Special repayment loan – Definitions and meanings

In general, a loan with an unscheduled repayment makes sense, because you are faster debt free. The Bank will proceed in the same way if the special repayments paid exceed the agreed maximum amount. If you sell your home and therefore want to withdraw from the loan, the lender requires a prepayment penalty. Free special repayment installment / change of term free of charge Early repayment / repayment free of charge grant. If you still have money, it may be worth considering a special repayment of outstanding installment loans.

Definitions and meanings in the credit dictionary

Definitions and meanings in the credit dictionary

A special repayment is a back payment on a loan that is not specified in the repayment plan. In this way, the borrowers can reduce the repayment term and thus also the monthly installments to be paid. Under the Consumer Credit Directives, since 2010, the borrower may repay a loan in full or in part early. In this case, the credit institutions have a loss due to interest losses.

To compensate for this interest loss, many banks therefore charge their customers a early payment fee. In most cases, the special repayment pays off, as the interest savings are even greater. However, credit institutions are free to charge for unscheduled repayments. However, many house banks do not charge this fee at all and provide special repayments for free.

Many consumers want to replace their loan at an early stage and to pay part of their company extra payments, such as B. bring Christmas or holiday money in the loan. The deadline will be shorter and after the end of their payouts they will have more money every month. This is an opportunity for many to make special repayments.

Loans with special repayment 

Loans with special repayment 

What are the causes of problems when completing a special repayment loan? To finance all this, would you like to take out a loan? With the following helpful advice and helpful advice, you can get relatively easy to cheap loans and not fall into expensive credit to get an unscheduled repayment. One option, of course, would be to borrow money from relatives or friends.

However, it is not everyone possible to ask friends or relatives for a certain amount of money for special repayment. In this case, a loan request at the in-house bank is superfluous simply because of a credit bureau entry or unsatisfactory creditworthiness. What some people do not know – even without credit bureau information or a miserable credit rating, you can have a loan.

Serious lenders working with foreign banks have even focused on providing loans to people with bad credit ratings or negative credit ratings. Basically, the main job of an intermediary is to help you find a suitable loan. The task of a competent credit broker is also to show you the advantages and disadvantages of a financing offer and to assist you in preparing the documents for the financing application.

Due to the positive economic relations, which maintains a multiplicity of mediators to less well-known, smaller credit institutes, there are excellent possibilities, with special repayments to obtain more favorable conditions for credits. In small credit institutions, the creditworthiness of an applicant is still largely checked by hand, so that the intermediary, for example, a negative entry in the control center can understand.

On the other hand, a loan application for loan with unscheduled repayment in an existing house bank would be very fruitless. These two banks are the absolute specialist, especially when it comes to issues such as: For example, lending is subject to unscheduled repayment. When lending with special repayment, a respected intermediary will always act in your favor. For reputable credit brokers, you can tell a dubious broker of the following: whether you have the initial capital for new business, a new car, or a long trip plan, loans from foreign banks are increasingly being used to finance loans.

Today, many foreign banks offer low-cost loans via the network, tailored to the particular consumer. The choice of a financial institution in Germany and abroad is of crucial benefit, since the credit guidelines there are much less complicated than for German credit institutions. A bad credit rating or a bad credit bureau entry therefore only plays a subordinate role in loans with special repayment.

Such online loans are mainly backed by banks. It is precisely this group of companies that has a hard time obtaining loans in the case of special repayment loans. When it comes to lending, private individuals with financial problems often do not have an easy time. Debt or bad credit makes it much more difficult to finance.

It is a loan granted by a Swiss financial services provider. For these institutions, a negative credit bureau registration is not important, since such an application is generally omitted, which greatly facilitates the credit check. With regard to the subject of loans with special repayment, this situation can almost be described as optimal. Of course, for a loan transaction, you also need certain proof of income and securities from banks, for which a credit check is also carried out before the loan is granted.

However, if you have a sufficiently good credit rating and access to the power of disposal of the Foundation is the only financing problem, the Swiss loan offers a real possibility for loans with unscheduled repayment. What should I look for in loans with special repayment? As a borrower, ensure that the monthly installments of loan repayment installments are as low as possible.

Loan for the repayments

Loan for the repayments

Good financing depends not least on low-interest rates and favorable conditions. If the loan is sufficiently variable, you will run into problems much less often at the time of eradication. Contributing to this is the fact that payment can be stopped in installments for a calendar month, as well as free unscheduled repayments. All this must be a sustainable financing option on the subject of credit with unscheduled repayment.

However, you should keep a few points in mind, so that your financial viability as a self-employed, pensioner, student, employee, trainee or unemployed nothing stands in the way: Basically, the guiding principle is applicable: When lending with special repayment must have the necessary funds from the beginning so accurate be evaluated as possible. Ultimately, this does not apply to the granting of special repayments.

