otur.info http://otur.info Just another WordPress site Mon, 24 Jun 2019 14:20:04 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 Weekend Loan } Quick Loans http://otur.info/weekend-loan-quick-loans/ http://otur.info/weekend-loan-quick-loans/#respond Mon, 24 Jun 2019 14:20:04 +0000 http://otur.info/weekend-loan-quick-loans/ Continue reading "Weekend Loan } Quick Loans"

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Can I get my loan paid out over the weekend?

Yes definitely! Depending on who you are borrowing from here on the site, you will be paid money between 1 and 3 hours – also on weekends and holidays.

 

What quick loans are available on weekends?

All the quick loans and overdrafts here on loan money can now be searched, granted and paid on weekends, holidays and at night. And it does not cost extra!

 

Payment of loans at the weekendLoan payout weekend makes it all a bit more fun! There is not much fun standing without money at the weekend, when it is where you really need them. Fun and exciting things usually cost money, and fortunately you can get them paid out right away if you lack them.

 

SMS loan payout immediately also on weekends

 

Paying out loans over the weekend has become a reality and it is just as easy and quick to get the money paid out on weekends as it is in everyday life.

 

How to borrow money at the weekend

The procedure is extremely simple, and it takes place as follows, whether you want to borrow on a weekday or on Saturday or on Sunday:

 

Enter the desired loan amount from DKK 500 – 400,000.

Enter the desired maturity from 30 days – 96 months

Enter the name, address and phone number

Sign with your NemID

Wait 30 – 60 seconds

Within less than a minute, the response to your loan application will appear on the screen and if you are approved for the loan, you just have to wait another 1-30 minutes before the money is in your account. If you want a loan payout right away, then quick pay is the only solution for you. Money outside the bank is your way to paying out loans on weekends and generally 24 hours a day, year round!

 

Payment of loans Saturday

Payment of loans Saturday

Many Danes are very grateful that it is now possible to pay out loans on Saturday and Sunday, and generally that they can borrow money around the clock. After a hard week of work, especially Saturday is one of the days that we all look forward to enjoying. There are many ways to enjoy your Saturday, but whatever you choose to do, it will almost always be costly.

 

Borrow money on Saturday and get a payout immediately, so you can go with friends at the cafe, pub or in the cinema. The worst thing is when your friends leave and you have to stay home because you have no money. The Saturday will then go from being super fun to super boring. But you no longer have to worry about it now that you can get a loan on Saturday.

 

Also payout of quick loans on Sunday

Also payout of quick loans on Sunday

When it comes to paying out quick loans on Sunday, we look at exactly the same simple and lightning fast loan process. So the same quick loan process as if you wanted to borrow money on a Saturday, everyday or even a public holiday; there is no difference! It is no fun missing money on a Saturday, but it is certainly not fun to stand on a Sunday morning, knowing that you can do nothing that costs money.

 

 

Also get a loan payment on all holidays!

 

 

However, forget about the lack of money on a Sunday, because now you can also borrow money on a Sunday and get quick payout immediately! If your friends want you to eat brunch or past the masseur, apply for a quick payout on Sundays. After you apply for the quick loan, you can go for a bath and after the bath the money is in your account, which you can spend on just what you want.

 

NOTE: Paying out loans on all holidays all year round include: Easter, Christmas, New Year, Pentecost, Great Day of Work and the Ascension Day.

 

Borrow money at night

Borrow money at night

It makes no difference at all whether you want to borrow money during the day or borrow money at night, or whether you want to borrow money on Saturday, Sunday or Christmas Eve! You can borrow money around the clock, also on weekends and also at. 2 or at. 4 at night – it makes no difference.

 

Loans 24/7 365 days a year is probably the best way to formulate it. Being able to borrow 24 hours a day gives you, as borrowers, a large number of options that you did not have before. Maybe you are sitting late and falling over a cancellation trip that you know will be sold out for a short time, what do you do? You just take out a loan at night and get a payout immediately, and then you buy a ticket or two!

