30-day online payday loans -Get money super quick via cash payday loans online

Quick credit is a type of short-term credit issued by the lender, not the bank. It comes with both risks and benefits. In this article, we will briefly describe the advantages and disadvantages of Gerry’s Online Credit Personal Loan in order to bring some clarity to where Gerry’s Online Credit Personal Loan is or is not a good solution.

Get money super quick via cash payday loans online

Quickly available. Our cash payday loan online can take about an hour to a quarter, but banks can only apply for credit if you are a customer, have a solid monthly income, and so on.

Oftentimes, our credit history is flattened – an overdue bill, a late credit payment, etc., have made our credit history less than glossy. However, at least in some cases, lenders do not pay attention to their credit history. Simple and easy to design. All you need to get a cash payday loan online is to access your online bank to verify your identity. All of these cash payday loan online features make it great for unexpected situations, such as when a car breaks down or you are left without a means to live.

Disadvantages of Gerry’s Online Credit Personal Loan:

Gerry’s Online Credit Personal Loan is clearly a risky loan – both its easy availability and relatively small amounts allow people to borrow without really thinking about whether or not they can return the money. In addition, misfortune does not come alone, and the stumbling blocks to which we borrow Gerry’s Online Credit Personal Loan will often not be resolved by the time it is due.

If you have not drawn a credit line with your bank, the fee for a quick loan seems low. But this is only the case if statistics are not calculated. The annual interest rate on short-term loans rarely exceeds 50% at the bank, but is often much higher, even at 1000%, in Gerry’s Online Credit Personal Loan companies. This is true, however, if you do not borrow for the first time when lenders generally offer to give back as much as you borrowed.

Small loan amount. It is undisputed that the amounts you receive through a quick loan will always be lower than those you would receive at a bank. Usually, lenders lend up to 300 euros, no more. The amount available at banks is higher.

Credit for breast surgery

Breast surgery is an expensive undertaking and therefore often requires appropriate funding, as health insurance only pay in exceptional cases. After all, it is a cosmetic procedure, not a medical one. However, the credit market does not offer a special loan for a breast surgery, which is why classic installment loans are most likely to be considered.

This is how the appropriate installment loan can be located

This is how the appropriate installment loan can be located

There are a variety of factors that should be considered before borrowing. It is not just about finding the cheapest possible loan, it also wants to be adequately collateralised. The better the collateral, the better the chances to find a cheap loan for the breast OP.

Advance loan offers from banks generally demand the same thing on the whole: no existing credit bureau entry and a regular income. The regular income is subject to special requirements, because it should come from non-self-employed work. This is proven by means of payroll accounting and confirms to the bank that an income exists with which the debt service, ie the regular interest and principal payments, can be serviced. Of course, the amount of income also plays an important role, because if this is not enough, it can appear as regularly on the account, a commitment will be denied the applicant.

If the loan for the breast OP is at least concerning the protection in dry cloths, also with the search for the best possible offer can be begun. The search on the Internet can prove to be helpful here, as there are many portals with credit comparisons that provide at least an overview of the current conditions.

Comparative portals also offer only the offers of certain banks, which is why a careful search several pages of this kind should be visited. However, this takes up very little time, if you know what to look for in the credit comparison in particular.

Compare interest

Compare interest

First of all, the effective interest rate should be mentioned. Compared to the debit interest rate, all other costs, such as the processing fees, are already included here. An exception to this, however, are the residual debt insurance policies, which can now be found even with the smallest loan offers, but incur additional costs. Whether such insurance ultimately makes sense, must be differentiated on a case by case basis. With higher loan amounts over longer terms, such insurance can certainly pay off.

In addition to the interest rate but also other factors for a loan for the breast OP should be considered. These include, for example, minimum and maximum amounts of credit, which vary from offer to offer, but generally have a similar rate of installment credit ($ 2,500 to $ 50,000).

An alternative to the installment loan of the bank can be found in personal loans. This is especially interesting for the self-employed and freelancers, who do not have a regular income at a constant level. In the case of personal loans, the claimant sees no private bank but private individuals as lenders. Incidentally, the terms and conditions can be significantly cheaper than is usual with banks.

