How do you calculate a loan amortization plan?

When you initiate a personal or finalized loan (you must instead make a separate speech for the bond one), to have the financial performance of the latter always under control, you proceed to calculate the so-called amortization plan, with any interest and share capital. Taking these variables into account, in fact, allows you to better manage your money and to monitor the progress of the loan that has been requested. But how do you calculate it? Is it a difficult operation that belongs only to the banks, or can everyone be able to foresee it? Let’s try to understand it.

The differences between the various types of amortization plans

The differences between the various types of amortization plans

The first thing you need to know is that there are different types of amortization plans: the Italian one, the French one and the German one. The Italian plan (now little used by banks) provides for installments that decrease from time to time, as well as the interest rates. What remains constant is the capital quota.

In the French plan, however (the most used by banks today), the installments to be paid are always constant. The Italian plan, therefore, will see higher installments at the beginning and lower installments at the end, while the French plan involves a payment of the final amount a little more salty. Finally, the German amortization plan is similar to the French one, with the only difference that interest must be paid in advance.

Although less widespread it is necessary to highlight that there is also the American amortization plan, characterized by an investment and a financing operation (see also Immediate online loans).

How to Calculate a Loan Amortization Plan

How to Calculate a Loan Amortization Plan

Unlike what is commonly thought, calculating a loan amortization plan, with interest and principal, is not complicated. Some examples will be enough to make these concepts clear. In the loans that the bank makes, within the amortization plan, as we know, interest is also included, which will have a voice in the calculation. Let’s say you ask for a loan from a bank of 4,000 USD (see also I need money immediately), to be repaid in 20 months with an interest of 6% and with a monthly installment. Both in the Italian and French amortization plans there will be the items “Residual capital”, “Capital share”, “Interest share” and “Installment amount”.

In the Italian amortization, however, the items will correspond to the 1st month at Capital Share: 200 USD; Interest Rate: 20 USD; Installment amount: 220 USD; residual capital: 3,800 USD. In the second month the principal portion remains the same, while the interest portion is recalculated on the residual principal, gradually decreasing. In French amortization, on the other hand, the principal portion does not remain the same, but increases month after month, while the interest portion, on the contrary, decreases, leaving the amount of the installment constant.

This calculation method is useful, because it is released from the specific reference product (applicable, for example, both for financing with Unicredit and for an Inpdap). If, however, you do not want to do it yourself but rely on more comfortable solutions, online there are platforms that allow you to calculate in detail a loan amortization plan, with interest and principal.

Loan Simulator – Check advantages to get the loan right

The search for a loan is not an easy task. It is necessary to know exactly the interest and rates applied and the coverage period. A loan simulator is an aid in this process.

With this system it is possible to analyze all the credit conditions of your application and thus make the most correct decision. Which makes the process easier.

What is a loan simulator?

What is a loan simulator?

Many credit providers and banks have a credit simulator to make it easier to consult the amounts to be lent. It is an online tool capable of providing you with the interest and fees of a certain amount.

There are several online credit simulators available.

What is a credit simulator for?

What is a credit simulator for?

To make your life easier. It allows you to quickly get the value of how much your loan will cost. That way you do your research to find the credit provider that offers the best fast online loan terms .

This research helps you find the lowest interest rates and the most favorable payment terms.

How to do credit simulation?

How to do credit simulation?

Each credit operator has its own model, but the data requested in this case is universal:

– the loan amount;

– the number of installments to be paid;

That way it is possible in minutes to obtain the amount of the loan that will be left with the fees and interest. In addition, you can run numerous simulations, with different payment periods and amounts, and thus check which one best suits your financial condition.

This process is very fast and you do not need to spend time on numerous fills.

Advantages of the credit simulator:

1. Speed ​​and agility;

2. Online process. Use your cell phone, notebook, computer or tablet;

3. No need for calls or face-to-face service;

4. Perform several simulations with different values ​​and payment periods;

5. It is possible to check the interest rate applied ;

6. The total cost of the loan;

7. Compare the interest of each credit operator to choose the best one;

Simulator precautions:

Some simulators include secured loan options, so be aware that this increases your loan amount. As for interest, carefully analyze the total amount of the amount.

That is, add up all the portions displayed by the loan simulation to have the exact amount of the required capital. That way you have an idea of ​​how much this loan will cost.

What are the minimum requirements to get an online credit?

What are the minimum requirements to get an online credit?

