Business loans are nothing negative – How to grow!

There is still a stigma around borrowing money. Many people, often those who are not entrepreneurs, believe that a company that lends money does not have a good business idea or business. It couldn’t be more wrong. If you do not have a long-term corporate loan for several years, you will often need shorter and more temporary contributions every now and then.

Surely you don’t react with a shock that someone has a mortgage?

Probably not. Because it is a necessity to be able to buy and own a home, especially in the big cities. That stigma has been polished away over the years and we hope that corporate loans online with shorter maturities and lower amounts will undergo the same transformation.


Grow with a smart business loan

Grow with a smart business loan

That’s why we at CredClick want to be as transparent as possible. You always know what it will cost because our loans have a fixed monthly fee, no set-up fee, start-up fee or other hidden costs. You can also repay the loan at any time at no extra cost.


What should you invest in in the short term?

short term loan

Unlike a loan from one of the traditional major banks, which is often arranged for three years or longer, a corporate loan is online to grow in the short term. It can be anything from a few months to a year. Therefore, consider these corporate loans as pillars for a high season, low season buffer or the opportunity to invest in something to grow.

Invest for example in:

  • inventories
  • marketing
  • Purchase of premises
  • Vehicle
  • Staff
  • Rental of premises or equipment

You can also use a corporate loan to cope with a low season and start charging for the upcoming high season.

For example, use the loan to:

  • Pay the tax
  • Pay wages
  • Pay local rent
  • Paying supplier invoices


Can a bridge loan be the solution?

As we mentioned before, a loan to your company can be a good solution between two different seasons. Going from high to low season can mean that there are a few months of reduced revenue and that you need to cover up for that period. Or to go from low to high season where you need to build that outdoor dining area, expand your inventory or something else to ensure that your revenue grows during that period. It is popularly called a mortgage loan and is a popular term for a loan that you get between a purchase and a sale of your own home. You simply borrow money to reach your goals when working seasonally.


Apply quickly and easily

quickly credit

An application costs you nothing as an entrepreneur. Neither in pure money in poorer credit rating when we use Creditsafe for personal information. Be careful about your credit rating as a private person and as an entrepreneur, as it is important for future credits, subscriptions, collaborations, etc. There is a big difference between UC and a credit report.

The application takes 1 minute and you will be notified within 1 hour. Both the application and the quotation are free of charge and not binding in any way. You can thus find out your offer in terms of amount and duration before making a decision. We pay the money the same day you sign the credit agreement with BankID.

Renegotiate your mortgage loan by taking advantage of low rates.

Home mortgage rates have continued to fall, slowly but surely, since the start of 2016. And if they have experienced some stability this summer, they nevertheless remain at floor levels rarely seen until then. What encourage candidates to acquire to realize their projects, but not only: if you have a loan in progress, it is more than advantageous to renegotiate with your credit organization … or buy your loan to go elsewhere !

Increasingly attractive borrowing rates

Increasingly attractive borrowing rates

Started in 2015, the gradual drop in mortgage rates largely explains the good health of the sector over the past year, with a return to the first-time buyers market (+ 38% in one year according to this article), also encouraged by strengthening government systems and by prices which have fallen slightly.

If it surprises analysts, the constancy of the rate cut allows all the seers of the real estate market to go green. It is certainly interesting to finalize an acquisition project when the average fixed rate over 20 years has risen to 1.75%! In details :

  • The average fixed rate at 10 years is 1.30%
  • The average fixed rate at 15 years is 1.55%
  • The average fixed rate at 20 years is 1.75%
  • The average fixed rate at 25 years is 2%

And these numbers are just averages. According to the Vousfinancer barometer, since the end of June, an excellent record can hope to obtain a fixed rate over 10 years at less than 1% (0.9% exactly), over 15 years at 1.2%, over 20 years at 1.35 %, and over 25 years at 1.7%!

Depending on the type of accommodation, the average rates are (all durations combined):

  • 1.59% on the former;
  • 1.62% on the new.

If these attractive rates allow buyers to realize real estate purchase projects, whether it is to acquire property, afford a long-awaited second home, or to embark on a rental investment, not only acquisition candidates are able to benefit from it. For those who have already contracted a loan, this is the opportunity to go through the renegotiation box: there are great savings to be made!

