What is the loan capacity: How is it calculated?

Loan capacity sets the limit for borrowers wishing to use a credit. This is the debt capacity, which is the maximum monthly amount a person is able to repay based on expenses and income.

Borrowing capacity is a key element of the funding file. Before you take out a loan, it is important to make sure that you have enough resources to continue to live properly during repayment.

You have to calculate your loan capacity

calculator,money

Loan capacity implies that repayments should not exceed a threshold of approximately 33% of household income. The calculation of borrowing capacity is a precautionary measure that must be taken by the borrower before committing. But the lending institution must also ensure the credit capacity of the borrower. For this, he will analyze various criteria that will determine the possibility of subscribing the credit. The first of these is the seniority in the profession: in fact, to measure the borrowing capacity, the lending institution will look at the duration of occupation of the same function within one or more companies.

  • Real estate borrowing capacity
  • Mortgage loan capacity
  • Loan capacity calculation
  • Borrowing capacity with contribution

This assessment will enable him to judge the professional situation of the borrower. Financial institutions generally apply for an indefinite duration contract (CDI). Also taken into account in the calculation of borrowing capacity , financial behavior; it is an analysis of statements of accounts over a period of several months (at least three) to define the relationship with the money of the borrower.

Ensure the loan capacity guarantee

loan

The presence of savings and the ability to meet one’s expenses are directly relevant to the calculation of loan capacity . For example, a home that fails to pay a rent of 700 euros per month will probably be denied a loan whose monthly repayment would amount to 900 euros; However, if this same household has savings of 500 euros per month, its capacity for mortgage is redefined. To guarantee its credit capacity, the amount of this savings, added to other income, must therefore be greater than the amount to be repaid.

Payday Loan – Reviews, experiences and discussion online

The first payday loan of CZK 10,000 for free!

The first payday loan of CZK 10,000 for free!

The first payday loan is free , if you repay it within 14 days. charges 33 crowns a month for each borrowed thousand dollar. The maturity of the payday loan is normally 30 days with the possibility of extension. When extending it is sufficient to pay 10% of the principal (I have lent 2000 crowns, the principal is 200 crowns) and the fee of 49 crowns for each borrowed thousand crowns and will automatically extend the maturity of 30 days. In this way it is possible to extend the maturity of up to 10x , so you can repay up to 10 months.

Payments postponed

If you do not get the money and you will not be able to send 10% of the principal, it is possible to send a single crown, or a higher amount and the payday loan is automatically extended by one month, then a fee of 79 crowns for each borrowed thousand crowns. Alternatively, it is possible to arrange a payment schedule.

It has no arbitration clause in the contract, so you can be sure that in the event of a dispute your dispute will be assessed objectively and in accordance with applicable law.

Big payday loan

Also provides a Big payday loan , a payday loan that is not a classic payday payday loan (a smaller amount and a short maturity). As part of a large payday loan, you can borrow up to CZK 200,000 with a maturity of up to 96 months . The annual interest rate starts at 7.8% .

Additional services with payday loan

  • SMS service – for 49 crowns you will be informed of the upcoming maturity, payment acceptance etc.
  • Express payout – you will receive money for a bank account for CZK 199 within 60 minutes
  • Safe installment – you can defer the installment twice for a further 30 days for 199 crowns
  • Crown deferral – send one crown and installment will be extended by 30 days for a fee of 79 crowns for each thousandth crown borrowed

Paycheck

Paycheck

Newly, allows you to pick up a payday loan at terminals operators, so you don’t need your own bank account. You can have your payday loan money within one minute. Terminals find more than 4000. Overview of places where you can collect money here . The service is subject to a one-off fee of CZK 249.

Experience how to borrow

Completing the application will not take more than 5 minutes and it is very easy to process. To successfully complete the payday loan application, you will need an ID card, bank account, and mobile phone.

Features of payday loan

  • The first FREE payday loan
  • payday loan amount: 1000 – 20 000 CZK, Large payday loan up to 200 000 CZK
  • Maturity: 30 days with the possibility of extending up to 300, Large payday loan up to 96 months
  • Method of payment: transfer to bank account, at terminals operators
  • payday loan without guarantor: Yes
  • payday loan without proof of income: Yes
  • payday loan without registry check: No.
  • Receipt: No