You probably wonder if it is possible to borrow more and give less. Well yes! At Agree Bank, an ordinary loan is definitely not enough! The bank launched the “You give back less than borrow” promotion, under which it adds a bonus in the form of canceling the last installment of the commitment. Are we dealing with a loan for a medal?

“You give less than you borrow” 

"You give less than you borrow" 

Yes exactly. There is no error in the title. Agree Bank surprises its clients with a range of promotional products. We have recently written about “Autumn benefits with an Account for You” – where you can get up to $ 300 bonus for opening or transferring an account. The offer itself is still valid and lasts until November 30, 2019. Today, however, not about it.

From the beginning of October, the bank focused its attention on advertising a new loan offer. By the end of November, every person who has not had the opportunity to use the Agree Bank services until now will receive a free loan of up to $ 3,000 for 12 months – without any commission and with 0% interest rate. How is this possible? Ordinarily, you pay back the loan in 12 equal installments, $ 250 a month, and beware – the lender guarantees that he will pay the last installment for the client. Of course, when this one is not late with any payment for the previous 11 installments. The promotion runs until November 30, 2019.

Who can give away less than borrow? Promotion conditions

Who can give away less than borrow? Promotion conditions

We listen to our customers and know what is important to them. And everyone likes it when a few pennies fall into the wallet. That is why in this offer we take part of the loan repayment on ourselves and we give our clients savings of up to $ 250. And without any hidden hooks – that’s how Agree Bank convinces its clients.

All adults who have a bank account with Agree Bank and do not have any credit product at the bank , e.g. a credit card, loan or loan 1, can participate in the “You give away more than borrow” promotion.

The ‘You give back less than you borrow’ promotion is available to Agree Bank customers. You pay 11 installments on time, and the 12th bank pays for you. Source: credit-agricole.pl

You don’t have an account at Agree Bank ? Nothing lost! Put them on in your free time by going to a bank outlet or conveniently online. The account is kept for free, provided that it receives an inflow of a minimum of $ 1,000 and at least one transaction by card or BLIK. If you meet this condition, you are also exempt from the fee for using all ATMs in Poland.

A loan is not enough! What can you do to give back less than you borrow at Agree Bank?

A loan is not enough! What can you do to give back less than you borrow at Agree Bank?

We are already moving on to the action. What steps should you take to save yourself the repayment of your last installment? Let’s see how it looks in practice.

  1. 1. By November 30, 2019, apply for a loan under the ‘You give less than you borrow’ promotion for $ 3,000 with repayment within 12 months. We send the link to the subpage below.
  2. Accept the processing of personal data that is necessary to proceed to the next stage.
  3. 3. Sign a Loan Agreement with the bank by December 6, 2019 at the latest. By the way, read the terms and conditions of the promotion and accept its terms.
  4. 4. Repay the loan installments in the amount of $ 250 obligatorily and on time .
  5. 5. At the last installment of the commitment, check your account and make sure that Agree Bank has paid the last installment for you.
  6. 6. Canceling the repayment of the last installment of the loan is the bonus that the bank has prepared for customers who need a “cash injection” 2 .
  7. The bank issues a credit decision within 10 minutes of submitting the application.

Agree Bank – in total favorable loans

Agree Bank - in total favorable loans

When you borrow money as part of a bank promotion, you won’t pay a penny. You borrow $ 3,000 and you give back $ 2,750. Simple! Just remember that you must pay all 11 installments regularly so that Agree Bank will pay the last installment for you. You also can’t pay back ahead of time.

If an ordinary loan up to $ 3,000 is not enough for you, you can apply for a higher amount. In this case, the bank also prepared an interesting promotion. Source: credit-agricole.pl

To sum up – it is undoubtedly a unique opportunity if you are looking around the market for a quick injection of cash. In addition, you will feel satisfaction that it is the bank that repays the installment for you, and not you. And by the way you build your positive history in BIK. And this is actually a valuable bonus that can help you in the near future when you apply for a loan for a higher amount.

The “Overall beneficial loan” promotion cannot be combined with the “Autumn benefits with an Account for You” campaign. There are no contraindications for using the Referral Program.

Ending Debts Mortgage 

Ending Debts Mortgage 

Ending Debts Mortgage refinancing is an excellent strategy to clean up your finances by freeing you from certain debts more quickly and efficiently. Indeed, by consolidating in a mortgage all your debts at high interest rates, you will probably pay a rate well below that offered by some credit institutions. The repayment of your debts will be much simpler. For example, you can pay up to 20% in interest on a credit card balance, while with a mortgage you will get a rate that goes around 2.44%. The difference is more than interesting and you will end your debts faster. However, keep in mind that you should not wait too long before consolidating your debts through mortgage refinancing. If your situation deteriorates too much, it is quite possible that the financial institution refuses to refinance your mortgage. It is therefore important to act at the right time, whether you are at the end of your mortgage term or not.