Renegotiating your mortgage: an opportunity to seize

Renegotiating your mortgage: an opportunity to seize

Have you thought about renegotiating your home loan? With rates halved in recent years, it is in your best interest to reduce the cost of your credit. If you borrowed at 3.3% (effective average rate in 2014) a sum of 200,000 USD, your credit will cost you, in the end, nearly 88,000 USD (including insurance); Today, with an excellent file allowing you to benefit from a rate at 1.35%, the same loan would only cost you more than 43,000 USD (insurance included)! A saving of 45,000 USD.

This applies to borrowers from previous years as well as the most recent. Indeed, the fall in interest rates was so strong and rapid that the loans contracted between the end of 2015 and the beginning of 2016 have every reason to be renegotiated! If we keep the example of 200,000 USD, the difference between the rates for January 2016 over 20 years (2.4% on average) and the current rates over the same loan period, makes it possible to earn around 15,000 USD, after payment of the prepayment penalties and the costs of the new guarantee!

Tips to renegotiate your credit with your bank

Tips to renegotiate your credit with your bank

The rates are advantageous; you are ready to renegotiate to get a nice gain on your credit; all you have to do is start discussions with your bank. And there, as much to say that the difficulties begin. Because the renegotiation of the mortgage is not exactly a priority for banking establishments – and especially not in the middle of summer, when part of the staff is lacking. Banks are not required to accept renegotiation; they can refuse a discussion outright without giving an explanation.

The operation is tried, however, and it will work all the better if your relationship of trust with your banker is good, and your profile is excellent (understand: you are solvent, never in the red, ant rather than cicada, and you have some potential – in the sense that you are likely to buy other banking products). In other words, it is the best profiles who are most likely to succeed in renegotiating a bank mortgage (see on this subject a previous post).

It is up to you to show your most beautiful financial face to your banker, with account statements and a list of products acquired from this same establishment; and if the discussion gets bogged down, it’s always good to have some precise calculations close at hand to demonstrate that you will have everything to gain by going to take out a new loan from a competitor – while threatening, in the process, leave with your accounts and your savings. This will put your banker in a position to wonder if he can afford to lose a good customer.

Note that in the event of renegotiation with the bank, it may be good to wait: the rates have probably not stopped falling. In addition, as of the next school year, banks will start to launch more aggressive offers – with rates that should continue to fall, therefore – to attract new borrowers before closing their balance sheets at the end of the year.

In the absence of any positive prospect on the side of the bank, there remains a solution: the repurchase of credit.

Tips for buying back credit

Tips for buying back credit

When the bank refuses to renegotiate a mortgage, it is always possible to turn to another lending institution. The credit repurchase operation consists, as its name suggests, in buying back the remaining amount (that which has not yet been repaid) and in taking out a new mortgage loan from a competitor, so as to benefit from the lowest rates. more attractive. But beware: this procedure has a cost and is only advantageous in certain cases, which is why it is essential to do your accounts properly!

Changing the loan establishment in fact causes the following expenses:

  • Prepayment penalties. They are due when you repay all or part of your credit to the lending institution in advance, and can reach 3% of the principal remaining due (within the limit of current interest over 6 months).
  • Guarantee costs. Whether it is home loan insurance, a bank guarantee or a mortgage, these costs will have to be paid again.
  • Application fee. They are to be negotiated with the new establishment chosen, which can for example offer them as part of a commercial gesture.

For example, for a loan of 400,000 USD subscribed at the rate of 2.4% over 20 years, the costs amount to approximately 12,500 USD (two thirds for the new guarantee, one third for the prepayment penalties).

This is the reason why a repurchase of mortgage is only interesting under certain conditions:

  • When the difference between the initial rate and the new rate is greater than or equal to 1 point;
  • When you are still in the first third of your refund;
  • For significant amounts, beyond 50,000 USD (which is generally the case with a mortgage).

In any case, when you are looking to take out a new loan at a more advantageous rate, it is recommended to take the advice of a real estate broker: he will guide you through the jungle of offers and negotiate the minimum fees at pay to the new lending institution.

How to avoid the bridging loan box?

