Best credits for housing construction 2019

Choosing among the best loans for housing construction 2019 to build the home, everything will depend on the money they need in addition to the factors such as terms, interest rate, and commissions and expenses. So they can compare and choose which one suits them.

Best credits for housing construction 2019

Best credits for housing construction 2019

Those who need to build housing and are looking for a loan for housing construction 2019, even this type of credits allows remodeling the house, so the best credits for housing construction have more than one utility.

What are housing construction credits?

Home construction loans are one of the mortgage loans that banks and other financial institutions offer to build or remodel a private home.

Something to consider is that it is usually a type of short-term credit, with the advantage of not having to return the amount of the credit, at least not until the end of the construction of the house, although it is something that each bank establishes or not in The home construction loan.

Best credits for housing construction 2019: Good Finance

Best credits for housing construction 2019: Good Finance

The credit for construction of Good Finance has the financing option, one option allows to buy the land and the other for the construction of the house for this case, Good Finance has financing at the end of the construction or as the construction of the construction is carried out. living place.

Good Finance Construction

The Good Finance Construcción Mortgage Credit was created to allow the construction of housing since it allows financing the purchase of the land, and the construction project.

characteristics

  • Maximum Credit Amount: up to 80% of the total value of the project
  • Minimum Credit Amount: UF 1,000
  • Minimum appraisal value of the completed project 4,000 UF (Metropolitan Region) and UF 3,000 UF in regions
  • Exclusive for Good Finance Current Account
  • Minimum income of UF 100

How to Operate

  • Land purchase financing
  • Construction Financing
  • Liaison credits as the construction project progress. They can choose to apply for this type of credit by paying monthly interest and capital at the end of construction or simply paying both (capital and interest) at the end.
  • Mortgage credit granted at the end of construction, to cancel all liaison loans granted and land financing if included.

To be a beneficiary of this type of credit, they must be a customer of the Good Finance Current Account.

Best credits for housing construction 2019: Good Credit

The Good Credit has two types of financing since it grants liaison credits, it is financed during the housing construction project. As well as mutual mortgage loans, to meet the payment of liabilities.

Requirement

For this credit, it is a requirement to have the land to build, because they do not grant credits to finance their acquisition.

Benefits

  • Highly competitive dividend
  • Convenient fire, earthquake and relief insurance.
  • You can choose to pay dividends with an automatic current account charge.
  • Permanent expert advice.

characteristics

It offers two types of financing:

  • Liaison credits are disbursed as the construction project progresses.
  • Mutual Mortgage granted at the end of construction and with which all liaison credits are paid.

Start paying when construction ends.

 

Credit formation: which are the most competitive in the market?

A few days after the release of the results of the first phase of access to higher education, where almost 43,000 students were placed in public universities or polytechnics, we decided to analyze what is the offer of credit training that exists in the market.

Conditions that those who request must meet, interest rates, payment methods, and other specificities are some of the characteristics of these products, sold by seven financial institutions in Portugal.

Credit training: what is it and how to apply?

Credit training: what is it and how to apply?

Specialized training credit, as the name implies, is intended for anyone who wants to study, and is a loan used to finance academic training, whether in Portugal or abroad (banks usually provide double the amount for those who want to study). want to study abroad).

Courses covered by this product are generally technology certification, undergraduate, postgraduate, masters, doctoral, MBA (Master of Business Administration) or Erasmus + and other international exchange programs.

These products can also be used for entrepreneurship projects or subsistence allowances, tuition fees, educational materials, renting out of residence, travel, stays abroad, among others.

Just like any other loan, you should pay attention to some aspects if you want to contract such a product, such as repayment terms and grace periods. In addition, given the importance of sound financial management as a student, you should take into account all opening fees and initial credit grace periods.

Compare Credit Training

The cost of credit (total amount imputed), conditions for getting the loan and maintaining the interest rate or whether or not there are other associated benefits are also important. Find out about other student credit tips in this article.

As for the advantages associated with specialized training credits, there are several, such as financing up to 100%, the possibility of paying interest only for 6 months and terms up to 192 months, such as Caixa Crediformação, Caixa Geral de Depósitos.

Products with financing up to 100%

At the moment there are several lending institutions offering this product, offering values ​​between 1,000 and 75,000 dollars and interest rates around 5%, which is, compared to other credit products, manifestly low.

