All posts by Blanca Hamilton

Real Estate Loan Insurance Delegation

1 – The “group” contract of the bank

loan contract

You can choose to subscribe to the contract offered by the lender, the “group” contract.

It is a group insurance contract that each bank has negotiated with an insurer on behalf of its borrowing clients.

The main disadvantage of group contracts is that collateral and rates are the same for all borrowers underwriting a contract. Guarantees are not adapted exactly to the need of the insured does not take into account its personal characteristics, and in most cases the tariff will be much higher because it is calculated on a pooling of risks (age, health problem, extreme sports, smoking …)

2 – The individual contract leaving free choice

You can choose to subscribe to a borrower insurance policy of your choice and delegate it to the bank that finances your property. In this case we speak of insurance delegation and free choice of borrower insurance.

It is Christine Lagarde who allowed the introduction of these contracts by a law that was promulgated in September 2010.

This law clearly states that the lending institution is no longer entitled to impose its group contract, since the guarantees offered in the delegation agreement chosen by the borrower are at least equivalent to those offered by the group contract.

Moreover this law stipulates that the banking organization is not entitled to apply a higher credit rate if you decide not to subscribe to their group contract.

If the bank refuses to accept your delegation of insurance, then it will have to justify it and motivate it in writing so that you can look for a new contract whose terms will meet their requirements.

For information, this law came to support the law MURCEF which already prohibited the forced sale of related products but which was not sufficient and little applied in reality: the main text of this law mentions: “Is prohibited the sale or offer of sale bundled products or services, except where the goods or services included in the bundle can not be bought individually, or when they are inseparable “.

Tell quickly that you opt for a delegation

In order to put the odds on your side for the delegation to be accepted, we advise you to address the subject from your first meeting with your banker by indicating your willingness to make a delegation of insurance.

He will then be able to give you the terms and conditions of sale of his group contract and this will allow you to launch your research and align with their terms of guarantees.

Delegation of insurance borrower: make the right choice

The borrower insurance delegation can save you a lot of money. However, care must be taken to choose the contract based on your personal need and not just want to favor the lowest rate, something you could regret greatly in case of need for compensation.

The ITT / IPT / IPP guarantees are not identical on all loan insurance contracts, pay attention, among other things, to waiting periods and deductible periods, especially in the case where you are a non-salaried worker and you do not benefit from the pension coverage as a good majority of employees.

Also pay special attention to exclusions and especially if you practice a risky sport: you should not be guaranteed in case of accident during the practice of your favorite sport!

Determine the quotients for each borrower, which will help protect you and your family effectively.

Call an insurance broker

It is very appropriate to use an insurance broker who can make the comparison for you of the best contracts on the market and choose the one best suited to your profile and your needs. We are here to compare for you and guide you in the best choice.

Indeed, with regard to your profession, the sport you practice, whether you are TNS or an employee, you will be able to select the appropriate guarantees and options and not subscribe to the guarantees common to all the profiles of borrowers of a group contract. Some guarantee conditions of the group contract may be too weak in some cases and will include many exclusions.

Among other things, the notion of waiting period in ITT can be a determining factor for a TNS (which is not lucky for the majority of employees who receives 100% of his salary in case of sickness during the first 3 months, the latter being totally supported by his employer).

Save money with a delegation

Save money

The insurance delegation can save up to 60% on insurance costs, especially if you are young, with no health concerns and no smoking. Rates are delegated according to criteria related to each borrower: it is thus made to measure by age, sex, being a smoker or not, the profession and do not bear the risks associated with others borrowers of a group contract.

It is also tailored to the amount and duration of your loan. Thus group contracts are in most cases based on the initial capital borrowed while the delegation contracts are for the most part indexed to the remaining capital of the.

Do well in advance to make a delegation

It is preferable to draw up your loan insurance file at the same time as your mortgage loan file because the medical formalities are sometimes important and long in case the borrowers present health risks. In this case the medical services of the insurers will almost always require additional medical examinations and reports.

