Health is the greatest good we can have. However, many people forget this and are therefore very negligent about their health. Only when you are ill for a long period of time do you know how important it is to take care of your body and soul.

If you are absent for more than six weeks, you will no longer receive wage payments, but only sickness benefit. Its amount is based on the last gross income. Sickness benefits are usually paid by the health insurance company. It is considered a social benefit and is therefore not counted as attachable income.

If you are interested in a loan despite sickness benefit, you must first of all be aware that the income, which is considered one of the most important forms of security when lending, does not exist. It will therefore be difficult to find a bank that is willing to lend under these conditions.

That is why a loan is a difficult topic despite sick pay

Those who have been sick for so long that they have to claim sick pay are usually seriously ill. In many cases, it cannot be predicted how long this disease will continue and how fit the person will be after recovery. Can he go back to work? In his old job? With his old employer and at the old conditions?

The banking houses in our country naturally know that these uncertainties exist when it comes to receiving sick pay and therefore classify this as non-attachable. This means that the security that a fixed income offers does not exist. Should the borrower fail to pay the installments, the banks would have no way of seizing the debtor’s income.

Therefore, despite sickness benefit, a loan will only be possible if the prospect tries to find a second borrower who can prove the desired fixed income. If this succeeds, almost any loan is possible. However, it should be borne in mind that sickness benefit is not paid forever. If it is not possible to recover in time and start working full-time again, Hartz IV can threaten you with sickness benefit. And this means even fewer options for repaying the loan to the issuing bank despite sick pay. Therefore, a loan should only be taken out in the event of illness if this is really necessary and cannot be avoided.

What about a consumer loan?

If a consumer loan is sought as a loan despite sickness benefit, the admission requirements are less difficult. Because a consumer loan that is earmarked and can be conveniently applied for from many retailers does not require a fixed income, but only income. Since sickness benefit is also income, it is recognized for the loan and can be used as security.

It is only important that the sickness benefit is higher than 450 USD and is paid on time every month. Furthermore, a positive Credit Bureau must be proven and the borrower must be at least 18 years old. All consumer goods that the lending dealer has in store can then be financed. Some of the dealers have minimum funding limits. Others also set a maximum limit in order to keep the rates to an acceptable level. A guarantor or second borrower is only needed if there is insufficient income or a bad Credit Bureau. Otherwise, the consumer loan is also offered to individual borrowers.

Tips for borrowing

Even if you have opted for a consumer loan, where it does not matter how the revenue is made up, it would be wise not to tell the lender that you currently only have sick pay. He could then consider whether a loan would make sense in spite of sickness benefits under such conditions, or whether the loan application should not be rejected better.

In order to avoid these considerations entirely, only the question of the amount, but not of the type of income, should be answered when applying for the loan. You avoid so many problems that don’t have to be and that make borrowing unnecessarily difficult.

Everyone at some time in our life has resorted to borrowing, either to finish the fortnight, buy something on sale or buy a home or a car. The reasons are many; however, only some forms of financing really help us get what we need without consequences for our pocket, such as payroll credit. Why?

This is nothing more than a simple, fixed amount credit , which can be obtained by an employee who receives his salary periodically through a deposit on his card or account where they deposit your salary, says the Saveline Bank . If in this way you receive your pay, you already meet one of the first requirements to obtain it.

Payroll vs. …

• Credit , departmental or self-service cards : It will not allow you to spend more, because the amount borrowed is based on your ability to pay . You will avoid interest and late fees or pay late, as the monthly , weekly or biweekly fee is automatically discounted.

• Personal credit : You will be calm for the days of payment , since the automatic discounts avoid the extraordinary costs and commissions for late deposit or non-payment. In addition, you are more likely to pass because your salary is the guarantee.

• Automotive financing: It can also help you get the money you need to renew your vehicle, in addition to the automatic discounts to pay for it will avoid extraordinary interest.

