What should you pay attention to when receiving a general purpose loan?

What should you pay attention to when receiving a general purpose loan?

Credit refers to the payment of a certain amount of purchase price to a natural or legal person for a period of time, for a price such as interest. So borrowed money or goods as the term has meaning. When banks give credit, they create different criteria; identify different areas of use of these loans and offer different loan opportunities. The general purpose loan is one of them.

Sub-types such as education loans and holiday loans are also among the types of loans covered by general-purpose loans. The rules regarding retail loans have been determined by the Banking Regulation and Supervision Agency and should be used within the framework of these rules. It is useful to know and understand these rules and to use them wisely while taking credit. Choosing the right type of consumer credit is one of the main issues that should be considered before attracting a general-purpose loan.

 

What is the benefit of determining the type of consumer loan you will receive?

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If you are thinking of making wedding loans, medical loans for medical expenses, non-credit good for your holiday vacation plans, you can benefit from the training withdrawals for education loans if necessary. Although it is not mandatory to determine the type of credit, you can follow the banks’ low-interest special campaigns and find a plan that suits your needs with lower interest rates.

 

Remember to take into account the interest rates when choosing the Loan Term!

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Since the number of maturity of the loan taken will directly affect the interest rate to be paid back, it is always useful to make detailed calculations when determining the maturity period. This means that when you pay the personal loan in 12 months, a lower-priced interest rate is applied then you have to pay in 24 months. Therefore, using your short-term credit is more profitable if you are hit by the total money account if your financial power allows.

 

Visit different banks and compare credits.

Visit different banks and compare credits.

Although each bank is perceived as lending at the same interest rate, each bank will have period credit campaigns and apply certain cuts in interest rates for competition. In order to take advantage of the interest rate reduction opportunities of the banks , it is often possible to check the websites of the banks and spend some time with an account.

 

Take into account the file charges for credit transactions.

Take into account the file charges for credit transactions.

If you have chosen the options that are appropriate for you after comparing loan interest rates, you should also consider the credit allocation fees that will directly affect the total money out of your pocket. Since banks will usually reflect file costs and credit-related insurance to your payment plan with the credit you have drawn, do not forget to see the total cost to you in all aspects.

Can I determine who will inherit my money?

Can I determine who will inherit my money?

Can I identify a person who, after my death, inherits my investment?

Can I tell what part of the property falls to the wife and to the children?

Here’s how to share your family’s security

money

Unfortunately, we do not live in an ideal world and family relationships can be very complicated. Many marriages end in divorce and many partners are not even taken. There is also a large LGBT group in Slovakia, which would also like to deal with the disposal of their property after death.

Many of our clients dispute children and want to be sure that if they die, the saved property will remain children. So what are your options? What can you do to be more confident about how to deal with your property after your death?

Basic information on inheritance proceedings and the right of disposal was dealt with in the first part of the legal advice series on investments.

Determine the heir of the investment by wills

Determine the heir of the investment by wills

Many clients would like to determine who and how much they inherit from their property. The Civil Code stipulates in §476 to §480 the possibility of succession. Inheritance from “wills” even takes precedence over so-called. “Legal” inheritance.

However, this form of division of estate also has its rules, which must be followed and you cannot exclude some persons from the succession. Such persons are so-called. “Infallible heirs” our children (direct descendants). An unquestionable heir has a “protected” inheritance right by law, which we cannot completely exclude even in the legacy of succession.

You can also write wills without the participation of a notary or. lawyers, most likely wills are written by the canon with their own hand. However, we do not recommend this option to you because of the strict formal nature of such a document as determined by our law. In the event that a will does not contain all the formal conditions laid down by law, such an act would not be taken into account in the context of the succession.

Therefore, it is best to reach out to those who are familiar with the issue, notaries or lawyers. George Smiley recommends writing a will by notarial deed at your chosen notarial office to avoid any complications in the inheritance proceedings.

The notary will explain the matter to you, will make a will and register it in the so-called. The Central Register of Wills, which leads the Notarial Chamber for the purposes of inheritance. It should also be borne in mind that partners have to write their wills separately because our legal order does not recognize the will of several people together.

By will, you can rely on someone your entire property, or just part of it, while the rest will be subject to legal inheritance.

If you have an investment in George Smiley, you can only make a legatee to this part of your property, respectively. you can also identify more persons who would inherit such property. For example, clients who have multiple accounts can refer each account to another person.

