Car loan or leasing: what to choose for your new vehicle?

The delivery of passenger cars in 2016 reached just over 2 million units in France, according to the committee of French automakers. This record is largely due to the boom in long-term rentals.

Formerly reserved mainly for companies and a few rare individuals, the share of car leasing is increasing considerably in France, reaching a market share of 36% today. It is available in two options: rental with option to purchase (LOA) or long-term rental (LLD).

It is therefore to fit into this movement and retain their traditional clientele that all manufacturers now offer their cars for long-term rental, whether or not including maintenance costs.

 

What attitude to adopt in this environment?

car loans

If, like a very large majority of French people (86%), you still want to own your own vehicle and not rent it for each use, you will now have to choose between the acquisition (via credit or not) or the LOA ( Rental with Purchase Option) by obviously asking you which is the best financial choice. LLD (Long Term Rental) can also be considered, but this option is generally only relevant for professional use.

To help you make the best choice, you should first remember what LOA is.

 

What is LOA?

car loan

The LOA or Rental with Purchase Option corresponds to the rental of a vehicle over a period of two to seven years, with the possibility of purchasing the vehicle at a price agreed in advance at the end of the contract.

To start this rental, a security deposit is generally requested, sometimes replaced or supplemented by a first increased rent. This allows the lessor to benefit from a personal contribution (a bit like a loan).

At the end of the lease, the security deposit is returned or can serve as a guarantee for the rental of another vehicle.

 

What are the advantages of LOA?

car loans

The advantage of this system is that you always have a recent car (unless you acquire it in the long term) and you do not have to use your savings to buy your car. The expense is thus smoothed and you know the fixed amount that will be deducted every month. Your budget is under control.

At the end of the rental, you have three options:

  • You pay the purchase option and keep the vehicle
  • You find a buyer and, in case of capital gain, you can use it for a future contribution
  • You return your car and leave on a new LOA, if you wish

If you choose the latter option, you will need to be very careful. The contract requires the return of the vehicle in a perfect state of conservation and the car must be returned in accordance with very strict wear standards (number and length of scratches on the body and rims, tasks in the passenger compartment, etc.). If you do not do the repairs yourself, you will be billed for them. These vehicle repair costs can prove to be very high and take away a good part of your deposit.

 

What are the disadvantages of LOA?

car loans

Generally expensive insurance

Car insurance is generally not included in the monthly payment. You will have to insure yourself, and the rental company will strongly encourage you to choose an all-risk contract, including a guarantee against theft or fire with reimbursement as new. Which is one of the most expensive insurances.

Problematic theft or destruction

In the event of theft or destruction of the vehicle, you must continue to pay your monthly payments until maturity and must also pay the amount of the purchase option at maturity.

Insurance compensation will obviously be deducted from all these amounts, but may not cover everything and cover, for example, only the value of the call option.

A maximum annual mileage defined in advance

When signing an LOA contract, you must define the maximum mileage per year that you will achieve according to your needs. This maximum annual mileage generally varies between 12,000 and 15,000 kilometers for a petrol car, and between 20,000 and 25,000 for a diesel car. If you exceed this mileage, you will have to pay a supplement of around 5 to 10 euro cents per kilometer.

An imposed maintenance contract

The vehicle maintenance contract may or may not be included in the maintenance contract, but in almost all cases, it will be necessary to use the find network. If the dealer is far from home, or if his appointment book prevents him from intervening quickly on the vehicle, this can be an inconvenience. In addition, you will not be able to take advantage of the prices charged by independent repairers, or even by specialists in rapid repair in terms of maintenance.

 

Should we therefore favor car credit?

car credit?

Now that you know all the specifics of LOA, you understand that the stake is not only financial, but that it is also a choice of use and renewal of your car.

Our advice is therefore simply, first, to choose a vehicle (make and model). Once you have validated your choice and know the amount of the acquisition, make a purchase simulation on credit via our auto finance simulator FinanzTip. You will therefore know the rent and the cost of the credit according to the duration.

