Loans for modernization – How to modernize properly


If you have property in the form of an apartment, a house or a rented property, it must always be maintained. It is then often necessary to install new heating or new windows. This is part of the modernization of a house. An explanation over at

If you have rented the property, you can transfer these costs to the rent. If you live in the house or apartment that is to be modernized, you have to bear the costs yourself. The fact is, however, that when modernizing, you always have to pay the costs and can only get these reimbursed through the upcoming rental payments.

What to do if there is insufficient equity capital for the modernization?

What to do if there is insufficient equity capital for the modernization?

In such a case there are loans for modernization. However, these are usually offered by banks and lenders more cheaply than an installment loan. In addition, they can be obtained in small amounts from $ 2,500.00 in loan money. This is not the case with mortgage lending, for example.

For a modernization loan, it is usually sufficient to present the last three salary certificates so that the lender can grant the application. An entry in the land register is usually not required by the bank. If this is the case, a comparison can also be obtained from other credit institutions. Because the costs for notary and registration are then borne by the borrower and can be avoided.

What is the cost of a modernization loan?

What is the cost of a modernization loan?

The cost of modernization loans is definitely cheaper than a normal installment loan. Depending on the term, which can be between 10 and 15 years or longer, between 3 and 4% APR will be due on the loan amount. This varies from bank to bank. Therefore, you should compare several banks in advance and then choose the cheapest one, which does not necessarily have to be your own bank. If the term is longer, the annual interest rate is also higher.

If you can cope with a shorter term, the entire loan is also cheaper due to a lower effective APR. You can also apply for a loan for the modernization if you have not signed a home savings contract. However, the bank may require such a degree when applying for the loan for security reasons.

Social security multi-year loans

Multi-year direct government agency / social security loans

Multi-year direct government agency / social security loans

Multi-year direct government agency loans are intended for pensioners and civil servants who are registered in the unitary management of credit and social benefits.

They can be requested to face family and / or personal needs and can have a duration of five years or ten years (in the first case they will be returned in 60 monthly installments, while in the second case they will be returned in 120 monthly installments).

To access the loan, it is necessary that the members of the Unitary Management of Credit and Social Benefits have at least four years of retirement useful for the pension and have paid contributions to the Management for no less than four years; for those enrolled in service, however, the indispensable requirement is an open-ended employment contract.

How to get direct loans

To obtain direct government agency multi-year loans, it is necessary to send the application electronically through the social security Multi-year Loans Web Questions service, as established by Presidential Determination number 95 of 2012, attaching the various documents required.

Those enrolled in the service can submit applications through the administration they belong to, while pensioners must refer to the Reserved Area of ​​the social security website using their PIN. The attached documentation must certify the state of need, a medical certificate of sound physical constitution and any expenditure.

Costs and expenses of direct loans

The transferable portion must be equal to or less than one fifth of the pension or salary. An interest rate on the service is applied which is equal to 3.50% per annum, to which must be added a 0.50% for administration costs. The loan is repaid from the second month following the month in which the loan is granted.

A pending transfer cannot be renewed if a certain period of time has not elapsed since the transfer was initiated: this period is four years for ten-year loans and two years for five-year loans.

In any case, a ten-year loan can be requested before two years have elapsed since the start of a five-year loan, but on condition that the applicant has not in the past used other ten-year loans.

In the presence of a new concession, the one envisaged is extinguished in advance, while the quota of the compensatory premium is returned with a compensation with the premium due with respect to the new operation. At any time, however, it is possible to resort to the early repayment of the social security government agency multi-year loan by paying the residual debt : in this way, the applicant obtains the portion of the provision for risks relating to the “eliminated” period.

Guaranteed multi-year government agency / social security loans

Guaranteed multi-year government agency / social security loans

The guaranteed government agency multi-year loans are loans insured by the social security for Public Employees Management against a series of risks, which include the reduction of the salary, the death of the member before the extinction of the assignment or the termination of the service which involves the absence of the right to pension.

