Quick loan with payment on National Day

Here we show you who pay out sms and fast loans directly to your bank account during National Day, June 6, 2019. A lot of lenders have stated how they are open on National Day, while others have not specified any deviating opening hours.

We start by looking at the lenders we know are open on National Day on June 6, 2019 and who pay out money directly to the bank account. We also show at which bank you must have a bank account in order for you to have the money deposited directly into the bank account. If you are interested in a particular lender, just click on the name and you will find out more about it.

 

Lenders for money 

money loan

The following lenders have not specified any special opening hours for National Day, but since none of them are even open on Sundays (which is a public holiday), we can assume that they do not pay out money on National Day. However, you will receive the money on Friday, June 7, if you apply for National Day, whatever your bank account.

You will find more information about all these lenders on our loan repayments page on the same day. There you will find 38 lenders who ensure that you receive the money on the same day, which means that you are guaranteed to get your loan on June 7 if you make your application already on National Day June 6.

Note that you can of course also get your loan on June 7 from the lenders who pay out loans on National Day, even if you do not use any of the banks we have specified.

 

A little about the loans

money loans

All loans you can get on National Day, except LeMoney’s, are high-cost credits, ie credits that are usually called sms loans and fast loans. Ordinary bank loans and large private loans are never deposited directly into the bank account during weekends, not even on ordinary Saturdays and Sundays. What is typical of these loans are the following:

  • The annual interest rate is high, it was usually at 29 – 39% (usually just above 39%).
  • The money is usually deposited into the bank account within a quarter to half an hour.
  • Almost all lenders grant loans without taking any credit information from UC.
  • Only one of the four lenders who make payments on National Day accepts applications that have payment notes, and that is Viaconto. But there are many who do so if you can settle for the loan on Friday instead.
  • The requirements for obtaining a loan are low and the level of funding is high in comparison with ordinary bank loans and larger private loans.

 

A little about National Day

money loan

Since 2005, the National Day has been a holiday, at the expense of another Pentecost, which then became a regular Monday. Some complained about this because the National Day occasionally falls on a Saturday or Sunday, which means that people who work from Monday to Friday do not always get extra leave. On Monday, Pentecost always falls on a Monday.

In any case, National Day has never been celebrated as much as in many other countries, such as Norway and the United States. In Sweden, Midsummer Eve is a much bigger celebration when it comes to celebrations. But when was National Day really introduced? Why exactly June 6? And when did you start saying National Day instead of Swedish Flag Day?

Have a really nice National Day!

Can I take out a secured home loan?

Also known as real estate refinancing, chattel mortgage or home equity, the secured home loan is one of the personal loan options offered by banks for those who need to obtain lower interest rates and longer terms.

Usually sought by those who want to group all debts into one, as well as investing in personal projects, renovation or construction, acquisition of goods, among others.

The guarantee, as the name implies, is the property of the person requesting the resource and the amounts released are higher than that of a conventional personal credit. Usually the minimum value is 60 thousand and can reach up to 60% of the property’s market value.

Very strict criteria are used to release the resource in this modality, because taking the customer’s property is not advantageous for the bank, and it may be proposed to renegotiate the debt or the term to avoid the sale of the asset, in cases where the customer is no longer able to bear the parcels.

Who can apply for the secured home loan?

Who can apply for the secured home loan?

This type of loan is intended for individuals who own their own property, and can be a house, apartment or commercial room (provided it is in a commercial building). Some banks also serve legal entities.

There are cases in which the owner may grant his property as a guarantee for third parties, but this issue must be in accordance with the policy of each financial institution. If the bank you are negotiating with approves the loan in this condition, it will work as follows:

You have income approved by the bank and want to obtain resources to invest in your own business but do not have property in your name. If any family member (preferably a father, mother, siblings or children) has their own property paid off and agrees, you can offer it as collateral for your loan.

In this case the owner who agreed to grant the property as collateral will be called intervening guarantor or surety solidarity.

Real estate loan steps

Real estate loan steps

After consulting the trust bank and simulating the amounts and installments, your loan request with a property guarantee will go through the following steps: Credit Analysis, Legal Analysis, Property Valuation and Contract Signing.

Credit analysis

In this step, the information will be verified to prove income, payment capacity and eventual pending issues, according to the parameters and internal policies followed by the bank.

Property Valuation and Legal Analysis

As from the credit approval, a specialized company will be asked to inspect the property (object of the financing), with the purpose of verifying, with precision, the market value and the structural conditions of the property.

In the legal analysis, the property documents will be analyzed: registration, property tax and property appraisal report, as well as the existence of pending issues on the property.

Contract Signature

The operation is carried out through the signature of all parties involved in the contract. This is forwarded to the registry office where the property is registered in order to register the transfer of the property to the creditor (bank) in the property registration certificate.

This notary procedure takes around ten working days and the resource is released to the client after the bank’s conference.

For the analysis steps, you will need to submit the following documentation to the bank:

Property Documentations

  • Property Registration Certificate: document containing the property registration in the client’s name
  • IPTU (Urban Territory Tax) cover: where the address and areas of the property are listed
  • Negative Certificate of Real Estate Taxes: document provided by the city that guarantees regular payment of taxes.

