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The Change in the Economy and the Entire Market

In 2011, the orange economy produced 4.3 billion dollars, equivalent to 120% of the German economy. That same year, a 134% increase in exports from this economic sector was reported, compared to 2002.

There is no doubt that the orange economy is one of the best areas to undertake, but do you know what it is?

In Lord Fauntleroy Mexico, in addition to offering you personal loans online, we want to provide you with the information so that you can take your finances responsibly. For this reason, we have prepared this article to explain the great advantages of undertaking in the orange economy sector.

What is the orange economy?

 

What is the orange economy?

 

To date, this term is difficult to explain and not all organizations agree on its definition, however, there are three aspects that are repeated in all the explanations and that can help us better understand what the orange economy is:

  1. Creativity, arts and culture as raw material.
  2. Relationship with intellectual property rights.
  3. Direct function in a creative value chain.

According to British author, the creative economy (now known as “orange economy”) is related to the sectors in which the value of services or goods is based on intellectual property.

Basically, the orange economy encompasses all cultural industries, which relate to creative services, sports and cultural policies.

Some of the best known examples of the orange economy are: • Theater • Fashion • Cultural tourism • Sports • Videogames • Newspapers • Cinema • Architecture • Books, among others.

What are the advantages of the orange economy?

What are the advantages of the orange economy?

  • Unlike other industries, creative is less likely to be affected by economic crises.
  • The increase in the number of netizens and their connection time increases the trade in creative goods and services.
  • Orange companies are generally cleaner and more environmentally friendly.
  • In Latin America, the orange economy is practically an opportunity for virgin entrepreneurship, since very few people have decided to enter this sector.

How can it be undertaken in the orange economy?

Although there is no formula to start an orange business, you can follow some steps to recognize opportunities in this sector:

  • Think of ways to apply ICTs to culture.
  • It investigates the habits of consumption of contents of the population: what type of series they see, when they go to the cinema, which books they buy, which museums they visit, etc.
  • Exceeds the idea that culture does not sell and imagine innovative ideas to sell cultural goods or services.

Take advantage of the great growth opportunities offered by the orange economy, and start now. We lend you so you can start your business. In Lord Fauntleroy Mexico we offer you loans online instantly, you just have to register on our site or in our app. Fill out your application in minutes and become a Lord Fauntleroy Mexico customer so you can receive all the benefits of our personal loans online.

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What time to think after taking out a credit?

By taking out a personal loan, you benefit from a reflection period of 14 days. During this time, a waiver of the loan without justification is possible.

Such a period starts on the day you enter into the contract or when you receive the contract containing the information provided by law, when the receipt of this document occurs after the day of the conclusion of the contract.

When you make the decision to waive your loan, you must notify your lender by registered letter within 14 days. Check your contract, however. It may be that you authorize a waiver by sending a simple email.

In case of purchase of a service or a good without the conclusion of the least contract, it is possible to give up this one. Such renunciation can only be made in certain hypotheses:

  • The contract of purchase of service or is concluded at a distance, on the Internet for example. In this case, you can give up within 14 days from the day after delivery of the service or property. This will only be possible if you receive more information such as the characteristics of the service or property purchased, the complete identity of the seller, the existence of a right of withdrawal and the price.
  • The conclusion of the contract takes place outside the premises of the seller, that is to say:
    • In an exhibition, a fair or a salon, provided that the price is not immediately paid or over 200 euros.
    • You buy a motorcycle for € 10,000 and you apply for a personal loan the next day, which is granted to you with a contract providing that this credit was granted to you for the acquisition of this motorcycle.
    • During an excursion organized by the seller or for the benefit of it outside his shop. This is the case for example when you participate in an excursion to an abbey and you are offered to buy a set of glasses that you must pay in 6 monthly installments.
    • At your place of work or at your home. This is the case if you receive at your home a seller of appliances that manages to convince you to buy a vacuum cleaner and you later regret this purchase.

In these situations, you can retract within 7 days from the day after the signature of the contract. No renunciation of the purchase contract is therefore possible outside of these hypotheses referred to above.