These loans, like direct loans, can have a five-year or ten-year duration and are characterized by the same repayment methods (60 installments or 120 installments as appropriate), unless the applicant is left with a shorter period of service for the obtaining the right to a pension. In this circumstance, it is not possible to apply for a loan of longer duration than the period between the granting of the loan and retirement

Loans guaranteed by social security are paid off with salary deductions made every month up to one fifth of the monthly salary.

How to get secured loans

To obtain the government agency multi-year loans (today social security) guaranteed by social security, it is necessary to submit the relative application (multi-year guaranteed loan application form) to the administration of belonging in four different copies referring to the specific models made available by the institution: ‘you need to attach any type of expense voucher or other documentation.

The application must be accompanied by a medical certificate of sound physical constitution, which can be provided by a doctor appointed by the same administration, by a doctor on duty or by a doctor of the ASL, but in any case no later than 45 days before.

The application for the social security multi-year loan is sent by the administration of belonging to the lender, who also receives the demonstration declaration of the salary and returns the documentation to the administration after completing the contract proposal, which is sent to the social security Management of Public Employees .

How secured loans are calculated

The calculation of the guaranteed government agency long-term loans is made by multiplying the monthly installment – which corresponds to the transferable portion – by the number of monthly installments according to the duration of the loan. Net of social security withholdings, the transferable portion cannot be greater than one fifth of the salary, while the measure of the interest rate changes as it is decided by the financial companies and credit institutions. The latter are required to indicate the APR in a clear and transparent manner: otherwise, the application is rejected.

It should be taken into account that the administration fees and interest that are applied by the credit institutions, as well as a compensatory premium for the risk of insolvency in favor of social security, are included in the gross amount of the concession. This premium corresponds to 3% for 10-year loans and 1.5% for 5-year loans.

Finally, the concession also bears a sum relating to administration costs, equal to 0.50%. In the event that the applicant can be placed at rest over the age of 65, the compensatory premium measure is increased by 4% for 10-year loans and 2% for 5-year loans.


government agency multi-year loans (today social security), therefore, are loans that differ from the small social security / government agency loan and are intended for civil servants and retirees who guarantee the possibility of facing small or large expenses in a simplified way. The social security website is the portal to refer to for more detailed forms and information.

From what borrowed amount is it interesting to go through a broker?

 The real estate broker is an intermediary responsible for negotiating the best financing terms for his client. He accompanies and advises him in his loan application.

From the calculation of borrowing capacity to the release of funds, the broker intervenes at all stages of the mortgage. In which cases is it wise to go through it? What are the advantages for the borrower? All the explanations.

Applying to a broker: the benefits

Applying to a broker: the benefits

The broker’s mission is to find you the lowest rate, the most advantageous conditions and the best guarantees. For this, he relies on his wide network of partners and his knowledge in the banking field. Due to the large volume of loans it brings, this professional can negotiate directly with real estate centers and lending institutions.

In addition to obtaining a preferential rate, the broker is able to give you personalized advice and accompany you throughout the subscription. This can be particularly interesting if you have an atypical profile (CDD, no contribution, etc.).

Appealing to a real estate broker finally saves time. Indeed, this intermediary is in charge of carrying out all the steps related to credit for you.

The use of a broker is not always useful

The use of a broker is not always useful

However, some borrowers will not find a more advantageous credit offer through a broker. This is particularly the case for those with low incomes (for example, a couple earning between 3,000 and 3,500 USD per month). In this situation, the broker can contact specialized organizations but is not sure to obtain a significant decrease in the interest rate. The risk for the plaintiffs is then to commit to a loan that is too high with a longer repayment period.

Thus, there is no precise sum from which it is interesting to use the services of a broker . It depends more on your profile and your financial situation. In any case, this professional can help you determine what are your chances of obtaining a mortgage and at what rate.

How much does a loan broker cost?