The remedy here is, for example, a detailed weekly bill of own costs: For what things is how much capital spent each day? It is important to be honest, accurate and careful in dealing with all information about your own financial condition and creditworthiness, especially in the case of loans with unscheduled repayment, with all information about your own creditworthiness and your own financial position is correct, careful and completely honest: The Desired evidence and documents must be worked out conscientiously.

By presenting a complete and honest picture of your economic situation, you can be a serious reflection of yourself, which will undoubtedly have a positive impact on your chances of earning an emergency loan or an immediate loan. In compliance with the above provisions and as a serious business partner, your loan request with unscheduled repayment should be in the way.

How to become a bad payer and how cancellation occurs

How do you become a bad payer and what are the consequences? From a banking and financial point of view, the bad payer condition corresponds to a user who has not respected contractual commitments: from non-payment to delays.

The bad payer will be reported by the credit institution and included in particular lists concerning the credit profile of consumers. Various systems are used to keep track of bad payers: the Best Bank has introduced a risk center, but there are also other Credit Information Systems.

Once registered as a bad payer, the consumer will face many difficulties, the path to receiving a new loan is complex and in some cases it is completely precluded. This clearly applies throughout the period in which he remains on the bad payer lists.

Reporting as bad payer, when shooting

Reporting as bad payer, when shooting

How to become a bad payer: in the face of which events the report is triggered? This is expected in the event of a delay in the payment of the installment of more than two consecutive months, or if the payment of two installments has been delayed.

The lender will notify the consumer two weeks before of the impending communication to the bad payer registration systems. This is the extreme opportunity to restore your debt profile.

Data retention in SIC records

Data retention in SIC records

How long does the consumer remain in the bad pay register? In the event of a defaulting debtor for two installments, or two months, after the situation has been remedied, the information is kept for 12 months.

If, on the other hand, we are dealing with a defauling consumer for more than two installments, the information remains accessible in the registers for 24 months after their position has been remedied.

In the event of a defaulter who has not regularized his situation, the retention of information is equal to 36 months in relation to the expiry of the contract. The deletion of data takes place automatically on the basis of the due dates.

Positive data is also stored in the Credit Information Systems. These are available for 36 months from the end of the relationship.

Loans without Fifth Salary: How to Get It


Applying for a loan today is increasingly necessary. Credit institutions and financial companies have opened up to this new social situation, as shown by the spread of loans without a fifth of a salary.

Loans without assignment of the fifth: personal loans

Loans without assignment of the fifth: personal loans

Loans without a fifth salary include options such as personal loans. What is it about? Of non-finalized access to credit formulas, which means that the amount financed is not intended for the purchase of a specific asset.

Personal loans can also be requested online and require the application of a fixed rate for the duration of the loan.

Loans changed : that’s what it is

Loans changed : that

The crisis, as already mentioned, has led many credit institutions to open up to customer requests, which present very different types of needs.

This has led to a new popularity of loans changed, credit access formulas that allow you to quickly and flexibly manage the amount financed.

What is it about? Loans without a fifth of salary which are based on the repayment of bills by a certain expiry date (bills are executive securities).

The customer who receives a promised loan has the option to convert the promissory note into cash or to choose whether to continue to claim a credit from the bank that issued it.

Loans without a fifth of a salary: what to know if you intend to apply for a loan

Loans without a fifth of a salary: what to know if you intend to apply for a loan

Loans changed are loans without a fifth of salary that are growing in popularity. For this reason it is necessary to have clear ideas on the guarantees necessary to request them. Which ones are they? In the case of dependent work, it is necessary to bind the severance pay, if instead a freelance activity is carried out, it is essential to have held a life insurance policy for at least two years.

In the case of recent hiring as an employee, the presentation of a guarantor is mandatory.

Loans with guarantor: how do they work?

Loans with guarantor: how do they work?

Speaking of loans without a fifth of salary means considering the option of the loan with guarantor, the presentation of which is necessary in the event that the applicant is unable to present sufficient guarantees of an income or real estate nature.

The loan with guarantor must meet specific rules, the first of which concerns the need to present a reliable person from a financial point of view (the credit reality always carries out checks on this).

Another aspect to remember is that the guarantor’s intervention is of an extraordinary nature (it cannot replace the beneficiary of the loan in the payment of the installments).

Last but still relevant point to underline is this: no credit institution is obliged to grant a loan to a protested, a bad payer or a person without a paycheck – the lack of a paycheck makes it necessary to refer to a model in the case of freelancers – even if it has a financially reliable guarantor.

Published New Rules For Loans Transfer Of Fifth Of The Pension

Social Security has disclosed the outline of the new agreement governing the granting of loans on the assignment of one fifth of the pension granted by credit institutions affiliated with the Institute in favor of Social Security pensioners.

The new scheme was published with the Social Security message 1671/2018. message to which the presidential resolution no. 78 of April 14, 2018, this will be valid until the end of 2018.

Credit institutions interested in the agreement with Social Security can join the new text starting from April 18, 2018. By signing the agreement it will be possible for banks and financial companies to grant loans to Social Security pensioners, based on the criteria and modalities contemplated by the scheme.