Effects of retraction

Effects of retraction

For the determination of the consequences attaching to this waiver, four situations must be distinguished:

  1. A service or a good is bought from a seller A and a personal loan is contracted from a lender B. A waiver in this case has no effect on the contract.
  2. You buy a service or property from a seller A and you apply for a credit linked to a lender B. In this case, the waiver has no consequences on the contract with the seller. This one must be executed.
  3. A service or good is acquired from a seller A and a credit agreement is concluded with a remote lender B. You can in this situation waive the personal loan agreement without affecting the sales contract.
  4. You buy a service or property from a seller A remotely and you conclude a loan from a lender B remote or not. In this case, the cancellation of the purchase contract can be done within 14 days of delivery. This retraction systematically entails that of the loan contract.

Consequences of the right of withdrawal

Consequences of the right of withdrawal

Tangible personal property must be returned as soon as you renounce the credit that made it possible to acquire it.

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Revolutionizing Financial Services: Traditional Banking

Learn more about the trend that is revolutionizing financial services: fintech. The term fintech (short version of finance technology) refers to financial institutions that operate through the use of information technologies (websites, applications, social networks, etc.) to offer alternatives to the services offered by traditional banking .

Technology finance companies work similarly to banks, only they do so through completely online operations. Some of the sectors where technology finance companies are leading the market are crowdfunding, forex (currency trading) campaigns, digital currencies (such as bitcoin) and, of course, internet loans.

Advantages of fintech services

Advantages of fintech services

Performing 100% online operations ensures that the service is, on the one hand, more efficient and timely and, on the other, more economical. This, not to mention the practicality and ease with which financial products that would traditionally involve moving to a branch or a complicated and time-consuming process can be acquired. The fintech in the end what they are looking for is to offer loans to people who for some reason are not served by traditional banking.

How to choose a fintech

How to choose a fintech

The services offered by fintech are generally characterized by their almost immediate response and simple procedures, however, not all technological financial institutions operate under regulations that offer guarantees to their customers. If you are thinking of applying for a loan online, we recommend you investigate before if fintech is registered with Colaburg. This is very important since if a problem arises with your credit online, you could only claim if the financial one is regulated by Colaburg.

In the case of Sydney Carton Mexico, being constituted as a Multiple Object Financial Company , it is regulated by both the Colaburg and the NatBank and Securities Commission. In this way, we make sure to offer our clients immediate loans through a safe and legal service.

First of all, notice that the financial technology company has a solid backing and is a serious institution. Mexico is the Latin American country with the highest number of fintech (in total 160 companies), so there are many companies that offer financial products that only put the patrimony of their clients at risk.

When you need a loan online, apply only with the experts. Sydney Carton Mexico is part of Sydney Carton, a European financial group with a presence in 16 countries and more than 9 years of experience. In addition to offering an efficient service, we offer our clients exclusive advantages, such as 0% interest on their first online loan.

 

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Best loan offers in Belgium

A personal loan is a consumer credit that you provide a certain amount at a certain time, you must then repay this amount and interest over a predetermined period. Unlike a mortgage loanyou do not have to provide collateral, a personal loan only requires that you pay off a monthly amount on time. You can use the money from this personal loan for all personal purposes. For example, you can use it to furnish your home, pay off debts, finance your dream vacation, pay your marriage, etc. The period you need to pay off the loan depends on the bank and the amount you wish to pay. derive and varies between 1 and 10 years. Almost all banks offer personal loans. 
Almost all banks offer personal loans. With the help of the OneTopNotch comparison tool, you can compare the various providers on the market side by side and immediately get the best offer to find your size. Compare interest rates, the amount to be borrowed and the total amount to be repaid. Discover other offers such as welcome benefits, special rates and other promotions. The OneTopNotch comparison platform is free and easy to use: find the right personal loan at the lowest rate immediately!
Don’t have time to go to your bank? Apply online via OneTopNotch for a personal loan and save time! Choose a setting with the best rate based on your desired amount to borrow and repayment period. The extra information that you must provide during the application process depends on the financial institution. To be eligible for a loan, you must be at least 18 years old and a resident of the European Union. Some institutions may request proof of your income and proof of residence. Your creditworthiness will also be assessed. Find the best personal loans in Belgium via OneTopNotch. Compare and apply for a personal loan today!

A loan for an apartment or a rent – which pays for itself more?

Renting apartments is becoming more and more popular nowadays. This is due to both the growing market for rental housing and increasingly expensive loans. http://genki-foods.com for further explanation

When deciding on loans, you have to reckon with the long-term repayment of installments.

Renting apartments allows you to choose apartments that have a favorable location or adequate space. At the same time, renting a flat fee is spread over a long period of time.