Thus it is not essential to have the amount to finance and the final rate to start the process of research insurance loan. We advise you to make comparative insurance quotes based on a rate and an amount to fund in principle in order to launch the file. You will give confirmation of the exact rate, amount to be financed and effective date just before the membership certificate is issued.

In some cases delegation may be essential

Indeed, if you present risks too high, a large part of the group contracts will refuse to cover you and your banker will invite you to look for a borrower insurance on your side. This may be the case especially for senior citizens (because group contracts do not cover beyond a certain age) and for borrowers practicing risky professions or sports.

Loans Without Certificates Available in Loan Companies

Are you looking for a loan without certification?? They certainly do not go with this intention to a traditional bank. In such institutions, in fact, from 2012 you have to take into account much more rigorous conditions when it comes to allocating financial loans. Such rules were introduced by the Polish Financial Supervision Authority in response to the very poor economic situation in Poland. Since then, each application has been examined in terms of creditworthiness as well as the lack of unpaid debts. Therefore, all clients who are on the list of Credit Information Bureau can say goodbye to the loan provided by the banks.

They will hear the same negative decision if they do not meet the minimum creditworthiness requirement. Banks must check carefully whether the applicant receives regular sources of income. These include, among others, money received under a contract of employment, civil law contracts or benefits such as pensions or pensions. If this condition is not met, according to the bank, the potential borrower is unable to pay off the liabilities.

People without creditworthiness, no alternative?

People without creditworthiness, no alternative?

The KNF has indeed introduced significant changes in the functioning of banks. However, they do not apply to non-bank institutions, ie all loan companies, without having a proper register on the list of banks.

Those who are still interested in loan certificates can easily turn to this type of institution. Most of them actually offer waiting times, which are made available only after showing only the ID card. Filling in the form takes only a few minutes, and you can apply for a cash loan via the Internet. Most often, the only requirement is simply to send a scan of your ID card.

Sure, some people wonder how specific outlets will check whether a given customer is solvent at all and whether he sometimes lends money to earlier debts with which he has a lot of trouble. Well, in this situation, such data sources about potential clients as the Economic Information Bureau or the National Register of Debtors turn out to be helpful. At present, only the British loan company Tongfah Bank is using BIK. In previous sources, the data is not as accurate as in the Credit Information Office. Therefore, the lenders defend themselves with slightly higher interest rates for the loan granted and a short repayment date.

Costs Related to Loans Bank Credit Charges – How to Choose a Loan

The cost of the loan

The cost of the loan

What to do to know all the costs associated with loans?? If you are interested in this subject, leave your duties for a few minutes and read today’s article, which contains the most important information on this issue.

What determines the amount of loan costs

What determines the amount of loan costs

It must be emphasized that a lot of people are well aware that the costs associated with loans are not just the interest rate itself. A lot of course depends on the amount of a given mortgage, consolidation, investment, etc. In addition, clients must estimate what repayment period will be the most profitable for them. Of course, it would be best to pay installments as briefly as possible… However, you need to consider your financial options in this regard. Remember that the longer you pay off your loan, the more money you will eventually give to the bank. It is not surprising then that a lot of people are going to take loans for the shortest possible period, although of course this is not always possible – taking into account, for example, their earnings in a particular workplace, etc.

What else to pay attention to when choosing a loan

What else to pay attention to when choosing a loan

It should be noted that the costs associated with loans also involve fees and commissions set by a specific bank. It must be emphasized that each institution has such requirements. However, this can not be surprising. Banks simply want to make money on loans. This means that the customer must pay for the service of each commitment. The longer the bank deals with a specific loan, the more money goes to its “safe”, of course. You must also take into account the interest rate on a particular loan, and sometimes also its insurance. There are many people who decide on such a solution, because they know that it is a kind of a safety valve in case of various unfavorable circumstances that could prevent timely repayment of the loan. If, on the other hand, someone takes loans in foreign currency, he must take into account that he will pay the spread.