Categories: Title Loans

Credit Card Debit Card Which Better?

Most money transactions are done electronically,

Most money transactions are done electronically,

People are offered to do all these transactions with credit or debit cards. However, the majority of the public is still not fully aware of the difference between these two payment cards and what opportunities each of them offers. An explanation over at http://snowdin.com

It may seem that there is no big difference between a credit card and a debit card, but in reality there is a very significant difference between the two. A debit card is a payment card that can be used to pay for purchases in stores, for example, to pay for bills on the Internet. A debit card can perform the same basic functions as a credit card – cashless payments in shops, on the internet, as well as cash withdrawals and cash deposits at ATMs. However, the main feature of this payment card is that a person can only pay with the amount of money in the bank account linked to the debit card. Once all the money in this checking account has been spent, it is no longer possible to buy anything with the debit card. In other words, a person can only spend money in the bank account he / she owns.

Conversely, a credit card can be used even if the money on the person’s account is fully spent – the balance of the account is 0. When concluding a credit card agreement, a person agrees with the bank that a credit limit is also set for this payment card. It works just like a cash loan – in a situation where one’s own money is spent, one can continue shopping, but that money will already be a credit that the credit card holder borrows from the bank. Of course, the loan amount must then also be repaid. Similarly, the loan is subject to interest, which is payable on the principal of the additional loan. However, most banks offer the option to repay the loan within 30 days, but do not charge interest on it. If the money is not fully refunded within one month, the bank will also calculate the amount of interest due.

Other advantages to a credit card,

Other advantages to a credit card,

for example, it can also be used when the card itself is not with you. A person can name the card number and the relevant details for billing purposes. Credit card allows you to book hotels, airline tickets. A credit card is a more reliable form of payment abroad – often a debit card is not enough to make a variety of payments or reservations abroad. However, over time, debit cards are modeled internationally so that they can be used in a similar way to credit cards. There are various discount programs available on both debit and credit cards – you can buy cheaper concert or theater tickets.

It is impossible to say that a credit card is better than a debit card because each person uses their payment card for different purposes. Those people who frequently travel abroad or just travel a lot should definitely buy a credit card that can help them settle abroad. As a result, special business credit cards are offered to various companies to give them privileges on such business trips. However, if a person wants to buy a credit card, it should be borne in mind that they also have to make annual payments. The more prestigious and better your credit card, the more expensive you have to pay each year. As a result, those people who only need a payment card to shop at a store, make bill payments, or make purchases over the Internet do not necessarily need a credit card. These features are also offered by a debit card, which is relatively cheaper than a credit card.

When choosing between a credit card and a debit card, everyone should understand what the card will do – if you need to go abroad on a regular basis, it is better to buy a credit card. If you just need to withdraw money from your account – then a debit card is enough. In addition, if a person has a credit card, they may inadvertently overdraw their funds. Because there is a credit limit on the credit card, it is easier for a person to spend money. However, if you use a debit card, you can never be overpaid.

When choosing between the two cards, you need to find out what benefits each one can bring. Each bank also has several types of payment cards, which definitely need to be compared and researched which one is most appropriate and beneficial for people. There are also different levels of credit cards that provide different privileges. Of course, this also changes the cost of using your credit card.

Categories: Investment

Reasons for having a bad credit history

Therefore, we prepared a list of the most frequently reported reasons, which influenced our credit history and influenced its negative assessment.

No timely payment

No timely payment

The main reason why our credit history is getting a negative rating is any delay in paying off your liabilities. There is nothing worse for our creditworthiness than late payment of loans and other financial products . 

BIK himself confirmed the information that it is the emergence of arrears and delays in repayment of all financial liabilities that is the factor that most strongly affects our credit history. 

The timeliness of repayment of liabilities is the most important parameter for calculating banking scoring , through the prism of which all analysts consider loan applications. So if we receive a negative credit decision, there is a good chance that the reason for this was the old delays in repayment.