However, when deciding on housing loans, you often have to take into account higher costs in relation to rental costs. Much depends on the situation on the financial market. There are times when renting is a better solution, when at other times on the market a better solution will be to put on housing loans.

Buying a flat for years

When you want to buy an apartment where you intend to live for a lot then you can decide on housing loans. Such financial products allow you to obtain financial resources that allow you to buy a flat when you do not have enough cash. It is also good to decide on loans that are available in favorable financial conditions.

This applies, among others, to bank margins and interest rates. This allows you to acquire much more beneficial financial products, which are much easier to pay off. At the same time, you can opt for housing loans available under promotional terms. Then you can count on reduced credit costs.

Renting apartments

If you decide to rent a flat, it is a good idea to make offers that allow you to use the rental in such a long time as it is necessary. In Poland it is more difficult to find a long-term rental. However, you can also opt for short-term rental, which is a solution when you want to stay flexible on the residential market.

Renting apartments is a good solution when you do not want to burden your home budget with loan installments. At the same time, you can opt for such flats that have much more matching features, which allows you to live in a more comfortable environment.

Favorable offers

It is always worth spending some time to check and compare individual offers both on the rental market and on bank loans. This allows you to decide on the most favorable financial conditions. Choosing the best offers from a financial point of view can count on ensuring savings in the long term. This is important both with longer periods of rental contracts as well as long periods of housing loans.

Then you can decide to use the offers on the credit market, which will be available under promotional financial conditions. The easier it is to repay the loan or the smaller the fixed installments for renting it, the budget is much less burdensome, which is important when you do not want to avoid financial problems.

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Guarantee for a Loan: Smart or Not?

Your brother, sister, friends or son or daughter for a loan. Because they are close to you and you trust them, you will probably do the same. You are convinced that they will repay their debts. Commitment to act as a guarantee appears to be just a formality to help another person in obtaining credit. But think about it carefully, because guaranteeing is a big responsibility. Do you already know what the consequences are?

 

Guarantee for a loan, what does that mean?

Guarantee for a loan, what does that mean?

If you want to take out a loan, the bank can ask you for a guarantee. This guarantee is intended to ensure the repayment of the credit. If the borrower finds himself in a situation where he/she cannot pay off his / her debts, someone who can act as a guarantor may intervene. 

 

Who can act as a guarantor?

Anyone can decide to stand surety for a loan without having any relationship with the borrower. If you act as a guarantor, you must have legal competence from intellectual into. In addition, you must meet certain conditions. From bank to bank, it is important to use the information provided by the bank and the bank.

In the future, there is a need for financial support for financing or financial services. Both either the borrower or the guarantor will receive a copy of the credit agreement. Normally, the duration of the guarantee is the same as that of the borrower. However, if there is an indefinite credit agreement, the guarantor’s contract cannot be longer than five years. The contract can only be extended with the consent of the guarantor.

The amount to which the guarantee applies may not exceed the amount of the loan plus deen. From the interest of the welder and the hedgehog in 50% of the principal. A financial institution may also not request any costs or compensation from the guarantor.

 

What are your rights as a guarantor?

What are your rights as a guarantor?

Securing a loan as a third party can have serious consequences. It is therefore very important that you are properly and fully informed.

 

You have the following rights:

  • To obtain Credit: creditor or you must inquire about the duration of the commitment in amount. You must also receive a copy of the proposed credit agreement. The guarantee must be drawn up in writing and must contain mandatory legal statements.
  • During the term of the credit: the lender must keep you informed of any changes that can be made to the contract. The lender must also remind you each year that you are the guarantor. Moreover, he must keep you informed of the outstanding interest in costs. You must also be warned when the borrower encounters problems paying his loan or if payment facilities are allowed.

From specific rights in proceedings depend on the type of guarantee:

  • Ordinary guarantee: the creditor initially applies to the borrower for repayment and has used all legal remedies against him. Not if the creditor cannot receive (full) payment from or the borrower, he can turn to or pay a deposit.
  • Joint and several guarantee: from principal debtor to guarantee on an equal footing. The creditor can demand the entire repayment from both the borrower and the guarantor, without the creditor having to prove that the borrower is insolvent.
  • Indivisible guarantee: When several people stand surety, ask the giver of the full sum of the loan.
  • Limited guarantee: with this form of guarantee, the amount or duration of the guarantee is limited.
  • Mortgage guarantee: in the aforementioned case, grant or guarantors, for example, or parents of a child who wants to take out a housing loan, a mortgage on their house as security.

