Monthly Archive: November 2019

Mortgage Schedule – What Amount to Pay and When?

The mortgage schedule usually takes the form of a table with information on the distribution of the repayment of the liability, including the exact amount of installments and deadlines. Installments can be equal, balloon or decreasing.

Thanks to this schedule, it is much easier to plan your borrower’s budget and avoid any problems with timely repayment.

When does the borrower receive the repayment schedule?


You can check your mortgage schedule before you take out a loan. This detailed plan is calculated on the banking institution’s website, thanks to the mortgage calculator. The borrower gets it from the bank only after signing the loan agreement. The schedule may be in electronic or paper form.

On its basis, you can check whether we are paying the right amount of the installment on time. In addition, the borrower’s plan will tell you the remaining portion of the amount to be repaid. This is a great help in the case of decreasing installments, when the installment amount changes each month.

Can the mortgage schedule be modified?


It is worth knowing that the received loan repayment schedule may be changed. Modifications can be made at the request of the borrower, but not only. The need to make changes to the schedule may result from the grace period in repayment of the loan.

Another reason is the change in loan interest rate. If we want to change equal installments to decreasing installments, we also need to modify the repayment schedule. However, before you decide to change your loan installment, check what to choose which loan installments to choose.

Overpayment of the loan


The same applies to a change in the repayment period due to overpayment of the loan or earlier repayment of the liability. The flammable changes occur as a result of credit holidays, i.e. temporary suspension of installment repayments. It is worth taking advantage of credit holidays if you have a problem paying off your loan. Check what else you can do in this situation.

It should be borne in mind that issuing a new loan repayment schedule will not always be free. The regulations of the signed loan agreement should include information on whether additional costs will have to be raised in this respect.

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


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


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.”