On the one hand, this refers to more flexible terms and, on the other hand, to much lower interest rates. If a good credit rating can be demonstrated here, the costs for a loan for breast surgery can be significantly reduced. Whether the own project is made palatable to the investors by the indication of the purpose of use lies thereby entirely at the discretion of the applicant.

Cheap Credit – How To Get The Best Interest Rate

A question that moves numerous potential borrowers before having a loan is the one following the cheapest loan. The market provides plenty of offers, but these are usually first of all to be found, because its not all tempting-looking offer hides an inexpensive or even the cheapest loan. This looks a bit like the well-known search for a needle in a haystack, but if you approach the particular loan search systematically, an inexpensive loan can also be found very quickly.

What is a loan required for?

What is a loan needed for?

The very first question, which one asks yourself in the search for a favorable credit score, is usually also answered the particular fastest. Why take a mortgage? The question of purpose is essential in that there are special financial loans for different uses, the conditions of which are tailored specifically to one’s own task.
An example of this is actually the car loan, which has cheaper rates of interest than a normal installment mortgage and is thus secured within another way, namely the preservation of title. There are also unique loans for educational costs that can be used, for example , to fund a whole degree program.

In which situation is really a cheap credit required?

In which situation is a cheap credit required?

At this point, problem arises as to what conditions can be found with regard to the collateral. Furthermore, it does not matter if other loans are actually running and if so , just how much time is left till they are paid off completely. Right here, for example , loans without credit score bureau could become related, since banks obtain a credit score bureauauskunft before each financing, with which they examine the particular creditworthiness of the applicant. Credit without credit bureau can be rare to have a cheap mortgage. In addition , the income plus expenditure ratio must be correct, meaning that a regular income within sufficient amount must be obtainable.

The traditional loan without credit agency in this case would be the Swiss mortgage, which, however , because of its inflexible conditions and the relatively higher interest rates is not always under consideration. A cheap loan could be more prone to be realized with a personal bank loan, since the restrictions are much less stringent than with banking institutions and credit institutions.

Depending on your own credit score, a personal loan may even end up being significantly cheaper than a fairly cheap loan from a financial institution. For personal loans, the cost of credit score is directly related to the particular collateral that the applicant can offer. Risk premiums are accessed only on a rather reasonable credit rating, which is why even candidates with a good credit rating should not just see personal loans as an crisis solution.

By which amount is a cheap credit score required?

In which amount is a cheap credit required?

The loan amount is really a significant factor when it comes to the last cost of a loan. The higher the particular loan, the higher the interest prices charged.
The quantity of the loan itself generally also depends on the intended make use of. Larger loans are needed, for instance , in real estate financing, along with appropriate offers should be utilized.

When looking for an inexpensive loan, the effective rate of interest should generally be respectable. In contrast to the nominal or even nominal interest rate, this currently includes all costs sustained in connection with the lending, like the processing fees.

An exception is the residual financial debt insurance, as this is usually came to the conclusion separately. Whether a recurring debt insurance is needed, cannot be answered flat rate. By firmly taking out a credit insurance, however , a previously favorable credit can be a lot more high priced.

Credit for Apprentice

In principle, it is possible that an apprentice receives a loan, is quite possible. It should be noted here that most banks only loan this loan to an apprentice as a small loan. The loan amount is kept quite small, so that the trainee also has the opportunity to pay the loan without any problems. The income of the apprentice is very low, so that only small installments can be paid. The sum that is awarded to a loan for an apprentice will therefore often not be higher than 4,000 USD. This sum can only be increased if the trainee has a guarantor who secures the loan.

Collateral to increase the loan amount

Collateral to increase the loan amount

Collateral is the magic word for many banks to obtain a loan amount of more than 4,000 USD. If a trainee has a guarantor as collateral, the guarantor can apply for a higher credit. This is often beneficial when financing a car. However, if an entry already exists at the credit bureau, this may complicate a loan commitment. It will be equally difficult to get a loan for an apprentice when he is about to complete his apprenticeship.