 

providers

There are several who offer loan disbursement at the weekend, but there are three lenders in particular that stand out from the crowd:

 

Simbo.dk: Payout of 30 minutes round the clock

Lendon.dk: Payout in minutes 24/7, all year round

VIVUS.dk: Payout of 1 minute round the clock

Ferratum.dk: Payout of 45 minutes around the clock

The above three providers are for the same reason super popular on the Danish market. But they are not only popular because of their loan disbursement 24 hours a day, but equally because they offer free and interest-free loans for 30 days. All new customers at Simbo.dk, VIVUS.dk and Ferratum.dk can borrow money free of charge and free of interest .

 

Loans without collateral and credit rating

As mentioned earlier, the loan process is exactly the same, no matter when the day you want to borrow money. The requirements are also exactly the same, and therefore you can get loans without security and credit rating, which is a huge advantage for you.

 

Loans without collateral simply mean that the lender does not require a mortgage on your property, car or boat. So you record the loan without having any kind of security for it. The same applies if you can borrow money without credit rating and documentation.

 

You do not have to present either a pay slip or a budget that the banks normally use for credit rating. In other words, you get rid of all the hassle when you choose to take out a quick loan 

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How to Pay less Taxes in A Legal Way: Here Are Our Recommendations http://otur.info/how-to-pay-less-taxes-in-a-legal-way-here-are-our-recommendations/ http://otur.info/how-to-pay-less-taxes-in-a-legal-way-here-are-our-recommendations/#respond Mon, 17 Jun 2019 09:02:44 +0000 http://otur.info/how-to-pay-less-taxes-in-a-legal-way-here-are-our-recommendations/ Continue reading "How to Pay less Taxes in A Legal Way: Here Are Our Recommendations"

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Until November, in fact, micro and small businesses have to deal not only with their accountant, but also with the amount of amounts to be paid to the state.

The incessant rhythms of their work and the punctuality of the tax authorities contribute to the concerns of small entrepreneurs, who, in order to avoid tax assessments, find themselves paying rather high sums without finding an actual profit in their coffers.

 

Pay less taxes

Pay less taxes

 

The request on how to pay less taxes in a legal way is not obvious, especially as regards the legal route, since the desire to reduce the tax base often translates into tax evasion. Not to mention the realities in which many of you are, at the head of a talented company that, however, fails to earn or always remains in debt!

What if we at Andrew & Sax Advisor told you that there is a legal and simpler way than you think to reduce your taxes? To intervene drastically by clearly cutting some items does not guarantee a saving on taxation, on the contrary, it deteriorates productivity. This leads to a worsening of the work and services of the company, making the costs more expensive in the future and the possibility of paying less taxes in a legal way .

The frustration you feel about having to pay almost all your income, if you don’t have money from your pocket because you don’t have a profit, the State or the banks should not make you feel alone. Almost all of your colleagues, who found an answer in management consulting for companies, had the same feeling as you.

Relying on Andrew & Sax Advisor can be one of the first winning choices you can make to pay less taxes in a legal way . If you’re wondering why, know that our management consultancy for companies boasts a team not only of expert consultants but of people who care about the company as much as the entrepreneur who is the boss.

The solution is not sought based on standard parameters used from time to time for all our customers, but is chosen specifically for you and with you.

If paying less taxes in a legal way is your current need Andrew & Sax Advisor can intervene with easy and concrete solutions, which you might not have thought of because you are too worried about excelling in production, an indispensable element today more than ever .

Not only small and medium-sized enterprises benefit from our management consultancy work, but also and above all those in charge.

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The Variable Rate Mortgage} Interest Rate and Loans http://otur.info/the-variable-rate-mortgage-interest-rate-and-loans/ http://otur.info/the-variable-rate-mortgage-interest-rate-and-loans/#respond Fri, 31 May 2019 08:44:34 +0000 http://otur.info/the-variable-rate-mortgage-interest-rate-and-loans/ Continue reading "The Variable Rate Mortgage} Interest Rate and Loans"

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The variable rate mortgage is, together with the fixed rate loan , the best known and applied solution in the panorama of banking institutions.

