When you borrow independently, you, therefore, take out a loan in order to realize a deferred payment for yourself. The advantage of this is that you can select the lender you lend to yourself and that you can often circumvent an obstructive credit check. The bad credit loans that enable you to borrow a small amount quickly can often be found on the internet- see this.
Becky Victoria, finance expert and author of the best seller Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence (Nine stages to transform your relationship with money and achieve financial independence ), a title that has been relaunched more than three times for its resounding success, proposes […]
First of all, you have to keep in mind that the maximum age limits refer to the age you will have when you get the expiration date of your contract. Age is one of the very important aspects for analyzing your profile and calculating risk. Usually, for traditional financial institutions, advanced age means a high […]
If a current loan with fixed interest rate fixation, for example a mortgage lending loan, is to be repaid prematurely, then this is usually only possible against payment of a so-called “prepayment penalty”. But what is meant by the term “prepayment penalty”? How are the compensation payments to the bank calculated and in which situations do they arise? The following article deals with the topic “Prepayment Compensation for Early Loan Repayment” and contains not only general information but also numerous tips and tricks for borrowers.
The term “prepayment penalty” is understood in the banking jargon a kind of “compensation payment”, which is always incurred when a borrower wants to repay a loan with a fixed maturity or borrowing rate prematurely. The background to the prepayment penalty payment is the fact that the Bank has taken into account certain interest income as part of the lending process and may have priced it into the interest rate. If there is a premature and at least from the bank’s perspective unplanned repayment, so part of the planned interest income accounts.