What changes with the new scheme

What changes with the new scheme

The new Social Security formal act scheme complies with the new rules established by the decree issued on March 27, 2018 by the Ministry of Economy and Finance. The decree modified the classes of the relevant amounts for the purposes of financing operations against the assignment of a fifth of the pension or salary.

Following this change, Social Security had chosen in the past few days to exercise the right of withdrawal against the affiliated credit institutions. In this way, banks and financial institutions have been forced to again agree with the Institute to continue to grant loans on the sale of a fifth of the pension or salary.

The new rates

The new rates

Until a few months ago, the interest rate applicable to loans on assignment of one-fifth granted by banks and financial institutions affiliated with Social Security varied according to whether the amount of the check was higher or lower than 5 thousand USD.

Not only. In addition to the amount of the check, the age of the pensioner also influenced the definition of the interest rate. There were in fact three age groups : up to 59 years old, between 60 and 69 years old and between 70 and 79 years old.

With the entry into force of the aforementioned decree, however, the classes were remodeled. These vary depending on whether the amount of the check is higher or lower than 15 thousand USD.

Specifically, the maximum applicable APR was drawn up by Social Security on the basis of the values ​​of the Average Global Effective Rates on an annual basis which were recorded on a quarterly basis by the Bank of Italy.

The maximum APR foreseen by Social Security

The following are the new rates (Taeg) set by Social Security for the loan amount classes and age groups of the pensioner.

  • For pensioners up to 59 years the Taeg threshold is 8.6% for checks up to 15 thousand USD and 7.71% for checks over 15 thousand USD.
  • For pensioners aged between 60 and 64 the threshold rate is set at 9.4% for checks up to $ 15 thousand and 8.51% for checks above this threshold.
  • For pensioners between 65 and 69 years the threshold rate is 10.2% in the case of checks up to $ 15 thousand and 9.31% for higher checks.
  • For pensioners between 70 and 74 years the threshold rate is 10.9% and 10.01% respectively for checks up to 15 thousand USD and over 15 thousand USD.
  • For pensioners aged between 75 and 79 the threshold rate is set at 11.7% for checks up to $ 15 thousand and 10.81% for checks above this threshold.

Expenses for partner banks

Expenses for partner banks

As part of the new agreement scheme, the charges due by banks and financial institutions for the service provided were confirmed until 31 December 2018 according to the parameters that have already been quantified in the previous agreement.

As of January 1, 2018, the updated parameters will instead be applied. In both cases, these charges will be collected by Social Security by reducing the monthly payment flows.

The new charges

In other words, the charges borne by the credit institutions that choose to join the new agreement will be calculated on the basis of each contract for the transfer of the fifth of the pension in the amount of 1.61 USD (VAT exempt) until the end of the year. From January until the end of 2018, however, the charges are equal to 1.84 USD for each draw of the pension accrual.

The charges applied will be much higher for banks and financial institutions that will not adhere to the agreement, but will therefore choose to operate under accreditation.

Home Loan or Mortgage: Which is the Most Convenient? Pros and cons

What are the differences between the home loan and the mortgage ? Which of the two loans is the most advantageous and why? With the home loan, the consumer takes out a finalized credit line, designed to meet housing costs. The loan can also fully cover the costs to be incurred.

In spite of the home loan, usually associated with the activation of a mortgage, the loan does not require collateral. This makes the loan the ideal answer for workers who do not have a permanent contract and need credit in a short time.

Loans for home and home loan: the differences and the advantages

Loans for home and home loan: the differences and the advantages

What are the main differences between home loan and mortgage? The use of the two loans differs significantly. If the loan is indicated for the management of various expenses related to housing, the mortgage is instead conceived, in most cases, for the purchase of the property.

The loan is usually requested when you are faced with renovations, maintenance works or to furnish your home. Being a finalized proposal, the applicant must also specify to the credit institution the use of the money provided. Not only. The loan will tend to have higher interest rates, without requiring the demanding mortgage guarantees.

The mortgage repayment plan is generally more extensive, lasting for decades in most cases. The loan, on the other hand, has the advantage of simpler procedures and shorter times for receiving credit, at most a few weeks.

Online loan calculation: how to find the cheapest offer

Online loan calculation: how to find the cheapest offer

The loan can take many forms and choosing the cheapest is not easy. There are many variables to consider: the TAN, the APR, the duration of the repayment plan, the costs associated with the financing and the transparency of the repayment conditions.

To compare the various proposals, various comparators are available on the Web that allow you to check the installments and other costs. Once the most convenient proposal has been identified, it is advisable to contact the provider to get a detailed financing estimate.

Applying for loans through capital lender is easy. An online loan application is sufficient to address both banks and private investors at a serious level. Of course, the borrower decides who gets the loan.

Our customer support team is fast and efficient to clear all your doubts regarding personal loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.