Its main characteristic is obviously that of having an interest, and therefore an installment, potentially variable for the entire duration of the loan.

But what are the advantages and risks associated with this solution? How does it work in detail? This is what we will try to explain, even using some practical examples

How the variable rate mortgage works

How the variable rate mortgage works

Like any type of mortgage, even the variable rate loan will have an installment to be paid periodically (generally every month) which will depend, in addition to the amount requested and the duration, on the interest rate. The latter, for variable-rate mortgages, is almost always given by the sum of two components:

– Euribor (or alternatively, as we shall see, the ECB rate ), which varies over time

– the spread applied by the bank, fixed and defined when the loan is subscribed.

The Euribor is an index defined as the average of the rates applied in exchanges between the main European banks. In practice it reflects the cost of money used by banks in exchanges between them. Its value can vary over time, and also have a negative sign. There are different types of Euribor based on duration, 1 month (Euribor 1m), 3 months ( Euribor 3m ), etc.

The spread instead is a fixed value that is a specific part of the bank’s offer. It often reflects the policy of that particular institution and the market situation: if in fact a bank wants to acquire many customers on mortgages it can decide to make very aggressive policies by reducing the spread, or vice versa raising it if it has no particular objectives in this regard.

Therefore the Euribor and the spread are the two components of the rate that will be applied, the first fixed and the other variable, which respectively reflect the trend of the cost of money and the strategies of the banks

Also read: Euribor forecasts

The variable rate: a practical example

The variable rate: a practical example

Suppose you want to open a mortgage so defined:

  • Amount: 100,000 euros
  • Duration: 20 years
  • Rate: variable

Let’s assume that the 3m Euribor has a value of 0.5% and that the spread applied by the bank is 1.0%.

The rate applied at the start will therefore be equal to:

  • Euribor 3m 0.5% + spread 1.0% = 1.5%.

The monthly starting rate will be around 480 euros : if the 3 Euribor remains constant over time, this would be the installment to be paid for the entire duration of the loan.

In reality, however, Euribor 3m could increase or decrease, or, over the years, do both in different periods: 20 years are not few.

Let us suppose, therefore, that after 5 years Euribor 3m has risen by one point, from 0.5% to 1.5%. The overall interest rate will have become:

  • Euribor 3m 1.5% + spread 1.0% = 2.5%

and, consequently, the installment will be increased, but by how much?

Let us say immediately that based on the formulas adopted by the banks there may be differences, the issue is very complex to be analyzed here. To get an idea under certain circumstances the installment could become around 520 euros , with an increase of 8%. But with other calculation criteria the amount could be higher, but then decrease thereafter.

From what has been said it is easy to understand how the functioning mechanism of a variable rate mortgage can be extremely complex if you look at the details, and having an idea of ​​how your own installment could evolve is very important for a correct evaluation of the risk.

Is the Euribor or the ECB rate better?

Is the Euribor or the ECB rate better?

Going a little further, in reality there are different indexing solutions for variable rate mortgages on the market.

First of all, as we have seen, there are different types of Euribor , at 1, 3, 6 and 12 months. In addition, some banking institutions also allow indexing at the ECB rate , or the official rate defined by the European Central Bank. But what are the main differences, and what should be chosen?

  • First of all it is worth pointing out that the choice of the type of Euribor (for example between 1 or 3 months) has nothing to do with the frequency of the repayment installment of our mortgage (in fact there are alternative forms of repayment to the monthly repayment, for example half-yearly or annual).
  • The ECB rate is generally more stable than the Euribor : the latter is recognized daily, while the ECB rate is changed at most a few times in a year based on the decisions of the European Central Bank.
  • Similarly, the Euribor 1m is subject to a greater fluctuation compared to Euribor 3m or to the “other Euribor”, and generally has lower values.

What you should choose is a topic that is often debated and it is probably not possible to give general rules. Also because the spread applied by the bank can also be significantly different, for example that applied in the event of indexing to the ECB rate is generally higher.