Payroll credit is a favorite of Mexicans, as its granting to millions of workers increased 2.6% between June 2017 and the same month, but in 2018, Saveline Bank said. In addition, it is one of the least delinquent reports, since its delinquency level was 3.0%, lower than that reported by the consumer finance sector as a whole (cards, personal financing, etc.)

Loan without Credit Bureau

The idea that the Credit Bureau is only a record for debtors still exists … and in part this is true, but in reality the information it has not only has to do with delinquents and is not always to harm users.

Those who have opened a bank account no matter what type, have applied for a loan or a mortgage , automotive, departmental card and even, hired mobile telephony and cable TV, are within this register.

This company generates a history that allows financial institutions (multiple banks or other credit and commercial institutions) in Mexico to know what type of financial products you have requested and if you have been a good payer. By this last one you obtain a qualification that many financial institutions consider to lend you. So if you are fulfilled and you pay on time you don’t have to worry, because for you it will be easier to access loans.

Be careful if any person or company promises to erase you from the Bureau because this is impossible. Better check your status in the Bureau , it’s free once a year. For more information click here.

The healthiest thing for your pocket is to have a good track record; However, this is not always possible for different reasons, from eventualities (accidents, unemployment , illnesses, etc.) to disorganization, bad habits and lack of education in the management of your finances.

However, it is not always essential to have a good credit history to borrow. Although most financial companies require it, some offer a vote of confidence to loan seekers even if they do not have a good rating.

Many times they do not ask for a guarantee or a good record, because your salary is a sufficient guarantee for them.

Who can apply for a payroll loan?

Most public and private sector employees can request a credit with automatic monthly , weekly or biweekly discount to the account where their salary is deposited.

However, state government workers, teachers, retirees and public sector pensioners are more likely to access these credit solutions, as solvency and timely salary are sufficient support to be subject to funding.

How to apply for a payroll loan?

If you already have all the information you need and are sure to request a credit with automatic discount to your card or payroll account, it is important that you consider that some institutions ask for certain requirements, such as being old in the workplace or other.

In the case of public sector workers the requirements are less, some of the most common are:

1. The last two heels or payroll receipts
2. Valid official ID
3. Additional document (only if the institution or bank where your salary is deposited requires it, such as proof of address or months of employment)

The amounts lent you can go from three thousand to 300 thousand pesos, and processing the credit application can take 24 to 48 hours, so once approved you will be sure that it will be deposited as soon as possible directly into your account where You receive your pay.

Eventualities happen and many times we need resources to solve them. If you find yourself paying your payroll credit , but you need to borrow a little more, you can request a refinance.

Formally refinancing is the extension of a current credit line . That is, if you already have one with a bank or financial group , they lend you a little more for what you need.

The main condition to access refinancing is to be punctual in your payments. If so, it is practically approved and under conditions similar to those of your original financing: same term , interest rate , etc. Once approved the resources will be deposited in the account where you receive your salary.

In some cases, refinancing offers you new financing with the option of reducing interest rates (lower interest rates) and even increasing terms , etc., unlike asking for new loans, cards, going to a lender or any other type of financing.

This new amount will serve to finish paying what you owe from the first, and the rest to use it in whatever you need. In this way you can achieve savings and the rest of your goals, such as finishing paying another debt (reducing interest and costs ), starting a business plan or any other purpose.

What happens if I don’t pay a payroll credit?

Reasons for not paying loans are many, among which the eventualities stand out: dismissal or change of employment, retirement, death or any other; or, a disorganization and even willingness not to pay.

Initially, one of the first consequences is the accumulation of interest and commissions payable late or unpaid, which obviously will cost a lot to resolve. Therefore, it is best to try to pay on time.

However, if the reason for your non-payment is a change of employment you must notify the entity with whom you have the financing on the new bank account from where they can deduct the monthly , biweekly or weekly payment , to avoid delays.

If the default occurs due to death, accident resulting in disability and even unemployment , some institutions offer life insurance to pay off the debt or restructure the term of the loans. Everything will depend on the clauses of your contract. Sometimes the hiring of this type of insurance is mandatory.

