Student loan was once an additional loan with the student grant, since 2016 the student grant has been converted into a loan: the study surplus.

Studying costs money. Students pay tuition fees, study materials and often also housing. Previously, students from the government received student finance and part of the income from part-time jobs was paid. Another option to finance a study is the student loan. A distinction must be made between the loan with a commercial authority and us (Dienst Uitvoering Onderwijs.) The financing of the study has been subject to change for decades, and the student grant also changes on 1 September 2015.

New: student advance

From the academic year 2015-2016, the student finance for HBO and university has been converted into the student loan (for MBO the current scheme will largely remain.) This means that the basic grant will disappear. Instead students can borrow a maximum of € 854.13 per month (from 2016 this amount is set at € 862.50 per month.) This does not require payment of tuition fees. A maximum of € 162.58 per month can be borrowed for tuition fees. The mandatory repayment period has been extended from 15 to 35 years. Students with less well-off parents are still entitled to an additional grant. This scholarship is part of the abovementioned € 854.13 and is converted into a donation within 10 years.

Additional borrowing

The advantage of a student loan is that it becomes possible to study without spending a lot of time and effort on a job. This increases the chance of graduating within the set period without study delay. The loan from us is certainly advantageous because of the low interest rates that are calculated (the percentage shows a downward trend in recent years.) The extended term can also be called favorable and compared to commercial loans the student loan has all kinds of interesting conditions ( for example, no penalty when paying off the loan at once.) In addition to the study surplus, student credit can be used at a commercial bank. Repayment of this starts after the end of the study but at a much higher percentage than at us. A handy interim solution is the conclusion of a student account that, among other things, leaves more room for red.

Cons

Despite the often favorable conditions, there are a number of drawbacks to the student loan. At a fairly early stage in life one is saddled with a debt. In theory, it should simply be possible to pay off when a job is found after the study. This scenario may be too rosy if one also has to pay the costs of daily life as an employee. This applies entirely when you do not know how to complete the study.

What is bridgefund loan?

Bridgefund, also known as a bridging loan, offers a quick and easy solution for companies that require immediate capital. In short, it is a short-term loan that is concluded in anticipation of the regulation and / or approval of a larger loan. Bridge fund loan enables individuals, companies and entrepreneurs to acquire the much-needed capital so that they can meet their direct financial obligations. There are several advantages and disadvantages to the application procedure that we will discuss later.

Bridgefund is ideal for:

• Immediate capital
• Quick application and approval procedure
• Bridging between larger loans
• Commercial real estate transactions

How does a bridgefund loan work?

Bridge loan is most often used in commercial real estate transactions. When an investor needs immediate capital to close a house, he or she can apply for a bridge fund. It is a short-term loan option to secure direct capital for real estate purchases. The bridge loan is usually repaid after the property has been sold. This does not necessarily mean that all bridge loans are used for real estate. On the contrary, they can be used for a wide range of applications.

The difference between bridgefund loan and money loans

Some people assume that bridgefund loan and loans with a money are the same. Although they are both short-term loan options, there is one major difference that separates the two: a bridging loan bridges the gap between longer, larger loans, while a loan with hard money does not.

Risks bridgefund loan

As with most loans, there are risks associated with a loan. Because it is used as a temporary bridge between larger loan options, borrowers must use their common sense to determine whether or not they can pay it back.

How can a bridge fund apply for funding?

For more information about obtaining bridging loans or questions about the business loan process, please contact a bank. If you want to start a loan request, you can also get started online.

Benefits of bridge loan

The biggest advantage of the bridge fund application process is the short approval period. With other forms of loan, such as traditional loans for small businesses, companies have to wait weeks or even months to acquire capital through complex application procedures. For comparison: bridge fund loan can be acquired within a few days. If you need capital now and do not have the time to wait for a traditional loan, bridgefund loan can be the right choice for you.