 

What happens if the borrower does not repay the loan?

The consequences depend on the type of guarantee that you have signed. If you have chosen the ‘normal deposit’ then you will have to take action in the following cases:

  • When the borrower has not repaid the last two installments of the loan
  • If the borrower has not yet repaid at least 20% of the total amount to be repaid
  • If from borrower has not yet repaid at least 20% of the late payment

The lender must notify the borrower by registered letter that he has overdue payments. If the borrower does not pay his debt within one month after sending the registered letter, the lender can approach the guaranteeing party for paying the loan.

 

Is or Guarantor protected?

Is or Guarantor protected?

After signing the guarantee contract you still have fourteen days to change your mind. In that period you can optionally choose to (partially) cancel your commitment. For this you must prove that your commitment is not in proportion to your assets or income. You must also ask yesterday for admission to the labor court if the borrower and one of the debt settlement sits.

If you have paid off the debts, you can always reclaim your money from the borrower as a deposit. Usually says says will yield little because the borrower is insolvent.

Please be very aware of that decision to sign a guarantee for a loan. Make sure you read the contract carefully and carefully consider what impact says it has on your financial situation if you should indent. Guaranteeing a loan can be a good idea to help a neighbor or loved one, but it can also quickly put you in debt.

If your friend, family member or loved one has not yet found the loan that suits him best, consider comparing all financial institutions.

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Record for the mortgage loan in Belgium!

 

The third quarter of Belgian real estate activity closed with an index of 119.4 points. Never seen in a decade!

At the end of September 2017, the national index was 119.4 points, the best result in 10 years! Indeed, the last high index was last displayed in 2007.

While in the summer the real estate market is generally running at a slower pace, it is clear that this was not the case last year!

Real estate effervescence

Real estate effervescence

For the whole of Belgium, the 3rd quarter of 2017 was characterized by an increase in real estate transactions. At the end of September, increases of 5.7%, 2.5% and 3.7% were recorded for Brussels, Flanders and Wallonia.

Yet, at the same time, mortgage demand had decreased by almost 7%. So how do you explain this increase in sales? Simply by increasing real estate purchases without recourse to mortgage credit.

Increasing the average price of a house

Increasing the average price of a house

The increase in real estate transactions can be explained in particular by the rise in real estate prices. In fact, Belgian houses were 1.7% more expensive on average this quarter. In Flanders, the increase was 2.4% whereas in Wallonia it was only 0.3%. Nevertheless, it should be noted that the average price of a property was at its highest level in the whole country.

Slight decline for apartments

Slight decline for apartments

The only drop recorded in this quarter 2017 was for apartments. Indeed, the competition in this area was then very large. The average price of an apartment had decreased by 0.1% compared to the 2nd quarter of the same year.

Barometer of the notaries

All of these observations come from the barometer of notaries, which is based on sales for the past quarter. The data is collected electronically and allows notaries to get a better idea of ​​the state of the real estate market in Belgium.

 

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Energy loan – Finds the best Green loan

An energy loan from a bank or financial institution, also known as a green loan, is a variant of a renovation loan. With this loan, a home is also being renovated, but here it is from an energy-saving point of view. For example, a loan for solar panels is a green loan.

Banks want to promote these environmentally-friendly initiatives, which is why the interest on an energy loan is lower than on an ordinary renovation loan. Usually we work here with personal installment loans and not with mortgage loans.

In addition to the fact that an energy loan or green loan has a low interest rate, there are also benefits associated with energy-saving investments. This way you will get a lower energy bill, which may be very welcome given the high energy prices. The value of your home also increases, which can then be useful for a later sale or lease. For example, you can apply for a loan for solar panels and discuss this on your electricity bill.

However, these energy-saving investments can be quite expensive. So if you prefer not to use a large part of your savings account, a green loan can help you with this. You then have enough money from the start to pay for your investments and pay back at your own pace. That is why it is useful to compare energy loans. This way you can find the cheapest green loan on the Belgian market!

Most banks give you the option to borrow between € 1,250 and € 100,000. You must then repay this within 6 and 120 months. So you have enough money available to cover the costs associated with energy-saving investments.

You can of course use an energy loan to implement energy-saving measures. But what exactly is seen as an energy-saving investment? For this, it is best to contact your bank to check whether they do offer a green loan for the works that you want to perform. However, most banks do offer energy loans or green loans for the following renovations:

Roof insulation, floor insulation and other insulation. A loan for solar panels, solar water heater and heat pump also fall under the green loans.