Purchase-resale loan

Purchase-resale loan

Is it better to sell first before buying or buy before selling? An eternal question that comes up when you have to move. If you buy before you sell and before you start a bridging loan, be sure to sell quickly so that you don’t end up with two monthly payments on your back. But “If you sell your property first you may have to rent out and manage two moves before finding your favorite property. Today it is possible to buy one property before having sold the other thanks to the purchase-resale loan. Most banking partners offer this very advantageous offer which will allow you to sell with confidence.

This is a new loan that will integrate the bridging loan and buy back the capital owed on your previous property. So you have two years to peacefully sell your property and once the property is sold, you repay it in advance and without penalty for the corresponding amount. The loan continues to run for the remaining term between 20 and 25 years. Think of this solution very different from the classic bridge loan since you have only one monthly payment over a longer period with the ability to wait two years before selling your property.

Indeed, this bridging loan formula is less restrictive than the traditional bridging loan and gives you time to sell your property in 24 months without the risk of ending up with two monthly payments on your back. Banks remain vigilant and do not offer these formulas in areas where the property market is relaxed, that is to say where supply exceeds demand (Editor’s note).

Another possibility to avoid the classic relay loan box

Another possibility to avoid the classic relay loan box

It is now possible, at least in bank, to sell your property to Homeloop, an express real estate agency. The latter will buy your property back in 48 hours flat. Convenient for those who want to escape the traditional bridging loan, for those who are transferred, expatriates, or those who do not want to waste time with buyers who are refused a loan or who exercise their right of withdrawal.

Homeloop is based on the American Opendoor model, which is a hit in the United States. “A unicorn valued at nearly two billion USD according to the latest information circulating in the market” (one billion a year ago).

How long does Homeloop take to make a binding purchase offer to the seller owner?

How long does Homeloop take to make a binding purchase offer to the seller owner?

Today, Homeloop is able to make a firm offer to purchase in 24 or 48 hours after the visit of a real estate expert. We make offers at market price with a discount slightly higher than the fees of a conventional agency but which allow to fully secure the sales process.

A number of our customers prefer to sell to Homeloop rather than going through a bridging loan which has an anxiety-inducing side: you are buying your new house without having sold your old property. The bank will finance you only a percentage of the value of your property and in return you have to pay interest. In addition, she asks you for a mortgage, which is not necessarily reassuring. In fact, if you find yourself unable to pay the two monthly credit payments, the bank may seize your property.

Other clients transferred abroad ask us to quickly redeem their property before their departure. Other sellers appeal to Homeloop after having experienced a withdrawal from a potential buyer.

What do you guarantee to the seller?

What do you guarantee to the seller?

The sale is completely secure. Homeloop cannot retract unlike an individual. We offer them an extremely flexible sales calendar that adapts to their needs.

Note that Homeloop can never turn against a seller for reasons of vice-concealment for example because we are real estate professionals and we buy with full knowledge of the facts. This is the reason why we carry out a fairly extensive audit of the property via the expertise carried out upstream of our purchase offer.

It is therefore now possible to sell your apartment as quickly as your car. Without having to embark on a risky bridging loan.

Credit Cards – A Good Alternative To Sms Loans

A credit card can in many ways be a good alternative to a sms loan. On the one hand, this solution is more flexible, freedom is greater and many credit cards are actually cheaper than traditional sms loans. In addition, a credit card is great for those who always want a plan B if you suddenly experience an unexpected, larger expense.

Finding a cheap and cheap credit card today is hardly difficult, since the market is basically ripping them off. There are lots of different cards to choose from, ranging from credit cards with advantageous bonus systems, credit cards with travel protection and credit cards that offer gas and food discounts. Below, we will take a closer look at some of the benefits of credit cards.


Credit card benefits

Credit card benefits

  • The credit card is more flexible. You apply for a certain amount of credit, but you only use as much of the credit as you need. When it comes to repayment, you can repay your debt at once or split the payment to suit your finances.
  • Many credit cards contain an interest-free period. This simply means that the credit does not cost anything if you repay the borrowed money within the interest-free period, which is usually around 45 – 60 days.
  • A travel cover is often included in connection with a credit card, which can be very advantageous for you who are often traveling. By paying the trip with this card you are automatically covered by a travel insurance, it usually includes a cancellation cover and you can in many cases also get nice discounts on hotels and air travel.
  • Most credit cards offer some kind of discounted bonus system, where you who own the card, for example, receive bonuses on all purchases you make in certain stores.
  • There are credit cards called food or gasoline cards that can give you discounts on car wash, fuel and food.