Other advantages of bridgefund:

• Short term compared to a mortgage from a bank or construction company
• Sometimes available for persons with invalid credit
• Can improve the credit profile if repayments are made on time
• Longer loan when needed
• Can offer fast loan for auction purchases
• Sometimes more flexible than loan by regular lenders
• A loan can be completed within a few days to several weeks, which is generally faster than the finances of a regular lender

Bridgefund disadvantages

There are also some drawbacks to bridge the loan, including above-average interest rates, closing costs and points. According to research, bridge fund loans carry interest rates that can be 2% above the average fixed rate loan. Keep in mind that this is just an example, so do not assume that you have the same interest for your bridging loan.

Other disadvantages at a glance:

• Can be very expensive. Typical rates of 0.5% to 3% depending on the lender
• Related costs can be quite expensive
• A large number is due to the fact that interest rates are charged
• Borrowers are not flexible when it comes to late payments
• For each month the loan remains unpaid, it attracts compound interest
• If the borrower defaults, this has a negative effect on his credit profile

If you wish to apply for a loan , the additional monthly payments can not be avoided.

With handy calculations that can be made, you can calculate your monthly costs to get a simple and transparent indication of the monthly costs that would come together with your money loan. This way you can calculate your maximum loan and view your monthly expenses, so you know immediately whether you can borrow cheaply .

Today it is no longer difficult to calculate your possible monthly costs. For a more personal loan advice, you can request an interview with an expert adviser.

What are monthly expenses?

Monthly charges are the costs of the loan that return monthly. The monthly payments can consist of interest and premium, interest and repayment or interest only. An interest payment must always be paid. If you calculate your monthly costs, an interest payment is automatically taken into account.

Calculate responsible monthly costs

It is important that credit applicants do not borrow more money than is justified for their situation. That is why it is very important that you take your personal financial situation into account and that you take out a loan with responsible monthly payments and have these monthly payments calculated .

Issuers are always satisfied when the monthly payments easily fit within the financial situation of a client. However, the duration of the loan must also be taken into account. It can therefore in some cases be more attractive to bear higher monthly payments for a shorter term. Calculating monthly costs must therefore be done extensively for you.

Monthly charges are very important

It is very important to calculate your monthly costs in advance. You do not want to be unable to go on holiday due to the monthly expenses of your consumer loan or mortgage. Therefore you should take this into account beforehand. Make sure that the monthly payment of the money loan fits your financial situation.

Quickly borrow 50 euros or 1000 euros ? You can request a mini-loan.

It can happen to anyone that you want to borrow money quickly because the payday of your salary or benefit is not yet in sight, in such a situation you can choose to be red for that amount but in most cases you pay more interest than you borrow 50 euros from a lender where you take out a mini loan. After all, a mini loan is the solution if you need money urgently and because you can borrow it online the money is also quickly on your account and that is the big advantage of the mini loan.

Borrow 50 euros online

If you decide to borrow 50 euros by means of a mini-loan, you can quickly arrange it online, so no hassle with paperwork you can arrange it quickly and easily from your own living room. Because 50 euros is a relatively small amount, no BKR check will be done, so you can also borrow money without BKR . A bank will usually carry out a BKR check for amounts higher than 1000 euros, whereas at 50 euros the lender runs almost no risk, so the lending history of the customer is not that important.

The interest or extra costs are fairly low if you want to borrow 50 euros and usually the term is so short in such a small amount, so you do not have a debt for long. What you have to pay attention to is that you pay back the borrowed amount on time after the term otherwise there will be a fine.

The loan form “mini-loan” is also very suitable for borrowing higher amounts because you firstly apply for the loan online and secondly because you will receive the money quickly into your bank account so that you can dispose of the necessary money on the same day. this loan form also called flash credit and you can borrow money without work and with negative BKR quotation. Enough reasons to opt for a mini loan if you want to borrow a small amount.

Borrowing money without interest, that is possible if you take out a mini loan or a flash loan.

