cash loan online loans show financial threats

The study loan, for example, already reveals its target group in the name, while a debt restructuring is attractive to all those who are not satisfied with their current credit conditions. Those who urgently need money can meanwhile take out a so-called lightning loan or express loan. Property owners, on the other hand, are able to take out a mortgage loan through a corresponding entry in the land register.

The most important forms of credit

The most important forms of credit

The decisive distinguishing features of personal loans, however, are the typical and maximum amount of the loan, the term and, of course, the interest rate. There are also individual features. These are the most important types of credit:

line of credit
  • Very flexible, claimable at any time by overdraft
  • Height: About two to three times the salary
  • Very high interest rates (on average over 10 percent)
  • If the money is paid out, the credit line is also a cash advance
installment loan
  • Very flexible, as on-demand loan, can be redeemed at any time
  • Height: about 2,500 to 50,000 euros
  • Changing interest rate (in the amount mostly between credit and installment credit)
Securities lending
  • Lending of the securities account, usable at will in appropriated form
  • Flexible, because on-demand loan
  • Credit without
  • Amount: Maximum 50,000 to 250,000 euros or 50 to 80 percent of the deposit value
policy loans
  • Lending the life or pension insurance
  • Height: Up to 100 percent of the current value
  • credit without
  • Interest rate varies widely between providers (between 4.5 and 8.7 percent)
  • Lack of eradication can tear gap in old-age provision
small loan
  • Small loans are all loans up to 5,000 euros
  • Usually quite uncomplicated available, also as Sofortkredit and quick loan
  • Interest rates vary greatly depending on the form and provider
  • Fixed income usually sufficient as collateral
  • Classic consumer credit
Online credit
  • Is often determined by credit calculator and completed online
  • Mostly uncomplicated processing, also as a quick loan
  • No individual advice on site, but the online loan is often cheaper
Private credit
  • Lender comes from the environment or is (partly anonymous) mediated – for example, via Internet platforms
  • Credit also possible without SCHUFA
  • Interest rate varies greatly, but sometimes cheaper than at the bank
  • Personal and social motives of the lender may play a role in the grant
  • Depending on the form as a quick loan possible
  • Often a small loan or several

Credit costs – you should pay attention

Credit costs - you should pay attention

There are several factors involved in the cost of a loan. If you want to assess whether an offer is attractive or not, you should consider the following:

  • Annual percentage rate: It is the most important benchmark and should not be confused with the nominal or borrowing rate. Using the APR, you can calculate the total amount that will ultimately have to be repaid in total.
  • Processing fee: A fee may already be due for processing your application.
  • Flexible interest rates: With long-term loans, in particular, interest rates are not always fixed for the entire term. Depending on the interest rate development, this can be prejudicial or disadvantageous.
  • Additional Fees: Even if you deviate from your credit plan, this may result in fees, such as an early repayment penalty for early repayment.

Online credit is often available at particularly favorable terms. Here, customers benefit from the costs that direct banks save by renouncing branches and personal advice.

Lenders: These are the options you have

Lenders: These are the options you have

The usual contact point for a personal loan is the bank – not for nothing, it is also known as a bank. From small loans to larger loans, it lends money in various forms. But the bank is not always the right contact person. This may be due to the fact that the conditions appear unattractive or that they denied a loan due to lack of collateral. For example, she usually does not give credit without proof of income. Two alternatives are the employer loan and the loan from private.

In the case of employer credit, the company acts as the lender. Of course, not every company is willing or able to do this, but in some industries – such as banking or insurance – this approach is quite common. It is important here that all modalities are contractually adhered to so that the loan can not be interpreted as a pecuniary benefit. If you are considering an employer loan, you should ask yourself whether you will continue to work for your company for the term – otherwise, the amount may be due prematurely.

With the credit from private, the donor comes either from the environment of the lender or offerer and prospective customer are mediated each other. For this purpose, there are now appropriate Internet platforms that offer the service for a commission. In this way, for example, a loan for the unemployed or people with a negative Schufa entry can be conveyed if they persuade their donors personally or with their purpose.

Credit without Schufa: Swiss Credit

Credit without Schufa: Swiss Credit

A special case is the so-called Swiss Credit. Named for its origin, it was initially characterized by the fact that he was awarded over 3,500 euros and 40 months of maturity at a mostly double-digit interest rate. Meanwhile, the term Swiss credit is often used for all loans granted without SCHUFA query. Another synonym for him is “Bon Kredit” after one of the most famous providers.

For people with a negative SCHUFA entry, Swiss credit is one of the few ways to temporarily borrow money. However, if the Schufa query does not fail due to appropriate collateral – such as the policy loan – Swiss credit is usually accompanied by very high interest or fees. This balances the risk of the lender. For this reason, it makes sense to repay such a loan quickly. An advantage of payday loan payday loan may be that it is often granted as a cash advance and thus grants anonymity.

