Monthly Archives: January 2020

How To Get A Credit Instant Loan Online.

The bank consultant can quickly tell you as a professional if and how much credit is possible. A bank ensures that I can increase the monthly installments when calculating how much I can borrow. Above all, the free disposable monthly income must be high enough. They therefore expect an imputed interest rate to ensure that the customer can afford a higher lending rate even after the fixed interest rate has expired. How much personal loan can I get?

How much credit can I have?

How much credit can I have?

The lending business is one of the main tasks of the bank. In addition, mail-order companies grant installment payments to their customers, which from a legal point of view are also loans. This also applies to other special forms such as overdrafts and the use of a card or a call-off loan. In the vernacular, the lending business is mainly a bank loan or a loan granted by a private person by cash payment.

The borrower performs a loan comparison before taking out a loan. They pay attention primarily to the effective annual interest, but also to the credit conditions. Such contracts should be included in the loan agreement as credit customers can not ensure that financial institutions are able to comply with the fair decisions that they have currently taken and that have been praised in audit reports.

For many financial institutions, the amount of the costs also depends on the duration of the loan agreement, so it makes sense to compare loans on different terms. The credit comparisons do not always lead to reliable information on the loan costs, as some credit institutions calculate interest-rate dependent on the credit rating. In this case, you will only receive your loan interest after submission of the loan application or after requesting conditions.

You can revoke the loan application if the fees are too high for you.

You can revoke the loan application if the fees are too high for you.

Financial institutions grant loans only if they estimate the repayment probability by the borrower as sufficiently high. For this purpose, they check both the creditworthiness with regard to the previous payment behavior, which is represented in a Credit bureau information without negative entries and in the highest possible Credit bureau score, as well as the earnings creditworthiness.

This must be high enough to earn the cost of living and the monthly loan installment. This part of the credit check is also known as the Revenue and Expense Account, where individual banks apply different standards. Some credit institutions do not include them in their accounts, while other financial institutions include them in whole or in part.

If, in addition to your main job, you are a marginal or self-employed person, you should make sure that the credit institution you select takes account of this in your income and expenditure account when applying for credit. Because an online loan is nothing more than a loan that you apply for on the net and not in a branch of the house bank or on the phone.

The law requires that your personal information be reviewed before granting a loan, and you must then perform the Postident procedure. Alternatively, there is the video identification method, which is currently supported by only a few financial institutions. If you apply for a loan on the Internet and the financial institution has a branch in your area, you can also present your ID there.

Some financial institutions provide you with the payment of the credit within 24 hours.

Some financial institutions provide you with the payment of the credit within 24 hours.

Outside the banking sector, you can obtain credit from private credit agencies via the Internet. The procedure for applying for a loan is similar to that of conventional financial institutions, but private lenders are careful to specify their purpose as accurately as possible, as their lending decision depends on the use of the funds.

You have a good chance of getting loans through the brokerage platforms, even though most credit institutions show your credit rating as the limit.

Loans for students – offer, advantages, conditions

Most young people confirm that the study is financially very exhausting. In addition to the cost of living it is necessary to buy a notebook, textbooks, regularly pay shipping and sometimes expensive tuition. Not surprisingly, there is often no money left for studying abroad or unexpected expenses. A solution in such situations may be a student loan that will help cover the costs of studying. What are the conditions for student loans and who is offering this product?

Unlike the Western countries, the Czech Republic is definitely not a paradise for student loans – as these are loans for students without income, their offer is quite limited.

As a general rule, banking companies require proof of regular monthly earnings and must obtain a guarantor if their income is insufficient. Banks tend to offer other types of products to young people, such as a credit card or an overdraft for a student account. Downright student loans are provided by very few companies.

What can a student loan be used for?

What can a student loan be used for?

The student loan is a special-purpose loan and is intended to cover study-related costs. It can be used for example for:

  • tuition
  • study abroad
  • educational courses
  • notebook
  • dormitory accommodation

Some companies only offer loans to college students, others offer loans to high school students. The purpose of the loan may vary – some providers only allow it to pay tuition fees, but most of them can also be used for other needs.

Benefits of student loans


Compared to regular consumer loans, student loans are associated with a greater number of benefits. These include:

  • possibility to repay the loan after graduation
  • lower interest rate
  • possibility to postpone installments
  • possibility of early repayment of the loan without penalty

Perhaps the biggest advantage is the ability to repay the loan after graduation and during the course of dealing only with interest. Of course there is the negotiation and maintenance of credit account without fees.

Conditions for student loans

Conditions for student loans

Like other special-purpose loans, a student loan has certain specifics. It is obvious that it is provided only to persons who actually study. However, loan applicants must meet other prerequisites. The conditions for student loans are:

  • ISIC card or other authorization confirming student status
  • age to 26 years
  • own a bank account
  • (proof of regular income)
  • (guarantor who guarantees the loan)

As these are loans for students without income, there is no need to prove regular earnings with some providers. In the case of a loan over USD 30,000, it is usually necessary to secure the loan by a third party.

 Student loans are used to cover study-related costs. They can be used by both college and secondary school students.

Bank student loans

Banks offer special discounted products to students with low interest rates, zero fees and postponement options. These include, for example, Best Bank and its Lite Lender loan, which can also be used as a loan for high school students.

The loan comes in handy for anyone who wants to study abroad or need to pay a tuition, education course or a new computer.

Lite Lender loan parameters:

  • Loan amount: 20 000 – 600 000 USD
  • Who is it intended for: Students of secondary schools, colleges and universities
  • Maximum maturity: 10 years
  • Interest rate: from 6.9% pa
  • Processing fee: 0 USD
  • Early repayment: 0 USD

The Lite Lender loan is one that can be repaid after graduation. It is therefore only necessary to pay interest during the course of the event.

* The loan for secondary school students only applies to the tuition fees.

Non-bank loans for students

Non-bank loans for students

Although non-bank “student loans” appear to be real loans with benefits for learners, these are generally ordinary non-bank loans that are offered to all applicants without distinction. They are often advertised on the Internet as:

  • quick loan for students
  • loan for students immediately on account
  • short-term loan for students
  • SMS loan for students
  • and more

While these quick loans for students, SMS loans and other types of micro-loans are accompanied by appealing slogans, some caution should be exercised before negotiating them. In most cases, very high penalties are charged for late payment, APRs reach extreme values ​​and the contract includes an arbitration clause.

If it is a mere short – term loan for students and is sure that the loan repays without any problems in time, micro-loans can be the solution. Otherwise, it is much more sensible to apply for a bank loan or ask your family or friends.

An alternative to the above-mentioned loans may be the so-called P2P loan from Best Bank, where the interest rate starts at 3.99% pa annually. Just submit an online inquiry and reach other users with your life story. With a little luck, the money can be earned within a few days.