The best online loans for retirees, self-employed and employees?

Best Bank is the financial company belonging to popular bank that was born from the need of the Nice Bank to be able to offer financial products specifically designed for families and individuals, exploiting the potential of online services, with access to their own area with a simple login. The presence of the various branches of reference is not homogeneous, given that in Rome there are three points, but there is also a reference agency in smaller cities in Lazio such as Giulianova, while in Milan (where the registered office is also located) ) there is only one point. For each there is a specific non-green telephone number.

Loans against the assignment 

Loans against the assignment 

Many and diversified are, however, the solutions that are offered: personal loans, targeted loans and, above all, loans against the assignment of a fifth of salary or pension, a sector in which Best Bank, thanks to a series of agreements entered into with Social Welfare and with the major Italian companies, it manages to offer particularly competitive products.
Let’s see together what are the financing possibilities that Best Bank spa makes available, distinguishing between personal loans, finalized and not, and loans with assignment of the fifth.

Loans that can be requested by employees

Loans that can be requested by employees

These are loans that can be requested by employees, public or private, and by pensioners and which provide, in exchange for the transfer of a part of their salary or their pension, which has the function of guarantee, to be able to quickly receive the requested sum (see also Immediate online loans).

Best Bank proves to be particularly avant-garde for this type of product, which represents one of its workhorses. In fact, on the company’s website it is possible to receive a quote for the transfer of the fifth in a few minutes and free of charge.

There are three solutions that Best Bank offers to its customers. Let’s see the details together.

 

With direct debit on salary

With direct debit on salary

It is a loan with delegation, or with direct debit on salary, reserved for employees, public and private, who work in companies affiliated with Best Bank and represents an additional possibility to request a loan even if there is already a transfer of the fifth.
ProDipendenti Delega has the same economic characteristics regarding the amount and number of installments of ProDipendenti.

Personal loans that are aimed at employees and retirees

Personal loans that are aimed at employees and retirees

Also very interesting is the range of personal loans that are aimed at employees and retirees, but also at those who have atypical employment contracts or who can demonstrate an income capacity or, again, who can present a co-obligation to act as guarantor.

All Best Bank personal loans have in common that they are fixed rate and give the customer the opportunity to choose the day the installment is debited to allow everyone to organize themselves according to their own income. However, it is not possible to have a free online quote, but it is necessary to contact some agency.

Should you pay off a debt early? – increasing clarity in the early repayment of the loan

In recent years there have been some interesting innovations for the benefit of consumers, who have revised the regulation of the financing sector with interventions also aimed at increasing clarity in the early repayment of the loan. This especially in view of the repayment of the unused insurance connected to the loan (such as in the case of the transfer of the fifth).

What is it about?

What is it about?

The early repayment of a loan can be a very useful solution in all cases in which the person who has requested a certain sum from a bank or a financial company decides to pay the remaining amount (only in principal, without interest) in advance, thus avoiding future installments. However, is this a zero-cost operation or does it have penalties? Let’s find out together.

When to do it?

When to do it?

There can always be situations in which the applicant for a personal or finalized loan has new liquidity and the possibility, therefore, to reduce the installments and to pay off all the remaining debt. A possibility that can allow both to pay off a mortgage and a loan which in turn can be disbursed indifferently by Government Agency (and other public bodies), by a bank or by a financial company (since the lender does not affect the itself).

This operation is the early repayment of the loan (guaranteed by art. 40 of the Consolidated Banking Act) and can also occur when those who take advantage of the loan have in the meantime found another at more advantageous interest rates, therefore extinguishing the old one thanks to the sum obtained from the new one.

In this context, however, a distinction must be made according to whether it is a mortgage, a transfer of the fifth or a normal personal loan. In the case of mortgages, in fact, there will be a replacement or subrogation, in the case of the transfer of the fifth, the “renewal” while the actual extinction with the ignition of a new loan will take place in the hypothesis of a personal loan.

In which cases can it be convenient?

In which cases can it be convenient?

It goes without saying that the cases in which the early repayment of a loan can be a convenient choice, occur if there are still several years to its natural end. This is because you would avoid paying interest accrued over a longer period of time. The presence of ancillary and insurance costs must always be considered, but generally due to the French amortization, the higher the capital to be repaid (therefore from the beginning of the loan up to a little more than its half repaid) and greater it will be the savings on the interest amount to be returned.

With this in mind, if you have two loans and you have to decide which one is the most convenient to pay off early, at the same rate, you should prefer the one with the longest residual term. Having said that, to make a more precise calculation it is possible to use one of the special online tools. The calculators on the web are normally provided by independent sites, are free of charge and do not even require registration.

The commission on residual capital

The commission on residual capital

Some annoyances can instead come from a clause found in some contracts of some personal loans (it must be said that many others do not provide it, so it is good to read carefully everything we sign) that remind a little of the penalty to be paid early termination of the assignment of the fifth (see also Early termination assignment of the fifth).

Here too, in fact, banks protect themselves from the “damage” caused to them by those who pay in advance, since they do not allow banks to enjoy the accrued interest. Thus, in such circumstances, a commission on the residual capital has to be paid.

The latter can for example be equal to 1% if the amount remaining to be repaid exceeds 10,000 euros and it takes more than 12 months to expire the loan. If, on the other hand, less than 12 months are missing, the commission could be around 0.50%, while if the residual debt is less than 10,000 euros, no commission may be expected.

Other banks, on the other hand, establish in advance that the early repayment of the loan will not be possible before 18 months have elapsed since the loan was granted.

