How to get a loan? Alternative ways to get one gbu financial

How to get a loan? Alternative ways to get one gbu financial

January 10, 2021 Off By Montero Theo

The personal loan, in general, allows you to credit a sum of money to your current account. However, there are also other opportunities to obtain a loan.

 

In its traditional form, the personal loan is seen as a disbursement of a form of money, to be repaid in pre-established installments.

 

The typical way of obtaining a loan is to go to a bank or a financial institution, in order to guarantee yourself a sum of money credited directly to your current account. Unlike a mortgage, there is almost never a physical guarantee to protect the loan: the bank provides the loan if the customer provides tangible evidence of being able to honor the installments in the future.

 

However, it is possible that obtaining a loan is difficult due to insufficient economic guarantees. In this case it is possible to turn to other forms of financing which, albeit not in the classic form, in fact are in any case loans.

Usury rate thresholds from January to March 2013 gbu financial

Usury thresholds updated, valid for the first quarter of 2013. Decreasing thresholds for all types of financing

Usual update of the anti-usury rate thresholds, valid for the period 1 January 2013 – 31 March 2013.

The rate threshold, beyond which we speak of usury, is calculated on the basis of the average global effective interest rates on the market. The average rates for this period are recorded and reported by the Ministry of Economy and Finance.

Under the law, rates on a loan that exceed the usurer rate are considered to be inapplicable.

The usury rates of all types of financing have been communicated: of these we report in particular the most commonly used ones.

Wear rates – Period 01/01/13 – 31/03/13

CategoryWear thresholdAverage rates
Fixed rate mortgages10,7875 %5,43 %
Variable rate mortgages9,0750 %4,06 %
Loans (up to € 5,000)19,3750 %12,30 %
Loans (over 5,000 euros)17,0125 %10,41 %

Compared to the previous period, there were slight increases in usury rates.

 

The usury threshold for the fixed-rate mortgage rises from 10.68% to 10.78%, while for the variable-rate mortgage it ranges from 8.90% to 9.07%.

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The wear rate is calculated as follows (D.L. 70/2011).

Wear Rate = 4% + (Average Rate x 1.25)

In any case, the usury rate may no longer be greater than the average rate by more than 8%.

Which mortgage with my salary? February 2013 gbu financial

 

Starting from the monthly salary and the amount of the desired loan, it is possible to calculate the duration of the loan to choose.

 

One of the fundamental parameters for granting the loan is that the monthly installment / monthly income ratio is reasonable (see article). A ratio considered optimal by banks is 30-35% (even less for variable rate mortgages). In other words, those who earn 1000 euros a month are bound to pay a maximum mortgage payment of 300-350 euros.

 

Let’s do some calculations, starting from real rates, granted on the market in February 2013 (for a comparison on the best rates, see this article).

 

For the Fixed Rate Mortgage we carried out a simulation with the following rates:

• 10-year mortgage: 4.72%

• 15-year mortgage: 5%

• 20-year mortgage: 5.25%

• 25-year mortgage: 5.25%

• 30-year mortgage: 5.32%

Community funding: Call Proposal gbu financial

 

To obtain European Funding it is necessary to submit your projects to the calls for proposals, the call proposals

 

The call for proposals, call proposals, is the main mode of implementation of the European Community programs. Regardless of the internal differences, due to the particular type of program, the call always contains:

• the description of the program

• financial endowment, ie in funds made available

• procedure and deadlines for submitting proposals

• Community financial contribution

• basic requirements that allow you to compete

• selection criteria

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• addresses for obtaining: guide for the proposer, the work program, the forms for the submission of proposals and other information

 

The proposal must be submitted through the standard forms, in order to allow the examiners a homogeneous evaluation of the proposals.

Where the calls for European funding are published gbu financial

 

The notices are published in the OJEU, the Official Journal of the European Union, which is the source of official EU documentation and is published in the four languages ​​of the first member countries: French, Italian, Dutch, German.

