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Looking for a vacation? Take out a holiday loan!

You can finance your holiday with a variety of financing options. Through us, you can find the best partners to finance your holiday and apply for a loan directly on our partners website. It all starts with the amount of money you need to compare to get ahead of your vacation ideas. For this reason, it is a good idea to determine the amount of vacation loan you need, as it allows you to compare banks and financial institutions.

Would you like a malt drink in the Maldives? Or Would you like to dance hot salsa with your wife in Cuba? Or would you maybe go to a water park with your family in Turkey, for example? In order to get the budget for your vacation loan, you first need to properly dream of your dream vacation and then think carefully about how many you are leaving and at what time of year. This will help you find the most accurate budget for your vacation loan.

In addition to travel and accommodation, think about the supplies you need before and during your stay. Once you have reached your vacation dream budget, you can enter your planned vacation loan amount directly into our search engine along with your contact information and we will help you find the vacation loans that best fit your criteria. This gives you easy and quick access to the various financing options that our partners have to offer for a vacation loan.

Financing your vacation with a loan or credit

Financing your vacation with a loan or credit

You can apply for a consumer loan, flexible loan, loan or financing through our partners. The best way to get started is to explore the various loan options through our 5 different loan services.

Consumer credit is usually either unsecured or unsecured, and is granted on a one-off or continuous basis. Unsecured Flexibility Credit is often a continuous credit, and the pledged amount of the loan is returned as the debtor pays the installments to the lender. In unsecured credit, the lender does not require collateral from the borrower, but the credit is granted on the basis of credit and income information.

In secured credit, the borrower gives mortgage on the property and often receives a lower interest rate loan in exchange for a pledge that provides security to the lender. Through us, you can apply for the various loans and credits offered by a network of partners. Once you have determined the amount of your vacation loan or loan you need, we will list the best lenders or loans that will help you finance your vacation.

Holiday Loans – Compare Online

Holiday Loans - Compare Online

We will help you fulfill your holiday dream. We will not give you credit but we will help you find the best 5 vacation loans as options for financing your vacation. Once you have entered the loan amount and contact information you need into our search engine, we will list loans or loan services for you to compare more closely. When comparing the loan price, you should first pay attention to the amount of the loan and the expected repayment period.

This will give you an approximate monthly installment on which the loan providers will charge interest, processing fees, opening fees and any other costs. This total cost, often included in the monthly installment, is called the effective annual interest rate of the loan. By assigning the same amount, monthly installment, and repayment period to all loan providers, you can usually compare the actual cost of the loan, including the loan provider’s commission or commission on your loan.

There are almost as many ways to report different expenses on loans as there are loan companies, and by visiting our site, you can easily compare the actual charges and interest rates of our loan providers with our partners.

Save up on your money with a loan

Save up on your money with a loan

By using our service and giving your time a little, you can easily save up to several hundred euros on the cost of your holiday, so it is definitely worthwhile to spend time considering different loan options. We want to make sure that you get the best financing for your vacation and that is why we keep our search engine search criteria up to date.

This way you will get the best possible service and our search engine will find the best loan deals and loan providers that match your criteria. Dream about your vacation and let us help you make it your vacation by finding the vacation loans that work best for you.

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Refinancing and consolidation. Will it save money or is it just a trick?

Transfer your loans to us, you will save. This is the frequent advertising slogans of banks. But is that true? Can we really save money by transferring a loan or even several loans to another banking institution? More commentary at arbeiasociety.org.uk

Every person is quite skeptical about similar promises. The reader Jiří repays the mortgage, which he financed the reconstruction of the apartment. When the fixation period ended and the current bank offered 4.5 percent interest for the next period, at a time when banks, including his bank, offered new clients interest rates below three percent, he got angry and wanted to transfer the mortgage elsewhere.

The bank quantified the outstanding balance and he addressed several banking institutions. Although the competition offered almost half the interest, did not get under the payment then, and eventually stayed with his bank. “Now I am approaching the deadline for the end of fixation, does it make any sense to refinance the mortgage?” He asks.

What about the savings promises? Isn’t this just an advertising trick? Can we really save money by transferring a loan or mortgage? We asked for you.

Refinancing of one loan

Refinancing of one loan

We usually refinance mortgages when our bank does not want to accommodate us or offers such conditions that are unacceptable for us. If we refinance the loan on the anniversary of fixation, the repayment of such a loan will be without any sanctions. And in some cases, refinancing may pay off.

“In addition to the amount of interest, it is necessary to look at other parameters of the mortgage, such as fees for mortgage management, for drawing a loan, for maintaining a current account, which is usually a mortgage obligation and of course repayment or the possibility to adjust the amount of the repayment, ”recommends Lite bank spokesman.

 

According to George at Lite Bank, refinancing accounts for about half of mortgage clients. “Clients come to us not only because of the low-interest rate but also because they can repay any part of the loan at any time without fees and penalties,” says the spokesman.

With a market share of almost 30 percent, Lite Bank is the market leader in mortgage loans. Her spokeswoman says the importance of refinancing has been decreasing recently, as banks have focused more on high-quality services to retain their clients. 

“Refinancing is a more complicated process, there is not only a change in the bank but also a change in collateral or often insurance and so on. Therefore, we recommend that the client always inquire primarily in his bank what he/she offers, ”explains Andrea, a spokeswoman of Lite Bank.