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Some real estate brokers are directly remunerated by banks and therefore do not claim any brokerage fees from clients. Others charge a processing fee when subscribing for the home loan, the amount of which generally corresponds to 1% of the capital borrowed, plus brokerage fees. In any case, all the fees paid by the borrower appear on the standardized information sheet (FSI), which must be given by the bank with the credit offer.

It is not uncommon for brokers to fail to inform their clients that they will have to pay fees to their bank. All this information must be clearly mentioned in the proposal or the mandate signed with this intermediary.

Loans Without Payroll: Are They Possible?

Loans without paycheck: conditions and options available

Loans without paycheck: conditions and options available

Loans without paychecks are, in theory, available to everyone, moreover, sometimes the company sends confidential invitations, sent in paper form, to selected ad hoc subjects to whom specific offers are offered with special conditions.

In general, however, these loans without paychecks necessarily require the presence of a guarantor, while it is not possible to obtain them by guaranteeing real estate.

So, to answer the question of whether you can get loans from despite not having a paycheck, the answer is yes, as long as you have a guarantor with good financial strength behind you, because unguaranteed loans are unfortunately a utopia.

Here are therefore the three formulas of personal loans that can be used, corresponding to as many offers:

  1. the Easy loan;
  2. the Jump loan;
  3. the Total Flex loan.

The Easy loan

The Easy personal loan is an example of the loans without paycheck which guarantees, to those who benefit from it, the maximum possibility of personalization : on the other hand, this formula can be combined with the Jump option, in case you need to postpone the payment of an installment, or with the Change option, if you wish to change or reduce the amount. The Easy loan is divided into four possible variations:

  • Easy Classic;
  • Easy Change;
  • Easy Jump;
  • Easy Flex.

Easy Classic is nothing more than the basic version of the loan without paycheck and does not allow you to take advantage of modification or flexibility options, providing the guarantee of an installment that cannot change and that, for the entire repayment period, it always remains the same.

Easy Change, on the other hand, allows you to add the Installment Change option, by virtue of which the installment can be reduced at no additional cost whenever you wish, for a maximum of five times: in this way, obviously, the duration of the refund is lengthened.

Easy Jump offers the Skip Installment option : in this case, you can skip the payment of an installment, always at no additional cost and whenever you wish for a maximum of five times, so that the payment itself is postponed to the end of the term.

Finally, here is Easy Flex, which offers the opportunity to combine the option Change Rate and the option Skip Rate: it combines the opportunities of Easy Change and Easy Jump, ensuring maximum flexibility.

The jump loan

The personal Jump loan allows you to simply skip an installment without having to deal with additional costs : highly appreciated among users of loans without paycheck, it allows you to avoid paying an installment once a year, in order not to more than five times during the entire funding period, totally free of charge. Here, therefore, that it becomes possible to postpone the payment to the end of the term: all you have to do is make the decision to skip the installment (jump).

The Total Flex loan

The other opportunity offered for loans without paychecks is that represented by the Total Flex loan, which consists of a totally flexible loan that can be exploited and function as the customer wishes.

This is the most suitable solution for those who need a certain versatility, having to do with objectives and projects that could presuppose changes of course: in fact, there are numerous solutions of duration and installment between which you can decide and anyone has the right to identify the reimbursement plan more in line with their preferences. A plan that can also be changed over time, always in a totally free form.

Total Flex is a very interesting solution because it allows you to skip an installment per year, postponing the payment to the end of the repayment term, or to decrease the amount of the installments, so that the plan is extended.

How to apply for the loan without paycheck

How to apply for the loan without paycheck

In order to apply for loans without paycheck, it is necessary to present, in addition to a valid identity document such as an identity card, also the tax code or the so-called service card (the regional health card) and the last tax return (as mentioned if you do not have a paycheck, you must be supported by a guarantor with good financial strength who can therefore honor the debt in the event that the applicant is unable to pay the installments).