We only requests 3:

– be of age;

– have a bank account;

– stable income;

Simulating online loan is easy and fast. Access our link and find out today the best loan for you.

Make the credit simulation and apply for your loan. It’s easy and fast.

Access our information bank, we answer all your doubts , so that you can rest assured, and get the credit you need, without bureaucracy and total speed.

Understand the differences between loan and financing!

Did you know that lending and financing are different things? Yes, although many people treat the terms as synonyms, they are different types of credit, each with its peculiarities and more suitable for certain occasions.

To choose the right option for your needs, you need to know the characteristics of each one. In this article, we will help you to clarify your doubts and understand, once and for all, the differences between loan and financing. Follow!


The differences between loan and financing

Here are some tips for requesting debt refinancing

The essential difference between the two modalities is the purpose of the credit. There are quite different characteristics, too, in relation to the rates applied and the bureaucracy involved.


The most notable feature of the loan, compared to financing, is freedom. You do not need to justify to the financial institution the destination you will give to the borrowed money, just make the payments within the defined period.

The release of a loan is simpler and faster. You will be subjected to the bank’s credit analysis which, according to the assessment, will provide the credit, without the requirement of guarantees.

On the other hand, and just because of such ease, interest on the loan is higher. The most important factor in determining the interest rate of a credit transaction is its degree of risk to the financial institution. In the case of the loan, if there is a default, the bank will have to bear the loss.



Most used for operations involving higher amounts, financing has stricter rules. Its specific purpose must be indicated already in the contract signature, being relevant even to define the line to be contracted.

Lower interest and longer terms are other characteristics that distinguish a loan from a loan. As the good or product financed will serve as a guarantee for the bank, which will be able to take it in case of default, the operation is safer and, consequently, the conditions become more favorable.

Even for the amounts involved, hiring a loan is more bureaucratic. In addition to the borrower’s credit analysis, which will be more rigorous, the asset to be acquired will also be appraised, and must meet certain requirements.Real estate financing is a good example to understand this dynamic: before the contract is signed, the property is submitted to inspection.


The release of credit and the situations indicated for each modality

credit loans

Another significant difference between the loan and the financing is in the release of the credit. In the first case, the money is delivered to you, who will have the power to decide where and how to use it. In financing, resources go directly to the seller of the financed product or product.

Although not exactly a rule, we can say that the loan is more suitable for immediate situations, such as to pay off a debt. Financing, because it offers better conditions, is a better option for those who want to purchase specific and higher-value goods, such as real estate and vehicles.

Now that you know the differences between loan and financing, you can choose the most suitable credit operation for your needs with more ownership. Do not forget that financial planning is always important for the success of your business. 

Delaying the loan is a delay in your life and we will explain why

Controlling the monthly budget and handling all obligations can be a tremendous challenge for people. Dismissal, divorce, illness… there are many reasons that make someone fail to pay the loan, but few really know the real losses for those who are late. Even if the delay is only a few days, there are already consequences for your finances. And the more days you spend ignoring the payment, the situation will only worsen. Thinking about it, we separated 7 reasons for you to turn the yellow light on the bills and never fail to pay the loan installments.


Dirty name in the square

credit loans

Every time the consumer fails to fulfill any financial commitment, including loans, he runs the risk of being placed by the lender (the company that lent money) in the default register of Cream Bank, Credisure Group or Best Bank. In other words, the consumer can keep what is called a “dirty name”. Even if delaying, even for a few days, is not good, the Consumer Protection Code guarantees that you will have ten days after the expiration date to settle your pending issues before being included in any registration.

In the meantime, you must be informed of the situation by the loan company. After paying the amount, your name is removed from the register within five days. The situation may not look like the scene of Cersei walking naked in the Game of Thrones walk of shame (oops, spoiler!), But the feeling of the person who has the name included in the debtor banks is as if everyone knows about their own . secrets. And it can have consequences …


Bad history, lowest score

credit score

If you do not pay the personal loan, that information will be recorded, in pen, not pencil. Years may pass, but your name will be noted there. If you need something up front, the company will consult this “score”, a report that shows not only a score, but also your debt payment behavior. Overdue loans lower this score value which reduces the chances of getting new products. The world of turns, no?


Restricted credit

Restricted credit

Another of the big losses of those with a dirty name is the credit restriction, which can be a tremendous headache for people who plan, for example, to finance a property or car. Before granting you money, the company, even if it is not the same for whom you did not repay the loan, will consult the default records. Even to install credit card purchases, the delay of the loan can be a problem.