Difficult contact with the Consumer

Difficult contact with the Consumer

Even the most responsible clients of banks sometimes have problems with timely repayment of debt. So if we find ourselves in a difficult financial situation, the first thing we should do is contact the bank immediately . 

To avoid serious consequences of our delay in repayment, in most cases you only need to call your lender, explain the situation to him and, if necessary, document the reasons for it – for example, terminate dismissal or send confirmation of expensive treatment. 

When showing the initiative, we will certainly be able to negotiate a favorable agreement with the bank (eg holiday suspension of installments). However, if we do not only contact the lender, but also sell his calls or letters, we will quickly earn a negative consumer opinion .

Exceeding credit limits

Exceeding credit limits

Our credit history is also affected by the fact that we have exceeded the credit lines granted to us by banks (debits on the savings and settlement account or credit cards).

That is why, if we decide to open a debit or make a credit card, we should use these products in a wise and thoughtful way . 

It is not true that if we have a debit granted, we can use it at will without consequences. The degree of utilization of the available limits affects our banking scoring . There is no problem if we use the available limit once every few months, but if the situation is repeated constantly, the bank will decide that we can not deal with finances and give us a bad opinion .

Falling into the spiral of debt

Falling into the spiral of debt

The negative assessment of our creditworthiness is significant, if not primarily influenced by the loss of control over our finances and multi-level indebtedness resulting in numerous delays in repayment . 

People who fall into a spiral of debt usually decide to take out new loans, not coping with the repayment of their original obligations. Secondly, borrowed money is trying to regulate current fees, but the trail after all the loans taken is left to BIK. 

As a result of multi-stage borrowing of cash, Consumer debt is not only diminishing, but also growing. Subsequent loans generate further, even higher interest rates, and even if we manage to get out of this spiral of debt, the banks will know that once we have lost our sense and control over the money, it can happen again . Hence the negative assessment of our credit history.

Anonymity

credit problem

The last point, which – although many seem to be unobvious – strongly affects the negative credit rating of our person, is the lack of any credit history. 

A zero credit history is a negative credit history . If you do not show information about your previous cooperation with the bank and the actions taken, and so generally speaking – the credit history, banks will not know what they can expect from you. 

Credit analysts debating the approval of your loan application will not have anything to resist in their analysis and will do the safest thing – they will give a negative credit decision. In order to count on a positive consideration of the application, you must be known at BIK and have liabilities settled or still paid .

Categories: Investment

Benefits Of Credit Cards.

Credit cards in Latvia are not as widespread as in other parts of the world,

Credit cards in Latvia are not as widespread as in other parts of the world,

Banks and private credit institutions are showing people that credit cards can be a very good financial tool in many different situations. And that’s why I’ll give you a few reasons why everyone should consider using a credit card today: More information at http://readdigest.com

Reasons why everyone using a credit card

Reasons why everyone using a credit card

  • Bonuses – One of the best conditions for credit cards is that when you buy these cards you can get many different bonuses that you will get for using the card. These bonuses take many forms ranging from percentage refunds to airport ticket discounts and other similar offers. But with these cards that offer these bonuses, be careful, as these cards usually have a much higher percentage of credit and can therefore quickly accumulate a large principal amount.
  • No Overdraft Interest – Borrowing money with a credit card, if it is repaid within the first 30 days, you will not have to pay interest on that loan. This means that a customer who has a credit card can get an interest-free loan every month, but you have to pay that money back within 30 days, otherwise your credit institution will start to charge interest on a monthly basis.
  • Security – If you have cash in your wallet but stolen it or you lose it, you will definitely not recover it, but if you have a credit card in your wallet, you can call the bank and claim it as soon as you know that your card has been stolen. Even when someone starts using your credit card, the bank usually has a limit of over 50 USD you will not lose anyway because the rest of the money is insured. And even if you have a debit card, the bank won’t protect you like you do when you have a credit card.
  • Online Shopping – Nowadays, most goods and services are available for purchase online and online orders require either a virtual bank account or a credit card that can be entered. Therefore, when shopping online, it is usually possible to pay with a credit card by entering its details and cardholder details.
  • Plasma – And the last advantage is that a credit card can do a lot of different things, from gluing films and slicing different products to opening doors and other interesting things. The plastic size of a credit card is already quite common, and all wallets are made for that size, and you can find many different applications for these cards by searching the Internet.