It is therefore advisable not to make a choice a priori on the type of indexing of the loan, but to evaluate the individual proposals of the banking institutions also considering the spread applied.

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Wear Victims and Stop Shield Banks Credit Loans: The Measures of the Law http://otur.info/wear-victims-and-stop-shield-banks-credit-loans-the-measures-of-the-law/ http://otur.info/wear-victims-and-stop-shield-banks-credit-loans-the-measures-of-the-law/#respond Fri, 12 Apr 2019 08:42:47 +0000 http://otur.info/wear-victims-and-stop-shield-banks-credit-loans-the-measures-of-the-law/ Continue reading "Wear Victims and Stop Shield Banks Credit Loans: The Measures of the Law"

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The victims of usury these days are overwhelmingly returning to the limelight of newspapers and newscasts, thanks to the budget law and the measures it contains. In fact, it seems that the law proposed by the cartel Movement 5 Stars – Lega also includes a special fund reserved for the victims of usury.

On the other hand, another novelty also seems to stand out among the other news we have already discussed, such as the flat tax and the tax wedge: we are talking about the stop shield of banks, which if it were really to go it would constitute a national measure people of sure impact, especially in light of recent events with Mps.

So, in this text that seems to really contain everything, the government has also found space to address the issue of banks, one of the thorniest of recent times. But what are the directives contained? What will actually change for banks and citizens?

Victims of usury and stop shield banks: the measures of the 2019 budget law on financial matters

Victims of usury and stop shield banks: the measures of the 2019 budget law on financial matters

That of supporting the banks was one of the struggles that both the M5S and the League pursued during their respective electoral campaigns, backed by great public support. Among so many scandals, that of the banks seems to be particularly felt, since it touches on a subject so dear, that of the savings that employees and entrepreneurs accumulate for a lifetime.

Certainly also the issue of victims of usury is just as serious, if not more so: in the world today, the prevailing purchase method has become that of financing. It then becomes very easy to become prey to inconceivable interest rates, a vicious circle that soon leads to bankruptcy. So let’s see immediately what measures the government has adopted to redress the situation.

Support for victims of usury

Support for victims of usury

 

With the budget law a series of supports have been introduced for the most disadvantaged or deserving categories. It starts with the excellence and youth bonus, which supports and encourages the employment of these categories, and it reaches families, with the bonus of the third child land and baby bonus.

This is mostly confirmation of measures already introduced in recent years: even that of supporting victims of usury is not really an absolute novelty.

As the Official Journal reminds us, the decree law of December 29, 2010 n.255 established the Revolving Fund for solidarity with the victims of mafia-type crimes, extortion claims, usury and violent intentional crimes as well as orphans for domestic crimes.

 

What the law requires

What the law requires

 

Today, however, the text of the 2019 budget law is clear: 30 million euros are on the way.

In particular:

  • 10 million for 2019
  • 10 million for 2020
  • Another 10 million at the end of the three-year period in 2021.

The fund is to be allocated to the aforementioned Solidarity Fund for victims of extortion claims and usury for compensation.

How to access it

 

The establishment of the Fund aims to make it easier for citizens to access support. The same Ministry has published an online handbook explaining how to access the fund. The moment you find yourself the victim of an extortion, the fund provides for the donation of a sum as a public contribution without the obligation of reimbursement. The measure is intended as a compensation for pecuniary damage suffered by victims of usury.

Furthermore, through the Fund it is possible for victims of wear and tear to access a 10-year loan to revive economic activity. Too often, in fact, the victims of usury are small business owners or artisans, who at a time of economic difficulty have turned to the wrong person to save their business.

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Mortgages: The Cap, Floor and Collar Clauses} Loans http://otur.info/mortgages-the-cap-floor-and-collar-clauses-loans/ http://otur.info/mortgages-the-cap-floor-and-collar-clauses-loans/#respond Wed, 10 Apr 2019 08:34:00 +0000 http://otur.info/mortgages-the-cap-floor-and-collar-clauses-loans/ Continue reading "Mortgages: The Cap, Floor and Collar Clauses} Loans"

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When signing a contract with the bank it is good practice to read and understand the meaning of all the clauses that can be found in the text to be signed. In particular, if we are signing a loan agreement, this arrangement should not be overlooked, even if, as we shall see, the legislation imposes a certain degree of transparency on certain clauses that may be pejorative for the consumer.