Many people are not sure if they will be taken over by the company. But who has a contract of employment after the training, has a good chance of a loan for an apprentice. The employment contract ensures a regular and much higher income after the training so that it is enough to get a loan for an apprentice.

Instant loan as an alternative for trainees

Instant loan as an alternative for trainees

An instant loan can also be used by an apprentice. In the foreground of this loan is the swift payment of the loan amount and the fast processing time. Individual criteria must also be met here and there is also an audit of the credit rating. If you prefer fast processing, you should have all the necessary documents before the application. These documents include the wage certificate, insurance policies that serve as collateral and the apprenticeship or employment contract.

In any case, the bank needs these documents in order to check the lending and to allow it to be accepted or rejected. Here, the apprentice should obtain accurate information before deciding on a loan. Not infrequently it happens that especially young people approach the matter very naively and then come to dubious providers who only want to earn money instead of forgiving it. Therefore, a comparison should be made by the apprentice so that this does not happen and only reputable providers come into question.

Credit for dentures – financing options for dental loan


A denture loan requires not only legally insured dentist patients, but often also members of private health insurance companies who have opted for a favorable tariff with only partial reimbursement of private teeth. The financing includes the share of the costs for the dentures, which does not carry the respective health insurance.

New teeth? – Financing through the dentist

New teeth? - Financing through the dentist

Most dentists offer their patients a financing of their own share of the dentures. If the Dentist settles the own contributions directly, he can either arrange on his own responsibility an installment or mediate a dental loan to a cooperating with him bank. With average amounts, similar to the trade, lending is common without the presentation of salary evidence for denture financing. More and more dental practices use a dental billing center to bill their patients for their own shares.

Depending on the region, the patient agrees to a loan for the dentures own contribution before the treatment on request of the patient or concludes a payment agreement only after the invoice has been issued. The regional dental clearing houses, which offer an installment agreement only after the invoice is issued, do not reject the respective request of a patient in principle, so that even with a Credit bureau negative feature an installment payment of the own contribution for the denture is possible.

Almost no dentist patient is aware of a significant difference between an installment loan and a payment agreement: In contrast to a loan, the dental clearing house may, as a creditor, terminate a payment agreement made after the invoice has been issued, without prior reminder.

Another disadvantage of dentistry financing through dentists’ billing service is that they offer a maximum of six installments in many regions.

Borrowing for dentures via a commercial bank

Borrowing for dentures via a commercial bank

Patients can apply for a standard installment loan without proof of use to fund their dentures. In this case, significantly longer terms are possible than with installment payments in the dental practice or through the dental clearinghouse.

For low-income dentists, the choice of a long repayment period is an obvious choice, as the bank’s statement of accounts checks that the applicant can pay the monthly installment of the denture loan on a regular basis.

Dentist patients, who receive additional income in addition to the main income, also pay attention to which bank evaluates these as relevant for the household bill when comparing loans to finance their dentures.

Some commercial banks offer discounted dentistry loans when the borrower proves the use of money for this purpose. The corresponding offers are cheaper than the installment loans of the same bank issued for free use.

Whether they are cheaper than unrestricted rate loans from other financial institutions, the denture patient examines a loan comparison. A loan offer for the dentures on favorable terms also submit the special banks, which lend to individuals only for the financing of medical treatment.

The organized personal loan for new teeth

The organized personal loan for new teeth

An alternative to bank credit is the private denture loan that patients can apply for on various platforms. This possibility of dental prosthesis financing is also suitable for denture recipients whose Credit bureau contains a negative entry or their income varies widely.

Many private lenders registered on the credit platforms base their decisions on social criteria and the intended use of money. They deliberately prefer to make inquiries from people who find it difficult to obtain credit from traditional banks.

Eligible for a quick credit subscription is the most accurate indication of the intended use. For the setting of the credit request, the statement that this is the payment of the own share of dentures sufficient. However, the private lenders draw the credit request more if the patient provides additional information revealing the need for the dentures, such as visible front teeth to be replaced.