Investing in real estate

Investing in real estate

Having a second home or renovating your property can be very rewarding in the long term. However, these projects may require the investment of large sums that are not always available. Mortgage refinancing is the ideal tool to get around this problem and allow you to invest in your future.

Get a better rate on your mortgage

Get a better rate on your mortgage

If interest rates have dropped since your last renewal, know that you can refinance your mortgage to benefit. Imagine a reduction of 1, 2 or 3% on your mortgage! With mortgage refinancing, you decrease both the monthly payments and the total bill of your mortgage. So you save money in the short and long term! Before using this strategy, it is advisable to talk to a professional who knows mortgage refinancing.

PrePaid and standard credit card

PrePaid and standard credit card

You want to take advantage of a credit card and still be safe in your finances? The PrePaid card is available from the age of fourteen. You can redeem a conventional credit card from the age of eighteen. Note that the PrePaid card can only be used at points of sale with a digital payment terminal, not devices.

With the PrePaid Mastercard, you can withdraw money from around 1 million machines around the world (CHF 6 per payment). Pay for your purchase with your PrePaid Mastercard and benefit from the best price guarantee in Swiss retail and online retailing. With the payment functions PayPass (Mastercard) and chargeWave (Visa Card), you can withdraw hands-free at more and more specially marked payment terminals.

The prepaid card is charged by bank transfer (eg via your e-banking). Always at a glance – one visa is the free digital printing service for your credit card. The program includes a web portal and a smartphone app. In the event of a theft or loss of your credit card, you will receive a replacement card within a few days (in Switzerland within two days, abroad within three to six days).

Today it is hard to imagine that the card for cash withdrawals at ATMs or credit card area disappears from life.

Basic credit card

Basic credit card

Whether you order your basic credit card as a MasterCard or as a Visa, you will enjoy many advantages. With the basic credit card you will receive a debit card: You can buy online at the point of sale worldwide with the online credit check1 and pay for it reliably. You simply charge your basic credit card with credit and have your costs under control. In no time you have everything under control. Via the net, a sales list or our service hotline, you can call up your sales at any time and conveniently recharge your basic credit card – for example, by bank transfer or standing order. On the one hand you can track your sales, on the other hand you can check your sales on your basic credit card.

You can choose the motif for your basic credit card yourself. Choose your preferred Motif for your basic credit card. Order your individual bank card now at bank. Shop with your bank card, withdraw cash and benefit from a wide range of services: A basic credit card from bank offers many advantages.

You can recharge your basic credit card by bank transfer or permanent payment – up to a value of 2000 USD. Online purchases: The Mastercard SecureCode and Validated by Vista payment methods ensure secure online payments with the state-of-the-art card app. Non-contact: With the contactless function, you pay even more conveniently and conveniently at the end device.

Block service: If your basic card is stolen or stolen, our card blocking hotline is of course at your side. If you wish, you can also order a replacement card with the lock. The basic credit card is a debit card that has no imprint. When paying with the basic credit card, the merchant terminal on the Internet checks whether your account is covered.

 

 

 

The loan period is very often omitted as a parameter that should be considered when choosing a mortgage. All borrowers are interested in margin, commission, fees for early repayment or additional products. Yes, all this is important, but from the borrower’s point of view the most important parameter is the loan period.

Loan period and loan repayment rate

Loan period and loan repayment rate

In the table below I wanted to present the relationship between the amount of capital in installments depending on the loan period.

The loan repayment period affects not only the amount of interest, but also the capital content in the initial installment. The relationship is very simple: the shorter the loan period, the higher the capital content. Higher capital from the very beginning of the loan means faster repayment of capital and finally lower interest.

Early repayment as an alternative

Early repayment as an alternative

Recurring loan overpayments can be a good solution for people who attach great importance to creditworthiness or for those who are afraid to take out a loan for a shorter loan period due to a significant burden on their household budget. Loan overpayment means overpayment of capital and generally brings similar benefits as a shorter loan period. The condition is regularity from the very beginning of loan repayment.

An overpayment is profitable, even if it involves a commission for early repayment. Everything should be carefully calculated in relation to individual parameters, but for most borrowers the benefits of overpayment will be greater than commission losses. Overpaying the loan requires internal discipline. Being a mortgage holder myself, I know that it is relatively difficult due to the fact that there will always be some unexpected expenses in life. 

Summary

The loan period is one of the most important, but also one of the least appreciated, mortgage threads. Mathematically, it is the main generator of the cost of credit. Theoretically, a short period of 5 years “in or out” means that your costs change by tens of thousands. From my perspective, the loan period should be chosen so as to combine the installment at an acceptable level with a reasonable level of interest costs.

Isn’t that easy? Even if in the initial stage of the loan you took out a loan for 25/30 / God forbid 35 years, try to change it over time. Shortening the period, overpayment of at least some will speed up the mortgage repayment rate. It will be cheaper and easier at heart.