Opinions on payday loans and salary-backed loans

If you are looking for immediate liquidity to face unexpected expenses or to carry out a project dear to you, a personal loan could be the right solution for you.

Across Lender has entered into an exclusive partnership with Agree Bank by intermediary various types of financing, flexible and transparent, which will allow you to face your purchases, the renovation of your apartment, a vacation or the studies of your children with greater serenity.

If you are between the ages of 18 and 75 at the end of the loan, you can request up to $ 60,000 to be repaid according to your possibilities even in 10 years. The documents to be presented at the time of the request.

Employee loans

Employee loans

If you are a public or private employee with a permanent contract or if you receive a pension, you can apply for a loan in the form of a salary/pension assignment. The maximum amount that can be requested depends on the amount of the payslip or the payslip, as the installment cannot under any circumstances exceed 20% of the monthly income available.

The reimbursement, payable up to a maximum of 120 months, takes place according to the conventional method of withholding in payroll/pension. It is a loan that does not require guarantees and can also be requested by those who can no longer access a personal loan by age.

Across Lender intermediate a financial product of Agree Bank, in this case, to get more details or to make the request it is necessary to go to the branch.

Across Lender lifetime mortgage loan

Good Credit lifetime mortgage loan

This is a lifetime mortgage loan that can be requested from the age of 60 up until you own an apartment. Instead of giving up the bare ownership of the apartment, you can access the loan by registering a 1st-grade mortgage on the residential property in question.

The amount payable depends both on the value of the property to be mortgaged and on the age of the applicant: the younger you are, the lower the percentage of the value of the house that will be disbursed as a loan. They range from a minimum of 15.3% (60 years with a spouse) to a maximum of 50% (90 years).

However, the maximum amount that can be financed cannot exceed $ 250,000. In this case, Across Lender is the first person to provide the loan.
There are two different types for this financial product:

  • the repayment of capital and accrued interest takes place all in one single payment upon the death of the applicant, including by turning on a new loan from the heirs;
  • additional interest and expenses (for example, preliminary investigation and notary) are reimbursed annually, while at the death of the applicant only the disbursed capital will be repaid in a single payment. Also, in this case, it is possible to make the return of the capital through financing.

Both types provide for the possibility of providing the financed amount in a single payment or in a maximum of 20 annual tranches, all of the same amount. If, after 12 months from the death of the applicant, the heirs have not yet repaid the loan, default interest will be charged (2% more than the fixed rate of the loan) and at the same time, the Bank has the right to put the property up for sale. , to the market value established by an external expert, to recover his own credit, lowering the price by 15% every year until the sale.

Example

To get an idea of ​​how much this type of loan can actually cost, help me with an example. We hypothesize that $ 100,000 has been paid in a single payment to a 70-year-old man who dies 25 years later. The heirs will reimburse the loan to which an APR of 4,88% will be applied, including the substitute tax. To be added possibly notary and mortgage costs.

Opening of current account credit (credit)

Opening of current account credit (credit)

To all its account holders, Across Lender offers the possibility of requesting bank credit, with which the bank undertakes to make available to the customer a specific sum of money to which the account holder can draw on the basis of his needs by making authorized overdrafts. The borrower will be required to pay interest only on the amounts actually used and only for the period of use.

The refund will be at the discretion of the customer with multiple payments to the current account. For example, if the bank grants its current account holder a revocation credit of $ 1,500, fully used, a TAN of 14.55% and an APR of 17.73% will be applied. This is a more expensive form of financing than a personal loan, but with the advantage of paying interest only when necessary and being able to use it at any time without notice.

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