Credit for the unemployed

Since the salary lacks the usual security, the jobs grant credit for the unemployed. Even recipients of a relatively high unemployment benefit I have problems obtaining a loan because the benefit period is limited and then the changeover to unemployment benefit II is imminent.

Some providers advertise a loan without proof of income or specifically a loan for the unemployed. However, they usually charge very high fees or require other forms of collateral.

However, there are alternatives to a real loan for the unemployed: if you have valuables, you can not only sell them, but mortgage them in the pawn shop – with the risk that they will be withheld if the repayment is not made. In addition, a loan for the unemployed is possible if someone else vouches for them. After all, unemployed people can, luckily, find a private lender to give them a loan. Those affected should, however, very carefully consider whether they want to expect in their situation the additional burden.

Credit insurance – protection against risks

Credit insurance - protection against risks

Regardless of how exactly the repayment is planned in advance, a loan is always associated with the risk that it can not be repaid as planned. A protection here offers the credit or residual debt insurance. It intervenes if the borrower becomes unemployed or ill. In the event of death provides protection for the bereaved.

Of course, a residual debt insurance also means an additional burden. Therefore, it should be carefully considered whether it is really necessary. With a small loan, or even with the so-called housewife credit, for example, they can be dispensed with. And even if other policies step in in an emergency, such as an accident or term life insurance, additional credit insurance does not necessarily hardship.

Chamber of Accounts detects irregularities and concludes that the management model of Calle 30 is harmful to public coffers

The final audit report of the Madrid 30 joint venture, issued on December 29 by the Chamber of Accounts of the Community, detects irregularities in the creation and concludes that the management model of this joint venture is harmful to the municipal coffers , has highlighted the City of Madrid in a statement.

According to the report, the privatization of the management model, which has already cost the City 554 million euros, was not accompanied by the necessary technical, legal and financial studies. In addition, the annual payment to the private partner is not calculated based on an economic feasibility study of the service, but based on a fixed yield of 7.053 percent.

Also, the Chamber of Accounts questions the maintenance of the subordinated loan of the awarded company due to its excessive cost and recommends its early amortization.



It also mentions the report that the City Council assumes the costs of the electrical supply of the infrastructure despite the fact that according to the list of administrative clauses the private partner should do so.

The City Council has already announced that it will take into consideration the report before the commission of inquiry that will analyze the management model of the Madrid 30 joint venture. The company is owned by the City Council, with 80 percent of the capital, and by the private partner EMESA, with the remaining 20 percent. The private company is formed by Ferrovial Servicios, Dragados and API Conservación.

The document emphasizes in its conclusions concepts that manifest omissions of the process of incorporation of the company or possible deficiencies detected in its activity and contractual scope. He comes to question the change of management model to joint venture, which is harmful to the municipal coffers, according to the document.

After the publication of the preliminary draft report on March 17, 2016, the document already ratified by the board of directors of the Chamber of Accounts verifies the most important conclusions and recommendations already known.

Madrid Calle 30 was created in 2004 and, at the end of that year, the Plenary Session of the City Council agreed to modify the form of service management, which went from direct to indirect through a mixed economy society. In August 2005, the tender was awarded in favor of EMESA. After the concession was established the financial economic model that had to be fulfilled during the life of the project, until the year 2040.



One of the most important conclusions of the report of the Chamber of Accounts states that the transformation of a local company into mixed, which implies a change from direct to indirect management model, must be based on a “comprehensive memory”, including technical studies, legal and financial.

These studies are not included in the documentation provided and analyzed in the file. This change in management model derives the high costs that the City of Madrid must assume while maintaining the current and that have been around 554 million euros since the constitution of the mixed economy company.

The oversight body notes that in the design of the provision of services the City Council did not transfer risks to the mixed society. Thus, the construction risk was transferred to the final contractor of the works, while the availability of remuneration is very limited because the economic model is based on guaranteeing income that covers all costs and allows obtaining sufficient benefits to distribute dividends that ensure the profitability of the partner’s services.



In addition, the Chamber of Accounts indicates in the opinion that the remuneration of the services of Madrid Calle 30 is not calculated based on an economic feasibility study of the operation of the service but on the basis of the profitability that the private partner must obtain from the contract , established in 7,053 percent of the sum of the capital contribution and the subordinated loan contributed by said private partner.

In practice, they stand out from the City Council, the profitability is much higher because the calculation does not take into account the compensation that EMESA receives from the Consistory through Calle 30 Madrid for the provision of maintenance and conservation services, which increased in 2007, going from 12 million to more than 23. The company that was awarded the bidding process raised the highest profitability of the four bidders.

