July 20, 2019 admin

Access to capital can be a frustrating process for young entrepreneurs. Banks are low-risk lenders and very often, young entrepreneurs are not able to meet the qualification criteria of traditional loans. As a result, governments and organizations in many provinces offer guaranteed loans, or even grants, to qualified young entrepreneurs. Some programs address one of the major concerns of loans to young entrepreneurs – the lack of experience and business skills – as part of their loan programs. For example, the Business Development Bank’s Young Entrepreneur Loan Program includes a training component that the entrepreneur must pay to obtain a…

June 13, 2019 admin

In addition to consumer loans, which in most cases are paid by bank transfer to the client’s bank account, there are also plenty of offers for cash loans paid directly to the hand. These loans have been in high demand in recent years because many people prefer this way of paying. Especially those who have executions and cannot get money on account (because they would otherwise lose it), but often even those who are in a hurry and want to have money right away, or those who are desperate and want to a loan at any cost, no matter what…

May 17, 2019 admin

Learning to calculate interest on student loans helps to understand what you are actually paying for university debt. Interest on federal student loans and many private student loans are calculated using a simple daily interest formula. To calculate the amount of student loan interest that accrues monthly, calculate your daily interest rate and multiply it by the number of days since your last payment. Then multiply that by the balance of your loan. How to calculate student loan interest To see how to calculate student loan interest in practice, take out your pen and paper and follow it with the…

May 17, 2019 admin

December is a time when interest in credit products is increasing and a larger number of people are arranging a loan. Usually, people borrow mainly for the purchase of Christmas gifts and, thanks to the plethora of different credit companies, have a wide choice. On the one hand, a Christmas loan can help, but the other side of the coin is a subsequent repayment – many people have trouble with it and often get into an even bigger crisis. A Christmas loan can later bring financial problems There are a few things to keep in mind when choosing the right…

April 21, 2019 admin

The payday loan industry is very lucrative. Companies that are involved in this market benefit greatly from the excessive interest rates and fees they charge for their products, and it’s not just the borrowers who suffer. Payday loan companies have marginalized old businesses, often family owned, that charge reasonable rates and terms. In many ways, payday loans are good. If you need a loan quickly, payday loan companies do a good job. However, the interest they charge you is not known. Not only that, if you miss a payment, there is also a fee. There is even usually an initial…

April 15, 2019 admin

Long-term loans are rather a domain of banking institutions, but some non-bank companies also offer them. While short-term loans are only small amounts and the differences between individual offers are not so striking, large loans can save up to tens of thousands of crowns. For long-term loans, it is clear that classic bank loans are preferable. These can only be obtained by clients who do not have a record in the debtors register and usually the applicant’s permanent income is a condition. Banks do not go into such a risk and can afford lower interest rates. On the other hand,…

April 1, 2019 admin

The offer of loans from non-banking companies is very wide and constantly growing. As new lenders are growing, stronger competition has led to more and more attractive offers, and no more interest and fee-free loans are no exception. In general, non-bank loans are much more expensive than bank loans, and a person who has a steady income and no debts pays to go to the bank, on the other hand, when you only need a few thousand, some non-bank loans are a reasonable alternative to for each. In this article, we look at non-bank loans that have the lowest interest…