5 Tips on Credit for Dentures

5 Tips on Credit for Dentures

1. Obtain information

If you want to take out a loan for a denture, you should inform yourself in advance. So it should be made clear whether the award of the loan is made through a bank or the dentist. In addition, the interest and the duration of the repayment should be inquired.

In any case, it is necessary to read this carefully before signing a loan agreement and to pay close attention to the fine print in order to find any hidden costs. Particular attention should be paid to whether third parties are involved in the lending or not, because dental laboratories often subsidize corresponding offers.

This can make the cost appear cheap, but also drive significantly higher in longer term.

2. Pay attention to hidden costs

Since loans for a dentures are completed by the dentist himself, especially the terms and conditions must be given special attention. If there are any positions that can not be classified by the client, it is advisable to consult with the doctor or the lending bank to clarify them. In no case should the contract be signed unless all modalities have been clarified.

The revocation right must also be considered, because this must point out all eventualities. If this is not the case, the customer may well have an unlimited right of withdrawal, which should then be exercised.

3. These documents are required for the application

Who wants to take a loan for dentures, of course, must prove his credit rating. Here it may happen – unlike normal installment loans – that the Credit bureauauskunft itself must be obtained. This must then be handed over to the practice together with the current employment contract. Also, the last pay slip or a bank statement confirming the receipt of money must be attached as a rule.

An identification is usually not necessary, because the personal data are retrieved in this case via the health card. But it can happen that in case of doubt, a request from the bank is requested.

4. These things have to be considered

The repayment of the installments is usually not to the dentist, but always to the bank. If you trust your dentist, you should not have any problems with this. However, caution is advised when the repayment to the dentist’s account should be made. Such an approach opens the door to fraud.

In addition, the customer should always get a complete salary and cost plan. From this must inevitably emerge the loan amount, which appears later on the loan agreement. In any case, the loan agreement must be handed over to the customer in its original form – if only one copy is to be handed over, one may well be skeptical.

5. Make comparisons

It is also important to make a comparison with this type of loan. The own dentist does not always have the cheapest offer. So there are also deals directly from banks that make dentures affordable. It is important that the health and cost plan of the bank can be presented. The latter then checks whether financing is possible on the given terms. Comparisons can save very high percentages on interest rates.

Unlike financing locally, there is no laboratory or other third party involved. Therefore, longer terms can be offered at a quite moderate interest rate. In addition, many different points can be designed much more freely than if this is done directly through the dentist.


Payday loan with guarantor

The guarantor is a natural person under private law who pledges a guarantee to assume the contractual obligations of the borrower as soon as they are no longer fully or only partly taken on by the lender. Involving a guarantor is necessary whenever the applicant’s own creditworthiness is not sufficiently good from the creditor’s point of view.

There are different reasons for this; they can have their origin both in the income and in the expenditure situation. For the creditor, the guarantor is, so to speak, the security in case of cases, for a solvency of the principal debtor.

Strengthen the credit rating with a guarantee

Strengthen the credit rating with a guarantee

Whenever lending as a lending, the lender checks and evaluates the creditworthiness of the person seeking credit. Another name for credit rating is creditworthiness. This means the economic capacity that the applicant can repay the loan amount plus the loan interest according to the contract.

Decisive for the credit rating is the income and expenditure situation of the loan seeker. This refers to his monthly regular income in terms of nature, amount and security for the coming years during the repayment period. A basis for decision-making is the lending guidelines of the respective bank. If the applicant’s creditworthiness is not sufficiently good, the loan application will be rejected for lack of creditworthiness.

The credit institution assesses its credit default risk as disproportionately high in this particular case. This is a one-sided, subjective assessment against which the applicant can initially do nothing. The bank can, but does not have to grant a loan under any circumstances.

What are the banks paying attention to?

What are the banks paying attention to?

Regardless of this, every bank approved under the Bank is interested in lending. Lending rates are among their most significant and secure revenues. Nevertheless, a balance must be made between the interest income from lending on the one hand and the credit default risk from shaky lending on the other. If the applicant’s creditworthiness were correct then there would be nothing against lending.