Quick loans or credit cards – what should I choose?

A quick loan can be a good alternative if, for example, you need to borrow something special that you know in advance what it costs, such as a holiday or home electronics. An instant payout loan can also be a great solution if you are suddenly hit by an emergency expense. If you take a quick loan directly, you can get the money already within 15 minutes, sometimes even in the evenings and weekends.

A credit card is better suited if you do not really know how much you need to borrow and when you need to borrow. Maybe you want to be sure that you can actually pay a sudden expense and then a credit card fits perfectly as a buffer alongside your payroll account and your savings. You only use as much of the credit as you wish and pay back flexibly.


Compare to find the best credit card

As mentioned, there are a variety of credit cards with different benefits to choose from out there. Knowing which card is the best is not always easy. In order to be satisfied with your choice, you should compare different options before you strike. This is especially important if you do not already know what you are looking for. This way you reduce the risk of buying the wrong card and by comparing you can also save money. Fortunately, there are helpful comparison services out there that help you find the very best credit card for you and your needs.

Do you want to find a favorable credit card today? Then you can compare the best cards here.

Loans online without Credit Bureau

Today, private borrowers can look forward to numerous offers on the market that can convince with attractive terms. Currently, it is no longer only the offers of the large online and commercial banks that are being found, more and more small online banks are also offering their customers attractive loan offers with interesting terms, purposes and interest.

In order to attract new “customer groups”, many banks have added new credit products to their portfolios, specifically targeting people who, for example, have not been granted credit due to a negative Credit Bureau.

Today, people with a negative Credit Bureau can benefit from numerous offers that do not take Credit Bureau into account in the credit check. Here too, borrowers can benefit from attractive interest rates under certain conditions, but whoever wants to secure the best loan offer in the long term cannot avoid comparing several offers.

Find loans online without Credit Bureau – this should be borne in mind when comparing

Find loans online without Credit Bureau - this should be borne in mind when comparing

When comparing loans online without Credit Bureau, borrowers should pay attention to the effective interest rate. A comparison should not be avoided if you want to benefit permanently from low credit costs and low interest rates. In contrast to the borrowing rate, the effective interest rate covers all costs and risks associated with borrowing.

The effective interest rate is fundamentally dependent on the creditworthiness of the borrower, the loan amount and term as well as the use. In addition, application, provision and administrative costs also play a decisive role. In the case of a loan without Credit Bureau, the creditworthiness is primarily determined by income; if you have a high income, you can also hope for attractive interest rates on loans without Credit Bureau.

However, the term and the amount of the loan are also of crucial importance. Those who opt for a long term and a large loan amount must expect a significantly higher effective interest rate, which can be attributed above all to the significantly higher risk for the banks. Accordingly, borrowers should always opt for a short term and small loan amounts whenever possible. Short terms, however, go hand in hand with a high liquidity burden, which borrowers should of course take into account.

If you compare loans online without Credit Bureau, you should always “consider” the option of special repayment. Numerous banks now allow early repayment of the loan free of charge.

Compare loans online without Credit Bureau and save a lot of money

Compare loans online without Credit Bureau and save a lot of money

When looking for a low-interest loan, borrowers should definitely consider the online loan comparison. The comparison of loans with a loan calculator is now made possible by numerous financial portals on the Internet. The comparison with a loan calculator enables the borrower to make a comparison taking into account individual information, in this way borrowers can secure the best individual offer with the lowest interest rates and the best framework conditions.

Christmas Loans – Find the best gifts for your partner


For each passing year, our consumption increases, not least during Christmas. We go out on the streets and on the internet to buy Christmas presents for several billion USD. This holiday is, to say the least, joyful and for many perhaps the absolute highlight of the year, but unfortunately Christmas also has a dark side.

Many Swedes are indebted during this time because they take quick loans to afford everything that Christmas means, which they cannot then repay. Of course, a sms loan can be a very good alternative too, but as we have always said, it has to be responsible and realistic.

We at WiseOne Finance are now going to take a closer look at WiseOne Finance at Christmas time, what to think about and what alternatives are available.