Remember that a payroll credit should help you achieve your goals and consolidate your equity future, therefore, you will be a good payer as long as the payments from where you deposit your pay are automatically discounted.

Why use a payroll credit?

The loans have different uses, it all depends on the type of financial product you choose: a card , to acquire a car, start your business, etc., but also the way you manage your resources, because the population in Mexico still lags a long way. in the proper management of your personal finances.

Expenses of food, personal or service payments (40.9%), attending emergencies or unforeseen events (18.2%), buying, repairing, remodeling or expanding a house; buy land, vehicles, jewelry, animals, etc. (11.5%), health (18.8%), education (11.8%), pay vacations or parties (3.7%), start, expand or operate a business (6.2%) and pay a debt (4.9%), are the main reasons why we Mexicans resort to financing, according to the National Survey of Financial Inclusion (ENIF) 2018.

Here the recommendation is that you apply for your credit for that which you think will really be worthwhile and that will improve your quality of life . Think about it!

One of the most versatile loans that allows you to do all of the above, and even more, is the credit with automatic discount to the account where you deposit your salary , which also has the advantage of not indebting you more or else, delaying payments.

Remember that a loan of this type benefits you as long as you use it responsibly, only when you need it, and of course, that you have a fixed income to pay it off.

Do you remember the time when you actually had to show up at the bank to apply for a loan? Fortunately, that time is over and in today’s modern IT community it is actually possible to get granted and paid off a loan the same day you applied. In the old days it took weeks, now it takes 1-2 business days before the money is on account.

Not only that, banks are working towards a solution that will enable most people to get granted and pay off a loan within a few minutes.

Sign the loan application with BankId

Most of us use BankID when paying bills in the online bank or when we take out new insurance. It is also possible to use BankID as an electronic signature when applying for different types of loans such as consumer loans, car loans, small loans and credit cards.

If you have applied for a consumer loan on the day and the loan application has been granted then you can sign the debt note with your BankID. The signing itself is done in a few minutes and it is actually possible to get the money on account the same day.

Where can I get BankID?

To get BankID you must be at least 18 years old. All you have to do is bring your passport and visit your local bank. The process itself is very simple and it is actually possible that you get your new BankID on the day.

Consumable loans without collateral during the day

As mentioned, it is possible to get a consumer loan on the day. How quickly the money is actually paid depends on a number of factors such as the loan amount, which bank you use and how quickly you get a signed debt note. Most often, you can expect the money to be found in your account within 1-2 business days.

It is different with us than at the bank. We don’t ask why you are taking a loan. We do not require a document binder. We will not make you wait a few days for your decision. If a loan without certificates, then only at Good Lender. Feel free and take what you want: a trip to the sea, a new phone, a gift for a wife, a visit to the dentist, a bill for tutoring, car repairs. 

SMART Loan – payday loan online:

We will make sure that the money arrives on time. You can apply for a loan online 24 hours a day, 7 days a week. Choose the amount on the slider, fill out a simple form and set the repayment date at 10,15,20 or 30 days, leave the rest to us. We understand your needs because there are people behind Good Lender. Our advisers approach each client and his needs individually. We make sure that a loan without income certificates is not a reason for losing creditworthiness. Wait for proof is not a commitment for many months.

Further loans without unnecessary formalities are granted after earlier repayment. As a responsible lender, we are guided by the letter of the law and ethical principles. We want the client to feel an equal partner in contact with us. Therefore, at Good Lender everyone has access to a model contract, legible tables of fees and can be sure that the rules we commit to will not change. All information necessary to decide on cooperation can be obtained through our website or by contacting our consultant directly. For us, dialogue with the customer is a value, which is why we actively participate in an independent information exchange platform such as Jenny. It is important to us that the client fully understands the principles of borrowing money.

Postponement of repayment date of short-term loan:

Every new customer who benefits from the “First loan for free” promotion, in the event of problems with the repayment of the loan, may use the option of postponing the repayment to the same period for which he received the loan. And so, if the loan was granted for 30 days, after paying the appropriate fee, you can postpone repayment for another 30 days. More information can be found in the regulations of the promotion. 

On the other hand, regular customers who have been granted a loan once again can use the so-called refinancing loan provided by the Lender cooperating with Smart Loan.

Refinancing will be made for the period for which the loan was taken

More information on refinancing and the amount of fees can be found in the Framework Agreement and the Table of Fees and Commissions.  In the event of a delay in repayment of the loan, the Lender reserves the right to take action to return the loan by the Borrower. In particular, the Lender will call the Borrower to pay by phone, by sending an SMS, e-mail or a written request for payment. If it is necessary to seek a refund by court, the Borrower shall bear the costs. 

It turns out that the loan always has a bank form. Therefore, it cannot be granted by any other institution and this issue is described in the Banking Act.

Loan and a credit

Everyone who has applied for a loan knows that in order to collect money it will be necessary to sign a so-called loan agreement. It contains all the most important information regarding the repayment schedule and the amount of subsequent installments. These factors depend on how long we decided to take out a loan. You should also mention the fees associated with this form of borrowing money. Simply put, loans are … expensive. They involve a lot of additional fees, including commissions and interest. Another important feature is the form of obtaining money. For example, when you decide on a loan to buy an apartment, the money will be transferred directly to the developer’s account. The same is true for a plot. Of course, it is possible to take a cash loan, but few people decide on it because the fees in this case are too high.

Therefore, the borrower is unlikely to see physical cash, so he will not formally own the money at any stage. They will be transferred on his behalf to the previously indicated account. Finally, it is worth mentioning the most important feature of the loan.

It is always given for a specific purpose.

Therefore, after signing the contract, we cannot change our minds and money instead of refurbishing the apartment for a new car. If such a situation occurs, the bank has the right (and certainly will use it) to demand the return of the entire amount borrowed.

Not just banking

The loan is granted on the basis of the provisions contained in the Civil Code, and thus it can be granted by anyone, even a private person. Unlike a loan, a loan does not always require us to sign a contract. We must do it when the amount borrowed exceeds USD 500. What’s more, the loan can be free. It all depends on the arrangements between the lender and the borrower. The amount we need can be used for any purpose and at any time, without risking a penalty, we will be able to change it. We also have the option to choose the form of payment – bank transfer or cash.

Difference

There are many differences between a loan and a credit. It would seem that a loan is always a wiser choice because it is really good compared to a loan. However, everything depends on the purpose for which we want to spend additional cash. Nobody has heard of a loan for a new apartment or a loan to buy a fridge. Both the first and the second choice is an important decision, often involving additional fees and the need for regular repayment of installments. It is worth remembering.

The apprenticeship loan is a special form of consumer credit and is usually used as a installment loan. However, there is always the question of whether an apprentice can even get a loan! Trainees who want to buy a new vehicle for entry into employment have the opportunity to do so at the manufacturers’ banks and at various financing institutions. Details about the trainee credit can be found here. Information and advice on loans for apprentices and the comparison with Credit Aid.

The trainee loan – promotion of apprentices

For many young people, starting their apprenticeship means being on their own two feet for the first time. 2. Mostly with little cash. Expensive purchases are therefore usually not possible and – provided the guardian or other dependents do not contribute – only at the end of the training.

Through an apprenticeship loan, the trainees can still have specific requirements for themselves during the training. With an apprenticeship loan, apprentices receive short-term funds to finance larger and more expensive purchases, such as a flat or a vehicle. In many credit institutions, loans are only granted to interns who have completed probation and are in permanent employment with a regular salary.

The involvement of a guarantor or competitor is usually beneficial for obtaining an apprenticeship loan. An apprentice loan? Trainee loans are micro-loans ranging from a few hundred to around 5,000 USD. In most cases, banks lend only those manageable amounts to ensure that the trainee can repay the loan.