I hope you will now think and choose a credit card at least as a cushion and, if not a credit card, at least a debit card that is nowadays almost every citizen.

Categories: Investment

Free Fast Internet Credits

Fast internet loans free of charge

Fast internet loans free of charge 

Beneficial and useful if you need a cash loan of up to 200 lats and if you can return it to the lender within one calendar month to the last cent. Repay as much as you borrow – a phrase that describes the Internet or fast credit that new customers are eligible for – only when they first borrow.

How to get this loan – fast internet loan? From your home or any other location where you have internet access, choose one of these to meet leading lenders. Choose the credit company that suits your needs – register on the website and apply for the loan , specifying the amount and repayment period.

Compare the best instant loans here

Receiving Internet Credits:

1) Familiarize yourself with the offer and choose the one that suits you best;

2) Register on the company website – still required – from your bank account to transfer 1 santim to the lender;

3) Apply for a loan;

4) Get it in your bank account!

Fast credit is free for up to 30 days – you can pay it back in shorter time or later if you extend your credit early. The repayment term can only be extended for a fee – the amount of your loan payment will depend on the amount and number of days it will be needed.

Fast Internet Loans for Free – Insights into the Best Fast Loans – Choose yours!

Fast Internet Loans for Free - Insights into the Best Fast Loans - Choose yours!

OPEN CREDIT Instant Credit is issued daily from 9am to 6pm!

  • Quick loans – only for the first time free – up to 200 lats!
  • To borrow, you must be over 20 – borrow if you know you can repay the loan;
  • Apply in a convenient place and time, search the registration form on the website

JOKO CREDIT Instant Credit is available on the Internet from 8am to 8pm on weekdays, from 9am to 9pm on weekends!

  • Fast Internet Loans Free of charge – up to 150 lats for the first time!
  • Get a loan from JOKO Credit if you are over 20 – if you can “pay off” your debt;
  • Apply for the loan of the required amount of money easily and easily

VIA SMS Fast Internet Credit is issued on weekdays from 8:00 to 22:00, on weekends from 10:00 to 20:00!

  • Fast internet loans for free – only the first time you can borrow up to 150 lats!
  • To qualify for a cash loan, you must be over the age of 20 with appropriate repayment options;
  • Register and apply for instant credit from any location on our website

Merratu instant credit on the Internet is issued on weekdays from 8:00 to 22:00, on weekends from 9:00 to 18:00!

  • Quick cash loans for free – up to 100 lats for the first time!
  • Merratu will grant the loan if you are over 21 – if your repayment options are appropriate;
  • Get a good cash loan – only after successful registration on the website

Fast internet loans free of charge – the opportunity to borrow free of charge for any resident of Latvia who is not less than 20 and not more than 75 years of age . In any case, it should always be remembered that fast credit is only a short-term solution and should only be chosen if it is expected to be repaid within the next few days.

Need money? Do you know that in the near future your income will provide an opportunity to repay this loan? Borrow conveniently and simply – on the Internet, without even having to leave your computer. Before you opt for one of the quick loans – read the offer, find out what the requirements are for the particular lender and what the credit company offers.

Miska offers lenders licensed to provide credit services in one place, in a credit comparison chart. Check out what’s new in fast credit – check out the latest deals from top lenders. Borrow wisely – with responsibility!

Categories: Investment

Internet credit in simple way

Internet Credit – Fast Credit – This is a simple and quick way to get a cash loan. The money loan offered by dozens of companies over the Internet alone is short-term and relatively small when borrowing for the first time ( from a couple to USD 200 ).

