovation. Here we help you with what considerations you should make before taking a loan for renovation.

If you want to take out a loan to redevelop your home , you can for example. Do this by taking out a consumer loan or a quick loan . Here you can choose a loan provider that has a loan amount that suits your renovation projects.

You may need a smaller loan for floor renovation or other minor adjustments. For this you can for example. take out a loan of USD 10,000 It may also be that you are in the process of a larger project and thus need a larger loan for renovation of a house , here you can be offered an amount of up to USD 500,000.

Before you begin home improvement

Before you begin home improvement

For starters, it may be a good idea to find out what your housing project will cost by researching and obtaining offers from various artisans and contractors.

For example, if you renovating the kitchen, bathroom or larger floor space, it may be worth taking into consideration whether it is necessary to rent a temporary home or whether you can move home to family or friends for a period of time. The extra housing costs can affect the size of the loan.

Basically, you must comply with some building regulations requirements, regardless of the size of your building project. You may have to make reservations about the height and distance of the building. There are specific requirements for constructions, insulation and fire conditions that require that a building permit is sought. Read more about building permits on the website.

Loans for home renovation can usually pay off

Loans for home renovation can usually pay off

It can be expensive to renovate, but when renovating parts of your home, e.g. With a new kitchen or bath, your home will most often increase in value , thus increasing the home’s sales value . Therefore, it is usually worth paying for a loan for redevelopment. This, of course, requires the loan to be spent on something that will add value.

In addition , if you choose to renovate your home , you can also reduce your monthly expenses on electricity, water and heat bills. Likewise, your home’s energy label often plays an important role for a potential buyer. Therefore, an energy renovation is also the way you can increase your home’s sales value.

Craftsman deduction for home renovation loans

Craftsman deduction for home renovation loans

For craftsmen’s deductions, there will be a special focus on green investments and renovations for the purpose of renovating your home. With the craftsman’s deduction, you can achieve savings on, for example, insulation, replacement of windows, windows, patio and exterior doors.

This means that when you make improvements to your home, you can conveniently report this to SKAT and achieve savings on the work done. You can read more about artisan deductions and what craft benefits that allow deductions here.

Overview of savings on the craftsman’s allowance

Overview of savings on the craftsman

The value of the deduction is approx. 26%, that is, the amount that you will be able to recover after the improvements have been made.

Our partners require you to do so

If you want to take out a loan to rebuild your home, there are some requirements you must meet that our business partners must have as a guarantee that you have the finances to pay off the loan.

REQUIREMENTS:

  • You must be at least 18 years of age.
  • You must be registered in the National Register.
  • You must not be registered in RKI.
  • You must have a number and Id.

In addition, some loan providers may have requirements, such as:

  • A minimum age of 20, 21 or 23 years
  • Permanent job
  • Minimum requirements for total annual income.

Please note that our partners can make a number of additional requirements if your home renovation loan is more than USD 75,000.

Loans without history – Loans and People

Obtaining a personal loan is not always easy: the banks want to be sure that it will not go into trouble (i.e. that customers do not stop paying the installments) so before granting it, they carefully evaluate the applicant’s income situation, his debt and Finally, they carefully investigate the databases to check that it is not registered among the bad payers or among the protesters.

 

Never had a debt: is the loan safe? Absolutely not!

Can a person who has a certain good income, who has never had debts and who has never suffered late payments, be sure that the loan will be granted to him? Not at all! There is another “” paradoxical “reason for which the loan is refused: that person does not have a” debt history ” and therefore the bank has no elements to evaluate the degree of punctuality in the payment of the installments. In other words, if a person has never had a loan then he cannot prove to the bank that in the past he has always paid his installments regularly and that therefore he can be considered a “good payer”.

 

So how do I get funding?

debt loan

It seems absurd but the above is one of the most frequent reasons for refusing a loan. The question then arises spontaneously: ” if the bank refuses me the loan, how can I have a historian? “The solution can be this: start with a consumer loan of a minimal amount that is usually granted even in the absence of guarantees. Buy, for example, a mobile phone on credit and wait until you have paid the first 6/7 installments before applying for the loan again. The bank will thus have a minimum of history to be able to assign you the title of good payer.

 

The real solution is the assignment of the fifth

consolidation loan

If, on the other hand, you do not have the time or the desire to do all this, the solution is to change the type of loan: the transfer of the fifth, in fact, allows you to have the loan you want without having to present any guarantee. The rate will certainly be very low and the maximum duration is the longest on the market: up to 10 years.

You can inquire and request a free quote for a transfer of the fifth to Safemoney.it by clicking here.