Monthly Archives: January 2019

Examples of interest rate of loans

Requirements to apply for your personal loan

Offers you a number of requirements which is very attractive and easy to get a loan, making it very easy to use. The requirements that are asked in are:

  1. Be between 21 and 65 years old
  2. Have legal residence in Spain (DNI or NIE)
  3. Have a bank account in your name
  4. Not be in unemployment situation
  5. Not be included in delinquency files

As you can see the requirements that are asked are only essential to get a loan, these being obviously so that has the assurance that you can commit to cover the fee of your loan and you will not get into trouble. But only these essential requirements, nothing more and nothing less.

In addition you will be asked for some documents such as:

  • A proof of bank income for the last two months
  • The last two payrolls
  • If you scan your DNI / NIE with Netverify , you can verify your identity more quickly and safely. If you can not use Netverify you can upload a file with all your documentation during the application process

After completing all the requirements in 15 minutes you can have the money in your account. That’s how fast, that simple.

Interest rates on products

Interest rates on products

If what worries you most is the money you need to pay after receiving your loan, after all when you ask for any loan the interest rate is something you can not avoid, since the cost you must pay for the time in which You were given the loan.

This is a very good thing, since you will not have to pay too much for a very minimal loan that could be your request.

We will then use the simulator with some different examples of loans , so that you can get an idea of ​​how it works and the different interest rates that are handled.

  • Example No.1: Credit of 1000 euros

Term: 6 months

Monthly payment: 239 euros

Interest: 397.53 euros

Nominal interest: 125.89%

Equivalent Annual Rate (APR): 231.1%

Total, to be returned: 1397.53 euros

  • Example No.2: € 500 credit

Term: 3 months

Monthly payment: € 211

Interest: € 118.61

Nominal interest: 137.37%

Annual Equivalent Rate (APR): 267.3%

Total, to be returned: € 618.61

  • Example No.3: Credit of € 2,500

Term: 12 months

Monthly payment: € 320

Interest: € 1250.8

Nominal interest: 82.43%

Annual Equivalent Rate (APR): 122.1%

Total, to be returned: € 3750.8

  • Example No.4: Credit of € 2000

Term: 6 months

Monthly payment: € 480

Interest: € 747.89

Nominal interest: 118.9%

Annual Equivalent Rate (APR): 210.7%

Total, to be returned: € 2747.89

  • Example No.5: Credit of 3000 €

Term: 12 months

Monthly payment: € 373

Interest: € 1439.93

Nominal interest: 79.38%

Equivalent Annual Rate (APR): 115.7%

Total, to be returned: € 4439.93

  • Example No.6: Credit of € 3000

Term: 6 months

Monthly payment: € 733

Interest: € 1044.01

Nominal interest: 111.15%

Annual Equivalent Rate (APR): 189.5%

Total, to be returned: € 4044.01

As you can see, the interests are usually not too high , and these vary greatly depending on the loan terms and amount . Interest increases the longer the term to pay, it makes sense that the amount of interest depends on the time it takes to fully repay the loan. So you have a wide variety of options and ways to customize your loan depending on your needs and in what way you want to pay the monthly installments. The interests will be different in each case to generate a better customer experience, in which you will not be charged more, nor less for the service.



Free Consolidation Whenever Possible

The different options under consideration and the proposals aimed at making the consolidation of the graduation years free for pension purposes.

Consolidation undergraduate degree: Pros and Cons

January 21, 2019 The current measure of contributory peace comes after years of debate on the possibility of allowing university students, workers and professionals to redeem their study years for free .

The consolidation of the years spent to obtain the degree (those in progress) allows these periods to be used for pension purposes. Today, however, the option has a cost , often very expensive, provided by Legislative Decree No. 184 of 1997 (only in some cases it is possible to proceed with the consolidation of subsidized degree ), and even the subsidized forms provide for an outlay (about 5 thousand euro to annuities).

Free consolidation of the degree

Free consolidation of the degree

The original idea was instead to give a kind of contributory value to the years of study (those used for the purpose of obtaining the title) but without payments , provided that they fall within specific requirements . The popular initiative stems from the awareness that the world of work has changed and, in addition to being characterized by an extreme discontinuity of professional careers , often puts in difficulty even those who have studied for years to acquire a university degree and professionalism. A world of work over which the specter of precariousness and unemployment looms and in which retirement is increasingly seen by young people as a mirage .

Free consolidation for the deserving ones

Degree consolidation: INPS alarm

February 13, 2019 One of the hypotheses that have been advanced is that instead aimed at guaranteeing the free consolidation of the degree to the deserving , (thus facilitating access to the pension based on merit ), reserving it to those born between 1980 and 2000 that complete the path of studies within the expected duration. A rule that, however, would be discriminatory for those born before 1980, as well as not economically sustainable . To overcome both problems, one could think of restricting the audience of those interested in new registered students.

Free consolidation or discount on years

Free consolidation or discount on years

The State , according to Bocola, should bear the burden of paying the consolidation of the degree, since during these years the students have already paid out sums of money to pay the university fees. If this is not possible, Bocola proposes to include in the calculation of the remaining years for the achievement of the retirement age the years of the consolidation of the free degree.

Summarizing the proposal, which specifically regards the school sector , provides two paths:

  • consolidation of the free degree to be included in the calculation of contributions for pension purposes;
  • 4-year rebate for the purposes of reaching the contribution years for access to retirement benefits.

Discounted degree consolidation

Discounted degree consolidation

Last summer, a bill was presented in the Labor Commission in the Chamber whose first signer is Honorable Salvatore Deidda (FdI), which would provide three different facilitated measures for the consolidation of the degree:

  • born after 1980 with an annual taxable amount lower than 15,000 euros: free consolidation of the first year of the study course, consolidation of the following years with a contribution equal to that expected for the unemployed;
  • born before 1980 : contribution equal to that foreseen for the unemployed or calculated on the basis of current income;
  • new matriculation : annual payment, together with university fees, of an advance payment of 50% of the contribution established for the unemployed.

Contributionary peace and pension consolidation

11 January 2019 In the Budget Law 2019 a rule has been inserted that follows this line of thought – contained in the Pension Reform Decree – according to which it is possible to redeem the degree by paying a discounted amount (but the redeemed periods do not contribute to the calculation of the allowance ).

The option is reserved for those who have a maximum of 45 years and provides for the possibility of carrying out the operation with the same rules as those who are still unoccupied. In practice, the social security rate pertaining to the minimum taxable amount provided for by INPS management craftsmen and traders, which is equal to € 15,710 in 2018, is compared to the remuneration of the last 12 months (as for the normal graduation consolidation transaction).

In practice, you pay a ransom charge of around 5,241 euros for each year of degree. To be specified then that, since you can not be more than 45 years old, the consolidation of the subsidized degree can not be used for the quota 100 (which requires at least 62 years of age). In addition, it is only possible to redeem periods after 31 December 1995 (to which the contributory calculation applies). For the rest, the same rules as in the law on graduation consolidation apply (184/1997, article 2), for which you can not, for example, redeem periods during which other social security contributions have been paid (the periods to be redeemed do not have to coincide.)