Interest on late payments

Interest on late payments

Every time you do not pay a installment you will have to bear the so-called default interest, a percentage fee charged according to the delay time. This means that the initial planning you had done to pay a certain amount will no longer be accomplished. It will become more and more expensive not to settle this account, which leads us to the fourth reason why we should not delay loans.



As long as you do not pay the loan, interest will accrue. And as the rate accumulates, the value of the debt increases, which can make the account priceless. The result: charging interest can dramatically increase your debt. So it is best to keep financial commitments up to date so as not to end up with even greater debt.


Judicial collection

credit score

The next step after having a dirty name is to be charged judicially. a company’s right to collect the debt in court. This can mean years of legal strife and, in the end, the amount will have to be paid.


Public tenders

money loan

Having a dirty name is not an impediment to taking public office, but public financial institutions can make this restriction, already placing it in the notice. There is usually a deadline for the person to rectify the situation. But why leave to pay tomorrow what you can pay today, right? Of course, if you have doubts on how to organize finances, count on us! We have the application that helps you and the service channel for you to answer your questions. 

The ideal loan to relieve your finances

Did the end of the month pass, it was not possible to pay all expenses and the bill remained in the red? Overdraft and credit card have even become your best friends. You can’t continue like this, right? If just cutting expenses is not enough to balance your budget, the best alternative is to ask for a helping hand for a loan. With the money in the account, you pay off everything you owed and get a small interest rate, very fair for your pocket. Nowadays it is quite easy to hire online, but did you know that you have thousands of types of credit? A wrong choice when it comes to hiring and you can go back to what you were trying to keep away: the snowball. Be very careful at that time! The big secret for this not to happen is to think of the loan as if it were a product that you need to buy. You can’t just take home the first thing you find, right? Searching for prices, offers and the best payment methods is always good. And with a loan it’s the same! In addition to the different rates offered by the institutions, there are also some types of credit with particular characteristics, which must be considered. Therefore, it is always good to understand the positive and negative points of each one of them. And in this task, we help you!


Secured loan

Secured loan

Remember when you asked yourself if it would be worthwhile to put the car as a guarantee for the loan ? This is a well-known type of credit, as interest rates are usually low due to having a safeguard in case of non-payment. Another advantage is the possibility of negative people receiving an offer – but that will depend on the analysis that the financial institution does, ok? Despite this, we also have to consider that there are several rules for the good to be accepted by the creditor – very old cars, for example, can hardly be placed as collateral – and that, if you do not pay the installments, you will rather lose it!


Payroll loan

Payroll loan

If you don’t like to risk something of yours, you can think about the payroll loan! Like the previous one, he usually has small interest rates, since all installments are deducted directly from the payroll, even before the salary, retirement or pension reaches his hands. This brings much more security for you, who do not have the chance to be in debt, and for the creditor, who is sure of receipt. But remember that there is a limited amount of 35% of the income that can be offered. In the case of this type of credit, specific care must be taken! As it is not you who make the payment of the installment but the automatic debit, it is easy to forget that it exists, right? Thus, there is a danger of spending the way you used to and, when your salary drops, realizing that you don’t have enough to pay the bills. Don’t forget to follow a financial plan and always put the loan on it! Oh, and remember that not everyone has access to payroll. Generally, this credit is offered to formal employees, retirees, and civil servants.


Personal loan

1. Know the issuing bank

That third guy is that big guy! You apply for a loan with a financial institution, it analyzes your payer profile and gives you an offer according to the assessment made. Then, it’s up to you to pay the installments every month – otherwise, the name gets dirty in the square and interest can turn into a snowball, see? Many companies offer automatic debit option as well. As in the other two, in this case it is very important to research the fees charged by the institutions, since each penny less already makes a big difference in the end. At Lite Lending , the Good Lenders partner, for example, as the interest is fully personalized and the entire process is done online, the interest offered is very low (starts at 1.9% per month)! Now, with all these answers, it will be much easier to achieve the success of your business! But don’t forget that, even with the right choice, all attention is necessary, ok?

Cheap small loans without Credit Bureau.

Everyone has undoubtedly already experienced that a financial bottleneck sometimes occurs. In such a case, the friends or relatives can often help out. However, for some it is not feasible to ask friends or relatives for a certain amount of money. And a Credit Bureau entry or a poor credit rating make it difficult to obtain a loan from his normal bank, the credit rating is correct and, on the other hand, there must be no entry with the Credit Bureau. However, this does not mean that all the options are exhausted. What many do not know – even with poor creditworthiness and without Credit Bureau information, you can get a loan.

