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The financial market offers us a range of savings products – bank accounts, deposits and investment funds are available.
What will be better for us? What to choose without knowing the financial market or products offered by financial institutions?
Statistics show that we do not save regularly – currently, it is only about 8% of Poles.

This result is certainly influenced by low-interest rates offered by financial institutions available on the Polish market. However, it is better to regularly put aside money and have the right amount prepared for use in the proverbial “black hour”.

The average amount spent on holidays is nearly USD 4,000

The average amount spent on holidays is nearly USD 4,000

When planning a vacation 12 months in advance, we have to save USD 335 a month in a savings account – we assume 1.5% per annum. After twelve months, we collect USD 4047.75, and thanks to this we have “earned” nearly USD 28. The component percentage effect does not look impressive in this case, because it is a short period and a low-interest rate.

However, if we would like to take a loan for such a holiday, after a year, the interest cost will be close to USD 470.

It all depends on how much money we want to save and in what period we want to spread our investment. Each of us has different needs and possibilities to deposit free funds in a bank account.

If we want to be systematic and set aside every month

If we want to be systematic and set aside every month

We have two options – a savings account or a money market fund. A bank deposit will not be a good decision in this case – unless we monitor its termination or open a deposit only for a month. However, this will be a low-interest rate – 1.8% per annum.

For example – more and more often Clients decide to invest in a money market fund. These are safe and short-term securities – treasury bills, bonds or commercial bills. They are one of the most secure investment funds and are an ideal alternative to savings accounts and bank deposits.

The formalities are not complex, and we can earn much more on the fund than on the savings account – the fund has greater profit potential and, what is important, we do not incur any initial costs.

Let’s remember that both the savings account and the fund are flexible – we can deposit and withdraw money whenever we want. If the client’s plans change, he can spend the collected amount on something completely different than his previously dreamed vacation. By citing several options for regular saving, I show that it is not difficult.

Home equity loans, what do they consist of?

Home equity loans are loans in which their return, in addition to being guaranteed in a personal way (the debtor is responsible for the return of the loan with all his assets), is also for real property. Thus, if the debtor does not comply with the previously established conditions of repayment of the loan, that real property will pass into the hands of the creditor.

Most often, the borrower uses the loan amount to purchase the real estate that, at the same time, acts as a mortgage guarantee. However, there are mortgage loans in which the borrower offers as collateral a home that he already owns and uses the loan amount for purposes other than the purchase of a home.


What risks do I run when applying for a mortgage loan?

mortgage loan

Applying for a mortgage loan involves taking several risks. The main and most common is for the entity to keep the property that has been offered as collateral.

And not only with housing! As we mentioned before, home equity loans are also personal guarantee loans. What does this mean? That the debtor responds with all his patrimony (present and future) to pay the total of the contracted debt. In other words, if the value of the property does not cover the totality of the contracted debt, the borrower will not only be evicted, but will also continue to owe money to the entity that has granted him the loan.

In addition, each type of mortgage loan has its own risks, since they may or may not depend on the variation of the Euribor. Let’s see them:

  • Fixed-rate mortgage loans : it is possible that the Euribor will be at low levels and the borrower will not benefit from them. In addition, it must be borne in mind that, in this type of mortgage loan, the duration is usually shorter and, therefore, requires a greater financial effort on the part of the borrower. In turn, the fees for early cancellation are also higher
  • Variable rate mortgage : this type of mortgage varies according to the Euribor, so it may happen that the Euribor appreciates and, with it, increases the amount of the loan to be paid each month
  • Mixed mortgages: these mortgages are characterized because, in the first phase of the life of the loan, they are at a fixed rate, while later they become a variable rate. In this case, the risks of this type of loan are a combination of the risks of the fixed-rate mortgage and those of the variable-rate mortgage.


How do I calculate the amount of the mortgage loan to pay?

mortgage loan

Mortgage loans are generally governed by the French loan repayment system.

Let’s see with an example how this system is applied to the mortgage payment!

In the example above it is seen that, during that first year, we will have to pay 789.99 dollars each month. However, suppose that for the following year the Euribor has fallen to 3.25%. How would this affect our mortgage payment to be paid?

The first thing to keep in mind is that, of the initial 100,000 dollars that there was in capital, we have already amortized a part. The amount of capital that we would still have to pay, if we made the amortization table, would be 95,400.77 dollars.


How do I apply for a mortgage?

mortgage loan

In order for a mortgage loan to be granted, the applicant must go to the corresponding entity and present all the documentation along with their application.

Next, the entity will assess the viability of granting the mortgage loan following a specific valuation method (generally scoring) and, if accepted, will contact the client to make a binding offer that the applicant should study if accept or deny.

Loan Comparator. The best loans and credits on the market

Request money comparing

Request money comparing

If you need fast money, the easiest way to obtain it is through our fast online credits, small short-term loans that are applied for through the Internet with little paperwork and are intended to finance specific needs. Its main characteristic is the speed and simplicity in its management and concession, being able to have quick money in just a matter of minutes. Through our quick credit comparator you can obtain mini-credits online in 10 minutes, urgent loans within 24 to 48 hours, etc.

Before requesting a quick loan, it is necessary to compare the different loans offered by financial institutions in Spain to choose the one that best suits your needs. Depending on the credit to apply, you may not need to have a payroll, pension, or guarantee and it is even possible to request quick loans with Best bank. You have the option to request various types of products: quick credits, online mini-credits, urgent personal loans.

