Glossary of loans

November 11, 2008 | Written by admin | on Loans , Personal Loans

It has recently been published on the site Italprest , agency and as the name suggests deals with funding , a small guide to loans . From this guidebook, we decided to derive a sort of introductory glossary, ideal for those who approach it with fear and the loan distrust because of the complexity of the topic and the confusing technical jargon.

To relieve some of 'the discussion we decided to take the shape of the top ten: in other words, here is a ranking of the 10 most important words of slang credit:

1. TAN: The TAN indicates the interest rate on an annual basis. Usually on the sale of the fifth TAN is very low given the low risk assumed by the regulator.

2. Mast: The mast is the sum indicates that the overall cost of a loan is repaid in full and if not terminated earlier and is given by a simple mathematical calculation: * term loan installment amount.

3. Liquidity: Liquidity is the modern term used when a person takes possession of cash.

4. Plan for Repayment: The repayment plan is the detailed plan for repaying the loan, calculated installment to installment, whether monthly, quarterly or yearly.

5. Guarantees: Guarantees are a tool that gives you more peace of mind in cases of financial institution loans . Are required to potential customers who have no income or financial situation at to complete a loan. In a normal personal loan may be required to sign a relative with high income, or a mortgage can be mortgaged the house.

6. Commencement: The commencement is the date on which you must pay the first installment of a grant or loan. Recently, consumer credit, the starting dates of funding may also be the year following the conclusion of the financing.

7. Assignment of the Fifth The fifth assignment of salary funding is regulated by Presidential Decree No. 180 05/01/50 28/07/50 and DPR n. 895 now mandatory for all categories of employees and retirees. It 'a loan that requires repayment of the loan through payroll deduction, thus facilitating the customer to avoid unnecessary queues at post offices or objections on c / c, incurring even if delinquencies in the c / c there are no funds.

8. Multi-year direct loan: the multi-year direct loan, a loan granted to members of the unitary self-management of credit and social services, with certain requirements, in response to documented personal and family needs.

9. Solvency is the solvency the ability to make payments and varies from subject to subject. The employee loans may finance, through payroll deduction, non-fundable as not creditworthy with other forms of loan.

10. Personal Loan: personal loan funding is a fixed sum of money at a fixed rate with a repayment rate constant, has not been finalized, dedicated solely to consumers.