Loans and mortgages

Good Finance is currently the 3rd largest and most efficient bank in Slovakia. It maintains its number one position in many areas every year, as confirmed by many international awards.

This bank is also exceptional in that it does not suffer from a large number of documents when processing a loan. All you need is a receipt and proof of the purpose of the loan. The bank will find out more information itself.

Good Finance also offers interesting loans for entrepreneurs and sole traders , but also for ordinary people, young people, pensioners or employees who have minor financial problems. Good Finance also offers housing loans.

Non-purpose loans

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A loan with a maximum amount of up to USD 25,000. You have the option of choosing the repayment date, determining the repayment period from 12 to 72 months, and you will get the loan even without a guarantor .

You will receive the result of the approval within 24 hours. You do not have to prove the purpose. The monthly payment and the interest rate do not change during the whole time. The loan is intended for people aged 18 to 65, with permanent residence in Slovakia and a regular income from employment.

With this type of loan, in addition to drawing a loan, you also save. At all times, your finances and investments are valued. You do not have to prove your purpose or income.

You can draw a loan on the day of application. You also choose the day and time of repayment, you do not need a guarantor and you can repay the loan early at any time . The loan is intended for clients and non-clients of Good Financebanka, aged from 18 years, with permanent residence in Slovakia.

Mortgage Loan

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Loan with a minimum value of USD 10,000 . The maximum value of the loan is 100% of the mortgaged property with a maturity of 4 to 30 years. In addition to the loan, you will also receive a credit card for 12 months and loan insurance free of charge.

The advantages of the loan are also extraordinary repayments free of charge, equipment and drawing from the loan within 24 hours and, in addition, without invoices and blocks. The loan is intended for people aged 18 and over, with permanent residence in Slovakia and a regular income from employment.

Good Finance with state contribution for young people

The advantage is a 3% reduction in interest for the first five years of repayment. In addition to the loan, you will also receive a credit card for 12 months free of charge.

The advantages of the loan are also extraordinary repayments free of charge, equipment, and drawing on the loan within 24 hours and deferral of repayments for a certain period of time.

The interest rate is also advantageous – from 0.75% pa The loan is intended for people aged 18 to 35 with a gross income of up to USD 975.

TB mortgage without proof of income

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You can get a loan in Good Financebanka without proof of income. You only need an identity card and real estate documents to arrange the loan.

The amount of the loan can be up to 50% of the total amount of the property and with a maximum amount of USD 170,000. You can adjust the amount of the monthly payment to your conditions and you can repay up to 30 years. The loan is intended for citizens with permanent residence in the territory of the Slovak Republic or EU citizens.

American Mortgage TB

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With Good Finance you can also get an American mortgage with a maximum amount of up to USD 10,000 up to 80% of the value of the real estate established and with a repayment period of up to 20 years. Interest rates are low, 4.05% per year for a fixation period of 1 to 3 years, 4.55% for a period of 5 years, and 5.25% for a period of 10 years.

The advantages of the loan are extraordinary repayments, cheaper real estate valuation, and equipment within 24 hours. The gift for the loan is also a credit card for 12 months and credit insurance.

The loan is intended for citizens with permanent residence in the Slovak Republic, over the age of 18 and with a regular income from a company based in Slovakia.

Credit Advisor – What is the Best Credit Strategy?

What do I have to consider before I take out a loan? What information helps to choose the right financing and bank? Not every loan fits every life situation. You often tie yourself to a loan contract for years and pay the loan installments month after month. Regardless of whether for building finance, a car loan or an installment loan – comprehensive information is important for the right decision.

Credit selection

Credit selection

If you want to take out a loan, you should answer the following questions in advance:

  • What additional amount can I raise per month?
  • How flexible am I after completing the loan?
  • How much does my income fluctuate?
  • What major purchases am I planning in the future?

When the questions are answered, it is easier to make the right decision. For example, someone with a strongly fluctuating income should make sure that there are special repayment options or that the payment is made annually. If high additional loads restrict flexibility too much, it is often better to choose a long term.

How do I find out my monthly costs?

How do I find out my monthly costs?

The interest does not say everything about the monthly charge! The debit interest rate, for example, describes the pure interest rate without additional costs such as the processing fee. The most important key figure is the annual percentage rate. This describes the interest charge including ancillary costs.

The second factor that affects monthly costs is the amount of the repayment. If you want to pay off a high loan within a short term, you have a high repayment rate and therefore high costs. The absolute interest charge is lower due to the short term. With mortgage lending in particular, you get a significantly lower interest rate for a short term. Overall, a short term is, therefore, cheaper, but reduces the flexibility to deal with changes in the wealth situation.

How do I optimize the cost of my loan?

How do I optimize the cost of my loan?