Internet credit is also offered free of charge – it is given to new clients of lenders, and you can get it if you are – resident of Latvia between 20 and 75 years , if your repayment possibilities are suitable – you have regular income, good credit history. You still need your bank account, mobile phone and email address .

Internet Credit – Get a cash loan within 15 minutes without the need for a pledge, surety or other documents and time consuming formalities:

Internet Credit - Get a cash loan within 15 minutes without the need for a pledge, surety or other documents and time consuming formalities:

Boho Credit

  • Your chance to borrow without commission – up to 150 USD!
  • You have to schedule your loan repayment within 30 days – but in the event of any difficulties, the repayment term can be extended;
  • This loan is available to: – persons over 20 years of age, with regular, unpaid income;
  • If you meet the requirements, if you need free credit up to 150 USD, apply 

Zaloan

  • Internet credit free of charge – up to 100 USD!
  • The repayment period is up to 45 days and, at the latest, the repayment period for the first loan cannot be extended;
  • Credit available – for residents over 21;
  • If you know you can repay, apply for your first free credit now 

TalCredit

  • Fast credit without commission – up to 150 USD, if you borrow for the first time!
  • The repayment term can be up to 30 days and you can extend it;
  • TalCredit offers loans – for persons over 20 years, with regular income and if good credit history;
  • Apply for a loan that you can get at your disposal in just a few minutes 

MMS Credit

  • First commission – up to 200 USD!
  • Free loan repayment term – up to 30 days. But unless you need to, you can extend it until you have the money to repay;
  • MMS Credit at your disposal – if you are over 20;
  • Apply for the amount you need, get it any day, even on weekends and holidays

 Internet credit is a loan that can be obtained on weekdays 

 Internet credit is a loan that can be obtained on weekdays 

Internet credit is a loan that can be obtained on weekdays as well as on weekends, as non-bank lenders work every day – all year round. You can apply for the loan you need at any time – simply and easily by registering on one of the lenders’ websites.

When choosing a lender, consider both your needs and what you can “afford”. Remember that borrowing on the internet is also possible for free, and then the amount of the loan repayable is exactly the same as when borrowing – it does not increase by a penny! 

Categories: Investment

Internet jobless loans.

Loans on the internet without a job

Loans on the internet without a job

Are no rarity, just like the people who need them. When it comes to credit, it is important to find the “right” lender. You should choose a credit company that offers you the money you need on the most favorable terms, even if you are without a formal job or if your credit history is damaged.

People who are unemployed opt for a quick credit for a number of reasons – firstly, they do not need a workplace certificate to obtain them. Other reasons to opt for fast loans – they take less than 20 minutes to complete and, just online, you can borrow from home!

Jobless Internet Loans

Jobless Internet Loans 

Fast Credit Expert recommends credit companies that provide workplace loans if their repayment options are realistic:

Merratu – From 21 years:

  • Loans on the Internet without a job and for free – for the first time, from 10 to 100 lats!
  • Get a loan for 1 to 30 days;
  • Make a timely loan repayment, do not breach your contractual obligations, and if you need a cash loan, you can borrow up to 400 lats at Merratu;
  • Loans are issued daily – fast money transfers throughout the year! Apply here.

Centiloan – From the age of 20:

  • Fast loans without a job, but with sufficient income or adequate repayment possibilities – from 50 to 1000 lats – these are not free loans!
  • Get a loan with a repayment term of 1 to 24 months;
  • Choose the loan you need and match with Centiloan – apply for it anytime, on the website

SMSLOAN – over 20:

  • Loans on the Internet without a job, for free – the first time you can borrow from 5 to 200 lats!
  • Get fast credit for 1 to 30 days;
  • You can get the amount of money you want to borrow in your bank account by applying on the website

Compare the best instant loans here

The credit companies listed above will also grant a loan even if you have not entered into a formal employment relationship at the time the loan is needed. But the lender will definitely be interested in your financial capabilities – whether you can repay the loan, and how your previous credit experience is. Importantly, if your credit history is not in perfect condition, it is damaged, only a rare lender can help.