With this form of borrowing, you take out a loan for a short period for a relatively low amount of money (€ 50 to € 800). The amount of money is quickly available, making this form of borrowing extra attractive in case you need money fast.
With a mini loan no interest is paid, so you can borrow money without paying interest. You will, however, have to pay costs when taking out a mini credit. How high these costs are that differ, so it is wise to compare the mini-loan providers, so you can save money on your loan. If you compare, it is also advisable to check whether the relevant lender also provides you with a loan without BKR assessment.

Borrowing fast money

If you want to borrow money as a matter of urgency because you have come to unexpected costs, a mini loan is the ideal solution. You quickly have the loan amount, usually you have the money on your account the same day. With a mini loan, BKR testing is often not carried out and you can also borrow money without payroll, making it possible for the lender to transfer your borrowed money quickly.

Borrow without interest, the mini loan

An advantage of the mini loan is the speed at which you can dispose of the money. Another advantage is that you can borrow money without paying interest. For example, if you are red on your payment account, you pay an average of 12% interest on that, so the interest rate on a mini loan is 0%. You have to take into account that although you can borrow without paying interest you will be charged. You must therefore check carefully how high these costs are compared to the amount borrowed. Our advice is therefore to compare the mini-loan providers before you take out a loan.

Costs for borrowing without interest

The administration costs for a loan without interest can amount to about € 50, – so if you would borrow € 600 every month, then this amount will rise to an amount of € 600, – so this is equal to 100% interest. If you borrow € 600, – once – then the percentage is not yet 10% if you pay € 50, – administration costs. So pay close attention to how much costs are involved in concluding a mini-loan.

Borrowing without interest from which provider?

If you decide to borrow in the form of a mini-loan, you want to take out a cheap mini-loan. Comparing the mini-loan providers is then a must, which provider charges what costs and how high are these costs? All things you need to know if you want to take out the cheapest mini-loan. The savings on a mini loan can amount to a few tenner on a loan and that is quickly earned.

Repay the loan without interest on time

If you take out a loan that you do not have to pay interest on, then it is extra necessary to repay the loan on time. If you do not do this, then the costs are extra high, because you will be fined for not paying the mini loan back in time. So if you have doubts about whether you can repay the borrowed amount on time then you can not request the mini loan, because the penalty is too high in relation to the loan amount.

Among the various loans on the market without guarantees, there are payday loans , a product offered for those who do not own a paycheck.

It is essential to be in possession of the PostePay card.

Therefore, there is the possibility of accessing small loans of amounts equal to or not greater than:

• € 750.00
• € 1,000.00
• € 1,500.00

We see all the features of this financing.

As previously highlighted, a special loan that does not require a paycheck and only Postpay holders aged between 18 and 70 are entitled to access it. Below we indicate the documents required to make the loan request:

• Identity card
• Health insurance card
• Income statement document

Foreign citizens will have to integrate with:

• Passport in addition to the identity document
• Residence card / Residence permit valid
• Document attesting that you have resided in Italy for at least 12 months in the case of an employee, and for at least 36 months in the case of a self-employed person
• Documentation attesting work continuity for at least 12 months at the same workplace.

This type of financing is addressed as anticipated also to those who do not have a permanent job, but precarious or occasional. To make the loan application, you must go to the most convenient post office, fill in a specific form and submit the required documentation (see list above).

After collecting the loan, you must proceed with the repayment of the same, through monthly installments. At the customer’s disposal, according to his needs there are different repayment methods, let’s see them together:

• with postal bills
• charge on the Postepay Evolution Card
• debit on the postal account or bank account

The only downside to this Postapay payday loan is the interest rate that appears to be quite high. Compared to other banking products, the Postapay loan has a Taeg ranging from 15% to 18%, rather high percentages, considering also the low value of the loan.

Let’s take a small example that will help us understand: on a loan value of 1000.00 euros with a duration of 20 months, the customer will have to bear an interest cost of 138.00 euros, considering the very long loan term .  

Below is a summary of the Loans without Payroll: