Payday Loan and Innovations for Microcredit

At the end of last month,RUSSIA FORUM 2017 was held in the capital where the best microcredit market experts discussed pressing issues. The event was coordinated by SRO. This large-scale event became nothing more than the merger of two main microfinance forums organized by the aforementioned coordinators.

The conference was actively attended by about 300 representatives of various fields, in one way or another, associated with microcredit activities. These include representatives of the authorities, the PPL Bank, SROs, major microcredit companies, the international microfinance community, financial experts and others.

 

Dynamics of microloan development

microloan development

One of the topics of interest was “How to cope with growing regulatory requirements and preserve business efficiency.” They discussed issues arising in connection with the regulator’s demand for changing the names of organizations and the subsequent actions of companies, provided information regarding the dynamics of microloan development.

 

Increase loyalty to their clients.

Positive trend in the microfinance market

Of course, it was interesting to discuss social issues. Payday Loans should continue to actively exist and increase loyalty to their clients. Small loans should be available to citizens of our country, and payday loans should raise their increasing confidence. You can not, just forget about supporting small businesses. They believes that every microcredit company should raise its rating and improve its image in the eyes of the population. Such actions should lead citizens to improve their opinion on the microcredit market and the financial sector as a whole.

It was noted that, despite a significant reduction in organizations in the ranks of Payday Loans, last year there was a steady increase in payday loans issued. Perhaps the PPL Bank, by its “mopping up”, has just increased the confidence of citizens in fast loans.

 

Positive trend in the microfinance market

Positive trend in the microfinance market

Most of the speakers at the conference said that at the moment there is a positive trend in the microfinance market. All referred to the fact that this was facilitated by the introduction of new laws, mainly protecting borrowers and the responsible attitude of companies to these laws. Now companies need to continue to increase loyalty to customers, as well as introduce new technologies into their business processes.

Payday Loans, as well as financing in general, should be understandable, accessible and convenient for every citizen of the country.

Our 5 Tips for Avoiding a Real Estate Loan

Discover our 5 tips and tricks so that your bank accepts for sure your mortgage application!

Before embarking on the process of obtaining a mortgage loan, there are some good practices to apply in order not to have your loan application refused. We give you 5 tips and advice so that your loan takes place in the best conditions!

Attention to account management

Make sure the accounts are in order, no overdraft during the three months, see the six months before applying for a loan at the bank. In the case of a small gap in the budget, it is better to shift the loan request to the next month in order to show the bank a positive image, that of a serious borrower, who will keep his budget and repay his loan. time and time.

 

The 33% debt rule

The 33% debt rule

This rule varies from bank to bank, but in general, one-third of the monthly net income should not be more than a loan repayment. If you have outstanding credits when applying for a home loan, the bank will likely reject your application. If the borrower has the opportunity to repay them upstream, it’s better! Sometimes the location or the general condition of the real estate can play a role in the bank’s decision. To secure a purchase, it is necessary to have your borrowing capacity assessed by a bank or broker before signing a sales agreement.

 

A good contribution

A good contribution

Ideally, it is better to have a personal contribution corresponding to 10% of the sum borrowed. This personal contribution is used to pay the notary fees, warranty fees and handling fees (here, offered by Adam Bede). Having a contribution greatly facilitates the loan application. However, there is always the possibility to make a loan at 110%, that is to say that the bank finances the 10% that the borrower does not have in addition to the 100% of the loan. However, fewer and fewer banks offer this type of mortgage. And, in general, the rate is much higher than a conventional loan.

 

Have a stable job

Have a stable job

Having a steady job is a determining factor in obtaining a home loan. Justifying regular monthly income secures the bank on your repayment ability. For young workers at the beginning of their careers, it is important to emphasize future professional opportunities and future developments that involve salary increases.

 

Call a broker

Call a broker

Going through a mortgage broker makes it much easier to get credit. The broker guides the borrower in his research, accompanies him in the assembly of an irreproachable file, advises him on the optimization of his financing plan and negotiates for him the best conditions of financing: credit rate, delegation of insurance, choice of guarantee, exemption from banking fees and with Adam Bede, 0 € brokerage fees.

Your ability to manage your accounts, save and repay will help you get a mortgage.