The most important lever for low costs in financing is interest. The lower this is, the cheaper the loan. The interest depends on the term and the duration of the fixed interest period. The longer the interest rate is fixed, the more uncertainty for the bank and the higher the interest premium. A short fixed interest rate or a variable interest rate means low costs, but little planning security. You can optimize in both directions with the following strategies:

Take out loans with different terms and fixed interest rates

You can take out a loan with a short term or short rate fixation and a loan with a long rate fixation. In the mixed calculation you get a lower interest. At the same time, you have a high degree of planning security for the cross-country skier. With a building loan in particular, it is often possible to agree on higher special repayments, which can then be used for the long-distance runner as soon as the short runner has been paid off. If the bank does not allow flexibility in repayment, the disadvantage of this model is that you have to deal with a higher burden for a certain period of time.

Interest rate with a variable interest rate but a cap with rising interest rates

If you assume that interest rates will remain at a low level but do not want to limit the risk, you can use this credit strategy: you do not pay at the bank for the full rate fixation, but only for a maximum rate. This allows you to calculate your maximum credit risk, but benefit from lower interest rates or maybe even falling interest rates. Some banks even offer to use this model during the term of the loan. However, this means that you have to keep an eye on market events and indices such as the reference rate bank.

KSV-related problems with borrowing

KSV-related problems with borrowing

If you have problems getting a loan because of a negative KSV entry, you can find out about conditions under Credit without KSV and find out what you should definitely consider when choosing a provider.

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How a breach of lease can affect your credit

When you signed a lease for your apartment or house, you agreed to pay a certain amount of rent by a certain date each month for a fixed period of time, for example, one or two years. See http://notagoth.org/2019/06/21/payday-loan-debt-collection-why-consolidate-your-payday-loans-into-one-loan/ for the scoop

Sometimes you have to leave the lease earlier than you initially agreed

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You may be moving into work, buying a home with your new spouse, or you have fallen on hard times and can no longer afford to pay your rent.

Removing yourself from a rental before the end of your lease is called a termination of your lease. The termination of your lease can hurt your credit score, and in particular does not pay the remaining balance when you move out. Working with your landlord to terminate your lease can help you avoid damaging your loan.

Rental breach costs

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Your lease probably includes a rental fee that is charged when you complete your lease before it is completed. Depending on the terms of your lease, you will either be charged a rent or rent for the rest of the lease. Contact your lease or call your landlord to find out your rental lease costs and steps taken to breach the lease.

When you move out, you will also be charged for any damage to the apartment that is not covered by your security deposit. These costs should also be if you have not breached your lease. Speaking of security deposit, if you move in before your lease ends, you can lose security, even if you leave the apartment without damage.

Talk to the landlord about applying a security deposit to a lease lease fee. You can avoid violating your loan by fully paying the lease rental fees and giving your landlord advance notice requiring your lease. If you want to avoid paying a lease fee, you may be able to file your apartment.

A raise means that you have taken over the rest of your lease and payment to another person. Work with your landlord to find out the best practices to reduce the cost of breaking your lease and to avoid damaging your loan.

How Leasing Breaking could hurt credit

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You can expect your landlord to take legal action if you move out before the lease is concluded without worrying about the lease termination fee or any other arrears. If your landlord is currently reporting rents to credit bureaus, they can add an irregular balance directly to your credit report.

Or, your landlord can hire a collection agency to guide you to the rest of the lease or file a lawsuit in a small claims court to obtain a judgment against you. Either debt collection or judgment can end up on your credit report and seriously damage your credit score.

When your credit report contains negative items that result from breaking your lease, the listing will remain on your credit report for seven years. Negative grades will affect your credit score and your ability to rent another apartment, buy a home or car, get a credit card, or any other shop that requires a good credit score.

Legal reasons for terminating your lease

If you breach your lease because your landlord failed to fulfill some part of the contract, e.g., failed to make repairs that affect the occupancy of the dwelling, you may be allowed to move around without penalty for the offense. Consult the laws of your country and your lawyer to see if you have a legal reason that allows you to terminate your lease without paying a penalty. Movement for personal reasons does not usually qualify.

Credit Card Comparison – Which Credit Card Is The Best?

 

The ideal credit card in 5 steps: Austria compares

The ideal credit card in 5 steps: Austria compares

Soon the time has come: The long-awaited tour of the USA is just around the corner. The flight has been booked for months. The first hotels and guesthouses are also selected and reserved, and the remaining accommodations should then be decided flexibly on site. Only one thing is missing: a credit card that not only allows you to withdraw money or pay cashlessly while on vacation, but also allows you to easily book additional accommodation online or pay on site – preferably with maximum security.

Easier said than done – after all, the selection is huge. And even the best credit cards won’t knock on your door. You don’t have to stress yourself anyway. In just five steps, you can use the credit card comparison to find the right card for your individual wishes and requirements.

Step 1: Define individual needs

Step 1: Define individual needs

Regardless of whether you are a long-time credit card owner or a novice in the field, before you even deal with various offers, banks or a credit card comparison, you should ask yourself a question: When and for what purposes do I need the credit card?

Do you love traveling or are you traveling abroad a lot for business? Credit cards that are specially tailored to the needs of frequent travelers often not only offer practical services, but above all can protect against unnecessarily high costs abroad. Are you looking for a high availability limit, perfect service and special services such as insurance? Look for golden or platinum credit cards and secure yourself numerous extras, bonus programs or even concierge services.

