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Personal loans growing in 2017: Italian families are in crisis.

The results of the first half of 2017 compared to the personal loans requested (and disbursed) from households are continuously increasing. Increase not only in the number of requests, but also in the average amount. Specifically, there was a + 1.5% compared to the corresponding period of 2016, while the average amount increased by + 6.5%.

Based on the data collected by EURISC, the CRIF Credit Information System, confirming the figures of the first part of 2017, there is the performance of June, characterized by a further increase in requests for financing, equal to +2, 4% compared to 2016 and the confirmation of the growth of the average amounts, which are around $ 9,234, or + 7.8%.

Personal Loans to families in continuous growth: + 6.2% in the first months of 2017

Personal Loans to families in continuous growth: + 6.2% in the first months of 2017

 

During the first half of 2017, the personal loans sector above all recorded a significant increase, in fact it rose by + 4.0%. On the contrary, there was a slight decrease (-0.6%) in loans aimed at the purchase of goods and services. On the other hand, in June 2017, requests for personal loans grew by + 6.2% while those for finalized loans decreased by -0.8%.

The average amount of personal loans growing: + 7.8% in 2017

The average amount of personal loans growing: + 7.8% in 2017

 

In the first six months of 2017, the average amount requested also increased, reaching $ 9178, + 6.5% compared to 2016. In June alone it recorded a + 7.8%.

Furthermore, as regards the amount bracket, in the first half of the year, the Crif report records the following division:

  • 45.5% of the personal loans requested are less than $ 5,000;
  • 20.2% is in the range between 5,000 and 10,000 USD;
  • 22.8% in the class between 10,000 and 20,000 USD.

Over 5 years: the average duration of personal loans

Over 5 years: the average duration of personal loans

 

In the first half, the highest number of requests was over 5 years, with a share equal to 25.1% of the total, with + 1.8% compared to the same period of 2016. Instead, a shorter duration emerges, less to 12 months.

Also for finalized loans, there is an extension of the maturities since they are increasingly directed in the duration of more than 5 years (44.0% of the total).

Personal Loans: the average age of the applicants

As for the distribution of applications with respect to the age of the applicant, the latest update of the Crif Barometer highlights how in the first half of 2017 the band between 45 and 54 years is the prevailing one (25.6%), followed by that between 35 and 44 years old, with 23.7%.

However, a growth of + 0.7% compared to 2016 emerges from requests by classes over 55 years of age.

As regards the finalized loans, requested above all for the purchase of cars, motorcycles or consumer electronics, a growth of 1% emerges from the segment of consumers with more than 55 years.

 

 

Employee Benefits Loan: 5 tips and tricks

 

Discover 5 tips and tricks to obtain a loan advantageous works when one is civil servant, a credit as much dedicated to the renovation as to the decoration.

1 – Choose the type of loan works

1 - Choose the type of loan works

There are two types of work loans, one is associated with the home loan and is for work of more than 75,000 euros. The other is associated with consumer loans and is aimed at works worth less than 75000 euros. With a home loan, the rate will be more advantageous but the financing will require a guarantee. With the loan for consumption, it is possible to assign the work or not to financing, that is to say that an assigned loan is released only if the work is done while a personal loan allows to obtain the sums freely.

2 – Benefit from aid to civil servants

2 - Benefit from aid to civil servants

Many financial assistance is offered to public service workers to enable them to carry out work in their personal housing, it can be loans favored as those offered by mutuals , by credit unions. retreats or the housing improvement loan. These aids can provide advantageous conditions, often with more attractive rates.

3 – Use your CEL to get a better rate

3 - Use your CEL to get a better rate

The home savings account is a savings product intended for the realization of works, it makes it possible to place each month of the money aside to be able then to request a loan work and to use the amount in order to inflate the amount of work or reduce the amount of the loan. The interest is that it allows to benefit from more interesting rates than for conventional work loan, it is an interesting solution when a home savings account has been opened in the past of course.

4 – Take advantage of tax credits

4 - Take advantage of tax credits

If borrowing is necessary to do some work, some home improvements allow to take advantage of a tax credit, the CITE (tax credit and energy transition), it allows to recover after the fact a portion of the sums invested and reduce the amount of its tax charges. There are, however, conditions that must be met in order to take advantage of this tax reduction, particularly as regards the nature of the work to be done, the latter must be related to energy savings, a detailed list is available on the government website. .

5 – Simulate and compare work loans on the internet

5 - Simulate and compare work loans on the internet

Being an official (territorial, contract, trainee, incumbent …) is a real advantage with banks and credit organizations, so it is advisable to apply for a loan comparator works to both get several offers at the same time but also choose the better financing. The conditions are often advantageous for public borrowers, especially when the credit organizations are specialized in the financing of works for civil servants. The service offered by the comparator is free and without commitment.

Foreign currency loans – Good Finance supports re – assistance to creditors

Good Finance will not let foreign currency creditors go after three years, so whatever decision is made to help them at the cabinet meeting will be supported by the government, Gabriella Selmeczi said at a press conference in Budapest on Wednesday.

The government’s meeting is also taking place at these moments

The government

A Good Finance spokesman recalled that the government’s meeting is also taking place at these moments, where they will discuss how to further assist foreign currency debtors.

Tibor Navracsics, Deputy Prime Minister and Minister of Public Administration and Justice, spoke last Tuesday about the government’s search for a way to amend foreign currency loan agreements by law.

