Loan to families in difficulty

There can be many roads that lead to economic difficulties. We often imagine this condition as something far away, an aspect capable of touching especially people with extravagant habits and behaviors.

It is not so. You founded your family in a period of economic serenity, when everything went right, but you know that job security no longer exists today. You have to make yourself special, you need to protect your workplace , but sometimes it’s not enough.

It is not enough because the balances can change at any moment and not only at work. Medical expenses can arrive suddenly, or you have to support a lawyer to resolve a delicate situation.

Vices and investments can wait. When you are in charge of a family you have to face the expenses safeguarding the economic security.

For this you need a safe and reliable loan

For this you need a safe and reliable loan

Defined by clear rules and divided into easy-to-repay installments: a very demanding loan is not safe for a family in difficulty.

You have to follow common sense when managing the economic balances of your loved ones, for this you have to rely only on institutions and banks that provide loans following defined rules. But which loans are suitable for a family with some budget problems?

The solution is personal loans of small amounts that do not need to be certified by the institution that provides the credit. The small INPS loan is perfect, but if you do not qualify you can opt for another loan that covers the sale of the fifth . This solution takes its name from the procedure necessary to return the sum: the salary, in fact, will be reduced by 20% (⅕) until the debt is repaid.

The assignment of the fifth is an easy loan to obtain

Coins money

We must not justify why we ask (it can be to make a gift or to face an unexpected expense) and it can also be asked by protested people . This simplicity of delivery is linked to the availability of a fixed salary.

The loan is granted to state , para-state and private employees after having certified the presence of a work contract, and therefore of a stable income . The pay slip will be reduced by 20% before it is even collected, so the cases of insolvency are extremely reduced. Obviously, in order to get a loan with the fifth assignment you must have a permanent contract for at least three months.

In some cases it can also be paid to employees with fixed- term contracts, provided that the restitution takes place within the time limits of the contract.

Mortgage annuity loan: what to know

Do you need to get new liquidity? With the lifetime mortgage loan your home becomes an ATM. What I mean? Simple, your home is your parachute. In other words, it guarantees the bank the return of the loan. Accessing this financial instrument is now easier. The law 44/2015 of May 6 has made it clearer about its operation.

The most important news concerns property owners: access to credit is allowed from 60 years of age . A net change compared to the past. Already, before the minimum age required to obtain this loan was 65 years.

Like the sale of the fifth , you will have realized that the mortgage loan for life represents a resource especially for the elderly . Men and women who are old and need money but do not have any other good outside their home.

Let’s go to the point, here’s what to know about the mortgage loan.

How the Mortgage Loan Works

How the Mortgage Loan Works

the mortgage life loan – as I told you before – is aimed at over 60s and allows you to transform part of the property value into cash . This way you can get liquidity without having to sell the property. In other words, it is an overturned mortgage . Turn on the loan in favor of the bank in exchange for the mortgage on your home.

But how much money can you get from financing? Well, I tell you right away that the cash you can get varies based on the market value of the home. The sum issued is also influenced by the applicant ‘s age and life expectancy. In general, the higher the age of the contractor, the greater the amount granted by the bank or financial intermediary.

Reimbursement

Before talking about reimbursement, I will immediately clarify the interest issue. The mortgage life loan behaves like other mortgages. In practice, the interest rate applied to the amount disbursed can be fixed or variable and will be established by the credit market.

As for the repayment of the loan, this can be done gradually. You can agree on times and ways with the credit institution and you no longer have to worry about the annual capitalization of the interests. Pay attention, the delayed payment of the installments (between 30 and 180 days), occurring at least seven times even if not consecutive, gives the bank the right to request the termination of the contract.

In the event that the bank does not find an agreement with the contractor for a gradual repayment, the law provides for three cases of full repayment in a single payment :

  1. Death of the person who requested and obtained the loan
  2. Property sale
  3. The bank must have a full repayment of the loan even if acts occur that reduce the value of the property , for example a new mortgage.

And what happens if the reimbursement does not take place even though at least one of these three cases has occurred? The legislation speaks clearly: “If the loan is not fully repaid within twelve months of the occurrence of events, the lender sells the property at a value equal to the market value”. I tell you more: the bank reduces the value of the house by 15% every twelve months until the time of sale. Subsequently the bank uses the sums obtained to extinguish the credit.

Is it ultimately a cheap loan?

Is it ultimately a cheap loan?

The answer is yes. The mortgage life loan only pledges a portion of the property that can be repurchased by family members. In this way the silent is extinguished and the immovable returns in the hands of the legitimate owners.

 

Observe credit as a positive alternative for your business

 

 

There is a myth that hiring credit is bad for businesses. We think so because it may seem like a lack of financial organization, no profit or even an action contrary to that of an investing company.

The great truth is that most entrepreneurs compare corporate credit with individual credit, but these are two very different subjects.

Personal credit usually anticipates a need or covers an emergency expense, that is, the payment comes from income from the person’s earnings and will not bring about an immediate growth of that gain.

When we talk about loans for corporations, we can classify them as credit healthy and unhealthy credit

Business Loan Application

Unhealthy credit is related to the search for resources to cover “holes” that are constantly growing, fixed costs that are not reduced, that is, a credit that will not bring a positive return to the company.

In Brazil, the situation is a bit more complicated, since most of the credit options offered in the market by large financial institutions do not contribute to the company’s sustainable growth. On the contrary, by the high rate of interest, they end up putting the company in an even worse situation. A classic example is the use of the “Overdraft”, which although useful in an emergency, can present high rates and end up increasing even more the company’s debt.

Already healthy credit is one that brings growth to the business

Business Loan

It is self-sustaining from the operational point of view, that is, if one pays with the very growth of the operation. It works very well between paying suppliers and receiving customers, for example. The lack of own resources can slow the pace and even stop the operation for lack of cash and recurring receipts. This is a problem? Not! It is something that can happen, because there is merchandise already sold / billed and for giving a deadline to the customer, there has not yet been receipt. Picking up a credit (tailored for that moment) can keep the operation at the current level and leverage the growth of your business.

Companies that have an innovative or scarce service to the market, industry or region often need to protect themselves from emerging competitors, growing at extremely high and sustainable levels. In addition to using some marketing strategies and yielding deadlines for its customers, this company must “mark its territory” and increase its stocks or its productivity, buy new machines and more raw materials or even increase its staff in its services. This is another good reason to get a loan, because it will help your working capital and expand the entire operation, opening up possibilities to finance growth in a sustainable way.

At other times, companies already use third-party working capital, have expansion financing, and look at their finances and realize that their costs are steady and their operating expenses are controlled, but their payment for banking services is at an all-time high. expensive lines and all your payment is in the short term. We have one more reason to take credit: to change the debt to more economical lines or change this profile from short to long term (depending on the case it may be the two).

In general, these are the most common reasons, and there are others. But what the entrepreneur needs to keep in mind is that credit will never be bad if within your planning he can get paid through the investment made. This is what a healthy credit differs from another type of credit: the end result is good financial health to foster the growth of the entire company.

Nowadays there are several options on the market, but be careful! Hiring without planning and with high interest rates can be a maze with no way out. Many micro and small businesses have sought a solution in digital credit fintechs, since the main advantage of these online platforms is that they are less bureaucratic, transparent and release credit faster than banks and financial institutions.

This is the case of NEXOOS, a platform that allows companies to set up their own credit structure with the best fit in their cash flow, through collaborative loans : a financing modality that democratizes this process, thanks to the absence of an intermediary (such as the bank) between the parties and results in the lowest interest rates on the market.