No wonder that people who want to take a loan in the near future, are wondering what to do to make the fees as small as possible… It is definitely worth considering parameters such as rrso. This is the actual annual interest rate. This ratio most accurately determines all costs associated with loans. The smaller the rrso, the better for the banking client. Keep this in mind.

Loan for the Self-employed – Business & Entrepreneurial Loan

As an employee, it is easy to apply for a loan, if you can prove a permanent employment and regular income and also a query of Schufa remains inconspicuous, is a lending by a bank, nothing in the way. For freelancers and self-employed it is more difficult to get a loan, because a loan for self-employed is reluctantly forgiven by banks. Nevertheless, banks offer their self-employed customers a special business loan or loan for the self-employed. However, the conditions for obtaining a loan are stricter than for employees.

Prerequisites for a loan for self-employed


Credit for self-employed

For a loan for the self-employed, the creditor must first prove that he has reached a sufficient income. Since the income of freelancers and the self-employed can differ from month to month, an average value is applied for the application for an entrepreneurial loan. In order to be able to prove this income for the loan for the self-employed, it is necessary for the potential borrower to provide the bank with its business evaluations, as it has no salary statements. But even with the submission of these evaluations, it is not yet certain to obtain a business loan, because most banks require that the lender must pursue his self-employment for several years to estimate that the loan for the self-employed paid in the future can be. In addition, it is helpful and often even necessary that the bank’s self-employed loan can provide collateral that can secure the loan.

If you’re a self-employed person looking for a business loan, you quickly realize that many banks have little or no chance of lending. This is because banks continue to classify self-employment as insecure and therefore consider a loan for the self-employed to be at an increased risk of default. But even the irregular income is one reason why a business loan is reluctant to forgive, because many self-employed work with payment targets, which can lead to the fact that customers do not pay and thus the self-employed has no income. For this reason, a loan to the self-employed is only given at increased interest rates and under strict conditions.

What are the Conditions of Loans?

Conditions of Loans

Conditions of Loans


Online lending has become quite commonplace. This service is present in many cities and is represented by many companies. In Krasnoyarsk, Money for the Home helps the company to make an online loan. This is not the first year this company has successfully manifested itself in the field of micro financing. The structure of “Money for the house” includes offices of St. Petersburg and the region, Krasnodar, Krasnoyarsk and the region, a wide network of client managers. Krasnoyarsk office is located in the business center “Niagara” on the street. Mira, 109.

The main work of the company “Money for the house” is the issuance of small loans for a short period. This service is in great demand because of the simplicity, speed of registration and the possibility of home loan delivery. Representatives of the company are doing everything possible for customers to create the most convenient conditions for obtaining a loan. To apply for an online loan, you need to have Russian citizenship, fill out an application and attach a copy of your passport to it. It does not matter: what is your level of income and your Dona Monday history. Simplicity of design and distinguishes this company from other financial institutions.

Online loan “Standard” allows you to get from 10 000 to 30 000 rubles. Currency, term and interest rate are negotiated in the loan agreement. You can spend the received money on various purchases, training, repair or repayment of an existing Dona Monday debt. Repayment of debt in this type of loan is carried out weekly.

When you make an online loan in Krasnoyarsk, “Before Salary”, you will receive from 5,000 to 15,000 rubles. All terms and conditions for this loan are specified and specified in the loan agreement. Payment of the loan is made at a time. This type of loan is very convenient, if suddenly there is not enough money to pay in connection with unplanned expenses.

Usually these types of loans are given online for a short time, but if necessary, you can extend it. All this is negotiated directly during its execution.

You can pay the loan amount both at home and in the office. Also, this procedure can be carried out through the terminal “Platezhka” without paying a fee.

The Money for the House company has the developed system of discounts and privileges for regular and diligent clients.