Do you prefer to do your shopping online and use your credit card primarily for this? In this case, you can probably do without special services and instead look for a credit card with no annual sales and save money here. Do you have a special hobby and maybe you are an enthusiastic golfer? Then you could benefit from a credit card that is tailored to the needs of golfers. These credit cards often offer benefits such as discounts at numerous golf courses, special insurance (hole-in-one or travel protection) and other advantages.

Step 2: Before the credit card comparison, determine your preferred settlement method

Who knows what demands they have on their own credit card can at least narrow down the numerous credit card offers. The search becomes even clearer if you are also concerned about your desired billing method. Would you like to be able to pay back your expenses in installments or is it important to you to keep track of your sales at all times? Depending on the type of credit card, it may make sense. Also keep in mind that your credit rating will play a role in the issuing of the credit card. The more freedom in repayment, the more closely the bank pays attention to your liquidity. There are basically the following options:

  • Revolving Card: This is the classic credit card. Turnover made in this way can be repaid in installments within a certain period of time. In return, interest accrues.
  • Charge Card: With this type of credit card, all sales are fully debited from the credit card account at the end of the billing period.
  • Debit card: Those who like to keep an eye on their expenses can benefit from the debit credit card. The associated account is debited immediately with each payment.
  • Prepaid Card: The card that works on a credit basis must be topped up with a certain amount and can then be used until it is used up.

However, you should be aware of one thing: special claims can sometimes mean that you have no choice when it comes to billing. For example, if you see your credit card as a status symbol and value a gold or platinum card, you usually have little chance of getting it as a prepaid credit card.

Step 3: Use credit card comparison

Step 3: Use credit card comparison

The larger the selection, the more difficult the decision. This also applies to credit cards. Offers and banks in large numbers can quickly make you feel like you are losing track. But the more precisely you know what you want from the start, the more time you can save on the actual search. With cards that you have excluded for yourself, you can forego a closer look from the outset.

A credit card comparison also makes the search easier. It provides an overview of numerous cards from various banks, sorted by annual fee and important conditions. If you prefer a certain brand of credit cards, whether VISA or Master Card, you can tick the corresponding box so that you only get results of your desired brand. Even if it often hardly matters in terms of the conditions offered, the variety of cards or in terms of technology or security, whether you choose MasterCard or VISA, it is worthwhile to involve the credit card provider in the choice. If you choose a Diners Club card, for example, you should keep in mind that the acceptance points here are a little less diversified than for other brands.

As soon as the desired selection is displayed, you can compare the credit cards – at a glance. Cards that are too expensive for you or do not offer the right services can be excluded again. Candidates in question should take a closer look. Clicking the button takes you to the issuing bank’s website, where you can find out more details.

Step 4: Check conditions carefully

A credit card that convinces at first glance is great. Before you graduate, you should still know all of these details (and maybe some other alternatives). The following aspects should be considered and checked:

  • Costs: Do not only pay attention to the annual fee, i.e. what the credit card should cost. Because even if it is a free credit card, it does not mean that there can be no other costs. For example, fees for withdrawing money from ATMs, other transactions or abroad. You can also receive interest payments, such as overdraft interest or interest that arises when you choose to pay in installments. Find out exactly what costs could arise.
  • Conditions in detail: The credit card comparison gives a first overview of the most important services and points that should be considered. You can find detailed information on the respective bank’s website. Find out whether the credit card is issued with or without an associated (free) current account. Does the card offer extras such as insurance or discount services? Is it possible to get a partner card? What can the credit card itself do? is contactless payment possible, for example?
  • Security: Basically, credit card providers are constantly working on the further development of their security measures. For example, the magnetic stripe previously applied to credit cards has now largely been replaced by the more counterfeit-proof EMV chip. Mostly stamped card numbers, the test number printed on the back of the credit card and a hologram visible under UV light are intended to make card misuse and counterfeiting even more difficult. When shopping online, you usually don’t have to worry about security when paying. Master Card has developed the authentication method MasterCard Secure Code in this area, VISA’s security measure is called Verified by VISA.

Step 5: Apply for the best credit card

Step 5: Apply for the best credit card

Have you found the best credit card for you? Then you are almost there. Thanks to the Internet, credit card applications can also be made quickly, easily and, above all, conveniently from home. Clicking the button in the credit card comparison will take you to the bank’s website and the application form. This differs from bank to bank. As a rule, however, personal data such as name and address, but also information about your professional situation is always requested. In order to legitimize your details, some of your ID details are also required.

As soon as the application has been completed and the bank has received all the necessary documents and checked all the information, nothing stands in the way of issuing the credit card – provided your credit rating is correct. Because you should always count on banks to find out about your creditworthiness. However, if you have decided on a credit card that suits you, you shouldn’t have any problems here. So you can usually look forward to your new credit card a short time later – and relax with your next online shopping or packing your suitcase for the upcoming trip.