How to get a 50 thousand USD online loan.

Getting a loan of up to $ 50,000 is not an easy task but it is possible. This type of amount can be useful for various events, such as the renovation of a house, a particularly important medical expense, the purchase of a luxury car or a camper to travel, etc. Whatever the reason why this money should be used, however, it is appropriate to give the bank that provides them with considerable guarantees. Certainly the most advantaged, in this, are the employees, public or private, who can take advantage of the transfer of the fifth.

The transfer of the fifth remains the best solution

The transfer of the fifth remains the best solution

For a personal loan of 50,000 USD, the transfer of the fifth seems to be the most suitable solution. The latter can be considered as a personal loan, with two fundamental differences: the first is that the sum requested can also be very high, up to 80-90 thousand USD (after which there are only mortgages). The second difference concerns the recipients, since the transfer of the fifth, by withdrawing one fifth from the salary in the paycheck every month, is reserved for employees or retired workers. Usually a assignment of the fifth can last up to 10 years (120 months) and is very safe.

Personal loans up to 60,000 USD

Personal loans up to 60,000 USD

However, for those who cannot afford this solution, because perhaps they do not have an employee job, whether for an indefinite or a fixed term, then it will be necessary to think of a personal loan of 50,000 USD. Unlike a few years ago, when in the midst of the economic crisis the banks did not grant loans of such a high amount, today banks and financial companies have started to offer products that include personal loans of up to 60,000 USD.

One of these is that of Best Bank, which is part of the Spin Lender group and has loans of up to 60,000 USD, with an amortization plan of up to 120 months and interest rates that are around 10.50% on average. Tan and 11.02% of Taeg (see also Personal Loans offered by Findomestic).

Interesting personal loan of 50,000 USD is also the one proposed by Lite Lender Company: dedicated not only to employees and retirees, but also to self-employed workers, artisans and freelancers, it can be repaid in installments that also arrive , at a number of 120 and interest rates that do not exceed 12% (neither in the Tan nor in the Taeg). Obviously it will be necessary to present adequate income documentation to take advantage of the requested amount, but once this step has been carried out, the amount necessary for the loan will arrive in your bank account within 48 hours (see also Loan quote).

What Are Bad Loans?

The decision of which bank or online company you would like to borrow from for individual purchases is closely linked to the question “What are bad loans? “

What Are Bad Loans?

What Are Bad Loans?

Private to private

Shortly after around 2008 many online providers offered loans from private to private, the uncertainty about such portals increased because many critics opposed them. However, we can only recommend taking a somewhat more complex and comprehensive view of such loans. And that includes the necessary know-how.

In the following, we give you a brief insight into which loans from private to private are not or are recommended.

As a rule, providers are very dubious where you have to pay money before a loan has even been approved. Since it is usually less than 10 dollars, many customers do not see it as closely and pay the amount required to get access to the credit brokerage portals from private to private.

However, you should know that usually only 5% of all required loans are approved by such portals, that is, in order to really get enough money for your request, you usually have to make requests to several such portals. The money that you pay as an admission fee adds up and you lose a lot of what you need so badly.

In contrast, there are private to private agents who only collect the processing fee and the like when a credit agreement has been concluded. You never pay unnecessary fees, which is why these portals are highly recommended in contrast to the above.

In addition, there is a third category of companies that offer loans from private to private. There you will only be given contact with a possible creditor and these providers will stay out of the actual credit negotiations.

We would also advise against this, because then you have to manage the interest negotiations and all the formalities yourself and, in case of doubt, pay too much interest because you are dependent on the creditor.

Read all terms and conditions and comments of other users on all private to private credit portals. Although this is often time-consuming, it is incessant to get a good overview of the reliability of the provider.

What Are Bad Loans?

What Are Bad Loans?

Bank loans

Unfortunately, all bank loans are no longer trustworthy, and here too you should be careful about which deal you are getting into. Especially when advertising with quick and easy loan processing, you often pay very high interest.

Many banks also calculate that their customers need the money now and quickly and therefore charge interest that is far above the actual interest level. To rule this out, it is always advisable to consult a bank advisor.

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.

Finalized loan: how to apply for it?