The main entities where to request fast mini-credits online and get urgent money in 10 minutes are the ones you see in this updated list. To request a mini-credit or obtain more information, press the “See Offer” button for each company and we will send you to the entity’s website.

How to request credits from our comparator

How to request credits from our comparator

Applying for mini-credits and/or quick credits online is very simple, you just have to access the loan application website and choose the amount to request and the maximum repayment period. Then you will have to fill out a form with your personal information and the account number where the money will be transferred to you.

Afterwards, some companies may ask you to send them a document to verify your data, such as ID or NIE, bank card or payroll if this is necessary. These documents must be sent scanned via email (sometimes you can also send them by means of a photograph of the document). It is also possible to verify the data without sending documentation in some credits, so that the lender can grant it immediately without checks.

Finally, they will contact you within the indicated period to notify you of the acceptance of the request and if it is accepted, they will transfer the money immediately to your bank account (or through an ATM for entities that use HalCash).

These steps are necessary to request the first quick credit with an entity, the following credits that you request are easier to obtain since they do not require that you send them any documentation or that you fill out the application form, you only access your website with your data and you request the loan that you need.

In our loan comparator we collect all the consumer loans, personal loans and lines of credit available in the market so that you can compare and choose the loan that best suits your financing needs.

Advantages of quick credits from our comparator

Advantages of quick credits from our comparator

The main advantage offered by the fast online credits that we compare is their speed, since you can get fast money in 10 minutes if the amount does not exceed $ 5,000 or in 24 hours if it is higher. It is a very easy financial product to request, being able to carry out all the procedures online and without leaving home.

To request fast credits you will not need to meet many requirements and you will not have to carry out any type of paperwork, since the documents that you request can be sent via email and the entities offer information in a transparent way, knowing at all times the fees that you will have to pay for the loan.

Some entities offer free credits for new customers, so you can get free money without interest or commissions. Other entities allow you to repay the loan before the maximum repayment term, being able to save a lot of money in interest to anyone who returns the money in advance.

Advantages of the credit comparator

Advantages of the credit comparator

In recent years, Internet portals have been created that allow you to compare credits without leaving your home and in a matter of minutes. The Best Bank comparator is an example of a page that allows you to quickly compare a large part of the market offer.

Best Bank is an online and digitized portal, that is, everything is done over the Internet and with any device connected to the network, so we offer maximum comfort when conducting searches, comparisons and reporting on any financial product.

Secondly,  are ventured when the trainee earns the first money‘s credit comparer offers the maximum speed in any action we take, as it is an optimized tool to meet objectives and meet the needs of users who access it.

Finally, this comparator is operational 24 hours a day and every day of the year, so we can use its services with total flexibility and without any additional cost.

Through our comparator list you can quickly and easily compare the offers of loans on the market from the same platform. You can assess its characteristics, understand the fine print, expenses and interest, as well as the rest of the relevant points to choose the one that best convinces you.

You can also start the application process through the Internet. Thanks to the technology of our comparator tool, you can directly contact the lender and start the process of contracting the product from the list itself.

When to apply for our fast loans

Mini-credits are a great help in obtaining quick money for small contingencies. They are also used to obtain financing in months with special expenses. Through fast online credits you will be able to obtain a greater amount of quick money to repay in a much longer term, so they can be used to make small investments, both personal and business.

Use our comparator to find the loan that best suits your needs.
In just a few steps we help you make the best decision.
Among a diverse selection of the best loans we will find those that adapt to your real needs.

We can find a long list of personal loans that can be used for many purposes: buying a car, home renovations, studies, medical expenses or travel, among others. The entities that we see in our list of loans carry out a personalized study of your situation and needs to give you a financing offer that suits you.

How to compare which is the best personal loan?

How to compare which is the best personal loan?

It is easy to present all the personal loans that we have at our disposal, but it is better to be able to easily compare which is the cheapest or which interests us the most. For this we have our loan comparator, where you can check the interest rate, commissions and/or additional expenses that each loan has.

Choosing a personal loan must involve prior analysis. On the one hand, referring to personal finances to define the level of debt that can be assumed. On the other hand, the one referring to the offer that exists in the market. In this second point is where a comparator can be very useful since it reports on the characteristics of the product and makes an objective comparison based on the same parameters.

In our comparator you will find the information you need to contract your loan. Objective information on the characteristics of each loan. Comparing helps you save time and money.

Finding the best personal loans on the market goes through a previous study analyzing the characteristics of each user, as well as the conditions and requirements established by the entities and banks that issue the product. There are independent comparators and analysts that offer a free banking service and that help users select the best product, being a Best Bank example.

The amount of a loan varies depending on the entity and the user, in addition to the type of personal credit requested. They can be found from mini-credits with amounts never exceeding $ 1000 to financing for companies and projects. The large offer of loans allows users to get money more easily.

The technology also allows users to obtain fast personal loans, in less than 10 minutes they will have money in their checking account. Getting urgent money is much easier thanks to fast paperless loans that together with online processing streamline the process.

The convenience of making loans online allows more and more users to request money through this channel. Other advantages of this type of loan are the variety of the offer, the speed and flexibility in the repayment terms. These advantages will vary depending on the lending company.