3 keys to make sure that a loan is perfect

We all have a friend who always buys the same as us and, above all, at a better price. No matter what product it is, he always gets the best deal, and the worst part is that he brags about it. As it does? Comparing and investing time.

We all have a lot to learn from that friend. If it is about finding a loan with the best conditions, the trick is the same, but we must know what to look for so that later we do not scrub their offer. These are 3 elements that we must control to have the best possible credit.

Beyond the interest on the loan

 Beyond the interest on the loan

Obviously, we will have to look a little beyond the basics: we all know that the lower the interest on the loan, the better for us. Starting from that basis, we can go on to review other aspects that interest us:

  1. Commissions: some financing includes them, whether they are opening or study. These usually represent a percentage of between 0.50% and 3% of the amount loaned, an amount that, depending on the loan requested, can be quite high. For example, if we ask for 10,000 dollars and the opening commission is 3%, we should pay an extra 300 dollars. So, if there are no commissions, it is a first point in favor.
  2. Early amortization: canceling an operation before the agreed term is met can save us money. Of course, some lenders demand compensation for it that can be, at most, 1%. If early redemption is free, we won’t have to overpay. This is the second point to control.
  3. Linked products: sometimes, when requesting financing, the entity that will lend us the money will ask us to contract additional services such as life, payment or account opening insurance. These can (usually) carry an associated cost. If we avoid them, we’ll make sure we don’t have to overpay.

Of course, with respect to this last point, we must know that these extra links can suppose that they grant us less interest. In these cases, we must calculate whether this discount, taking into account the cost of the services that we contract, comes to account.

Who has this type of credits?

Who has this type of credits?

When dealing with these issues, one of the questions that arises is who allows us to benefit from this type of advantageous financing. One of the lenders allows to get from 4,000 to 15,000 dollars from 4.95% TIN without commissions of any kind and without related products. In addition, it is available for any purpose: buying a car, paying for studies or financing a reform, among others.

In the market we can find some more. However, to get it we will have to ask for a loan in several places and not keep the first offer that they ask us. A good way to do this is through the Oliver Mellors loan comparer, a place where anyone can find the financing that best suits their needs.

Short-term loans for 1 month

A situation where the resolution of financial issues does not tolerate a delay can occur at any time. It can be a large sum for the purchase or payment of expensive services and materials, a small sum for everyday expenses, or when there is simply not enough to pay.

Making a consumer loan for such purposes

money

It is simply not worth making a consumer loan for such purposes in a state or private bank. Since it will take a lot of time, effort and nerves. And most importantly, you also have to pay excessive interest, which makes such a loan completely useless and unprofitable.

Therefore, if you need to get a loan for 1 month, it is best to do it online on the Good Finance website. Thus, you will very quickly receive the necessary funds, in a way convenient for you, and most importantly – no matter how much money you need, in the end, you will never overpay more than you took.

We issue short-term loans and loans to individuals:

We issue short-term loans and loans to individuals:

  • with bad credit
  • without income statements
  • without guarantors
  • persons over 18 years old
  • seniors
  • without collateral
  • students

It doesn’t matter how much you earn or how old you are. This is not the main thing in obtaining a short-term loan from Good Finance. The main thing is that money should be available to everyone and immediately when it is needed.

With us you can take a short-term loan for any needs.

cash

  • before salary
  • for repairs (apartments, cars, housing, phone)
  • consumer credit
  • for the purchase of household appliances and special equipment (washing machine, refrigerator, laptop, camera, etc.)
  • vacation loan

In life, the unpredictable can always happen. In a situation of acute need for money should not take you by surprise. Now you don’t need to blush in front of friends, borrow money from them or take on bail your favorite and expensive things. Making a loan has never been so simple and affordable as with Good Finance.

Conditions for taking and repaying short-term loans

In order to get a short-term loan you do not need to stand in the queues of the bank, collect a bunch of documents, certificates, look for guarantors, undergo lengthy checks.

You just need to go to the Internet, mark the necessary fields on the website and get the necessary funds very quickly. To apply for a loan, you need the following:

  • Go to Good Finance
  • Set the required amount
  • Choose a term for loan repayments
  • Fill out an application for a loan
  • Check your credit card
  • Within 20 minutes, see how the required amount has been credited to your bank card.

After the expiration of the specified loan term, you need to repay the loan.

  • This can be done in any way convenient for you.
  • You don’t need to go to the bank specifically for this.
  • It is enough to go online and pay off the debt directly on the site
  • It is also possible to repay a loan at any bank or terminal.

If you are not in time with the terms of payment on the loan, then on our website a delay in payment is possible, which allows you not to worry, even if you have delayed payments a little. Making a short-term loan is now much easier and more affordable.

Why us

If you apply for short-term loans and borrowings at Good Finance, then you get a number of advantages that qualitatively distinguish us from other online banking services. These benefits include:

  • provision of credit funds without collateral, guarantors, statements of income
  • Your previous credit history is not important to us, even if it was negative
  • on our website you yourself choose the amount and term of the loan you need
  • we are always available, so wherever you are, whenever you need funds, Good Finance is ready to provide you with them.
  • also, you do not need to go through a lot of checks and confirmations
  • and most importantly, we work online and all you need is access to the Internet and 20 minutes of free time

Loan despite Credit Bureau entry with guarantors.

The Credit Bureau entry is colloquially only negative characteristics registered there, although most of the data of the credit protection association refer to properly serviced loans as well as existing credit lines and telecommunication contracts.

A guarantor is liable for the repayment of a loan as soon as the actual loan customer cannot make it. Guarantees are usually agreed jointly and severally. This means that the bank can turn to the guarantor after an unsuccessful dunning procedure and does not first have to have the customer unsuccessfully attached. The amount of the guarantee is usually limited to a specific loan including the associated interest.

Who can vouch?

Who can vouch?

A borrower can in principle suggest any person as a guarantor. In its own interest, however, the bank does not accept every proposal for a loan despite Credit Bureau entry with guarantors, since the legislator places specific requirements on the effectiveness of a guarantee by private individuals. These may not be financially underwritten with the guarantee given, at the same time neither their inexperience nor a moral emergency situation may be exploited.

This does not necessarily exclude the guarantee of close family members, but the bank must ensure that they are financially resilient and do not act out of a perceived predicament. A consequence of the legal provisions is that credit institutions, despite Credit Bureau entry with guarantors, place higher demands on the economic performance of the guarantor than on the actual borrower.

The guarantor must not have forfeited a negative entry at Credit Bureau, and at the same time his income must allow the guarantee obligation to be satisfied. If these requirements are met, the application for a loan despite the Credit Bureau entry with guarantors has good chances of approval, so that the guarantee is a sensible option for borrowing despite an existing negative entry.

What needs to be considered with a guarantee?

What needs to be considered with a guarantee?

When selecting the bank, borrowers make sure that the selected bank actually offers a loan with a guarantor despite Credit Bureau entry. Some direct banks generally do not grant loans with guarantees due to the workload associated with the guarantee declaration. At other banks, loan applicants with poor credit ratings or with negative characteristics in their Credit Bureau information themselves suggest providing a surety.

In some cases, a bank initially rejects a loan application and advises the applicant on its own that it can obtain the desired loan when it provides a guarantor. If a loan is entered into with a guarantor despite Credit Bureau entry, the bank concludes a loan agreement with the borrower and a guarantee agreement with the guarantor.

Furthermore, an agreement arises between the credit customer and the guarantor by law. This states that the borrower is obliged to reimburse the amount paid if the agreed guarantee is actually used against the guarantor.