My WordPress Blog Fri, 01 Feb 2019 01:39:58 +0000 en-US hourly 1 To take out a loan for 40 years: Interesting? Fri, 01 Feb 2019 01:39:58 +0000 Read More


Real estate is becoming increasingly expensive, the need for long-term loans such as a 40-year loan is becoming more and more urgent. We can thus reduce our monthly burden, but is a 40-year loan also interesting?

Borrowing at 40 years

It is a general trend: the term of loans increases year after year. In the year 2012 about half of all people borrowed in 20 years, today loans at 30 or 35 years are almost ‘standard’. Since 2006 it is possible to contract loans with a duration of 40 years. Is this interesting?

Benefits of loans with long maturities

With such long loans you always have to pay attention, even though more and more people choose to borrow on long maturities. The advantage of a long-term loan is that the monthly expenses can be printed. This also means that a higher loan can be obtained and you can enjoy the tax benefit for longer.

Disadvantages loans with long maturities

Loans at 40 years are not that interesting because the costs are higher compared to other loans. The total cost price will therefore be higher, taking into account interest charges and the debt balance insurance. Borrowing a longer period also means a greater risk for the bank. She therefore wants to compensate for this risk.

Do not forget that after 30 years you will be required to carry out a new mortgage registration. This will also entail extra costs.

A final point of attention is of course the maturity itself. Anyone who takes out a 40-year loan risks soon to have to make repayments even after his retirement. If you know that the pension represents little, then asking for financial difficulties later in life. You may have the advantage of using the lower monthly payments to invest money wisely or to set aside for your pension, but unforeseen circumstances can still throw those plans into the water.

Reasons for loans at 40 years

It is very simple: Real estate prices are rising, making it harder and harder for young people to find an affordable home. Both apartments and houses follow this trend. A 40-year loan would then seem interesting: low monthly payments and the possibility to still be able to buy your own home.

If you look further at the complete picture, you will notice that the cost price is higher in totality. Consumentenorganisatie Test-Aankoop even recommended a loan at 40 years, for the reasons we already mentioned in this article.

Conclusion, borrowing to what term?

Are you planning to borrow for the purchase of a property? Then the general consensus is that this is best done at 20-25 years. You can also approach it more strategically and take out the loan for up to 30 years and make early repayments when it is more interesting than saving.

Borrowing at 40 years is generally not a good idea, especially if you have little margin left over.

However, a loan of 40 years does not seem that much. Not all banks even want to offer this. First try to play different banks against each other and then formulate your conclusions.

Another alternative could be to use a group insurance or IPT insurance as collateral, although this will most probably be the most interesting for a second home.

]]> 0
Loans with bills 2018 Sun, 06 Jan 2019 13:26:28 +0000 Read More


We are now in the new year and after the holidays we return to talk about our usual topic, or loans with bills 2018 .

Have there been any changes on this front? Still for the moment we have not noticed any news, so even for the new year, just entered, the operation of this line of credit will remain unchanged.

Prestiti con Cambiali 2018

Loans with bills 2018: why request them?

This year certainly did not start in the best way, in December 2017 all Italians had to pay several payments and for most families the money from the thirteenth was spent between taxes and some small gift. Unfortunately, even the month of January will not be less for what concerns taxes (see for example the Rai TV license) and then you find yourself right away with a few savings in their pockets and many expenses to be incurred. And this is precisely the main reason that pushes people to apply for funding.

Why should you choose a loan that has been replaced in place of the classic personal financing?

Loans with bills 2018: why request them?

The classic financing, better known by the name of personal loan is now available only by a few “elected”. Unfortunately, to be able to obtain one, even in 2018, it will be necessary to have a source of income perceived on a regular basis, but above all this must be demonstrable.

In order to prove your income, it will be sufficient to show the bank that will pay the credit for your paycheck if you are a salaried employee, if you are retired and if you are self-employed.

Those who do not hold one of these documents will not be able to access a loan in the traditional way but will have to opt for a loan with guarantor. To understand each other better, a third person will have to guarantee for the debtor through his income guarantees that they will always have to be demonstrable.

But what happens if the applicant is a bad payer or a protester? Those who hold this “charge” unfortunately is not well seen by financial companies and therefore it will be necessary to opt for a further solution to have access to credit. Here, too, you can request the assistance of a guarantor or opt for the assignment of the fifth.

However, the assignment of the fifth has limitations: it can only be used by employees with a regular employment contract and by pensioners. All other categories (unemployed, unemployed, employees without a regular employment contract and self-employed workers) can not request the assignment of the fifth.

The solution therefore for these subjects remains the loan with bills. Its operation is very similar to the most classic of loans with the difference that the reimbursement will not take place through the payment of monthly installments but through the payment of bills.

Thus, the 2018 loans can be paid to bad payers and protestors. For what reason can a loan with bills of exchange be granted to a person who can not take advantage of the traditional credit? The answer to this question is the use of the bill.

The bill is an enforceable title and gives the creditor an important power: in the event that the debtor does not honor his debtor the creditor can make the request for seizure of the assets and the subsequent sale through an auction. The proceeds from the sale of the debtor’s assets will be used to cover the debt left open.

Having such power, always thanks to the bill, the creditor feels safer and manages to grant funding even in the most critical cases where in most cases the banks deny credit requests to their customers.

The financial companies that provide a loan with bills of exchange in 2018 are relatively few compared to the number of banks that allow access to credit in the most traditional way. We also remember that everything can also be done between individuals, the important thing is that the transaction is stipulated according to the agreements provided for by Italian law.


]]> 0
Loans with bills for bad payers Thu, 13 Dec 2018 13:15:59 +0000 Read More


Loans with bills for bad payers are a type of loan that is always in demand, but that over time is falling into disuse.

Anyone who is an employee and needs almost immediate liquidity can apply for a loan that has been changed.

It is possible to request and evaluate your loan in the credit brokerage agencies regularly recognized by the Bank of Italy or by answering a few targeted questions on the websites of online companies even if at the moment we are not aware of credit companies that issue this type of loan.

Following careful checks and evaluations on the applicant’s financial history, credit institutions provide loans changed from 2500 to around 30000 euros.

The applicant employee can activate a loan that has been changed even if he already has other loans in place and has no obligation to state the reasons for the request.

Prestiti con Cambiali per Cattivi Pagatori

Once the financing has been established, it will be up to the credit promoter to carefully evaluate with the applicant the type of repayment amortization, if with an installment and fixed rate or installment and variable rate.

In the loan changed to bad payers, as already suggested by the name, the reimbursement will take place through bills on a monthly basis for a duration that varies from 12 months to 120 months, ie from 1 year to 10 years.

The changed loan, as per contract, is usually paid in two stages: a deposit, paid by banker’s check after 2-3 days from the signing of the contract and a final balance equal to the remaining amount on a cashier’s check sent to the domicile of the beneficiary or by bank transfer.

Some credit brokerage companies require an agency commission for the stipulation of the contract, also called the cost of investigation that, in some cases, is due at the time of signing the loan agreement, in other cases it is conveniently deferred and integrated into the monthly payment repayment of the loan itself.

Just like bad payers, in the same way even the protestors can succeed in obtaining a new line of credit to fulfill their dreams or to be able to achieve their projects with less anxiety. Delivery times can be fast enough, depending on the customer’s situation. In fact, we often hear about fast or even very fast loans where the customer can get the money on the day or in any case within 24 hours.

]]> 0