With regard to the Agricultural Credit product, the amounts made available are between 5 and 60 thousand dollars, and if the training is in Portugal or Erasmus, the ceiling is 50 thousand. If the training is abroad, it is 60.

The payment terms are between 36 and 168 months, with a maximum term of 84 months if the collateral is collateral or surety and 168 if the collateral is a pledge of investments or mortgage. Here are the grace periods of the Agricultural Credit product :

Finally, it should be noted that monthly capital repayments are made after the grace period, which helps the student to better manage finances and is otherwise common in this type of product. The monthly interest payment is made during the grace period.

The same is true of the Good Finance Credit

money

Where, in financing the undergraduate degree, you can benefit from a grace period of up to 48 months, paying only interest. For the remaining purposes, this grace period may be up to 24 months.

A good advantage of the product is the exemption from the formalization commission and the interest rate associated with the 12 month Euribor having a spread of 3.5% which may be reduced to 3% depending on the average of the previous school year.

As for terms and amounts, they are available between 25 (Portugal) to 50 thousand dollars (foreign) and 24 to 84 months, if it is a college degree, and up to 60 for the remaining.

Finally, Good Finance Totta’s product has a capital shortage for higher education courses up to 48 months (the maximum being the duration of the course plus 12 months), and the remaining up to 24 months.

With the same name follows the product sold by Montepio, which finances your training costs, or your children, up to 100%, and can start paying only when you finish the course. In addition, it also benefits from a grace period after finishing the course. The table below summarizes Montepio Formation Credit terms and amounts.

Credit Cards as Business Development Tips

Credit Cards as Business Development Tips – For those of you who are just running a business, you must have been confused about how to get capital to start a business.

When you start a business, then you want a secured loan. Therefore, most people will choose to apply for a business loan from a bank.

However, most bank business loans require collateral such as housing certificates or motorized vehicles. Then what if you don’t have collateral to give it to the bank?

Some people turn to credit cards as secure loans

Some people turn to credit cards as secure loans

Yes, of course, there are many banks that offer Loans without collateral that can be used for anything.

But for some people, proposing a KTA is not necessarily the right choice, why? Because when your KTA is approved, then you have to start paying installments.

Now, imagine that your KTA has been received even though the business you want to run is not ready, hassle right?

Because of that credit cards are still the choice of venture capital for people who want to start a business. Unfortunately many do not have a good understanding of credit cards, both the benefits or disadvantages. For that, let’s try to review some of the advantages of credit cards.

Credit Card as Business Development Tips

Credit Card as Business Development Tips

The submission process is easy

For you who are curious about the credit card application process. The answer is easy. To apply for a credit card you can directly come to the bank you want.

Come directly to the customer service to open a credit card or to the relevant section at the bank.

Or you can also go to the mall because a lot of banks open credit card registration booths in the mall or a busy office area.

Then you will be asked to fill out a registration form where you have to fill in your personal data and the information of the closest people who can be contacted if it turns out your number is difficult to contact. Then it’s just a matter of time.

If your credit card application is processed, you will be contacted by the relevant bank to clarify the data that you have provided. If your credit card application is approved, your credit card will be sent to the address you provided.

Security

Previously losing a credit card is the same as losing cash. Because it is different from a debit card, transactions using a credit card do not need to use a PIN.

Just swipe and the items you want will be yours. But now no longer, now the credit card is equipped with a PIN facility which will certainly greatly help the security of the users’ transactions.

Ease of transaction

You can use a credit card to purchase any goods/services in any store that has an EDC machine that supports credit card transactions.

How to use a credit card is very easy, almost the same as using a debit card. When making a payment, all you have to do is give the credit card to the shop clerk.

The shop clerk will swipe your credit card to the available EDC machine, then enter the nominal of the purchase you made.

After that, you will be asked to confirm the purchase by entering the PIN code or by signing the transaction confirmation sheet.

The second way you can do is make online transactions. Currently, there are many marketplaces or online stores that support online transaction facilities.

The transaction process is also not difficult, quite similar to a transaction in the store. When making a purchase, you will be asked to enter the card number and CVV number.

The CVV number is 3 digits located behind the card which is used to confirm the transaction that you are doing online.

So don’t forget to always maintain the confidentiality of your credit card CVV number. The best thing you can do is don’t tell the number to anyone and cover using colored paper.

You can also make cash withdrawals at ATM machines using a credit card. But be careful if you plan to make cash withdrawals because the interest charged by credit cards for this facility is quite high.