When we talk about variable or mixed rate mortgages we can come across some concepts that are good to have clear: let’s talk about the cap, floor and collar clauses

The cap, floor and collar clauses

 

The cap, floor and collar clauses

First of all, this type of clauses may be present in the event that the interest charged for our mortgage can change over time – we are therefore talking about variable or mixed rate mortgages.

If we take the simplest case, a variable rate mortgage, as we generally know we will have an interest given by the sum of two components: a variable (generally the reference index is the Euribor ) and a fixed one, the spread applied by the bank. The rate applied, and consequently the amount of the installment, may therefore vary over time.

  • the cap clause provides that the rate applied can never be higher than a predefined value, the threshold
  • the floor clause imposes a lower limit on the interest rate
  • when both thresholds are present, both as minimum and maximum value of the interest rate, we are faced with a collar clause

In the first instance, the conclusion could be simply that the cap clause is to the advantage of the consumer, the bank’s floor clause : an upper limit to the interest rate is in fact a caution for the customer that could limit the damage in the event of a significant increase in rates on the other hand, a lower limit does not allow the consumer to fully enjoy the advantages of a net decrease in the rates themselves.

But it is opportune to deepen the topic and also make other considerations

The cap clause – an advantage for the consumer?

 

As we said the ” cap ” is a clause that provides an upper limit to the value of the interest applied. Let’s assume we have a variable rate mortgage given by the sum of a 1% spread + 3 month Euribor and initially the value of the latter is 0.5%. We will then, at an early stage, an interest rate of:

 

We also assume that we have a clause that provides for a 3.0% cap: if the 3-month Euribor is increased, the interest applied by the bank will also increase, up to a value of 3% (corresponding to a 3-month Euribor value) of 2.0%). If the 3-month Euribor continues to rise, the rate applied by the bank would in any case remain anchored to the threshold value of 3%.

However, this mechanism is generally paid. In fact, the “variable with cap ” has become over time a type of mortgage sold by banks as a solution for those who want to combine the advantages of a variable rate mortgage with the security of the “cap”. But beware: generally the spread applied by the bank is higher than that of a variable rate mortgage without cap: security has a cost….

Also read: Variable rate mortgages with cap

The floor clause

The floor clause

 

If the cap is “flaunted” by the bank, which, as we have seen, wants to offer a particular type of loan to its customers in general against a higher spread, the floor clause could instead be less evident and therefore undervalued by the consumer.

Moreover, the more cautious are concerned about having solutions in the event of an increase in rates, but sometimes they forget that the advantage of a variable rate mortgage is also that of being able to enjoy eventual reductions in interest rates (and Euribor in particular).

The floor clause has a mechanism similar to the cap but, as we have seen, it sets a limit to the downside of the interest rate. An interesting situation is that which occurred in 2015, when the Euribor fell for the first time in negative territory, and many wondered: what will happen to my mortgage? Will the interest rate applied by the bank enjoy this benefit, and will therefore be even lower than the spread?

The answer in this case is not unique: In the absence of floor unaclausola the interest rate may fall below the level of the spread applied by the bank, fully exploiting the value of the ‘Euribor turned negative. In other cases, on the other hand, a specific clause put by the bank puts a brake on the reduction in interest applied. For example, a typical formula that we can find in contracts is that which explicitly informs the customer that the rate applied can never be lower than the spread.

 

Is the floor clause always valid?

 

Is the floor clause always valid?

 

Many have wondered in the past whether such a clause was legitimate, as it was clearly favorable to the banks. To date we can say that this type of clause is legitimate if it is expressed in a clear and transparent way both in the information of the pre-contractual phase and in the loan agreement, and must obviously be signed by the client, under penalty of invalidity of the clause itself

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