In the recommendations section the report states that the economic model is harmful to the municipal coffers since, to maintain the profitability of the private partner and the corresponding distribution of dividends, the company must bear expenses derived from the taxes it must assume.

These taxes do not correspond to the amount actually allocated to the operation and maintenance of the road, but are the result of the economic-financial model.

The City Council annually allocates around 140 million euros to Madrid Calle 30 being the only annual source of income for the company. Of these, only about 28 million are destined to the maintenance and exploitation of the infrastructure.

The rest is destined to the payment of interest on the debt, distribution of dividends to the private partner, payment of VAT and corporate taxes, although a portion reverts to the distribution of dividends to the Madrid City Council. A large part of these expenses could be eliminated if one opted for another more efficient management model, highlighted by the Consistory.


On the other hand, the report shows that the subordinated loan from EMESA is an excessive cost, once the financing against the project has disappeared from the company as the financial debt and the investment were transferred to the City Council in 2011. The recommendation underlined at the end of the document of the Chamber of Accounts is to amortize this loan early.

Another of the resolutions highlights a significant discrepancy with respect to who should assume the cost of the electricity supply of the Calle 30 operation. According to the list of administrative clauses should be assumed exclusively by the private partner but according to the technical conditions who must pay the payment is the company mixed

To date, Calle 30 has been Madrid who has been supporting this expense: until the end of 2016 it has paid close to 55 million euros.

Finally, the oversight body emphasizes that there has not been sufficient preparation of the works contracting dossiers since they do not include the essential data of the execution project, nor does it refer to the status of processing of this document that defines the content and budget of the service that is tendered.

The Chinese central bank stimulates the economy with the largest injection in 3 years

The Chinese central bank stimulates the economy with the largest injection in 3 years

Three year Chinese Economy Revival

Three year Chinese Economy Revival

Beijing, Jan 26 (EFECOM) .- The People’s Bank of China (central) sought today to revive its slow economy with the largest injection of daily liquidity through market operations in three years, 440 billion yuan (67,200 million). million dollars, 61,800 million euros).

This measure, added to the three injections made since last January 19, caused an earthquake in the volatile parks of the country: the Shanghai Stock Exchange sank today by 6.42% at the close and Shenzhen’s 6.96%. %, while Hong Kong, a more mature and stable market, fell 2.48%.

Some analysts say that the large volume of liquidity introduced with the series of injections undertaken by the Chinese issuer in the last week has an effect similar to that of a cut in the cash ratios – the reserves that banks are obliged not to provide – .

The central bank of the second world economy channeled cash today through two types of reverse repurchase agreements (also known as “repos”), an instrument through which securities are sold conditioned on an agreement to repurchase them at a later date.

In particular, granted 360,000 million yuan (55,000 million dollars, 50,600 million euros) in “repos” to twenty-eight days and another 80,000 million yuan (12,200 million dollars, 11,200 million euros) in “repos” to seven days .

The “repos” to twenty-eight days have an interest rate of 2.6% and the rate of those who expire a week is at 2.25%, specified the central bank.

Some of these funds cover short-term loans offered the week that had already expired, but still represent an additional entry of 190,000 million yuan (29,000 million dollars, 26,700 million euros) in the financial system.


China’s Growth



 Since January 19 it became known that the growth of China’s gross domestic product (GDP) in 2015 was 6.9%, its lowest figure in the last quarter of the century, the issuer has carried out four injections of liquidity.

Already on January 19 it announced that it would introduce at least 600 billion yuan (about 91,000 million dollars, 84,000 million euros) into the market to increase the liquidity available for the lunar New Year holidays through three channels: ” permanent loans “,” medium-term credits “and” supplementary loans with guarantees “.

A day later, he injected 150,000 million yuan (22,900 million dollars, 21,000 million euros) into the money market through short-term operations and, last Thursday, granted “repos” at seven and twenty-eight days for a total value of another 400,000 million yuan (60,800 million dollars, 56,000 million euros).

The Chinese central bank usually injects liquidity into the financial system at this time to ensure that entities have cash for the lunar New Year holidays (celebrated this year on February 8), when an increase in consumption is expected.

However, the amounts introduced this year are much higher than those of previous years, since in 2015, for example, only lent 80,000 million yuan (about 12,000 million dollars, 11,000 million euros).

The chief economist of the Banco Popular, Ma Jun, said in an interview with the official Chinese Business Daily that these measures could be “a substitute for a cut in the mandatory reserve ratios”.

The analyst for China of the Swiss bank UBS Wang Tao explained, in a note to the clients, that the Chinese central bank is looking for alternatives to guarantee the liquidity of the market and maintain the stable yuan exchange rate.

A cut in the cash ratio could send too strong a signal to markets that China is easing its monetary policy, which, according to this expert, could put downward pressure on the yuan’s exchange rate and, as a consequence, aggravate the capital flight that drags the country.