A bank account and a mobile phone number are a must for anyone who needs a cash loan and who chooses to get one from one of the fast credit companies – all that can be done without extra formalities! No pledge, no certificate, no guarantee required!

Loans on the Internet without a job, get one if you know you can meet your credit obligations. Borrow in the short term or in the longer term to repay your loan by choosing the amount of money that is right for you! Look at the Loan Comparison Chart – Choose and Borrow Wisely!

Categories: Investment

How to accelerate your fast loans even more?

Fast online loans and credits represent the most urgent form of financing. They are managed in a very short time, since both the application and the analysis is done online, with hardly any paperwork and without useless delays. The answer is usually almost immediate and the money goes into your account without waiting. However, there are several aspects that influence the speed of concession. What do you have to do, if you want to speed up the process and further speed up the process?

 

Look with which banks the lender operates

lender operates

Once your application is approved, the lender sends the money granted without any delay. A transaction between accounts of the same bank is almost immediate, however, between different entities it can take up to 24/48 hours. Depending on the banks, transfers of loans and quick loans take more or less.

If you want to dispose of your money without any delay, before requesting a loan you should check where the chosen entity has accounts. To get the money instantly, it is better to turn to those companies that have an account in the same bank as you.

 

Have the documentation ready

loan documentation

In general, the requirements and the necessary documentation to request the mini loans and fast microcredits are usually very few. However, you must provide minimal documentation to the lender with which you could verify and evaluate your profile. Depending on each lender and the particular situation, different documents may be required, but in common you will need:

 

Identification document

Prepare a copy of a valid identity document (DNI, NIE, passport) in color and on both sides. Both to verify your age and other personal data, and to certify your residence in Spain.

 

Bank statement

This document serves both to prove that you are the owner of a bank account in which the lender could enter the money, as well as to check your situation and financial history.

 

Proof of income

To justify some regular income with which you can face the repayment of the loan granted. It can be both a payroll and any other type of periodic, sufficient and demonstrable income – be it the pension, unemployment benefit, VAT returns, etc.

Having the documents prepared in advance is advisable both to avoid complications, and to speed up the approval process. If you are missing a document or you do not have everything in order, the approval of your application is delayed, since correcting the failures will waste time.

 

Request within business hours

Request within business hours

Urgent loan and credit entities operate completely online and their service is usually available 24/7. You can send your request from any place at any time. But if you need the loan as soon as possible, it is advisable to consult the customer service hours and send your request within this business hours. So that your case can be evaluated at the moment, without waiting for the staff to be working.

One of the main advantages of fast loans and credits online is speed. To enjoy instant financing, you should always take into account aspects that may take as long as it can speed up the process of granting your quick loans.

Categories: Investment

Car loans and FAQs

Here we look at common questions and answers related to car loans. granlogiacostarica.org for an assessment

“What is a car loan?”
Car loans are a personal loan with a single purpose, namely to finance car purchases. Although private leasing has become significantly more popular in recent years, car loans are still the preferred method of car finance. Car loans can be taken either in a bank, on the internet or in a car shop.

What should you choose when taking out a car loan?

What should you choose when taking out a <a href=car loan?” />

Car loans usually have a maximum maturity of around 10 years, depending on the age of the vehicle and the borrower’s finances.

Therefore, you often have to answer some questions when you want to register a car loan, and this can be scary for some. It also means that such loans are more difficult to obtain, such as consumer loans, but it is far easier than mortgages.

To create a car loan at a retailer or bank / loan institution online?

To create a <a href=car loan at a retailer or bank / loan institution online?” />

One should be aware that it can often be very expensive to take out a car loan from the car dealer. That alone is the reason why there is much to save from using the ordinary bank. Many car customers have not researched prices in advance so they often end up with a car loan from the dealer anyway.