 

Why and when should the finalized loan be preferred to the personal one? Among the offers, loans that fall into the category of personal ones are much more frequent and offer more choice than the classic finalized loan. In fact, it is possible to find proposals both from financial companies such as Spin Lender, and from banks such as Spin Lender, Cream Bank or Lite Lender Company.

Having said this, in some situations the finalized loan is to be preferred without any doubt. In order to understand the situations in which it should be sought and chosen, let’s see in the meantime what it is and what it is used for.

What is it?

What is it?

Very often, when we need to buy commonly used objects (such as appliances, cars, smartphones, and so on) if we do not have the opportunity to pay the full amount, we are already offered to accept inside the store. take out a loan finalized (or finalized loan) in installments, connected with the main financial companies in Italy (for example Spin Lender, Spin Lender, Prestitempo, etc.).

This eventuality is practically always present in the big chain stores (for example for those of technology we offer purchases with financing also online), or when it comes to buying a car from a dealer. If, on the other hand, we are referring to a small exercise, then we could have few alternatives, and be forced to ask for a personal loan or decide to make a purchase using a revolving card.

What is this financing for?

What is this financing for?

The first thing to know is that a finalized loan differs from a personal one in that in the first case the sum requested is “finalized” to purchase a specific object inside a shopping center, a shop, or any other merchant. Loans not finalized, on the other hand, are those requested from banks or financial companies (without the intermediary of the merchant) and which must not be accounted for as regards the purposes of use. In a very concise way, they are required when you need liquidity to be used to deal with an urgency, or for any use that should not however be justified or explained.

In a nutshell, the sum disbursed by the finance company, in a finalized loan, is paid to the operator directly by the credit institution, unlike the non-finalized, in which the sum goes to the final customer. This also applies in the event that a personal loan is required to purchase an asset (eventuality used very often for example for a used car or a private individual).

How does it work?

How does it work?

In practice, when we give consent to a loan aimed at cars, appliances, smartphones or other objects that we purchase, we are already signing a consumer credit request contract at the point of sale, to stipulate which the operator first informs about the conditions and interest rates of the loan, then collects all our data (such as identity card and tax code, paycheck or other document that demonstrates the repayment capacity) and forwards the request to the chosen financial or bank. In this case we can therefore have a loan aimed at Lite Lender Company, Spin Lender, etc.

Response times are fast, ranging from about ten minutes to little more. Once the request has been accepted, the finance company will withdraw the sum established during the signing of the contract from the current account (via RID) of the customer, which will be valid as an installment until the balance of the debt.

This procedure is not followed in the case of Across Lender, which allows you to pay in installments by using your own ATM, without having to make any request by completing and submitting a contract. However, it falls into the category of targeted loans. Instead, the installment made with the use of the revolving card remains in consumer credit but is part of personal loans.

How to apply online?

How to apply online?

The first thing to do is to make sure that for the type of purchase you want to make online there is the possibility of requesting a finalized loan. If it is possible, when selecting the product, selecting the purchase, once you have entered the section of payment methods that can be used, you will also find the reference to the financial.

By choosing this as an option, you are referred to the financial page, which will ask for a series of mandatory personal data, the indication of the income, the recognition of the identity by bank transfer for the digital signature, and then the sending of the documents in digital format. For the entire period in which the financial will take charge of the file, the booking of the product will remain active in the online shop system. Then, if the finance company decides to grant the loan, the goods purchased will be sent, if instead the booking will be denied, it will automatically lapse.

Agreements and brands affiliated with financial companies

Agreements and brands affiliated with financial companies

It almost always happens that it is not the customer who chooses the financial company that will provide the loan, but the operator. This is because agreements and conventions exist between financial and marketed brands. An example may be the agreement that Spin Lender has entered into with Honda, Piaggio and Suzuki for the purchase of motorcycles and mopeds, while other agreements have been entered into with chains of shopping centers.

Obviously exhibitors will tend to enter into agreements with various financial companies, which will also allow them a good profit margin. Today the most used are Spin Lender and Lite Lender Company, while in third place we often find Cream Bank Easy, but they are above all the first two that most often offer zero-rate loans (usually with repayment in 10 installments but recently longer durations are emerging up to at 4 or 25 installments).

