Archives: April 17, 2019

The most advantageous loans of June 2019

Summer is often the season when big expenses are faced. For holidays, of course, but also for organizing children’s free time. Not everyone, however, has the liquidity needed to cover the costs, so many make use of loans from banks or financial companies.

The proposals are really many and interesting, but with the most advantageous Easy loans for June 2019 it is likely that you can find the solution that best suits your needs.

June 2019: Most advantageous loans

loans

For example, the Easy personal loan allows you to receive financing from 1,000 to 60,000 euros to cover all types of expenses.

The offer of June 2019 is particularly convenient because Tan and Taeg are fixed and there are no additional costs. By hypothesizing a request for 14,000 euros to be repaid in 96 installments of 189 euros each, with fixed Tan 6.73% and fixed Taeg 6.94%, the amount to be repaid does not exceed 18.144 euros, not bad.

To access the loan an age between 18 and 75 years is required, a demonstrable income, residence in Italy and ownership of a current account.

With the Easy personal loan

With the Easy personal loan

the options Easy One (debt consolidation) and Easy Two are available , designed to finance the expenses that promote renewable energy, energy saving and efficiency of the home (purchase is also included) of electric and hybrid vehicles). The Easy Two offer is even more favorable than the standard personal loan , because Tan and Taeg fixed are lower: 6.54% and 6.74% respectively.

Among the most advantageous Easy loans

Hard loans

For June 2019 we also mention the salary- backed loan with an offer valid until 24/6, reserved for public employees. Zero commission and stamp duty costs, fixed Tan 5.42% and fixed Taeg 5.56%. Asking for a loan of € 16,000 to be repaid in 120 installments of € 173 per month, the loan has a total cost of € 20,760.


5 Tips on How to Loan a Business

Have you ever wondered how to loan a business the right way ? Many business owners face serious problems related to the financial management of their business – which affects their growth in the market.

There is a great concern to increase sales results and maximize business revenue. However, there is no point in getting great revenue when finances are poorly managed and resources are misapplied.

It is not necessary to have a million dollar bill to succeed in the market. Likewise, good billing does not guarantee the growth of an organization. The key lies in how finances are managed.

Benefits of financial organization

Benefits of financial organization

Most Brazilian entrepreneurs need to deal with a very common question: how to loan organize a small business ? Even with a lean structure, securing the financial health of an organization can be a challenge.

However, this problem is even more serious when the entrepreneur does not recognize the importance of managing finances. Amidst concerns about closing sales, organizing stocks and negotiating with suppliers, the financial organization can be left out.

For this reason, before we talk about how to organize a company loan, it is essential to reinforce the benefits of this practice :

  • Greater understanding of the composition of results;
  • Tranquility for the continuity of operations;
  • Information to set the ideal sales price;
  • Predictability of future expenditures;
  • Possibility of cost reduction;
  • Assistance in decision making.

How to organize a company loan?

company loan

Now that we better understand the importance of organizing your business finances, let’s understand how to loan organize a small business. The good news is that this is not a complicated routine – just the entrepreneur has discipline.

Here’s how to loan organize a business:

1- Understand the reality of your business

loan

The first step in organizing your business finances is to better understand the moves that take place over the period. After all, each company has a very different reality.

While a service provider has low operating costs to develop its activities, a trading company relies on purchases of merchandise for inventory. That is, the finances of these two companies work in very different ways.

Understanding the reality of your business allows you to see how money usually comes in and out of the company’s cashier. The greater the mastery over these processes, the easier it will be to manage finances.

2- Be disciplined in the record of the movements

cash

Many entrepreneurs want to learn how to loan organize a business but are unruly with regard to recording all transactions – which strongly affects financial controls.

It’s impossible for you to remember every single financial move your business made without writing them down, is not it? Registering this information is critical so that you have access to up-to-date data and can analyze it.

3- Organize cash flow

cash

Cash flow is a tool that organizes all financial transactions conducted by the company – both entries as resource outputs.

This control not only allows you to always have access to the current financial balance, but also allows you to better analyze the expenses paid by your business and seek to reduce them.

4- Manage Accounts Payable and Accounts Receivable

lender

Another mistake made by entrepreneurs who do not know how to organize a small business loan is to stop looking at future accounts. Besides knowing the current balance, it is fundamental to evaluate all the movements planned for the coming months.

A positive balance of $ 5,000 may give you a false sense that finances are good, but a payment of $ 10,000 to vendors the next month indicates otherwise. In the same way, all accounts receivable can reverse a situation that seems negative.