Loans can be requested for an amount not exceeding 30 thousand USD by all residents in Italy who are 18 years of age and not older than 70 years. For foreign citizens, in addition to a valid residence permit, residence in Italy for at least one year is required.

As regards the method of disbursement and the relative timing, the agreed amount is paid very quickly, even within the day, with a check or a bank transfer.

The reimbursement, on the other hand, can be made with a bulletin to be delivered in a Sisal bookshop, in an authorized QuiPay point, in a Lottomatica point of sale or in a post office, or alternatively with automatic debit on the postal account or on the bank account.

Optional insurance coverages

Optional insurance coverages

Those who wish can also choose some insurance coverages, which are all optional, which allow to avoid the negative consequences deriving from any unexpected events. For example, you can opt for Creditor Protection insurance, which is offered in the Standard Package version and in the Plus Package version.

This policy of protection is the insured party in the event of any unforeseen events that may occur during the loan. The Standard Package, in particular, includes the Serious Illness guarantee, the Total Permanent Disability guarantee (following an illness or an accident) and the Death guarantee (regardless of the cause that caused it).

The Plus Package adds, to all those valid for the Standard Package, also the Hospitalization guarantee.


The loans without paycheck, in conclusion, have the advantage of being very versatile and of lending themselves to meet the most diverse needs in a variety of contexts. The catalog of offers is extensive, so that everyone can identify the formula that best suits their needs.

Quick payday loan simulator

You have decided to subscribe to a payday loan and you must find, very quickly, a bank or a credit institution whose interest rate is right for you. In order not to waste your time in the search for credit agency, you can use our payday loan simulator. The latter can allow you to gain a considerable time because it can offer you, in just 2 minutes, a dozen already negotiated offers. In addition, the fast payday loan simulator is used online. All you need is an internet connection and a computer to access this useful and practical tool.
Credit institutions in the payday loan simulator are well known and can attract many potential customers. Here is a guide that will let you know what a quick payday loan is.

What is a quick payday loan?

What is a quick payday loan?

A payday loan is a consumer loan granted by banks and specialized organizations. It allows to finance all types of projects. If you are married and you are expecting a child, you can apply for payday loan to finance the purchase of your new apartment or for other work. When you subscribe to a payday loan, you can spread the repayment term over 6 to 84 months depending on your repayment capacity and your monthly income.

To be able to obtain a payday loan, you must have a good situation both personal and professional. All the conditions for obtaining a payday loan are mentioned in the credit agreement that you must sign before the payment of the funds. The interest rates, the monthly repayment amount and the cost of the credit are fixed.
A quick payday loan can be requested online and you can get the funds on a very short time.

Why subscribe to a quick payday loan?

Why subscribe to a quick payday loan?

Fast payday loan can save you a lot of time because the waiting period of your agreement is short and you can get the funds in just a few hours after your request.
In addition, the payday loan allows you to have a fund that can be used as you see fit without proof of necessary expenditure.
The conditions for quick payday loan are fixed and do not change over time.

Personal Loans Without Guarantees

Are unsecured personal loans possible to obtain? If we were to respond without dwelling on the multiple forms of guarantees possible to obtain a personal loan then the answer is certainly not. But fortunately things are not always Yes or No or White or Black, there are perhaps yes if… or the various shades of color.

Premise: this article is dedicated to those people who have little experience in the field of personal loans without guarantees. For some, different concepts may seem obvious, but since not everyone knows them or is fully aware of them, they are still reported, in this way, we try to provide all that information that can give a complete overview as possible, to understand some concepts, first of all: banks and financial companies sell money, this is their job and you can be sure that they will do everything possible to give them to you, provided that they can be sufficiently sure to get them back with lots of interests.

Going back to personal funding, it’s basically the same thing. Everyone knows that the main guarantee of all the guarantees for this type of loan is the paycheck, but not everyone knows that there are many forms of guarantees that a bank or financial company takes into consideration when deciding whether to grant or not to grant a loan.