With small monthly installments, student loans are an attractive option for teens to get to their destination quickly. What is an apprenticeship loan suitable for? The classic apprenticeship loan can be found in the usual loan comparison. These loans are provided by banks such as: For example, credit institutions are granted to the trainees named as borrowers. For interns, an instant loan can be very attractive as they can receive the promised capital directly and use it for purchases.

However, it should be noted that the trainee has to repay more than the agreed loan amount. The loaned from the house bank service is interest. The apprentice must also reimburse them for the monthly installment of the loan. Compared with branch loans, online credit often offers learners more favorable terms, for example in the form of cheaper rates.

When is an apprenticeship loan possible? Taking out a loan should always be well thought out and only done when money is needed for expensive purchases. The trainees usually have little coal. If they get little or no help from their guardians, it will be difficult with the first house or car.

The apprenticeship loan enables expensive purchases. However, the loan should only be closed if it is genuinely ensured that the loan can be repaid. Many trainees want to be on their own two feet at the beginning of the apprenticeship. An apprenticeship loan for the apartment can help here. However, it should be checked whether the financing in the furniture shop or in the electrical retailer should not be cheaper than the apprenticeship loan.

Especially in rural areas, many of the apprentices rely on their own vehicle. That’s why they depend on their own vehicles. in practice. The apprentice loan for your first automobile helps you to finance your own vehicle. To obtain a loan during the training period, the trainee must meet a number of requirements. Even as an intern, it can be very difficult to even apply for a loan.

As a rule, loans are only granted to adults living in the Federal Republic. In addition, many other influencing factors determine whether a financial institution grants the loan: The basic requirement for a loan in continuing education is a regulated income ratio. If the trainee receives remuneration from the apprenticeship company, he can report this to the house bank as current remuneration.

But there is a special case: If the trainee still lives with his family, the rental costs are eliminated – ie the highest investment. An apprenticeship loan is still possible in many cases. The apprentices initially work during a probation period in many companies. However, many credit institutions grant an apprenticeship loan only after the probation period has expired.

If the trial is still going on, getting a loan is very difficult.

Often, loans are only possible after the transition from probation to permanent employment – with some banks only after several months. However, there is still a chance that the trainees will be paid out during the probation period.

Some banks also hand them over to the trainees during the probation period. However, the loan is usually limited to a loan amount of less than USD 1,000 and must be paid within 30 days. Unless trainees are able to provide permanent employment after completing the training, it is usually not possible to obtain a loan period beyond the training period.

On the other hand, if the trainee can confirm in writing a permanent job, longer-term employment is possible. Many banks regard trainees as risky trainees because of their low and mostly long-term uncertain earnings. A guarantor or competitor may be called in to receive a loan.

This is necessary in many cases, as some institutions do not provide an unincorporated apprenticeship loan or an apprentice loan without a competitor. The trainee loan goes with the competitor another way. However, if the apprentice is no longer solvent, the competitor must pay more than the remaining repayment. The competitor can also be claimed in advance by the house bank.

This gives the institutions more collateral and increases the chances for trainees to receive a favorable loan amount. In return, the applicant has a say in borrowing. For example, the legal guardians may decide what the granted amount may be used for. Trainees who do not have a good credit rating and can not find a guarantor or competitor usually do not receive an apprenticeship loan from a bank in Germany.

However, there are alternative options such. Eg credit markets or credit bureau-free lending. Which requirements do I need for an apprenticeship loan? The apprentice must be of age and be resident in the Federal Republic of Germany in order to receive an apprenticeship loan from a bank in the Federal Republic. These include completion of vocational training and proof of current income.

In addition, loans for apprentices are often only granted if there is written proof of permanent employment after the apprenticeship. A trainee with a negative credit bureau entry must expect not to receive an apprenticeship loan.

Information and advice on loans for apprentices and the comparison with Credit Aid. The apprentices have relatively little money and are not yet receiving a high salary. If these people have to afford something very expensive, only one loan can be considered for realization. The trainees quickly realize that life with its relatively low salary can not be fully enjoyed. The saying “Apprenticeship is not a man’s age” is reflected above all in the scarce financial resources of most trainees.

