Borrowed Money, Credit Banks and Loans?

Money lent, banks, loans ??? What is it???

Money lent, banks, loans ??? What is it???

From the earliest times until today man still does what the monkey did, says a song of the Titans, analyzing well is a half truth, since in the times of the cavemen, because there is not even mention of what could be money, these men used commodities as the basis of exchange among themselves, these exchanges were known as “barter.”

Let’s take an example to make it easier to understand: a person who planted bananas traded bananas for something that someone else had produced that was in their best interest.

As time went by, the exchange of goods among the peoples grew too much, and later men began to make use of precious material called gold and silver as a means of facilitating trade in general. But being of metal, gold and silver were not easy, much less practical to carry from one side to the other.

” Banks are intermediate institutions between surplus agents and deficit agents, who, in addition to others, exercise the function of capturing surplus funds and lending them to the deficient, generating the margin of profit denominated bank spread. Every bank, public or private, has these characteristics. Banks also have the function of depositing capital in forms of savings, financing cars and houses, exchanging international currencies, making payments, among others, “according to Wikipedia.

The Evolution of Banks

The Evolution of Banks

To facilitate transportation they created the first coins, made of pieces of gold or silver, on which the weight and its value were marked. One can imagine the person walking with one, two, three kilos of gold in coins, besides being very dangerous to walk carrying such metal up and down, at that time also had thieves, especially on the roads, to get an idea remember those old Western movies that you’ve definitely watched. For safety, some merchants decided to keep it in a place where they knew how to take care of gold: the goldsmith himself.

With this practice, the goldsmith had to provide the merchant in exchange for the coins that were stored, a receipt stating the value of the deposit. Of possession of the receipt the merchant negotiated goods directly with him, because everyone knew that the receipt represented the gold or silver kept with some goldsmith.

People of the time as time went on, they gained more confidence in the receipt and began to use it more in their negotiations and business transactions. Here we already see the creation of paper money, which we know until now as money, money, dindin, bufunfa, makes me laugh etc.

Then you may also realize that the Goldsmith was who gave birth to the idea of ​​a bank we know today.

What is an online finance simulator?.

What is an online finance simulator?.

What is an online finance simulator?.

An online loan simulator is in other words a “calculator” so as to obtain an online quote in a few clicks. This type of simulator is available for a car loan, a personal loan, motorcycle loan, or a mortgage loan.

It is simply a matter of filling in the amount you would like to borrow, then filling in the number of monthly payments you want to make the repayment. Depending on the APR * (rate) of the bank you have chosen, the calculation of the monthly payment will be done and so you can know how much you have to repay per month for an amount to borrow.

The borrower will no longer have to move to his bank to apply for a loan. He can also think about the arguments he will present to receive confirmation of his work or projects.

Nevertheless, the interviews concerning the latter remain important and necessary for its finalization. To sum up, if you borrow, all you have to do is fill out and calculate the simulation of your online loan. Then, just wait until you are contacted to discuss it: it is very convenient for your travels and your daily steps.

Difference between installment loan & personal loan?.

Difference between installment loan & personal loan?.

“Installment Loan” and “Personal Loan” refer to the same thing, they are very common consumer credits. The term personal loan is the most commonly used and means that you do not have to justify the use of the amount requested. The only thing is that the bank will check (like any loan) your ability to repay but rest assured, these checks are not as pushy as a mortgage. Generally, it is a fixed monthly payment and the sum requested arrives a few days after the online application.

The different personal loans available in Belgium?.

The different personal loans available in Belgium?.

There are many other loans in Belgium that can help you in your daily life or in the realization of your projects and ideas. For example :

  • the wedding loan
  • the holiday loan
  • the study loan
  • or any type of loan for electronic object (tv, etc..).

Insurance for your personal loan?.

Insurance for your personal loan?.

An installment loan may be covered by insurance.

It is for example possible to guarantee the assumption of your monthly payments in case of loss of employment or in case of temporary incapacity.

But also the total repayment of your credit in case of total disability, disability or death.

Think about it when applying for your loan, insurance is far from useless today.

If I can not repay my personal loan?

If I can not repay my personal loan?

It can happen to have financial worries, unforeseen events that would disrupt a loan in progress.

If, for example, you have several credits in progress, you can think about the grouping of credits that can greatly help you.

This “help” often makes it possible to reduce the total amount of monthly payments to be repaid.

A payment facility can also be requested from the bank where you purchased the personal loan.

For more serious situations involving multiple lenders, you could resort to debt mediation or group debt settlement.

Difference between personal loan & “fast” loan?

Difference between personal loan & "fast" loan?

Not to be confused, a so-called “fast credit” is actually a cash reserve that works like a credit card, a line of credit. It is called fast credit because in a few minutes you can withdraw the amount you need.
A line of credit is not a loan, there are interests too, but the repayment must be done more quickly than with a personal loan.

Difference between personal loan & “fast” loan?

Difference between personal loan & "fast" loan?

Not to be confused, a so-called “fast credit” is actually a cash reserve that works like a credit card, a line of credit. It is called fast credit because in a few minutes you can withdraw the amount you need.
A line of credit is not a loan, there are interests too, but the repayment must be done more quickly than with a personal loan.