From the point of view of those who find themselves examining a request for financing, what is really important is to be able to understand if there is a real possibility, to get back the amount of money eventually granted plus practical management costs and interests. If such a possibility exists, the loan may be granted even if there are no personal guarantees. Let’s clarify.

Unsecured personal loans: possible scenarios

Unsecured personal loans: possible scenarios

Have you read the introduction and decided to continue reading the article? Very well! A sign that something I have to tell you could help you find a way to get your loan even if you apparently think you don’t have enough guarantees to achieve your goal.

Which category do you belong to? Do you not have a permanent job, or are you a self-employed and therefore without a paycheck, or are you not one or the other but simply looking for a job? Maybe you are a housewife, or you are a student or even a possible new entrepreneur who needs a loan to start his first business. If you find yourself in one of these categories just described, don’t despair, there is a solution.

Alternatives to unsecured personal loans

Alternatives to unsecured personal loans

Let’s start from the most problematic case, that is the one in which you need a loan but you have no personal guarantee to put on the balance, that is, there is no employee income, nor a rental income or other annuities, nor a property owned, nor precious stones to be sold as a pledge.

Despite everything, you must not throw in the towel, even if you fall into one of the categories mentioned above, there are still 2 possibilities to obtain a loan and they are: the intervention of a guarantor, a co-obligated cun or the so-called loan of honor.

Loans without personal guarantees but with Guarantor or Coobligato

The first of the two possibilities (the loan that involves co-obligation) is the one that opens if a guarantor with a sufficiently solid financial position intervenes to guarantee the loan to be able to pay the installments if the loan holder does not be able to return the due.

The ideal guarantor is someone who has a good credit reputation, who has never had reports to CRIF and who is not reported as a bad payer. Of course he must have an income from self-employment, or from employment, or receive a pension, but in this case he must not have exceeded 70/75 years of age. If these requirements are met, it is possible to obtain a personal loan without own guarantees.

Attention, it is not excluded that the bank asks the guarantor to sign bills, but generally this happens only if the sums requested are high. A house worth 200,000 thousand euros cannot be foreclosed for a loan of 5,000 euros.

Loans without guarantees: the Loan of Honor

The second possibility has some more constraints, we speak in this case of ” Honor Loan “. This type of loan is granted to all those who meet certain requirements and it may be that it is also right for you. So going to the point, if you need the loan because you are a student and you need the money to pay for your studies, you can ask for a loan of about 5,000 / 6,000 euros.

Still speaking of honor loan, if the same is used to open a business, a franchise, or another any other business, the amount that you can request is far greater than that expected for the students, in fact the same can reach over € 100,000. If this is your case, I advise you to talk about it with a good accountant, who will surely be able to explain the details, and eventually help you to submit a loan request with a lot of business plans.

Loans without paycheck guarantee but with demonstrable income

Don’t you have a paycheck or a guarantor? It’s okay anyway, because you have at least a small demonstrable income. In this case yours is not as desperate a situation as you might think.

You may not know, but, given that permanent employment is now a rarity, banks and financial companies have organized themselves to screen and possibly grant a loan without paycheck and without guarantor. The result is that often, as a guarantee, these also accept income from annuities such as those from rental of properties or other types of annuities provided they are documentable.

What are the documents required to document an income of this type? Simple, you can use the bank statements through which you collect this money. In addition to bank statements, the tax return of past years is sometimes required, so here we can reasonably speak of demonstrable income.

Of course, also in this case, the installments of the loan to be obtained must be sustainable. Let’s take an example: if you have a monthly net income of 800 euros, a sustainable installment (if there is no other income) will be more or less than 200 euros per month.

However, these data are indicative as each bank has its own parameters on which it calculates the sustainable installment. Finally, even if taken for granted, I suggest you not to take this path if the account balance is often in red.