The lender can not do anything in this situation; his hands are bound by his own lending guidelines. Now the applicant is on the train. For him, it’s about improving his credit rating. He has several options; one of them is the provision of a guarantor. This is usually also a natural person of private law, so an end user. However, he may also be a legal entity under private law as a partnership or corporation.

The only decisive factor is the fact that the creditworthiness of the guarantor improves the creditworthiness of the loan seeker so that the lender’s credit risk with the guarantor is eliminated.

How is lending going?

How is lending going?

The lender concludes two contracts for the payday loan with guarantor; on the one hand the guarantee contract, and on the other hand the credit agreement. Subsequently, the loan is paid out to the borrower as the primary borrower. The takes over with the monthly installments the loan repayment. As long as that happens smoothly, everything is OK for lenders and guarantors.

In the first payment problem, the creditor turns to the guarantor. Due to the guarantee contract, he is now obliged to enter into the payment obligation of the borrower. Against this background, the guarantee is entered as a contractual obligation to provide information in the Credit Bureau database of the guarantor, as well as the credit in that of the borrower.

5 tips for the loan with guarantee

5 tips for the loan with guarantee

1. The most important: trust

There should be a close bond of trust between the borrower and the guarantor. Both should, as it is called, know each other well and can rely on each other, that the guarantee is a mere formality. The guarantor should not have to worry that one day it will actually be used.

When a guarantor from the close family and relatives circle must be noted that the guarantee is not contrary to immoral. Here the lender is required to rate a guarantor not only pro forma but also de facto as such.

2. The credit rating of the guarantor

For the credit rating, it is always easier if the guarantor is a natural person of private law; preferably a dependent employee, civil servant or worker with his regular monthly income. For this group of people, the rating of the creditworthiness is simple and smooth; It is automated at almost all credit institutions.

Significantly more difficult and time-consuming is it in the professional groups such as self-employed, tradesmen, craftsmen, insurance and commercial agents or freelancers. Their income situation is very different, and consequently, the credit check is more complex overall. The loan seeker is in danger of “getting upset by the rain” with such a guarantor.

3. Correct information and complete information

The guarantor must be aware that his income situation is screened by the lender as well as that of the loan seeker. On the expenditure side, this applies to all financial liabilities with and without Credit Bureau, and not all contracts are also entered in the Credit Bureau database; However, in addition they must be given in full within the scope of a detailed self- report.

The same applies to the revenue side. No information about it is recorded in the Credit Bureau database. The Credit Bureau entry of the guarantee as a financial liability has an impact on the Credit Bureau score of the guarantor. The score can change with its percentage points in the future, because it adds to the already existing another liability.

4. Only with absolute fianzieller security

In order to be completely safe in his own interests as well as in the interests of his family, the guarantor should secure the guarantee financially in the same way as taking out his own loan. A life is long; it is neither predictable nor predictable in many ways.

The claim as guarantor remains latent until the borrower has paid the last loan installment. If the guarantee is claimed and the guarantor can not service it, then the obligation to pay remains with him; or put another way, he stays on debt.

There are several unattractive occasions, up to his demise. In this case, the heirs must accept the obligation if they do not want to turn down the entire inheritance.

5. Pay close attention to the phrasing

The guarantor should pay particular attention to the term “security agreement” in the guarantee contract. The term “wider…..” means that the guarantee once granted applies not only to the loan in question but also to the borrower’s further lending to its lender.

With the far-reaching security agreement, the automatic consent is also guaranteed to guarantee the future liabilities of the borrower. The given guarantee may therefore only apply to this eligible loan and must be limited to it.

With banks is not to be joking! They are adamant and literally do not talk to each other when it comes to their money.


Credit without examination

If you keep an eye on the lending market, you will discover these offers again and again: Various providers promise the unimaginable: A loan without an audit. This is particularly attractive to customers who have often failed with their loan applications. But they probably will not fare better with a loan without an exam.

The loan without examination: what is normally checked?

The loan without examination: what is normally checked?