Although the bank calls it car loan does not necessarily mean that it is the best or cheapest loan to finance a car purchase with. Of course, it depends on the loan size as the loan option that pays best. However, car loans are usually cheaper because you make the car as collateral.

How can you get an overview of which loans are the cheapest?

How can you get an overview of which loans are the cheapest?

To compare different loans, it is best to examine the loan’s annual percentage rate. All car loans should be made aware of their interest rates, as this indicates a% figure for how much you must repay. Also get an overview of the loan’s interest rates and all other costs.

The lowest interest rate will indicate whether you are getting the cheapest offer. It is easy to check the credit market for bill-only loans online before going to the car dealer. Then you have a feeling that the dealer’s loan offer is expensive or cheap. One thing you should be aware of is that the interest portion of the loan is deductible, so reduce your costs if you deduct the tax return for them.

Categories: Investment

Instant online payday loans -Be sure to Request an instant payday loan online now

The reason why you have to choose Eugene over others is that they are particularly recognized for having one of the country’s most manageable credit products. With their credit, you are guaranteed fixed prices and a fixed installment, which is not something that you find among all credit solutions.

Be sure to Request an instant payday loan online now

By choosing an instant payday loan online from us, you only pay what you withdraw from your credit. You can sign up for a free trial.

With us, you can apply for instant payday loans online which are super fast loans. Eugene works slightly differently than with a regular loan. For a regular loan, you usually get the money paid out in one go, after which you have to pay a monthly benefit and an interest every month. At Eugene, you only pay installments on the part you use. If there is money that you do not end up using anyway, you do not have to pay off these. This means that if you receive a credit of DKK 15,000 and choose to withdraw or DKK 3,000, it is only the DKK 3,000 that you pay installments and interest on.

The special thing about Eugene is that you first get the full amount of credit available when you have paid your fourth installment. This means that you can only get DKK 5,000 from your credit, even if you have borrowed DKK 15,000 the day you receive the loan. In order to get more money available, you must pay your second installment and so on until you have paid your fourth installment. So it ends up going four months before you get access to your full credit and can withdraw it.

The benefits of Eugene

There are several different benefits to Eugene, but one of the big ones is that you do not have to fill in a long application form or go through a slow application process. Eugene is just proud of their short application process and quick payment. With them, you can already have the money on your account the same day you apply.

Another advantage is that it is easy for you to manage the money when you choose to borrow from Eugene. You only need to raise the actual amount that you need, and if you end up not having to spend the last DKK 5,000 or the like, you will not have to pay interest and repayments on this.

As a third advantage, you have 14 days of the right of withdrawal. That is, you can withdraw the loan within 14 days after the credit agreement is concluded. This is a great advantage if you unexpectedly come to money and therefore do not need the loan anyway.

Requirements are made for you as a borrower

Eugene makes some demands on you as a potential borrower. This means that you cannot borrow money from them unless you meet the following requirements:

You must be at least 21 years old
You must have NemID
You must live in Denmark
You must have a Danish telephone number
You must have an account in a Danish bank
You must be able to document a healthy economy
You must not be registered in the RKI or debtor register.

How to borrow

When you apply for a loan with Eugene, you must create your profile. It takes no more than a few minutes to create this. After you have done this and selected the amount that you want to borrow, just sign your application with your NemID. You create a profile so you can borrow and access your credit. It all, therefore, takes place on their website, and you can, therefore, raise your credit from your computer as well as from your mobile or tablet.

Payback over 12 months

When you choose to borrow from Eugene, this is a fixed repayment period of 12 months. Therefore, you cannot decide for yourself how long a term you have. On the other hand, you decide when you choose to redeem the full credit during these 12 months. The faster you choose to redeem your credit, the less you have to pay in total credit costs. It can, therefore, be a great advantage to redeem the credit as quickly as possible.

As long as you can pay back within the 12 months, you can spend the money just as you like. No one is watching what the money is spent on, and therefore you do not have cold sweat running down your back every time you use the borrowed money.

Categories: Money