There are also banks that offer energy loans for measures that better protect your home against burglary or fire. However, this is not the case with all banks. So definitely ask this.

At most banks it is possible to apply for an energy loan for other renovations that are not energy-saving. For example, if you need a new kitchen or bathroom, you can use an energy loan for this. The construction of a swimming pool can also be financed with an energy loan.

However, you must bear in mind that when you take out an energy loan, most banks require that at least 75% of the investments are energy-saving investments. The banks therefore also expect that you can submit quotes or invoices that show that at least 75% of the money borrowed is used for energy-saving measures.

However, do you only want to renovate your kitchen? Then it is better to apply for a renovation loan. This loan allows you to renovate your home without the obligation that you do so by taking energy-saving measures.

The federal government grants you a tax reduction for certain environmentally friendly investments. However, it is important to keep checking this; the premium can vary from year to year. In Belgium you can receive a discount on your property tax for environmentally friendly renovations.

There is also such a thing as a Flemish energy loan. These loans are paid out by the ‘Energy Houses’ of municipalities. They decide whether you will be granted the loan or not. Specific conditions apply here: only a number of energy-saving investments are eligible. You must live in or rent out the property. Also the maximum amount that you can borrow is usually a bit lower than with normal green loans. Please note: this option currently applies to everyone until the end of 2018. From 2019 only the priority target group and legal entities will be eligible for a Flemish energy loan.

Because people want to promote environmentally friendly investments, it is possible to claim premiums through your network manager. These premiums can be very interesting. It is therefore best to inquire about the possible premiums for the current year. On our blog you can find some articles about renovation premiums.

Besides the general conditions of a personal loan you here can find, keep still account for an energy loan with another condition: you should only use a green loan to finance energy-saving work as a loan for solar panels. Sometimes the projects are specified by the bank itself. You must therefore be able to submit to your bank tenders or invoices that prove that you will actually use the money from the energy loan to finance energy-saving investments.

There are, however, certain banks that make exceptions to this. For example, it is possible for some banks to apply for energy loans where it is sufficient that at least 75% of the borrowed amount is used for environmentally friendly works. You can then spend the other 25% on other things, such as redesigning your garden or a new veranda. Some banks also offer you the option of securing your home better against burglary or fire with a green loan.

Just like with a renovation loan, you can reduce your costs. After all, it is difficult to estimate in advance exactly how many energy-saving renovations you are going to choose. This can result in you borrowing the wrong amount which can be disadvantageous. If you borrow too little, you may get into trouble, but if you borrow too much, you must repay more than you should have.

The best way to prevent this is to request quotes. Most contractors are willing to offer you quotes free of charge and without obligation. This allows you to find the contractor with the best price and you know exactly how much you would best borrow.

To find the best energy loan it is important to compare these loans. You do this best on the basis of the Annual Cost Percentages. On this website you can place several green loans next to each other for free and find the loan that best suits your needs. So do not hesitate any longer and get started with our result table so that you can quickly make your home energy-friendly!

Due to rising energy prices and climate changes, more and more people are interested in purchasing solar panels. However, this green and economic way of generating energy has a price tag. Fortunately, there are several ways to finance this investment that you do not have to immediately claim from your savings account. For example, a green loan for solar panels can offer a solution. On OneTopNotch you can easily and quickly find the cheapest energy loan. All you have to do is click on the orange button at the top of the page and choose the green loan that suits you best. On the left side of the page you can update and personalize the various criteria. You can then click further on the page of the bank where you are applying for the loan.

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Payday Loan – compare all loans

A payday loan is a consumer credit on installment and can be used for all purposes. This loan therefore makes it possible for you to finance all kinds of expenses, whether unforeseen costs, the purchase of a consumer good or the financing of certain services. What you should certainly not forget here is that the loan amount plus interest must be fully repaid.

The most important characteristic of this loan is that you can use this loan for all kinds of purposes. For example, if you want to finance a car, make a dream trip to Asia or pay for your children’s studies, you can take out a payday loan without having to use your savings account or investments. Therefore, you do not have to show documents with the application to justify what you will use the money for.

In Belgium there is a whole range of payday loans for all purposes such as the energy loan, the small loan and the student loan. These loans do not have to be used for one specific case and they all work in the same way. The possible duration varies from bank to bank.