Cheap small loans without Credit Bureau – what you have to consider

Cheap small loans without Credit Bureau - what you have to consider

Most importantly. that the loan repayment can be made in the smallest possible monthly installments. Remember that there are other things to finance your income apart from loan repayment. Low interest rates and good conditions are essential for financing. Many borrowers want a loan that is as adaptable as possible. This includes special repayments without additional costs or the possibility of being able to stop repayment for a month. All of this must include sustainable financing on the subject of cheap small loans without Credit Bureau.

However, keep a few things in mind so that nothing stands in the way of your credit as an employee, unemployed, trainee, pensioner, self-employed or student:

1. Only set the loan amount as high as absolutely necessary

The general rule is: anyone who has considered the topic of cheap small loans without Credit Bureau should assess the funds required as precisely as possible right from the start. Anyone planning such a project must make a list of all expenses beforehand in order to always have control over their finances. It would undoubtedly not be wrong to plan a small financial cushion, whereby the emphasis is on “small”, because if this buffer is too large, this would lead to high liabilities. Therefore, it is sensible not to raise more funds than are needed. The better way is to compensate for the underpriced needs by means of follow-up financing in the form of follow-up or top-up financing.

2. The structuring of his finances

If you need a loan for cheap small loans without Credit Bureau, you first have to realistically assess your financial situation and keep a close eye on your own income and expenses. Here, for example, a list of all expenses for a week can be a valuable help: So it is listed every day exactly, for which things how much money was spent. So that no hidden costs are overlooked, even small expenses, such as morning coffee at the bakery or after-work beer in the pub, should be taken into account. This means that it is not only possible to judge where something can still be saved; the list also helps in assessing the correct credit rate.

3. Be careful and conscientious

It is important to be careful, accurate and honest with all information about your own financial situation and creditworthiness – be careful, accurate and absolutely honest with all information about your financial situation and creditworthiness when it comes to cheap small loans without Credit Bureau. You should allow yourself enough time to put all the documents and evidence together. The complete and honest presentation of your finances gives you a serious impression, which in turn has a positive effect on your chances for an express or instant loan.

How professional credit intermediaries work

The main activity of an intermediary is basically to help you find a cheap “loan without Credit Bureau” at a German or foreign bank. In detail, however, the activity can also go beyond the scope of a mere placement and can be supplemented by debt counseling. One of the tasks of a reputable loan despite Credit Bureau intermediary is to show you the advantages and disadvantages of a financing offer and to help you compile the application documents.

Advantages or disadvantages of loan brokerage

Advantages or disadvantages of loan brokerage


  • Good contacts also to lesser known banks and banks
  • Comprehensive advice before submitting the application
  • Obtaining loans even with poor credit ratings
  • Assistance in compiling the application documents
  • Reasoning aid for large amounts of funding or complicated personal circumstances
  • Good chances of cheap loan interest


  • Risk of obtaining loans that are too expensive
  • Possible costs of brokering credit
  • Dubious offers are not always immediately recognizable
  • Risk of procuring overpriced loans

The contribution loan for pool is also worth reading

As a result of the good business relationships that many intermediaries maintain with lesser known banks, there are very good chances of getting more effective conditions for cheap small loans without Credit Bureau. It is often possible to negotiate even in complicated cases. Good personal connections to small banks pay off in that the intermediary can, for example, declare an adverse Credit Bureau entry. Then the entry in terms of creditworthiness is not as important as at a large bank, where the granting of the loan is mostly automated. Such an application for a loan to cheap small loans Without Credit Bureau would have no chance at a normal bank.

How to recognize reputable and dubious credit intermediaries

First of all: A mediator who is reputable always acts in your interest when it comes to cheap small loans without Credit Bureau. In principle, you as the applicant do not incur any costs for its services because it receives its commission from the bank.