Tempting but dangerous

money loan

It is not uncommon for many to find that Christmas gift shopping is stressful and difficult, but for others it may actually be one of the most fun of Christmas. Finding nice gifts for their partner, checking off their children’s wish lists and finding that perfect gift that brings a smile to their parents’ lips. After all, giving can be more fun than getting in some cases.

Sms loans can be a good solution if you have a little bad money just during the Christmas month, but are aware that you will get a better salary in the future. As long as you can take responsibility for the loan you take and are sure that you can pay the repayment, it is of course no problem to put a little gold edge on Christmas with the help of a loan. However, there is the risk that you can abuse these easily accessible loans because you see them as a quick solution. Many people forget who will sit with the bill in the end.


The responsibility lies with you

The responsibility lies with you

When it comes to borrowing money to buy Christmas presents, we can only warn that it’s probably not the best idea. It is simply not worth living over its assets to pay for a holiday. Although it seems like a good solution at the moment and everyone is happy with their Christmas presents, it will always be a count.

The very best is simply to think carefully and maybe find some cheaper alternatives. Or why not try to find an extra income if you know you want to buy some more or finer Christmas presents? Maybe sell some things you have lying at home? It is possible to find better solutions.


Alternative solutions to the Christmas problems

Alternative solutions to the Christmas problems

Below we will go through some conceivable scenarios where a loan can seem like a good idea and what alternative solutions it can actually find.

Your son has written a long wish list of things he wants, most of which are quite expensive. He has, of course, been inspired by what his friends wanted. Your finances are not enough to buy everything he wants, but you still want to be a good parent and put that genuine smile on his face.

Solution: The first thing you should do is calculate how much you can actually afford to spend on Christmas presents this year. Try to find out what is highest on your son’s wish list and focus on it. A good tip is to buy one or two slightly more expensive gifts and spend the rest of the money on more cheap gifts. Quantity usually beats quality when it comes to smaller children.

The month’s pay is not at all enough for the Christmas presents you want to buy for your family, but a Christmas without Christmas presents is of course not an option. However, you know that the next salary you receive will be much better.

Solution: Are you sure that your next salary is better and that you will not have any major expenses in the coming month, a sms loan may actually be a good option if you cannot afford your current salary. However, be careful about how much the loan will cost you in the end and try, if possible, to find a free sms loan if you have the option to pay it back within a month.

Your girlfriend wants a Christmas present that you can’t really afford. Of course you want to make her happy, but your finances don’t really allow it.

SMS loan as an emergency solution

A new month-end means for most of us new salary but also a couple of bills that need to be paid. Around the 25th, the salary usually rolls into the account and a few days later the insurance, rent, electricity and mobile phone bill need to be paid. If you have made sure to plan your finances well, you usually have no major problems in paying these linings.

Unfortunately, it is still easy to get into difficult situations where the money is not enough. An unforeseen expense can sink the private economy without warning. Maybe it is a tooth that needs to be repaired or a refrigerator that has been chosen to remove. The result is the same no matter what the reason is and a quick cash injection will be required to pay the bills.


Sms a quick but risky fix!

sms loans

Help me have no money left to pay my bills! So what to do when the money is out and you have a pile of bills to pay? The closest thing is to lend the sum that is missing. In the normal case, it is customary to contact the bank to borrow money. Unfortunately, when it comes to smaller sums of a few thousand USD, it is difficult to get a loan granted from an established major bank. But there are alternatives. You can get money directly with sms loans, a form of fast loan with instant payment.

Sms loans do not directly have the best reputation, it is mainly because interest rates are high. Another problem is that many do not read through the full loan agreements and thus also miss important facts and conditions. The most important thing if you choose to take sms loans is to repay the money on time, if you miss the repayment date many times delay fees and penalties are added. If things are really bad, there is a risk that the case will end up with the Crown Magistrate.


Take control of your finances & think long term

personal finances & amp;  think long term

Although credit loans can be used to stave off a potential short-term financial crisis situation, you should never rely on long-term loans. Instead, look over your finances, start budgeting, try to build a buffer and look at what costs the most each month. Long-term planning prevents you from getting into situations where your entire finances are swayed.

In conclusion, it may be wise to recall a simple truth that is also the key to a healthy private economy; never live over your assets. For many it is a matter of course, but this truth can be repeated.