It is not yet known which variation the government will choose

bank

But whichever one it chooses, it will take into account social and economic considerations, including the load capacity of banks, and will be supported by Good Finance because it will not release foreign currency borrowers, ”said Gabriella Selmeczi, mentioning early repayment, exchange rate hurdles and asset management as part of the Cabinet’s actions to date.

The spokesman described the issue of foreign currency borrowers as one of the most serious legacies of the Gyurcsany-Bajnai governments, adding that “the failed left” is now trying to shift its responsibility to the current cabinet, while “the population’s dramatic “With which he” put these families on a ticking bomb, with zero help. ”
Gabriella Selmeczi also added that there is no word on foreign currency borrowers in the current “leftist agreement”. He thinks this may be because they are not interested or do not want to disclose their ideas.

A Good Finance spokesman was also asked

banak

That the Hungarian Nation wrote on Wednesday that the Békés County Prosecutor’s Office had been prosecuted for extremely damaging fraud and private document forgery in the days before, who in 2005 set up broadband internet networks without paying or overcharging. In MSZP-SZDSZ-controlled settlements, in a micro-region. In her response, Gabriella Selmeczi said: “It looks like the mafia side’s affairs are coming from week to week.”

Modernization Loan 2019 ┬╗Home Loan or Installment Loan Test!

 

The toilet smells a bit, the wallpaper is stained and the carpet full of house mites: Time for a modernization. An obligation is a new facility when mold threatens the health or residents are allergic to house dust or built-in materials. Fortunately, several banks offer a low-interest modernization loan for homeowners.

Installment loan or another offer from the comparison calculator. 

Installment loan or another offer from the comparison calculator. 

For modernization, many banks but make a special offer. In the test, we compared Camibanks residential credit with its preferential credit. The result: the modernization loan is almost half a percentage point cheaper.

However, the credit is also linked to two conditions:

  1. It has to be used for modernization.
  2. It is only given to homeowners, not to tenants.

Registered a mortgage.

Registered a mortgage.

This initially saves fees, but the interest rates are higher. The Metabank offers their housing loan therefore only for amounts up to 50,000, – $, at the same time this is the minimum amount for a real estate loan. If you need less than $ 50,000, you will be directed to the modernization loan, with higher mortgage loans.

For other banks, the limit may be different, but also here is usually that the housing loan is cheaper if the need for money in the below five-digit range or lower, because the higher interest then cost less than the entry of a mortgage. 

Mortgage rates are historically low, but the cost of a land registry may be higher than interest savings. Especially since modernization loans are currently cheap. 

The fact that the property is not burdened with a mortgage does not mean, however, that it could not be forcibly auctioned in the event of insolvency. This is one of the reasons for the interest rebate on residential loans, another is the fact that homeowners do not have to raise money for the rent.

Anyone entering in the installment credit calculator for the purpose of “modernization / renovation” automatically receives special housing loans as well.

Net loan amount 5.000,00 $ to 100.000,00 $, annual interest: 2.42% to 8.56% (as of October 2015).

A special feature is the solar credit of KEA Bank. Although this is also the modernization of the house, but is not considered a residential loan, as it is tailored specifically to the purchase and installation of a solar system, a new coat of paint can not be financed.

That’s why he does not appear in comparison. If you want to use the modernization loan specifically for a solar system, you should compare the conditions of KEA Bank with the results from the loan calculator.

Cash credit for trainees

Occasionally, the definition of a cash loan is that it is paid out in cash to the borrower and not transferred to its current account as usual. However, the cash payment of loans is unusual today and occurs only in exceptional cases at the express request of the credit customer and for small loan amounts.

In most cases, the term cash advance only means that the borrower receives the requested loan at his own discretion and not for a specific purpose. In this context, the discretionary credit as well as a provision framework to the cash loans. Apprentices can apply for loans in principle, but the requirement is the age of majority, since the lending to minors is excluded by law.

Can apprentices receive a cash advance?

Can apprentices receive a cash advance?

Almost all banks grant a cash advance for trainees in the form of a disposition credit in the checking account, while the granting of larger loans is reserved due to the low training remuneration. An exception is low credit sums and long loan terms, since repayment in this case is possible despite the low income. In addition, trainees often continue to live with their parents and only have to hand over part of their income, and in some cases they are also allowed to keep it entirely.

If trainees can prove to the bank that they do not have to use their training allowance for their normal livelihood, they will get the credit they want more. However, many online banks do not undertake costly individual case examinations, so that a cash advance for trainees is most likely to be applied for at a branch bank. If the required loan amount exceeds the maximum offered by the bank, apprentices receive the desired loan when they place a guarantor.

Parents or grandparents are suitable for this if they have sufficient income or assets. Another way to get a cash loan for trainees is to provide lending without salary allowances. However, intentionally erroneous information in the credit order can lead both to a termination without notice and to criminal proceedings, so that this way should not be used.

Borrowing via websites for private lending

Borrowing via websites for private lending

Websites for arranging loans between individuals are suitable for both small and larger amounts of credit. The relevant sites are managed by licensed financial institutions under law, while actual lending is provided by individuals.

A cash advance for trainees can be obtained via the relevant pages if the description of the purpose motivates lenders to award a loan.

A cash advance for trainees can be obtained via the relevant pages if the description of the purpose motivates lenders to award a loan.

The need to indicate the reason for the credit differs from the usual procedure for cash advances, but most platforms use this term. This is justified because the actual use of the loan for the stated purpose is not checked.