 

The Official Journal of the European Union is divided into three series: C series for communication and information, L series for legislation and S series for supplements. You can consult it at the following address: http://eur-lex.europa.eu/it/index.htm

 

The calls for proposals are contained in the C series, but it may be interesting to consult the annual program to identify in time the thematic area that best suits your skills and start preparing a preliminary project without waiting for the publication of the call.

 

How do I prepare the project?

• carefully research the opportunities that fall within their competences and that cover the related financial needs

• verify that you are in possession of the required requisites

• organize a working group

• if required by the call, set up a European network

• select the most appropriate loan from those available

What mortgage can I afford? Update February 2013 gbu financial

 

What mortgage can I afford, if I can pay a maximum of one defined installment?

 

The fundamental constraint that is taken into consideration when taking out a mortgage is the installment that you will have to pay. With the same mortgage, the installment may decrease if the duration is extended.

 

Let’s do some calculations, starting from real rates, granted on the market in February 2013 (for a comparison on the best rates, see this article).

 

For the Fixed Rate Mortgage we carried out a simulation with the following rates:

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• 10-year mortgage: 4.72%

• 15-year mortgage: 5%

• 20-year mortgage: 5.25%

• 25-year mortgage: 5.25%

• 30-year mortgage: 5.32%

For the Floating Rate Mortgage we used the following rates:

• 10-year mortgage: 2.87%

• 15-year mortgage: 2.87%

• 20-year mortgage: 2.92%

• 25-year mortgage: 3.08%

• 30-year mortgage: 3.08%

The rates offered for the variable mortgage have registered a slight jolt, due to the slight increase in Euribor. If it weren’t for spreads, the rate would be very attractive. On the fixed-rate mortgage front, offers for long durations should be evaluated.

 

Below are the results of the simulation: the first column indicates the installment that has been decided to be able to support without problems. In the other columns, based on the duration, the loan corresponding to this installment, given the rates indicated above. For ease of reading, the value of the loan is rounded up to multiples of 500 euros.

 
 

FIXED LOAN – Mortgage Obtainable starting from a desired installment

 
Installment10 years
(4.72%)
15 years
(5%)
20 years
(5.25%)
25 years
(5.25%)
30 years
(5.32%)
30029.00038.00045.00050.50054.000
40038.50051.00059.50067.00072.000
50048.00063.50074.50083.50090.000
60057.50076.00089.500100.500108.000
70067.00089.000104.000117.000126.000
80076.500101.500119.000134.000144.000
90086.000114.000134.000150.500162.000
100096.000126.500148.500167.000180.000
1200115.000152.000178.500200.500216.000
1500143.500190.000223.000250.500270.000

VARIABLE LOAN – Mortgage Obtainable starting from a desired installment

 
Installment10 years
(2.87%)
15 years
(2.87%)
20 years
(2.92%)
25 years
(3.08%)
30 years
(3.08%)
30031.50044.00054.50063.00070.500
40042.00058.50073.00084.00094.000
50052.50073.50091.000105.000117.500
60063.00088.000109.000125.500141.000
70073.000102.500127.500146.500164.500
80083.500117.000145.500167.500188.000
90094.000132.000163.500188.500211.500
1000104.500146.500182.000209.500235.000
1200125.500175.500218.000251.000282.000
1500156.500219.500272.500314.000352.500
 

How do you read the tables?

Let’s take an example: if I can pay a maximum of 700 euros in installments for 20 years, then I will be able to obtain (with the rates in the example) a loan of 104,000 euros if I choose a fixed one, or 127,500 euros if I choose a variable.

 

Another example: I can pay about 500 euros in installments and I need about 90,000 euros in mortgage. In this case, with a fixed one I will have to make a 30-year mortgage, if instead I choose the variable the duration can be up to 20 years.

 

We always remember that the rate of the variable is not constant. The simulation of the installment takes into account the current rates (February 2013).