If you are considering refinancing your mortgage, count well. The comparison is very simple. “The new loan will only be set for the remaining maturity, and if we change the interest rate, reduce the repayment and do not have a big cost to switch to another bank (cadastre, estimate, etc.), we can save tens of thousands of crowns,” Jenny.

Practical example

money

Since July 2008, the client has been repaying a mortgage loan of USD 1,700,000, with a maturity of 30 years, with an interest rate of 5.59% pa fixed for 10 years. 

In January 2018, when the client approached his bank to ask for a new rate for the next period because he was afraid of CNB interest rate growth and could have a significantly higher rate in the summer, the bank refused to provide it with it too early, and they will reach out to the client within a standard term of six weeks prior to fixation. 

The client, therefore, bet on the security and decided to refinance his loan. At another bank, he obtained a rate of 2.39% pa again for 10 years.

 

Refinancing the loan

Refinancing the loan

   Original loan New loan
Loan Amount USD 1,700,000     1 406 768 USD
Maturity 30 years 20 years
Interest rate     5.59% pa     2.39% pa
Amount of installment 9 749 USD 7 379 USD
Refinancing costs   3 100 USD
Savings in 10 years    284 440 USD

Consolidating multiple loans

Consolidating multiple loans

If we have more liabilities in the domestic loan portfolio with different maturities, the comparison of the final profit is much more difficult. Consolidation always depends on what we want to achieve and what is our priority. “It is not always the most important to save on interest at all costs, sometimes it is far more important to reduce monthly expenses to a minimum and thus free up the domestic budget,” explains Webank.

“By consolidating their loans, clients can reduce their monthly payment and in some cases save directly by getting a new lower rate,” says Rad Bank spokeswoman Jana. For higher loans are often lower interest rates.

“Further savings can also come from paid premiums and account maintenance fees, which may be mandatory for the loan, especially if the client has loans with multiple banks,” confirms Goodbank spokeswoman Petra. As part of the consolidation, the client can even solve other financing needs and get new cash.

As a result, consolidation usually extends maturity and thus reduces the monthly payment. “If we then set up regular savings and reserve creation, we can consider our actions successful,” Webank says. 

For example, in the case of long-term savings, it will be possible to repay the loan early or later and to return the resulting balance of interest paid back to our advantage. However, carefully consider and calculate well before deciding on loan consolidation, or contact your financial advisor. In any case, remember that only those borrowers who are properly repaying their obligations can consolidate their loans.

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How to Clear a Credit Registry?

If there is a delay in the payments you make to the bank, unfavorable results appear on behalf of your credit registry. For this reason, it is useful to make payment transactions on time. Well, how to clear the credit registry, it is necessary to know the information about it.

What you need to pay attention to without applying for a loan

What you need to pay attention to without applying for a loan

One of the things you should be aware of before applying for a loan is to keep your credit record intact and to meet your loan requirement.

When you correctly determine the loan amount you need, you will meet your need, when you determine your monthly payments and maturity correctly, you will not have any problems while paying the loan and you will not experience any delay in payment. Not having a delay in payment increases your credit rating and protects your credit registry.

Difference Between Credit Rating and Credit Rating

Difference Between Credit Rating and Credit Rating

The credit registry refers to a report that covers everything you have experienced with banks. Included in your registration report are your credit limits, all your loans, deposit accounts and credit card limits.

In addition, there is a lot of information such as how many credit limits you use, what intervals you have paid your loan debts, whether you are in a delay or how much debt you have now. It is a more detailed report than your credit rating.

Determining Your Credit Rating

Determining Your Credit Rating

Your credit rating is determined by analyzing your relationship with banks. Your credit card consists of payment of your previously used loans and credit cards, income and expense status, credit applications you have made up to date and your intensity in using credit.

The credit score score range is between 1 and 1900. If your credit rating is below 900, you may not be able to get credit from banks. The score of 1200 and above is the ideal score range for obtaining credit. If your score is 1500 and above, you can get credit very comfortably.

What Should We Do To Avoid Black Listing In The Credit Registry?

What Should We Do To Avoid Black Listing In The Credit Registry?

If you are blacklisted in your credit registry, you have been referred for legal follow-up through the bank and have not paid for your credit installment for 90 days. To prevent this, you must first apply for a loan by paying attention to the payments before borrowing. After this phase is over, you should pay more attention to the relationship with the banks.

You should take advantage of all the configuration processes. In a situation where you cannot pay all of the debt, you should pay your debt, which is the earliest date. For your credit card, you should pay the minimum payment amount in the statement and get rid of the delay process.

If your bank registry is negative, it will be the right thing to wait for the record in your credit to be deleted for 5 years and not to experience any other legal follow-up process with the banks. You can also increase your credit rating by paying your debt on time in the following period.

What should you do to clear your credit registry?

What should you do to clear your credit registry?

First of all, it would be useful to evaluate banks’ alternative alternatives in order to pay your debts. You will have to use your time with 90-day bank lawyers in a beneficial way, as your loan will be difficult to get after your credit registry is broken. You can get rid of the delay event by paying the debt you need to pay first. For example, let’s assume that your first installment is delayed 60 days and your second installment is delayed 30 days.

Even if your payments are delayed 30 days or 60 days delay, your credit rating will be low. Since your debt, which is delayed for 60 days, is approaching 90 days, danger bells begin to ring on your behalf. Unlike all of your debt, you can get rid of the legal obligation by thinking in installments and paying your debt in this way.

When you decide to apply for a loan, it is useful to make an application considering your payment power. In order to correct your credit registry, pay attention to the payment of your debts.

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