Four criteria by which you can recognize a reputable intermediary:

  • The company owns a website including contact details, address and imprint
  • There are no costs for arranging financing
  • When you call, the office is actually reachable and {awakening the conversation partner} makes a serious impression
  • You will receive specific information about terms, debit and effective interest, and loan amount

A dubious mediator can be recognized by these factors

  • Documents will be sent cash on delivery
  • Offers in the form of a financial restructuring
  • Unregistered home visit
  • The charging of a fee regardless of the conclusion of the loan agreement, but only for the consultation
  • You are promised 100 percent loan approval
  • Financing depends on taking out residual debt insurance
  • Calculation of expenses or additional costs
  • Urge for the signing of the agency contract

Which is why foreign banks are a good option for cheap small loans without Credit Bureau

More and more people are taking out loans from foreign credit institutions because they are planning a longer vacation trip, want to reorient themselves professionally, or simply need a new car. In addition to the conventional route to the house bank on the corner, consumers have now also the option of taking out loans from foreign institutions via the Internet. Advantage: The guidelines for lending are not as strict in Germany. A negative Credit Bureau entry or poor creditworthiness therefore only play a minor role in cheap small loans without Credit Bureau. It is generally Infrabanks that grant loans that are brokered online. This circumstance is primarily of interest to those consumers who need a financial injection particularly quickly and have already been rejected by Cream banks. For example, this includes students, the self-employed, pensioners, trainees, the unemployed or employees during the probationary period. With regard to cheap small loans Without Credit Bureau, especially these people have a hard time getting a loan.

The benefits of a Swiss loan

Individuals who need a loan because of their precarious financial situation often find it difficult. The chances of financing are significantly reduced in terms of debt or poor creditworthiness. In these cases, a so-called “Swiss loan” can be a sensible alternative. This is a loan granted by a Infrabank. A negative Credit Bureau entry is irrelevant to these institutions, since no request is made in principle, which makes the loan search extremely easy. In relation to the topic of cheap small loans without Credit Bureau, this fact can be considered almost ideal.

Obtaining a loan without a credit check as well as various collateral and proof of income is logically not possible even with Swiss institutions. However, if you have a fundamentally positive credit rating and an entry in Credit Bureau is the only problem with financing, the Swiss loan represents a realistic chance for cheap small loans without Credit Bureau.

Cheap small loans without Credit Bureau: how it works

Cheap small loans without Credit Bureau: how it works

Many who are looking for cheap small loans without Credit Bureau or “despite moderate credit” on the Internet usually mean a “loan without Credit Bureau”. However, the creditworthiness is checked in the same way by all renowned credit providers. Because apart from the Credit Bureau, there are also other credit bureaus that offer this service.

Credit Bureau is by far the largest and best known credit agency in Germany. Therefore, almost everyone has a scoring with her. If you have a credit card or have opened an account with the bank, such a credit rating has already been created for you. You cannot get a “loan without Credit Bureau” from a reputable bank. So to speak, only a “loan despite Credit Bureau entry” is possible. The majority of consumers mistakenly believe that they have a “negative Credit Bureau entry”. In contrast, the statistics show that the vast majority of entries are positive!

If you are planning to submit a loan application, it is best to check in advance whether the approval of your application by the bank could cause problems, as the score index may be so bad. Once a year, Credit Bureau grants both private individuals and companies a free query of the “Credit Bureau Score”. If you want to find out what personal data is stored at the credit reporting agency, you can obtain a so-called self-disclosure from the credit reporting agency since 2010. In principle, you are entitled to this information free of charge once a year in accordance with Section 34 of the Federal Data Protection Act (BDSG). To do this, you can primarily call up your personal score index (Credit Bureau score), but you also receive information about whether someone has made a request about you in the past few months. You can request your data from “MeineCredit Bureau” at any time. Your scoring depends on various “ratings”. These ratings can range from 1 to 100. In the event that someone has a score of 100, this means that an extremely low probability of failure is to be expected. On the other hand, if someone only has a score of 50, for example, Credit Bureau assumes that payment problems can sometimes be expected.

Tip: This is how you can have a negative Credit Bureau entry deleted

Tip: This is how you can have a negative Credit Bureau entry deleted

An invoice is due and you overlook the fact that you have to pay it on time. Be it through no-fault, short-term financial bottlenecks, due to a longer vacation or by moving with a new postal address. Even an unpaid mobile phone bill can sooner or later lead to problems. The funding application that was made is rejected because of an adverse Credit Bureau. If there are reminders or even payment requests and thus a reduction in the score, this can have an effect on the application for a loan, as I said.

However, as a consumer you can have a bad entry deleted at Credit Bureau. The information stored at the credit agency is often no longer up to date and is therefore outdated or simply incorrect. As a consumer, you should definitely exercise your right to self-disclosure in order to have entries that are no longer current eliminated. It is sufficient if a deletion is ordered from the credit agency. However, the condition is that the claim must not exceed USD 2,000 and must have been paid within six weeks.