Request credit for apprentices on the Internet

With an apprenticeship loan, you can overcome the financial difficulties during the apprenticeship period, buy books and study material, or relocate to a new hometown. Despite credit bureau’s entry, we can offer you here today a loan for trainees. However, it is always agreed individually on the approval of the loan, ie a loan for trainees without credit bureau examination is not possible.

New customers can apply for up to $ 600. From the second loan, existing customers can borrow up to $ 1,500 for trainees. If you, as a new customer, wish to take out an apprenticeship loan through this service provider for the first time, a loan amount of up to $ 600 is possible. Depending on the credit bureau score, the second apprenticeship loan can be up to 1500 $.

Credit for apprentices – when is it worth it? A loan for trainees can be used, for example, when a book or a calculator must be purchased. A loan for apprentices also finances a vocational training or a study visit. Even an apprenticeship loan can be the best solution if a deposit for the first apartment is to deposit or a monthly card must be purchased.

Who accepts an apprenticeship loan in the form of a micro-loan, enjoys many benefits. With a loan for trainees you will receive cash in a short time. The added value of express service enables trainees to make quick cash withdrawals when borrowing. Apply now for your internship budget.

Loan for apprentices

Interns usually do not get much, but they have many yearnings. One way to achieve these goals would be to save, but apprentices who no longer live at home have little chance of enriching themselves. Microcredits can be the answer to financial difficulties, because a microcredit has a short-term effect, the loan amount is not too high and the risk of getting into a debt trap is relatively low.

Just a few years ago, banks had little desire to grant loans to trainees. Although these loans were granted, the trainees could not claim a loan without a guarantor. This means that the mothers or fathers have applied for the loan from the house bank or have set aside as guarantor.

Today, there are micro-loans that can be used even without a guarantor or competitor. How much do I have to take as an apprentice for a loan? Remuneration differs greatly depending on the vocational training, but the young people do not really get much during their vocational training. For a loan application, however, it is not so much the deciding factor of how much you earn, it is the deciding factor that the capital regularly arrives in your bank account.

Like all other borrowers, the home bank apprentices must submit their payroll statements for the past three months. Apprentices have a good chance of getting a microcredit, even if they do not take that much. What is the loan amount that I can receive with a loan for apprentices?

Anyone who wants to buy a new cell phone or acquire a driver’s license as an apprentice, does not need to take a large loan amount; an amount between 300 and 1000 USD is sufficient. The relatively small loan amounts are offered in the form of microcredits, which are usually between 100 and max. 3000 USD.

Microcredit fulfills the wishes of the learners very well, because nobody wants to go into debt for a longer period of time and pay off a loan amount even after the training. A small loan amount also avoids the way into the debt trap, because the borrowers always have the perspective. Under what conditions is a loan for trainees possible?

The shorter deadline, the sooner the borrower is free from debt again. Microcredits with very short maturities are suitable for trainees who want to repay their loans quickly. For many micro-loans, the minimum contract term is one day, with many providers specifying 36 calendar months as their maximum lifetime. The duration of the repayment term depends firstly on the size of the loan and secondly on the repayment possibilities of the borrower.

With some providers, it’s also possible to set your own deadline, and most providers start repaying the loan the entire day after it’s been granted. In the case of the big house banks, the granting of micro-loans to trainees is often still cautious, since the banks do not take on too much with these loans because of the short maturities and the low loan amount.

In the meantime, however, some service providers have concentrated on micro-loans for apprentices and have good prerequisites. For micro-loans for apprentices, the following service providers are possible: What do I have to consider when applying for loans? Trainees who want to take out a small loan should adjust the offers in advance, since only so much costs can be saved.

Do we earn enough money to get a loan? Whether you submit a loan application to a branch or to a direct bank on the web, anyone applying for a loan must present their passport or passport. In some banks, apprentices also have to show their apprenticeship contract. If you need a quick and easy progress, you can find the ideal form of credit in a mini loan or short term loan, as a mini loan a very short term and small amounts of loans are also possible.