So in summary, if you intend to apply for a loan from a financial company, such as Agos, and Findomestic, or from a bank such as Compass or Santander, or from any other bank, in addition to the convenience of the rate immediately, you must also consider how much will have to pay if you already intend to pay off the loan in advance, perhaps pending the arrival of some more or less budgeted liquidity.

Any other expenses

Any other expenses

We have seen that those who wish to pay off a loan in advance sometimes find themselves paying a commission on the residual capital.

To this could be added the extinction accounts, which provide for the payment of an additional amount, to be added, possibly, to the so-called “daily diets”, ie the accumulation of interest due in a period of time ranging from the payment of the last installment until the early repayment of the loan.

For more information and to know all the details on this possibility, consult the Banking Consolidation Act, available on the Bank of Italy website.

As mentioned at the beginning of the article in May 2010, Best Bank intervened introducing the right of the borrower or financed to obtain in the event of early repayment of the loan reimbursement of the related insurance premiums already paid but not enjoyed. In the same ‘intervention’ it is specified that the bank must not be obliged to remind the person making the early repayment that there are unused insurance premiums but it is the same funded that has to be concerned for the return of the premium.

In fact, even if for contracts stipulated after the news of 2010, there must be an indication not only of the possibility of obtaining the reimbursement of unused premiums but also of how these amounts are to be calculated, it may happen that the bank does not autonomous to their supply.

Obviously, even for contracts stipulated before 2010, when there was no obligation to provide information on the calculations and reimbursements of insurance premiums, the right to reimbursement does not lapse. The method of calculation will be made proportionally between the residual duration of the amortization plan and the total premium: if the amortization plan is about half, then the reimbursed premium will be about half, etc.

 

Restructuring loan: wanted to change the loans installments

Everyone happens at least once in their life to having to renovate their home: you want to make structural changes, you want to carry out maintenance or even just to refresh the walls a bit and maybe install new fixtures. The prices for these jobs, however, are not exactly accessible, which is why there is a particular type of financing that relates to the restructuring loan. Let’s see what it is by comparing three different loans as examples.

For even very low amounts there is Nice Bank funding

For even very low amounts there is Nice Bank funding

If we intend not to make major changes to our house but to just refresh it here and there then the Nice Bank restructuring loan can be interesting: with amounts disbursed that start from just 1,000 USD (but reach up to 60,000 ) finances from ordinary to extraordinary house maintenance, from the replacement of doors to locks, with many other interventions. The installments can be chosen according to the needs of the applicant and the interest rates amount, in a loan of 15,000 USD, to a fixed Tan at 5.70% and a Tag at 5.85%. 

Best Bank also covers the construction of swimming pools

Best Bank also covers the construction of swimming pools

If, on the other hand, you plan to stay in the range between 2,750 and 30,000 USD and you have work in mind for the garden and the outdoors, then it might be useful to take a look at the Best Bank restructuring loan. With a fixed Tan of 5.56% and a Taeg of 6.17% it also allows expenses for the construction of swimming pools, general renovations and fixture installations. For further information, please consult the website www.agosweb.it or call the toll-free number.

For higher costs, you can contact United Loan

For higher costs, you can contact United Loan

Finally, for expenses up to $ 100,000, among the loans for the restructuring, United Loan finances all the interventions that fall within the typologies envisaged by the current Stability Law and previously established by Law Decree 63 of 4 June 2013 in this regard, you can consult the website of the Revenue Agency. Also in this case the installment is flexible, it is paid monthly through RID and the interest rates are quite convenient: fixed Tan at 6.50% and fixed Taeg at 7.07%.

Urgent loan – How to get it even without guarantees

When you do not have the income requirements to have access to a personal loan but you are in need of finding liquidity as soon as possible to be able to cope with a sudden unexpected event, a good solution to be able to obtain an urgent loan is to turn to changed loans. .

By taking advantage of the potential made available by the IT tools that allow to speed up operations and procedural procedures, it is possible to obtain an urgent loan changed even during the day and without any particular guarantees to be produced.

Changed loans: how they work

Changed loans: how they work

Loans exchanged, if you are looking for an easy loan to obtain, are very versatile financial instruments that also lend themselves to solving the most difficult situations, what we could commonly call situations for desperate people. On the other hand, we cannot deny that these loans are also very binding and important, therefore it is necessary to know well what we are talking about.

Loans exchanged are settled through the issue of promissory notes, that is, the actual debt securities that the debtor issues to the bank, which can make them executive in the event of default by the subscriber. This means, in concrete terms, that in the event that the bills are not covered on the due date, the creditor can easily activate the expropriation procedure of the debtor’s assets.

Urgent loan: who can have access?

Urgent loan: who can have access?

The urgent loan changed, despite the greater ease of disbursement, still remains a financial product like the others; this implies that the credit institution that issues it activates the checks on the applicant’s income capacity because he is interested in understanding how this can manage to repay the loaned capital.

From this it is clear that if it is true that you can have access to a loan changed even if you have registered in the Protest Registers and in the lists of bad payers (see also Visura protests). It is equally true that if a document that certifies sufficient income to cover the bills of exchange is not produced, the participation of a guarantor who shares the responsibility of the debt with the holder may be required (see also Auto financing without paycheck).

This does not mean, however, that an urgent loan can be obtained more easily than the standard ones, possibly even during the day and without guarantees to be presented.

We can therefore affirm that the changed loans even if they can be requested by employees and pensioners, the usually most facilitated categories in the consumer credit sector, are a solution suitable above all for the economically more disadvantaged and less guaranteed people, such as housewives, young people students, the unemployed, the self-employed or those who have fixed-term or occasional employment contracts.