Many people are annoyed at the lengthy audit steps that banks take before lending. Before deciding whether or not to grant the requested loan, financial institutions will be able to demonstrate the net income – this is referred to the applicant’s creditworthiness – and banks will want information on possible legacy debts and the payment policy of the potential borrower win the past. This is done via the entry in the protection association for general credit protection as well as the voluntary self-disclosure.

The credit without examination: Why do the exams really make sense?

The credit without examination: Why do the exams really make sense?

The people who are annoyed have usually fallen through one or more of the test steps discussed above. In order to increase your understanding of why these exams really make sense, it pays off a small change of perspective in which you think about why you could actually lend money businesslike: You do this with the goal of making a profit that you clearly defined and baptizing interest in the name. However, once you hand over your money, you realize that this is an enormous risk: what if the borrower can not repay the money?

What if one later learns that in the past the borrower always repaid loan installments as he saw fit? For this reason, one quickly develops the need to learn more about the borrower and his financial background in order to be sure that one can lend him his own money, even if he considers the exams to be exaggerated. Why then can financial institutions offer credit without an audit?

The credit without examination: how banks proceed

The credit without examination: how banks proceed

The answer for all reputable financial institutions is that they can not – at least not completely. When a provider advertises a loan without an exam, it signals its willingness to forego one of the exam steps. Usually the examination of the credit bureau entry is omitted, but other tests can be omitted, but will then be replaced. For example, if a financial institution offers to forego the credit check, it will usually require a guarantor to sign the credit agreement, whose credit rating it will look closely at.

Other banks, for example, who ignore the credit bureau in the lending, instead demand a much higher interest rate, which is well above the average in order to refinance the increased risk of a loan default in this way. One should, therefore, research closely, thereby cushioning the risk of the banks offering to fail various exams.

Getting free money is possible – Read here how and where.

We all want to get free money, get free money. That sounds like a utopia and it is. Logical as all of us  just being able to get free money, then money also loses its value as a means of exchange and trading.

How do you get free money?

How do you get free money?

Of course it is always possible to get free money, but those options are limited. For example, you can get free money by getting a legacy or gift in your lap. After deducting the tax, the rest of the money is yours without you having to do anything for it.

Another possibility is to win a lottery. In some cases you still owe probability money tax on the amount won and in other cases the probability money tax has already been deducted and the amount won is entirely yours (minus the wealth tax of course).

The twitter hype FreeCash. Here anonymous benefactors give tips with which people can find money hidden by the informants somewhere in the Netherlands. It is intended that the finders post a selfie of themselves on Twitter with the found money.
Distributions are seen by some as free money. You receive a basic amount of income and in principle you don’t have to do anything for it.

Get a basic income and free money

Get a basic income and free money

There are different voices to give every citizen a basic income and thus eliminate the inequality within society. Switzerland in particular is far advanced with these thoughts. They consider giving every Swiss adult citizen an income of approximately € 2,000 per month. When everyone has a guaranteed income, the stress to perform falls away, people have more freedom of choice and more material certainty. According to a Canadian study that took place in the Canadian province of Manitoba for four years, people continue to work in addition to this basic income, albeit sometimes fewer days a week. With work you can earn extra money on top of the basic income, but the earnings are lower. In the Netherlands too, there are regular votes for a basic income. Because everyone receives this amount, wages in hospitals, education, police and other branches of the civil service are significantly reduced and the entire current benefit system disappears, this plan could, according to the proponents, be paid for.

Credit for soldiers


In a loan for soldiers, the conditions differ between conscripts, time guards and professional soldiers. What they all have in common is that the bank, as an employer, awards an employer loan exclusively for the purpose of starting a family. Service law does not preclude borrowing by a soldier. Since almost all soldiers are secrets, the employer demands that they live in decent financial circumstances. A credit to serve is not contrary to this obligation. However, the installments payable must be in reasonable proportion to the salary of the soldier.

This requirement basically applies to every borrower. A violation, however, can lead to serious professional consequences for members of the another special feature when granting loans to a soldier is that many financial institutions mandate the conclusion of a rate protection insurance.

