Do you get over your credits over your head or would you like to have a better installment? To save, reduce your installment and get better interest, try consolidating loans with Home Credit. An explanation over at lostnomad.org
Whether you are repaying small non-bank loans, various consumer loans, repayments or leasing, you can get a special Home Credit loan to repay all loans of any type . It will make your consolidation and debt relief easier and more affordable than ever. Plus, you’ll get everything over the internet.
Free of charge and to repay every debt
Home Credit merger and consolidation refers to any type of debt. For example, whether you have credit card debts, an overdraft account, or a bank credit, you can consolidate this with a new loan .
The same applies to small or consumer non-bank loans. You can also consolidate and repay early repayment loans or leases. Of course, you do not pay any fees for equipping a consolidation loan. You do not have to look for a guarantor, co-borrower, or to set up a property as a collateral loan.
Consolidate loans up to € 20,000
Old debts can be consolidated at a minimum of € 1,000, regardless of how much they are. If you have more debt, it’s no problem. Loans can be merged and combined up to € 20,000.
Instead of repaying multiple debts at different maturity dates and with different terms, you can only repay one loan with a lower monthly installment. You will recall everything from the comfort of your home as Home Credit pays off all the old loans for you after consolidation approval.
Repay as long as you like
Depending on how much you borrow on consolidation, you can also set a repayment period. The minimum maturity of a new consolidation loan can be 24 months , which applies to all loans up to € 5,500.
If you consolidate loans together for up to € 20,000, the maximum maturity is 96 months. The repayment period so long will reduce your monthly payment to an acceptable level for each budget. Repayments are paid each month at the same amount , either by bank transfer or by postal order.
Reduction and postponement of payments is a matter of course
Are you missing enough money for a month? A possible solution is to postpone the payment . A 1-month installment may be deferred for every 12 months of an active credit agreement. Up to 4 installments can be deferred for the entire loan maturity .
If you want a longer term solution, you can ask for a permanent payment adjustment. This is possible after proper payment of at least 4 monthly installments and fulfillment of some other conditions. The change in the installment amount can be not only down but also up. This is useful if you improve your financial situation and would like to repay the loan later.
Without a register and income it won’t work
The same is true with proof of income. Without proof of income, it is not possible to verify the applicant’s creditworthiness and its ability to repay the consolidation loan. So, if you have a stable and sufficient income, be prepared to document the amount.
Conditions for obtaining
- ID card and second ID, such as passport or driving license
- 18 and over
- current account statement
- credit documentation of all the loans and debts you want to consolidate
- income that can be demonstrated as follows:
- employees – acknowledgment of receipt on form from employer or paycheck
- sole traders / entrepreneurs – confirmed tax return together with a document proving payment of the tax
- pensioners – pension and proof of current pension