It is important to make a distinction between borrowing for a specific purpose and an ordinary payday loan without a specific purpose. A payday loan with or for a specific purpose makes it possible to pay for a specific project, such as buying a motorcycle or renovating your house. The other type, the ordinary loan, on the other hand, is a consumer credit and is also referred to as a payday loan for all purposes or a multi-purpose loan. Whether you are going to pay for a holiday to Australia with the money, or want to buy a second-hand mobile home, you do not have to justify why the loan is being requested. Unlike with loans for or for a specific purpose, with payday loans for all purposes there is no difference between the annual cost percentages. The interest calculation is so easy: feel free to visit our payday loan simulation.

Do you ever wonder: “How much money can I borrow?” The total amount depends on the bank, so it is advisable to compare loans. In general, the minimum amount is € 1,250, although this can also exceptionally be € 500. The maximum amount will be determined by your credit history, repayment capacity and financial situation.

Cheap borrowing is of course a dream for many. To help you with this, you can compare all cheap loans for free on OneTopNotch. This way you can immediately see which bank you prefer and you can make your choice with certainty. The amounts of the different banks can be found in our payday loan simulation.

Depending on your credit history, your personal and financial situation, the chosen institution, the annual percentage rate (APR) and the chosen term, you agree on an amount with the bank. You can choose yourself how many months you will repay your loan. However, the maximum duration is set by Belgian law through the Royal Decree of 14 September 2016. Therefore, the duration – depending on the amount borrowed – is usually between one year (12 months) and ten years (120 months).
A payday loan always entails extra costs. These costs include interest and file costs and are expressed in the APR. The cost percentage makes comparing loans a lot more accessible and easier. The APR is fixed and does not change during the entire term of your loan. In other words: the bank cannot adjust the interest rate of the loan and is fixed at the start of the loan. The interest rate depends on the chosen bank, how much money you borrow, the term and the type of loan.
Banks and financial institutions are adapting to increasing life expectancy and therefore do not make borrowing exclusively possible for younger generations. Most banks offer specific loans for older people, since senior citizens are in a different phase of their lives. They often no longer work, have a pension and run a higher risk of illness or the inability to pay off long-term loans. Borrowing money at an older age is therefore possible if sufficient guarantees are provided, such as proof of taking out sickness and invalidity insurance.
With a payday loan you are not required to take out insurance. However, insurance can be highly recommended by the bank, especially if the amount borrowed is high. If something happens that makes it impossible for you to pay your repayments, the insurance will pay this for you. Extra insurance can therefore be useful, for example, if you fall out of work, become permanently or temporarily disabled or in the event of illness or death. The specific insurance conditions depend on the bank. So please inform yourself well at the bank or the insurance office.
You may repay all or part of your loan before the loan comes to an end. Banks can then ask you for an additional fee, namely a reinvestment fee. This reimbursement is legally limited and varies when the loan is fully or partially repaid. For example, you pay no more than 1% of the early repaid capital if the contract runs for more than a year, and no more than 0.5% if the contract runs for less than a year. However, the bank may not charge a reinvestment fee if you repaid the borrowed amount earlier in a period in which the debit interest rate, ie the interest rate that you pay annually for your loan, is variable. These are the rules for payday loans taken out after December 1, 2010. Different rates apply for older contracts.

You do not have to justify yourself

The biggest advantage of a payday loan is that you don’t have to justify what you want to use this loan for. You can choose for what you want to use this money, as long as you are able to repay a fixed part of the capital with interest each month for the entire duration of the loan.

A structured reimbursement

A loan granted by a bank or financial institution is a reliable source of financing. You know in advance exactly how much money you will receive. You also know perfectly how much you will have to pay monthly and what the total repayment is. Finally, the APR is also known at the start of the loan and does not vary over time. By comparing loans through our payday loan simulation, cheap borrowing is within reach.

The biggest disadvantage of a payday loan is the higher interest rate. Since you do not have to account for what you will use the money for, this increases the risk of the banks. As a result, the interest rate of a payday loan will generally be higher than that of a loan for or for a specific purpose. In addition, you must always be aware that borrowing money costs money. The amount you borrow is increased by the percentage that you have to pay in interest. So make sure that you can bear this responsibility financially.

On OneTopNotch you can calculate the interest and the monthly repayment and compare the total costs of loans from more than forty banks in Belgium. Our online payday loan simulation is 100% free, easy to use and informs you in a clear and transparent manner about the conditions and advantages and disadvantages of each bank.