This is understandable in view of the high risk, particularly in foreign missions, even if the pays high compensation for wounds or death on duty.

Loans for time and professional soldiers

Loans for time and professional soldiers

Time guards and professional soldiers are in many ways equal to civil servants. This also applies to the lending, so that they can basically obtain a civil service loan. However, with regard to time depositors, it should be noted that most financial institutions will only disburse loans if their term does not exceed the current commitment period.

This is understandable, after all, the income of the soldier is only secured until the end of his service. However, he also receives redundancy allowance as well as vocational assistance, so that individual banks can also hand out time credits to creditors with a term beyond the active service period. Professional soldiers, on the other hand, are welcome customers in almost all banks, especially since they are entitled to an attractive pension after the end of the service.

Last but not least, the advantages of sold-to-consumer loans over traditional consumer loans are that they can be extended over a period of seven to ten years and, consequently, higher amounts.

Even a soft credit bureau negative feature does not exclude lending to professional soldiers because of their secure job at many banks. In addition, the loan interest payable on civil servants’ loans for temporary and professional soldiers is extremely low thanks to the high level of collateral provided by the secure employment relationship.

Loans for conscripts

Loans for conscripts

For conscripts, borrowing is much more difficult than for time and professional soldiers. While they receive reliable during their service, their pay and then another payment from the bank. However, their commitment usually ends before the end of the desired repayment term so that they do not have a secured income until full repayment of the loan.

Conscripts increase their credit chances with a bank, if they win a parent as a co-borrower. Easier than a installment loan, they receive a discretionary loan, since for this regular non-cash cash receipts on the current account are required and the pays the defense money by bank transfer.

A concern with the regular use of the disposition credit by a military soldier, however, is the high borrowing rate, which he has to pay for this. For purchases, conscripts can easily apply for a partial payment in the business, especially since many traders waive the demand for the employer and the presentation of a proof of income except for high purchase amounts.

Another option for taking out a loan as a military service provider is to provide money transfer platforms between individuals. The evaluation of the activity as a soldier falls on these as unevenly as in the entire society.

Some of the members registered as lenders generally reject requests from personnel, while others consciously support soldiers for social reasons. Usually, conscripts find a private lender when they carefully describe the intended use of the loan requested and fully explain their financial position.

5 Tips on Credit for Soldiers

5 Tips on Credit for Soldiers

1. Service time note

For the award of a soldier’s credit, the service is the deciding factor. Who provides only his basic military service of 6 months, will receive from the banks usually no credit, because here is the risk too big that after the military service, the income fails. This also applies to soldiers who are about to terminate their employment relationship, whereby here usually a subsequent employer must be proven.

Who is active as a time or professional soldier, will usually come to enjoy a civil service loan. However, it should be clarified whether as a time soldier a life insurance policy over the entire term is sufficient to provide even after leaving the service sufficient collateral.

2. Notify places of use

Many banks see the greatest danger to a soldier being that he is killed in the exercise of his service. To this end, the interested party should provide an overview of his future places of work – if known and approved for publication – to the lender. If in the long run only the internal service is desired, this measure can also be omitted.

In case of increased risk, a prospective buyer should in any case take out insurance or already have one. In some cases it may be worthwhile discussing the borrowing with the employer. If the requested sum can be justified here, the assumption of the debt can also be made by the state should a death occur.

3. Agree exactly on the repayment terms

There are several options for repaying a soldier’s loan. For a lower salary grade, it is best to use the usual installment. This keeps the financial burden low. At higher salaries, for example as an officer, the loan can also be made final. It should definitely be talked about the possibility of a pure civil service loan, because this allows to carry out the repayment in full on a closed life insurance.

At the end of the term it will be paid to the bank and liquidated. This method can also be combined with installment payments, which can be particularly low rates.

4. The documents must be available

In any case, the service certificate of the must be present, which confirms that the person is in the soldier relationship. It also indicates whether it is a time soldier or a professional soldier. In addition, the medical certificate must be submitted to the, which certifies the suitability for service, so that premature termination of the military career is not in the room.