Monitoring all accounts payable and receivable from a company ensures that you are not surprised and can plan your company’s actions based on information that is closer to reality.

5- The importance of managing working capital

5- The importance of managing working capital

Working capital is the money needed to keep the operation in the company’s operations – including the payment of basic accounts, purchase goods to stock, paying taxes, employee salaries and other operating costs.

This is a very important concept when we talk about how to loan organize a business. The goal of any organization is to ensure sufficient working capital so that operations flow smoothly.

However, in some cases it may be necessary to borrow a working capital loan either as an emergency measure to ensure continuity of activities or as an action to promote business growth.

A company that seeks to expand its market and reach a larger number of customers may need a working capital loan to buy more goods for inventory. But within a few months the gains from this action can be fantastic.


Elements of the Loan: The Installment Loan

When a mortgage is generally opened, there are two elements that are considered by the applicant: the amount disbursed and the installment :

– the amount paid is the amount of money we need to carry out our project, whether it is the purchase, construction or renovation of a building;

– the installment gives us the measure of how much we will have to pay (generally monthly) to be able to honor the contractual commitments. The amount of the installment is therefore generally very important because it will be decisive for the standard of living that can be afforded in the years of duration of the financing we have requested.

 

The installment

The installment

The elements that impact on the installment amount are the following:

  • the amount paid ;
  • the duration ;
  • the interest rate ;
  • the frequency of the installment.

So let’s see them in detail.

 

The amount disbursed

The amount disbursed

The amount disbursed is obviously a determining element for the entity of the installment that we will have to pay.

Other factors being equal (interest rate and duration) it is clear that a higher amount of the loan will result in a higher installment and vice versa. But there is another strong link between installment and loan amount: in fact the maximum sum that the bank will decide to finance depends on the amount of the resulting installment, which must necessarily be compatible with the income of the applicant.

 

Duration

The duration of the loan can also have an impact on the amount of the installment, as is obvious. If we want to avoid having a burdensome commitment for too long, we will have to be available to have a larger payment to pay. This will reduce the risk we will expose ourselves, especially in the case of a pure variable rate mortgage. However, we will need to be sure that we can afford a higher rate with our income.

 

The interest rate

The interest rate can also have its impact on the installment: a higher rate will lead to a higher rate and vice versa. But there is also another aspect that is important to emphasize, namely that the type of rate, ultimately, is that which ensures that the amount of the installment is constant or can vary over time.

In the case of a fixed rate, in fact, the installment will be constant over time, and this will give us the security of an amount to be paid that will not be subject to market fluctuations. Be careful, however, that this guarantee generally has a price, ie the interest rate, at least at the outset, will be higher than in the case of a variable rate.

If we chose a variable rate mortgage, on the other hand, we would be subject to fluctuations in the installment which could also be significant (for example, in the absence of a CAP, ie a maximum limit to the interest rate). The risk that we are going to take can be particularly high in the case of very long duration of the chosen loan.

 

The frequency of the installment

the installment loan

Generally when we think of the mortgage payment, we imagine it as a monthly commitment to support, and in fact, it is often what happens in most mortgages. But the installment may also have different intervals (for example, half-yearly). It is clear that this can have an impact on the installment amount.

We have seen how the installment can be constant, in the case in which a fixed interest rate is applied, or subject to fluctuations in the event that one has opted for a variable rate mortgage, or mixed. But the installment may, over the duration of the loan, very also for another reason: the partial extinction of the loan.

In fact, as is known, in general, it is possible to extinguish the loan in advance, either completely or partially. If in the first case the result is obviously the definitive cessation of the commitment to pay an installment, in the second case generally there is a reduction of the same.

The extent of this reduction depends on the policies applied by the bank: it may be a percentage reduction corresponding to the portion of the residual capital repaid in advance, or it may lead to a reduction in the duration which, by virtue of the lower interest to be paid, will have the effect induced in any case an installment reduction.

 

The advice of Mister Banko

The advice of Mister Banko

The amount of the installment is not only important because it gives you the measure of your commitment to repay the amount paid by the bank: remember that the requested sum will be financed only if you can prove that the resulting installment is consistent with your income. Consider this aspect well, you may find yourself in the position of having to provide additional guarantees or extend the duration of the loan.

Finally, don’t limit yourself to considering the starting rate of the loan, if you choose a variable rate, consider well the risk of an increase in the same installment, especially if the duration of the loan is long.