How Much Money Can You Make for a Home for a Home Savings Contract? – Loan

Housing savings fund savings are basically subject to uniform rules, but this does not mean that it makes any difference to which financial institution and which home savings product we contract with when choosing this form of savings.

Therefore, it is worth comparing your offers, preferably in as many ways as possible. Our article now focuses on examining the amounts available at the end of the savings.

Home savings savings are among the virtually risk-free savings

Home savings savings are among the virtually risk-free savings

As you know – we have written about it several times – thanks to the 30 percent (up to HUF 72,000) state subsidy per annum, home savings savings are among the virtually risk-free savings that ensure high returns. The savings period is 4 to 10 years. The account opening fee is 1 percent of the contract amount, which can be reduced with more or less terms and conditions at most home savings deals.

The account management fee is HUF 150 per month. The deposit amount is subject to a fixed deposit interest, without interest tax. During or at the end of the savings period, you can apply for a favorable forint loan with a fixed interest rate and repayment installments in addition to the savings.

It is already well-known about home savings that although we can apply for state support for only one LTP contract at a time, the family can sign several contracts and later use the money for a common purpose .

When we want to sign a home savings bank contract 

bank

Many of us have the housing target for which we would spend the money after the savings period or through bridging solutions before it expires. Of course, we do not consider it impossible to figure out what you want to spend the money on, just after the conclusion of the contract or just before the end of the savings period. It is important to know that this amount can only be used for housing purposes , but its use for housing purposes can take many forms.

The contract amount consists of our savings (self-deposit + deposit interest + government subsidy) and a low-interest home loan. You are not required to take out a mortgage at the end of the savings period, or you may choose to apply only for savings plus interest and government support. With a comparative calculator, you can easily see how much money you have in your savings account over the years, and how much you will have with your home loan to help you reach your home goal.

If you only count on savings

bank

While we may decide by the end of the savings period that we only want the money saved on the home savings account to be paid by the financial institution or if we need a loan to fulfill our housing purpose, it is worthwhile to calculate how much savings we will have at maturity.

In this case, the savings mean our monthly payments (assuming a monthly payment of HUF 20,000 in the tables), state subsidy and the deposit interest on our payment.

Fast cash credit

Money is an important part of human life. Money is needed for a person to live a quality life. Credit is one of the solutions for ensuring a quality life. Fast credit is one of the solutions to solve small money problems.

 

First credit free

First credit free

The first free loan means that you will not have to pay the lender for servicing the loan and borrowing. The profits of a fast credit company come from loans that are subject to interest and commission, interest only, commission only. Most popular lenders give out first interest free loans and commissions. If you have already borrowed from a credit company, then when borrowing again, the loan repayment amount is accompanied by interest or commission.

 

Receiving quick loans

Receiving quick loans

Quick credit can be obtained from the lender’s website. Choose a quick loan provider and go to the lender’s website. In a few simple steps, you can get your quick credit in minutes. You must complete a simple registration, during which you must enter your information. You are not required to have a copy of your passport, references and guarantors. You won’t have to go to a credit institution to submit a stack of papers, and you won’t have to spend your time getting a small amount of money. You can get credit on the internet with a bank account, a mobile phone and an email box. This is all you need to get instant credit online without any additional requirements. The lender is entitled to refuse the loan, notifying you. The lender is not obliged to justify its refusal to grant the cash loan. If you are of age, you are not in debt registers, you are in compliance with other details, then the quick cash credit will definitely be issued to you within a few minutes.

 

Compare fast loans online

Compare fast loans online

You may have seen instant credit advertising on TV, the Internet, in the newspaper, on the bus, in the tram and more. You cannot evaluate how good this lender is unless you have heard of other Latvian lenders. Click here to see the offers of Latvian fast credit providers. The Polonius website provides descriptions of all Latvian lenders.

If you plan to borrow on the Internet, plan to borrow from friends, plan to borrow at banks, plan to borrow at Latvian Post or elsewhere, evaluate your ability to repay. Credit, fast credit, leasing are liabilities that need to be met responsibly.

This was an article on instant cash credit, but Polonius also found other articles on credit – quick credit, SMS credit, corporate credit and short term loans.

Consumer credit to individuals

Consumer credit is a short-term credit intended to cover the purchase of a service or service. Consumer credit is provided to individuals by banks. The most important amount you can get when applying for a consumer loan will be the regularity and amount of your income, as well as the term for which you are applying for the loan. It is issued without a pledge, but your bank will determine your chances to repay the loan, so you can only take out a consumer loan if you have a regular income. In addition, there are other criteria by which banks evaluate whether and under what conditions to lend you a consumer loan.

 

To qualify for a consumer credit, you must have:

consumer credit

  • Stable income and satisfactory credit history;
  • At least ~ 21 years old;
  • Identity document (passport);
  • Income and Expense Statement if you do not receive pay at the bank where you borrow.

 

Other conditions often exist, but they can vary depending on where you borrow. It is worth noting that consumer credit has its advantages over other types of credit. It is easier to borrow such a loan than, for example, a mortgage, you get the money right after the contract, etc.

 

Advantages of consumer credit:

Advantages of consumer credit:

  • You can get the funds you need relatively quickly;
  • Expected monthly payments;
  • There are no conditions as to where the money should be spent;
  • Monthly payment decreases if the repayment term is increased;

Consumer credit also has its downsides: you have to pay more money in interest payments than taking a long-term loan, both because banks have a certain amount of risk in consumer credit and because it is a short-term credit. Consumer credit also involves significant one-off ‘invisible’ charges, such as payment for the completion of a contract or for late payment.

In addition, as you borrow from a bank, you also need a guarantor, which is often quite problematic. And of course, consumer credit comes with all the risks associated with credit in general: the debt burden can reduce the quality of life; monthly payments reduce your financial freedom; etc.

 

When to Borrow Consumer Credit?

When to Borrow Consumer Credit?

A consumer loan can be borrowed in a myriad of situations where you need financial resources and it is not worth listing them because you yourself know what you want to buy with the money you borrow.

The most important thing about borrowing consumer credit as an individual is that you need to be sure that your sources of income will not be lost and that new debt will not make your life unbearable.