Loans with bills

This option is undoubtedly the most difficult to implement. As I know you know, loans changed in 2018 are a rarity.

We are no longer in the era of the economic boom of the 60s, the “Italian miracle” is old and long-overdue history (unfortunately). I speak to you of that era because in those days, the changed loans were not the exception but the rule. If you ask an elderly person, he will surely confirm this to you.

Today loans with bills of exchange are the exception, as bills of exchange are used almost exclusively for commercial transactions and only in special cases that I am not able to explain to you because what is long and not inherent in the subject matter.

Coming to us, even if difficult to implement, exchanged loans are still possible. To apply for a loan of this type, you must necessarily have an asset that is “collectible” and that it has a sufficiently high value to amply repay the loan possibly granted.

The bill of exchange is an enforceable title, that is to say that if you do not pay the installments, the bank or the finance company will not return the bills to the signatory of the loan and will send them in protest. If what has just been said happens, in a short time it will come into possession of the attachable assets, but not only, if once they are auctioned they will not be sufficient to close the entire amount financed (because they are sold off), however, it will remain a debt position open with all the consequences of the case.

Loans from private individuals

Yes, there is also this possibility, among loans without guarantees and without a paycheck there are also loans with bills of exchange between individuals or even more generally loans between individuals.

Not everyone knows it but in the Italian legal system, this practice is contemplated provided it is occasional, that is to say (for the wily ones) that the private lender can do it but it certainly cannot become an unauthorized financial company.

Returning to us, if you know a private individual willing to lend you money but who at the same time wants to regularize this type of financing, know that it is possible. Among other things, the private individual who lends money can do so both free of charge and for profit, thus collecting interest, which, in no case, may in any case exceed the usury threshold. So when interest payments are foreseen, the loan is called ” loan for consideration “, if instead the interest is not provided for in private writing (which must always be done), the loan or mortgage, if you wish, is called ” mortgage free “.



Unsecured loans are practically impossible to obtain unless you also have alternatives. This article finds reason to be because it points to the fact that often not everyone knows that there are alternative guarantees that can be put on the balance, this species is referred to as small loans.

Of course, as you surely have guessed, the success of this type of operation is linked to multiple factors and it is not at all easy to complete successfully. To increase your chances of success (if you are not among those who can access the loan of honor) it is necessary that you prepare yourself well before going to ask for the loan in the bank.

Only proceed with the loan application if you can answer these questions: how do you intend to return the money you borrow? Do you have a guarantor who can act as a co-obligation? Does it have any income as long as it can be demonstrated? Do you own property?

Real estate credit for firefighters: what specificities?

Are you a firefighter and want to take out a mortgage? Your status allows you to obtain certain benefits from banks.

If firefighters are regularly exposed to risk, effective solutions have been put in place to support them in their real estate projects. What are the specificities of real estate credit for firefighters? What to do in case of refusal of mortgage? All the explanations.

Mutuals dedicated to firefighters

Mutuals dedicated to firefighters

Because of the risk you incur as a firefighter, the bank is generally poor to offer you adequate guarantees. In the best case, the institution can agree to insure you in return for higher rates for basic guarantees such as death and the total and irreversible loss of autonomy (PTIA).

To guarantee your credit at a lower cost, you can turn to mutuals specializing in risky trades. Indeed, the Lagarde law came into effect in 2010 allows you to choose yourself the company that will insure your mortgage. These specialized insurers, often cheaper, offer formulas adapted to your needs and protect you while you practice a profession at risk.

The use of complementary loans

The use of complementary loans

Firefighters have access to assisted loans such as the Social Accession Loan (PAS). To benefit, your resources must be below a certain ceiling that depends on your family responsibilities and your place of residence. The SIP can be supplemented by a Zero Rate Loan (PTZ), an Action Housing Loan or a bridge loan pending the sale of the previous home. It can not, however, be subscribed with a conventional mortgage.

Firefighter: what to do in case of refusal of mortgage?