However, it is necessary to highlight the fact that there is a difference between the purchase contract and the loan agreement: this means that if there are problems with the operator (due to the malfunction of the purchased object or other unforeseen events) the loan must still be carried out (see also Immediate online loans ). In fact, once the loan was granted, the financial company paid the price agreed on behalf of the applicant to the seller, with whom it will have no slope. For all the details on the operation of this type of loan, it is advisable to consult the dedicated pages on the websites of Lite Lender Company.it or Spin Lender.it.

Loans to young people: guide to choose the right loan

The difficulty of finding a job or being able to give yourself a home, or even to follow and perfect your studies, can find the most suitable answer in the facilitations of young loans. In fact, focusing precisely on the difficulties in accessing credit, various large banks have created an offer dedicated to an age group which is mainly between 18 and 35 years of age.

As regards young loans for starting a business, on the other hand, the most provided channels of offers can be the ‘institutional’ ones, namely:

  • regional funds;
  • state funds.

Differences between public and private offer

Differences between public and private offer

Let’s start by pointing out that compared to a decade ago it has become very difficult to find an honor loan with completely non-repayable financing. On the other hand, the public offer allows for two forms of safe “facilitation”, namely:

  • access to credit without having to provide personal guarantees;
  • facilitated repayment methods: low rates and, in some cases, a non-repayable part.

To these aspects, however, is added what can be a great limit or the lack of total coverage of the cost to be incurred to start the business with percentages that vary according to the regional regulations approved with the various assignment notices.

The private offer, or that of the banks, depends instead on the purpose for which the loan is requested by dividing into:

  • young loans for personal expenses (such as buying a house, a car, etc.). These may provide for facilitated conditions but almost always also pass through the presentation of appropriate guarantees (therefore if the young person does not have a demonstrable income he will probably have to present a guarantor);
  • “honor” young student loans: on the basis of agreements with universities adhering to specific agreements, students who have certain merit requirements, can obtain funding to continue their studies or take specialization courses, without having to repay financing immediately and, above all, without the need for guarantors;
  • young loans for starting the business: the banks that provide this possibility need valid business plans and can request specific requirements and guarantees, which vary according to the type of request, amount, customers, etc.

At the state level, the funds are now granted through Invitalia, an agency that has been specifically created to support the launch of new businesses with an eye for young people and women. An example in May 2018 is with “New Zero Rate Companies”.

As can be seen from the name, the loan is at zero interest, covering up to 75% of the expenses incurred for an amount of up to 1.5 million USD. At the end of March 2018 (Invitalia official data), this fund had already funded 393 initiatives for a total of 80 million USD.

Mainly exploit the microcredit route

Mainly exploit the microcredit route

Instead the Regional funds today mainly exploit the microcredit route. An example is found with Future fund of the Lazio region. This is not a novelty but a loan that has already been used previously, proposed with the allocation of new funds. Referring to the version launched in the spring of 2017 until the fund is exhausted, a rate of 1% has been envisaged for amounts between 5 thousand and 25 thousand USD of financing. Again, young people are among the target groups for this initiative.

Banks have credit policies subject to the strategies that the boards of directors decide to follow, but there is no doubt that some banking groups have shown consistency in providing loans for young people in their offer.
Let’s look at some of these examples.

Subsidized loan with a fixed rate

Subsidized loan with a fixed rate

Those who meet the requirements set by Nice Bank can obtain a subsidized loan with a fixed rate which can reach a maximum of 8.19% in Taeg without the application of the preliminary costs. The sums range from 500 to 15 thousand USD for personal expenses. For information you can use the online option while for the request you must still go to the branch.

With Nice Bank offers young people the possibility of requesting up to $ 30 thousand, at a fixed rate (on May 8, 2018, equal to 6.99%) and a duration of up to 84 months. The basis for evaluating the request is the project for which funding is requested, therefore one must inquire directly with one of the Ubi agencies.

Best Bank has seen the offer of Fast Loan for a long time in the vast range of Fast Loan, but it is above all with the double offer of the honorary loan that it continues to focus on the talent of young people.