Deletion of Credit Bureau data – your data at Credit Bureau

The Credit Bureau data is automatically eliminated after a certain period of time without you having to do anything. For example, this happens with:

  • after exactly one year for information about inquiries; This information will only be passed on to Credit Bureau’s contractual partners within ten days
  • for loans exactly to the day, 36 months after the year in which the loan was fully repaid
  • for information about outstanding claims, each after a period of 3 full calendar years (this means, at the end of December 31 of the third calendar year that follows the storage)
  • for mail order or online purchases, provided that the claims have now been settled

Which is why a Swiss loan is a good alternative

Individuals who need a loan because they are in a precarious financial situation often find it difficult. The chances of financing are significantly reduced due to debts or poor creditworthiness. In such a case, a so-called “Swiss loan” would be a sensible option. This is a loan that is granted by a Infrabank. Since such institutes do not carry out Credit Bureau queries, there is no obstacle in the search for loans. This is especially ideal when it comes to cheap small loans without Credit Bureau.

Of course, you also need certain proof of income and collateral for a loan from Infrabanks, whereby a credit check is also carried out before the loan is granted. With an acceptable credit rating, the Swiss loan is a realistic alternative for cheap small loans without Credit Bureau, even if you have a negative Credit Bureau entry.

What is the “APR”

For cheap small loans Without Credit Bureau, the “effective annual interest rate” or “effective annual interest rate” is also decisive. The “effective annual interest rate” is used as the basis for the cost of a loan, in each case based on the nominal loan amount. Depending on the payment, it is specified with a fixed percentage. For loans whose interest or other price-related criteria can change during the term of the loan, this interest rate is referred to as the initial “effective annual interest rate”

When financing is released, a fixed borrowing rate can also be set for the entire term. This means that the nominal interest on which the “loan” is based remains unchanged, even if interest rates rise on the capital markets. A fixed debit interest rate gives you as a credit customer planning security. The interest rate on the “loan amount” therefore remains unchanged throughout the credit period. In this way, you are completely immune to the unpleasant surprise of a rate hike.

What does the loan term mean

The respective loan terms granted to the borrower have a major impact on the loan term of a loan. A long “loan term” means that the borrower has to pay smaller monthly installments than is the case with a short-term loan. It can therefore be worthwhile to consider the different options with regard to the loan term. However, not all maturities are offered for all loans.

What exactly is the term of the loan or loan term? In short, this is the time interval between the payment of the loan amount and the full payment. In principle, the duration depends on the one hand on the amount of the nominal interest and on the other hand on the repayment. Mainly the amount and number of installments are of significant importance for the term. The smaller the monthly installments, the longer the repayment of the loan amount and thus the loan, including processing fees and interest. There are also special loans with very long terms (at least 5 years). These are called long-term loans.

What are the loan fees

Loan fees are often also referred to as processing commission, loan processing fee, closing fee or processing fee. These fees are mostly the costs that the credit institution was allowed to bill until 2014 for the effort required to process an application for a loan or a loan request. The calculation of the “loan fees” for preparatory work for a loan application, including the determination of the borrower’s creditworthiness, was declared illegal in May 2014. Explained precisely, this means that fees for processing a loan application (on average 1 – 3 percent of the loan amount) may no longer be charged since 2014. If various borrowers have been charged such a fee for the loan request or application, they generally have the right to request reimbursement of the costs.

What is a lender

What is a lender

The lender can act as a company or as a private individual. He grants a loan to the borrower or borrower for a certain period of time at an appropriate interest rate. Legislation generally speaks of the “lender”. {Other common names} are also “creditors” or “lenders”.

Granting a loan is always a major risk for the lender as the loan could default. Therefore, higher interest rates are usually charged for this. The lender is usually a bank, a savings bank, a building society or an insurance company. The rights and obligations of the borrower are regulated in the BGB (Civil Code).

What is the monthly rate

Borrowers who have received “bad credit” loans must also repay them as individual monthly installments. A central component of the monthly installment is the interest rate for loans. This interest rate is based on the current, typical market prices for which the financial institution obtains money on the capital market. It then passes this interest on to the borrowers – usually at a premium.

The “monthly installment” for loan repayment is another component. In principle, the borrower determines the number and size of the repayment, specifically with regard to his economic circumstances. As a rule, the repayment for longer-term loan contracts is 1 percent annually. Should the loan amount and thus the loan amount z. B. are repaid in a shorter period of time, a higher repayment is fixed. Then, of course, according to the repayment, an increased monthly charge can be expected.