Firefighter: what to do in case of refusal of mortgage?

The obtaining of a mortgage is conditioned to the subscription of a borrower insurance. This insurance is intended to protect the bank in the event of default by the subscriber. Before making an offer of firefighter loan insurance, the insurance company analyzes its profile. If she feels that the risks are too great, she can refuse to take charge. In case of refusal of insurance related to the exercise of a risky profession, it is possible to make use of the delegation of insurance. This is to opt for a different insurance from that offered by the lender. To purchase external loan insurance, however, it must include guarantees at least equivalent to group insurance.

Another solution is to use a mortgage insurance broker. The broker has a large network of partners with whom he can negotiate insurance conditions. In any case, you have nothing to lose passing through it.

To get an idea of ​​the mortgage offers on the market, do not hesitate to use an online comparator.

Revolving credit – from 1500 USD


Credit revolving up to 1,500 USD, a financing solution to pay for its purchases

Credit revolving up to 1,500 USD, a financing solution to pay for its purchases

The revolving credit differs from other consumer loans, in particular because it can be reused freely according to its needs. It allows for unforeseen expenses or quick purchases. The refund can be spread over 10 monthly maximums depending on the amount of purchases made.

The revolving credit, a different operation of conventional credits

The revolving credit, a different operation of conventional credits

The revolving credit is materialized by a capital granted which is reconstituted as and when repayments. An optional credit card may be associated with revolving credit. This will allow for different deferred debit cash expenditures at no cost or on credit.

Renewable loans, to realize its projects

Renewable loans, to realize its projects

Recourse to revolving credit can also be considered for sums of less than $ 1,500. This form of loan can be considered as a financial service in its own right. It allows funds to be used for the purchase of a new sofa or the replacement of a refrigerator for example … For an amount borrowed with a revolving credit, the monthly payments are defined at the time of each purchase. Revolving credits are a financing solution for his projects (purchases / expenses).

Stay informed about the status of your loan at all times

Stay informed about the status of your loan at all times

Like all consumer loans, a revolving credit is regulated by legislation. In addition to checking the creditworthiness of the client, a lending agency will inform him about the terms of the contract. In addition, a monthly account statement will be provided to the borrower. This includes, among other things, the details of the operations carried out, the amount awarded, the amount available, etc.

Subscription to a revolving credit

Subscription to a revolving credit

A trademark of CreditCole Consumer Finance, Pre-finance is one of the leaders in the field of retail financing. The revolving credit up to $ 1,500 of the lender is in accordance with the law Consumption, as it is free until it is used. It remains available pending an upcoming expense. In addition, an “optional borrower insurance” and a VISA card, also optional, may be offered to the consumer. He will be able to repay the principal due in 10 monthly maximums.

The Agile Renewable Credit is a revolving credit that can be renewed annually at the annual Adjustable Annual Effective Rate (APR) of 7.90%, adjustable debtor rate of 7.628%. The repayment term of your revolving credit is 10 months maximum for an amount of $ 500 to $ 1,500.

5000 USD loan, the consumer credit expert

Whatever your project, there are economic solutions adapted to your expectations. Pre-finance informs you about the 5000 USD credit.

Finance very different projects with a credit of 5000 USD

Finance very different projects with a credit of 5000 USD

Indeed, there are several types of consumer loans. You will have the choice between different loans. Everything will depend on your intentions. But know that the 5000 USD credit can be a financial answer to a need of money, to concretize for example:

  • The purchase of a used car or a 2 wheel motorized (motorcycle, moped or electric scooter).
  • The layout of the house or its modernization: a new decoration and new furniture, the purchase of a kitchen, small renovations for home maintenance for a senior.
  • A move and cover all or part of the expenses related to a change of residence.
  • Or your hobbies: a dream holiday, a road trip abroad or sports equipment.

