For several weeks, banks have had a new limitation around their neck – they must be more conservative in their credit standing. According to the provisions of the T recommendation, which entered into force in December 2010, the sum of all loan installments repaid by borrowers may not exceed 50 percent. net earnings. If someone…
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Lower installment, but a cheaper loan?
Increasingly, additional costs decide about this, the calculation of which is no longer so simple. For this, a calculator and knowledge of basic arithmetic operations are not enough. What do you need to know about banking mechanisms to choose the best option? You have to start counting differently! Commission for granting a loan, commission for…
Presidential law: franchisees will be able to restructure the loan
It permits forced restructuring, e.g. in a situation where the bank does not want to deal with the borrower in debt. The bill aims to restore the equality of the parties to the loan agreement, which was denominated or indexed in foreign currencies: Swiss francs, dollars, USD or other currency – said the presidential minister…
USD loans cheapest in history
The basic interest rate is currently at the lowest level in history – 2.75 percent. As a result – the interest rate on loans in USD is record-breaking. Low level of company investment What prompted the GFI to cut? – Weaker GDP data in the first quarter, indicating a slightly stronger than expected, the slowdown…
The stabilization of housing prices can be long and uncertain
It should be added immediately that developers and people who plan to sell flats have such hopes. Those who are trying to buy are still counting on falling prices. Price index in the largest cities Meanwhile, they have not fallen below the levels of December 2012 since the beginning of the year – this is…
De minimis guarantee – loans with a guarantee
Simply put, a de minimis guarantee is a kind of security for working capital or investment loan in the event that the trader fails to settle the liability within the time limit that was previously specified in the loan agreement. Thanks to this, the bank can be sure that the borrower will repay the financial…
Economy loans are cheaper
Depending on the construction and heating technologies used, they can differ significantly. According to E-Money Broker estimates – the annual cost of heating an average insulated house, built in the 1990s, with an area of 150 sq m. may amount from 2.7 thousand per year in the case of coal, up to 4.9 thousand USD…
How to repay loans?
Everyone who takes a loan would like to pay as little as possible. However, not always a lower installment means cheaper credit. If the reduction in monthly costs is not due to a lower interest rate, but the extension of the period is despite ad hoc benefits, the whole loan can cost us much more….