Interest and repayment are the main factors that make up the monthly installment for loans. In addition, the brokerage commissions of the credit intermediaries and the processing fees of the banks are comparatively often included in the monthly installment. Normally these costs are taken into account in the interest rate, on the other hand they are part of the total monthly loan.

What is a debt rescheduling loan

As soon as someone plans a debt rescheduling, he tries to get a loan with a lower interest rate to pay for an expensive loan. This loan is then called a debt rescheduling loan. Debt restructuring is also an option if different loans are to be merged into one. It is therefore absolutely not a question to disclose more than one loan when rescheduling. The “debt rescheduling loan” is then no longer applied to the previous bank, but to another. Nevertheless, the loan for a debt rescheduling can in turn be applied for from the same bank.

The real meaning of a debt rescheduling is therefore that after taking up your new loan you have less financial expense than before – that’s why the debt rescheduling loan. Even if the interest is only slightly cheaper, it can mean that you will ultimately save a nice amount of money.

What is the total loan amount

The total loan amount includes all fees that the customer must repay to the financing bank for a loan. Consequently, this is not just the amount of the loan owed, but the total amount, including the ancillary costs, that the customer repays to the financial service provider during the repayment within the agreed loan term. In addition to the pure loan amount, there are any commissions or processing costs as well as the interest rate to be paid. The deviation from the nominal amount of the loan therefore results from the additional fees and expenses.

{The cost} for residual debt insurance that may need to be taken out to cover the loan amount is also part of the total loan amount.

What is the loan amount

If the borrower is approved, the loan amount will then be paid out net. The payout may be lower because the “loan amount” is not paid out in full as a total amount. This also applies to a loan or a “Swiss loan”.

It does not matter whether the borrower is a private person or a commercial enterprise, the bank will always check the existing income or current earnings situation before the application for the loan amount is approved. The actual amount of the loan amount is only a secondary consideration. The applicant’s income is checked in the same way for a loan amount of USD 500.00 as for a loan amount of USD 10,000.00.

There is generally a fixed agreement for the repayment of the monthly installment for the loan amount within a specified period of time. Without exception, these credit terms are laid down in the loan agreement. In the event that the borrower has the corresponding income, he can also repay the loan amount before the contract expires with special repayments. In the event that you want to know whether these special repayments are offered free of charge or are subject to fees, you have to check the loan agreement. After the last installment for the loan amount has been repaid, the contractual relationship has expired in principle. Approval of a fresh loan amount must in turn be specified in writing by the borrower with the bank.

What are the credit rating criteria

What are the credit rating criteria

Without an assessment of creditworthiness, there is no loan. The credit rating is based on the result of the credit check and determines the surcharges on the loan. The result is particularly dependent on the “creditworthiness criteria”. If the credit rating is positive, relatively low interest rates are charged. If the different criteria of the credit check provide a good result, it is certainly very advantageous for the borrower. Each bank usually has its own credit rating criteria, which mostly differ significantly from those of other financial service providers. These credit rating criteria apply to every borrower and are practically identical for every bank.

  • What is the amount of income?
  • What is the employment relationship like?
  • Is the borrower a manager, officer, or contract agent?
  • Who’s the employer?
  • Where is the applicant’s place of residence?
  • Are there entries with the Credit Bureau or other credit agencies?
  • Does the borrower keep a household ledger with an expense report?
  • Are there assets in the form of land or buildings?
  • What is the marital status?
  • Are there existing guarantees and loans?

These are the prerequisites for cheap small loans without Credit Bureau

In order to positively influence the decision of the loan broker for your loan, you have to meet the following requirements:

  • Legal age
  • German address
  • Account with a domestic financial institution
  • regular monthly income
  • sufficient creditworthiness
  • for dedicated loans, collateral such as real estate or a car

There is a certain loan that some credit brokers usually have with an unfavorable credit rating. This is the so-called credit private or personal loan. In this case, “lending money without Credit Bureau” does not work through a conventional financial institution, but through one or more private individuals.

Tips and advice regarding cheap small loans without Credit Bureau

It is important to consider carefully whether it is actually possible for you to pay back a loan with a bad Credit Bureau score or an unfavorable Credit Bureau on Heller and Pfennig without significant problems. Because if the bank rejects a loan application, this usually does not happen without reason.