Finance very different projects with a credit of 5000 USD

Finance very different projects with a credit of 5000 USD

Indeed, there are several types of consumer loans. You will have the choice between different loans. Everything will depend on your intentions. But know that the 5000 USD credit can be a financial answer to a need of money, to concretize for example:

  • The purchase of a used car or a 2 wheel motorized (motorcycle, moped or electric scooter).
  • The layout of the house or its modernization: a new decoration and new furniture, the purchase of a kitchen, small renovations for home maintenance for a senior.
  • A move and cover all or part of the expenses related to a change of residence.
  • Or your hobbies: a dream holiday, a road trip abroad or sports equipment.

How to subscribe your credit 5000 USD?

How to <a href=subscribe your credit 5000 USD?” />

You have several possibilities:

  • If you are used to viewing your accounts on the internet, or need this amount quickly, opt for a subscription request 100% online with the electronic signature of your contract. In concrete terms, you complete the subscription form, obtain an immediate policy response (1) and download the supporting documents for the study of your application. After final acceptance of your file, the funds will be transferred to your bank account within the legal deadline. A
    practical solution if you are looking for a loan of 5000 USD urgent.
  • You can also visit one of our branches in France: our expert advisors are at your disposal to help you and assist you in the realization of your projects.

Pre-finance, a recognized partner for your 5000 USD credit

Pre-finance, a recognized partner for your 5000 USD credit

There are many financial lenders in the market. But choosing Pre-finance is choosing a consumer credit expert who offers its customers flexible financing solutions adapted to their needs: did you know that we will soon be celebrating our 70th anniversary? Since our beginnings, customer satisfaction is at the heart of our concerns, you can discover the testimonials of our customers, they are many to recommend us. 

What salary to borrow 600 000 USD for a real estate purchase?

 Would you like to take out a loan of 600,000 USD to buy a property? Find out what income is needed to borrow this amount.

You have finally found the house or apartment of your dreams and this property costs 600 000 USD. What is the salary level required to obtain this funding? What are the criteria studied by the bank to respond to your request? Answers.

Calculate your debt ratio

Calculate your debt ratio

To know if you can borrow 600 000 USD, it is necessary above all to calculate your debt ratio. It should not exceed 33% of your income. In a simplified way, this percentage means that, to obtain financing, your salary must be at least 3 times higher than the monthly payment of the loan. However, it should be noted that this rate of 33% remains theoretical and does not meet any regulatory obligation. Indeed, banks believe that lending to a profile whose debt ratio is higher than 33% is too risky. The analysis of this risk is also based on the rest to live and the family quotient. After studying your file, the bank can therefore modulate the debt ratio up or down.

Personal contribution plays an important role in the demand for funding. It can provide a better rate and also helps to reassure the lender. The ideal personal contribution corresponds to 10% of the selling price, ie 60,000 USD for a loan of 600,000 USD. However, this sum is not essential to get a loan.

The salary needed to borrow 600,000 USD

The salary needed to borrow 600,000 USD

To know the level of salary required to contract a credit of 600 000 USD, it is necessary to determine the maximum monthly payment. In this table, it takes into account the cost of the loan.



Maximum monthly payment

Minimum monthly salary

15 years

3,578 USD

10,842 USD

20 years

2,786 USD

8,442 USD

25 years

2,358 USD

7,145 USD

Thus, to borrow 600,000 USD over 20 years, the minimum wage required is 8,442 USD per month. If you wish to borrow this amount over 25 years, you will have to prove a minimum monthly salary of 7,145 USD. In any case, the credit agency will ask you for several supporting documents, including your latest pay slips, latest tax notices and bank statements, to find out your financial situation.

Why use a real estate mortgage calculator?

Why use a <a href=real estate mortgage calculator?” />

Would you like to know the amount of your future monthly payments or your borrowing capacity? Feel free to use a free online mortgage simulator without obligation. After having filled in several information on the desired credit as well as on your personal and financial situation, you will immediately obtain the result.

The competition of banks is the surest way to get the best mortgage offer.