Example: Petra has four accounts in George Smiley. In one account, he saves on retirement, saves each of his two children separately and has one account as a financial reserve. In a will, he may determine that a pension savings account refers to a partner, the child accounts for each of their children, and the financial reserve will be subject to inheritance.

Can I take my children out?

Can I take my children out?

The Civil Code in 469a allows your descendants to inherit, but only if one of the following four conditions is met:

  1. contrary to good manners did not provide the warden with necessary assistance in illness, old age or other serious cases
  2. the persecutor does not permanently show a genuine interest as a descendant,
  3. has been sentenced to an intentional crime for a term of imprisonment of at least one year,
  4. it permanently leads a disorderly life.

However, you need to write a deed of such a step. For a formal deed of deduction, the same applies to a will. Unlike the will, however, you must also state the reasons for the exile in the deed. You can also indicate in the charter whether the offspring applies only to your offspring or to his children and their other descendants.

Finally, good news. For several years, there has been talking of extensive recodification of the Civil Code. Such a recast should reintroduce old-new institutes in the framework of inheritance, such as the “Donation for death” or “inheritance agreement for life”. It is precisely these new inheritance institutes that would make it easier for many people to find their inheritance for the benefit of selected heirs.

10 Home Loan Tips

10 Home Loan Tips

Obtaining loans for housing is a difficult and complicated process. When it comes to banks, many concepts are difficult to understand. These concepts are an important part of your loan repayment plan. However, remember that there are some questions you should ask yourself, not just the banks, when looking for housing loans.

If you are looking for housing loan advice, by reading this article you will have designed everything you need to ask yourself and your bank.

Calculate Approximate Credits

Calculate Approximate Credits

If you call home without performing a budget analysis, then you may be disappointed. You can calculate how much credit you can get from the bank by considering the salary you have earned. The maximum amount of credit that the bank will give you may occur with monthly payments equal to half of your salary. You can calculate the total credit amount based on your preferred refund period. For example, if your income is 5000TL per month, the maximum monthly payment of the loan will be around 2500TL.

Evaluate the Budget you can allocate to Credit and Prepare Payment Plan

Payment Plan

Remember that when you make loan payments, there will be household expenses and other daily expenses. Connecting a significant portion of your income to a credit installment may have undesirable consequences in the long run. When determining the amount of credit you will receive, take into consideration all your expenses and determine the appropriate amount for your long-term repayments.

 

Learn Your Credit Rating

Credit Rating

It is a good idea to learn your credit rating before applying for a housing loan. Banks with low credit ratings are less likely to issue loans. Therefore, if you are considering obtaining a housing loan, you can try to increase your credit rating for 6 months or 1 year. This will increase the likelihood of a positive outcome of your application.

 

Evaluate the Number of People Working at Home

The number of people working at home will determine your repayment of the housing loan. If two or more salaries are entered into the house, you will be more likely to get out of the loan and make repayments easier.

 

Consider Monthly Savings in Credit Period

Consider Monthly Savings in Credit Period

When planning your budget, remember to save a certain portion of your salary for savings. For your urgent and unexpected needs, this kind of accumulation will be your lifeline. You may also need to allocate some money for healthcare expenses.

 

Evaluate Different Banks for Home Loan

Evaluate Different Banks for Home Loan

Take your time and take advantage of the options of all banks. You can choose your bank by considering conditions such as interest rate, expense package, and then ease of payment. Generally, applying for a loan from the bank from which you receive your salary can help you to benefit from discounts or campaigns.

 

See Loan Term Options

See Loan Term Options

The maturity options offered by banks can be confusing. The longer the term, the higher the amount you will pay back. So if you get a 10-year repayment mortgage, you pay more to the bank than a 5-year repayment mortgage. Therefore, very long terms may not be advantageous in terms of the amount paid back. Consider this when you plan.

 

Price Survey in Credit Life Insurance

Price Survey in Credit Life Insurance

Make sure you get the best price on the credit life insurance included in the expense package that banks offer. Since you do not have to take out credit life insurance from the bank, you can reduce your expenses with a different life insurance offer, especially in housing loans.  

Review Reconfiguration Options

Some banks offer restructuring options for housing loans. This option is used if there is an unwanted unemployment situation and credit payments fail. If you wish to apply for a loan with any adverse circumstances in mind, consider banks that have the option of restructuring. With the restructuring, you can create a new payment plan for the amount remaining until the debt you have already paid without any loss.

Plan B

You should always make a Plan B when you receive a mortgage. In case of illness or short unemployment, you should not interrupt your payments. It is therefore important that you develop an alternative payment plan for yourself.