What is credit rating? Creditworthiness is the ability of a borrower to repay the loan taken out in good time. Especially in banking. Because every requested bank checks before granting the requested loan whether the prospect will be able to repay the desired loan together with all due interest due to its current financial situation. There are also special organizations that collect data on the solvency of different people and organizations and also disclose them at the request of, for example, banks. And they also operate with this term. What else is there to say about this term? Decisive for the classification of the respective prospect as creditworthy is usually…

Quickly get liquid funds again by taking out a loan Sometimes, due to a scarcity of financial resources, it may be necessary to quickly get liquid funds again by taking out a loan. An example of a situation in which such behavior makes sense would be to take out a loan to balance the overdrawn account and thus avoid expensive overdraft interest. Even the acquisition of unscheduled and expensive things that are essential for life can lead to the inevitability of taking out a loan. Bank examination Before a bank or other credit institution approves the granting of a loan, the latter usually gets an overview of the financial situation…

The tax on a loan is a tax that you must pay in connection with a civil law contract, such as a loan contract. It amounts to 0.5% of the tax base, in other words, the amount you borrowed. The obligation to pay tax arises when the loan is granted privately, and therefore not by companies dealing with such activities on a daily basis. In many cases, this means that you must pay tax on the money borrowed from a family member or close friend. Taking out such a loan, it is very easy to forget about it. You also have to pay tax on the loan, if it has…

    The solution of buying back credits consists of grouping several loans into one. What natures are they? Can I take the opportunity to request additional funds? Credits that may be included Two kinds of loans can be included in a loan repurchase. The first are so-called amortizable loans. The second are called revolving, commonly used to finance purchases within a store, through reserve of money. Depreciable loans The majority of loans granted by banks are repayable. It is by definition a loan spread over a defined time. During this period, you repay both the principal and the interest. Those are the : Home loan Ready for consumption (for…

People who run their business and settle on the basis of VAT often have doubts about the conditions for using the loans. Although there is currently no problem with obtaining financial support for entrepreneurs, and non-bank loans are granted on an easy basis, the problem may be their settlement. Is such a loan subject to taxation and in what situations should VAT be paid from it? Providing business loans Entities conducting activity based on the provision of financial services are required to pay VAT. The granting of interest-bearing loans is a form of capital enrichment, which is why tax must be paid on such activities. However, problematic issues arise when…

Try to arrive at the interview place 10 minutes before the interview begins. Your discipline about time will make a plus for the bank if you are the type who values ​​time, and certainly it will always be on time to pay the credit installments they lend.   Neatly dressed Some say that dressing neatly is the same as respecting yourself and others. So it is advisable to dress neatly while attending an interview. Clothes do not need to be expensive, which is formal. In addition, appear neat also gives a plus because of course you can also be relied upon about financial arrangements.   Confidence You have to be…

Non-bank companies are characterized by the use of simplified formalities. In addition, in most cases, the entire loan process is carried out over the Internet, which significantly reduces the time it takes to receive money. However, customers must take into account the necessity of completing the necessary formalities. What documents are needed to get a loan? What data do I need to provide in the application? The first step to getting a loan is to complete the application. In this case, an ID card will be required, as it will be necessary to copy the required personal data from it. On this basis, lenders verify their clients and verify their…