Evidence of the grade should also be attached in copy when the credit is requested for soldiers. Ultimately, the obligatory documents such as identity card or passport still have to be submitted. In many cases, the ID card is sufficient to confirm the identity.

5th tip to credit bureau

Unlike private individuals, the credit bureau information plays only a minor role in a professional or temporary soldier. If there are entries from the time before the soldier’s life, the banks usually turn a blind eye. However, it has to be proven here that employment with the german forces is indefinite or extends over such a long period of time – this is important for time soldiers – that the loan repayment is not jeopardized.

In addition, a request should be made to the credit bureau for the loan for soldiers, if any already settled claims can be deleted prematurely. However, this is usually only possible with the consent of the former creditor, so that should be turned to this.

Anyone who does not pay the loan taken may face a severe penalty!

Retail loan portfolio reached HUF 130 billion in 2018!

Banks are increasingly impatient with debtors.

Well-paying debtors strive to repay the debt as soon as possible.

  • In 2018, domestic credit institutions sold 129 billion worth of overdue retail loans for a total of HUF 52 billion.
  • In 2017, banks sold less than HUF 205.2 billion of non-performing loans.
  • The peak year was 2016, when credit institutions were freed of HUF 425.7 billion. Then the MNB allowed the banks to give them another chance to repay the loan, if not, they could terminate the contracts.

In 2018, most of the loans from home and freelance mortgages went to debt managers. Debt collectors went for $ 35 billion in home loans and $ 58 billion in freelance mortgages.

Act quickly against non-paying freelance and auto-authentic customers


Strict recovery!

Large-scale reviews over the years have also resulted in a fall in the rate of household loans over 90 days to 4.5%. This value dropped from 19% to the current percentage. Even those who pay off with relief are paying more and more discipline!

In 2014, half of the loans fell, while last year only a quarter of the renegotiated loans became overdue for 90 days.

Households’ loan sales to debt managers (HUF billion)

The improvement in housing loans is particularly significant.

The proportion of market loans overdue for more than 90 days

  • In 2015, before the big “portfolio cleanup”, it was 15%
  • currently 2.4%.
  • In the case of overdraft mortgages, the same ratio dropped from 32% to 11.37%.

More and more people are counting on good debtors, and the amount of prepayments and early repayments is increasing, reaching HUF 400 billion last year.

Prepayments can be used for home savings funds or other savings

Prepayments can be used for home savings funds or other savings


Free Mortgage Loans Are Repaid At The Fastest Rate! More than one third of capital repayments were prepayments.

Early repayments and early repayments may continue to increase this year as former foreign currency lenders can begin to redeem their forint-denominated loans four years ago in a jointly agreed program between the MNB and the Hungarian Banking Association. They have an interest period of 3 months, according to the MNB, and if they were swapped for a more fixed rate, more predictable arrangement, the loan would become more secure.

Lending is very strong and new loans are always considered to be performing. Of the new disbursements, 882 billion were mortgages for residential or non-residential use, of which subsidized ones accounted for 64 billion.

State-subsidized housing loans are currently being used for new housing besides the Family Home Creation Benefit (CSOK), and the interest rates on subsidized loans for second-hand housing are at market rates.

The number of loans taken out with subsidies will increase!

2019 will be the year of subsidized loans!

2019 will be the year of subsidized loans!

Because families will also be able to take advantage of subsidized loans to buy used homes, which they cannot compete with in the market!

  • two children up to 10 million,
  • a loan of up to $ 15 million in state subsidized interest for three or more children.

The interest on these loans will remain at 3% until the end of the maximum term of 25 years.

Personal loans are also on the rise, with new disbursements amounting to HUF 435 billion in 2018, with credit institutions putting out nearly 70% of the credit outstanding on the market last year.

Car loan portfolios are also relatively new, amounting to HUF 85 billion last year, which is half of the total loan portfolio.

There are still many who are defaulting on old car loans, and over 90 days car loans are still over 17%.

If you have a housing goal, would like to take out a home loan, are interested in your options, or may have been interested in the new CSOK changes, are interested in the future details of your new family action plan, call our credit brokerage experts