Remember: It is one of the primary business criteria of the credit banks that as far as possible all loans that {consumer borrow} are repaid on time, in full and with interest. Financial service providers are naturally very interested in granting loans. If an application is still not accepted, the evaluation of the creditworthiness has shown that the payment behavior in the past was so insufficient that a timely repayment of the monthly installments cannot be expected in the future. Even if the Credit Bureau is sufficient, the loan application may be rejected. This is the case if the necessary financial means are insufficient or the minimum income is so low that the loan cannot be repaid.

It is therefore necessary to compare the total income with the expenses before applying. Only then should you make the decision whether to apply for a “loan without Credit Bureau”. This is a very good way to check beforehand whether the loan can be repaid without any problems or whether there may be problems afterwards. be sure to keep in mind that there are always surprising situations that can delay or even prevent timely repayment of the loan amount. It would be possible that the fridge suddenly becomes defective, the car has to go to the workshop urgently, or a surprisingly high payment request from the tax office suddenly flutters into the house.

Anyone who is smart can get advice from their credit advisor on a “loan with Credit Bureau entry”. If necessary, he will assess your financial situation together with you and will also help you to find the right offer. So you do not fall into a debt trap, which can easily happen with a carefree “taking out a loan despite Credit Bureau”. The advice given to the loan broker also includes “debt restructuring despite Credit Bureau”. This means that different loans are merged into a single loan.

If you have the impression that the bank is illegally refusing you a “credit with Credit Bureau” or a “credit with Credit Bureau entry”, it may be possible that your Credit Bureau score leaves something to be desired. to be able to access it free of charge and ask for the removal of outdated or incorrect data if necessary.

Find out how easy it is to borrow money


Whoever has not said this to himself, to his friend, his partner or someone in the family: I need to pay my bills, a loaned money would be very good for me now.

Is it easy to borrow money?

Is it easy to borrow money?

This does not seem like an easy answer. Most people are on edge with their daily bills. Almost nobody has extra money to borrow. Everyone is in the grip. You’ve tried friends and family, but no one has been able to help you. What can you do? Everyone knows that it is very difficult to get loans from banks, and from credit companies. They are extremely bureaucratic. They want to know everything about your life, they search your debts, debts, credits, your age, bank account time.

You have to get around to them, be interrogated by an attendant, often be poorly attended. Sign contracts with strange clauses and interest above the market. And if your name is dirty then it’s over. This is an impossible barrier to overcome. Well in fact it was, today a lot has changed.

How to borrow this money?

How to borrow this money?

– must be over 18 years old;
– bank account to receive the borrowed money;
– fixed income per month;
– you don’t need to have a clean name.

Lender understands that adverse situations happen, no one is immune. So the solution must be prompt service, without bureaucracy.

What is the maximum amount of money I can borrow

What is the maximum amount of money I can borrow

Lender aims for quick loans, so that you can solve a problem that needs immediate cash. So your credit line goes up to $ 50,000.00. It is a value that can help you at that moment, so you have more time to organize yourself financially and use that money as a solution.

How much time do I have to pay the borrowed money?

How much time do I have to pay the borrowed money?

You will have up to six months to repay the loan. Do your math, and see what’s best. Perhaps two months, or four months to repay the borrowed money. If you need more you have up to 180 days, that is, 6 months to withdraw the amount borrowed.

It is a very satisfactory deadline. You have time to organize your finances. See your financial priorities, account for and decrease your spending. Keep in mind that you need to raise that money to pay off that loan. That way, here when you pay on time, become a loyal customer, and you can apply for larger loans.

Where and when can I borrow money?

You can apply at any time of the day, you can even receive the money on the same day. It is very practical. You can apply for personal credit via your mobile phone in five minutes from your home, or work, or in the car and the subway. The entire process is done online, without bureaucratic procedures.

You don’t have to get around to apply for the loan online to anyone. You do not need to give explanations, without the need to expose yourself, to answer personal questionnaires. Everything is done to ensure your security and privacy and when receiving the money it is deposited directly into the bank account you provided.

Make an online loan simulation.

Make an online loan simulation.

It is very quick and easy. Here you will find a loan suited to your need or desire. Access the Lender link: online loan and make a simulation of the amount you need and how long to pay. If you agree with the simulation, just fill in some data (name, surname, ID, email and cell phone). Within hours, you receive approval information and the money borrowed from your bank account.

Don’t waste time do it today. Still have doubts? See the most frequently asked questions from our customers, and be safe in borrowing money with us.