Customer Documentation

  • RG and CPF
  • Birth or marriage certificate
  • Proof of address
  • Proof of income (pay stubs, bank account statements or complete income tax return)

Conditions for your property to be accepted as a guarantee

Conditions for your property to be accepted as a guarantee

For a property to be accepted as collateral by the bank, it must obey the following main points:

  • Property value (the minimum varies between $ 150 thousand and $ 200 thousand)
  • Property type (residential or commercial)
  • Construction material (masonry structures only accepted)
  • Location (I accept only properties in urban areas)
  • Having no outstanding debts (IPTU, condominium)
  • Have regular documentation
  • More than one property built on the same land will be subject to analysis, as it consists of a multifamily
  • The property composed of residence and commerce is generally not accepted, as it is a mixed property

In summary, the property to be pledged must be free of restrictions in any area: mortgage, pledge, surety, lawsuits on the property of any nature, among others.

In addition, even if its documentation is in order, the property must be in good condition, located in urban regions and completed.

My property was not accepted, now what?

If you need a loan and your property was not accepted as collateral, there are other loan options that can help you. Here on the blog we already talked about payroll loans and personal loans .

And if you work as a maid or have a registered maid asking for a loan, we have the perfect solution!

Visit our website and check out our credit solution for domestic servants from all over the country.

Interest rate and payment term of the secured home loan

Interest rate and payment term of the secured home loan

One of the main advantages of the loan with the property guarantee is the lower interest rates , because the client gives the property as collateral.

The approximate percentages currently practiced by the market in this modality are below 2% pm + IPCA (Consumer Price Indices) while, in other modalities, such as overdraft, the effective interest rate may exceed 10% pm.

The payment term is longer and varies from bank to bank, ranging from 36 to 240 months, so that, due to the high value of the transaction, the borrower can have installments that fit his long-term budget.

And here’s a tip that can be used for any credit application, regardless of the modality: observe the fees charged by each bank and see if it is in accordance with the market.

It is also very important to take into account the Total Effective Cost (CET) because, in addition to interest rates, it includes all other costs that involve the operation: contracting fees, taxes, insurance and others.

Reduced rates on fast loans

We at Savequest Bank have long hoped that the tough competition in the fast loan market will result in lower prices for several of the lenders so that we get cheaper fast loans. That has not really happened, some lenders have even raised their prices. But now it has actually started to happen a bit on the price reduction front and it is only to be hoped that it will lead to more lenders following.

 

Mobile loans lower their prices by 25%

Mobile loans lower their prices by 25%

Mobile loans lowered their prices in June 2016 by as much as 25% and this has meant that their fast loans have become among the cheapest on the market, which we like sharply. For example, when it comes to fast loans of USD 3000 for 30 days, Mobile loan offers the third cheapest loan on the sms loan market and the same goes for USD 5000 for 60 days. Of course, this is excellent, as Mobile loan is a very sensible lender who also pays out money quickly to Surelend Finance accounts.

 

 

LendPremium Credit lowers the interest rate for its larger sms loans

credit loan

At the end of May 2016, LendPremium Credit also reduced the prices of its slightly larger sms loans by about USD 100 – 200 per loan. The loans concerned are those of USD 7000 – 10000. The reduction is not as impressive as the Mobil loan carried out, partly because the percentage reduction is not at all as great as Mobile loan’s loan and partly because it does not affect all loan amounts, but it is still better than none.

 

Lower interest rates at Highest Bank throughout June

Lower interest rates at Highest Bank throughout June

Highest Bank has also temporarily lowered its interest rates in June, but we hope they will continue to do so after June, even if it is doubtful. After all, it’s not the peak season for the lending industry in June, since most people get their tax refund then, so that’s probably why Highest Bank lowered their rates in the month of June. The interest rate at Highest Bank is currently at 12.5% ​​- 25% instead of 22.5 – 25.0%.

Highest Bank has no cooperation with Savequest Bank and other comparison sites anymore, so we do not have them on our site anymore.

 

The beginning of a new trend?

fast loan

That said, prices have started to move down a bit when it comes to fast loans. However, it is not so certain that this is the beginning of a positive trend with cheap sms loans, but we can hope for that. You do not need to be a Doctor of Economics to understand that fierce competition lowers prices for the consumer in the long run and that should of course apply to sms loans as well. And it can also mean that those actors who do not have sufficient profitability have to put down their activities, but those who get to do that are the ones who few like and maybe they don’t.

Sms loans low interest rates

When do people take quick loans?

Some politicians and the media have long argued that the lenders who pay off quick loans directly cause people to fall into debt due to impulse purchases. Furthermore, they mean that quick loans paid on the weekend cause people to borrow for parties and games about money, in addition, people who have made it a bad loan to settle when the money runs out.

You can read about what the custodians of quick loans think about this in our article on criticism against sms loans

money debt

Releasedebt.com understands that this with direct payments and loans on the weekend obviously has a back side as well. It is a good service that you can get your money right after the application is approved, both on weekends and weekdays, but it is obvious that it attracts impulse loans that you finance so you should not use a loan for. However, we think it is up to you whether you take out a loan or not, adults must be able to take responsibility themselves.

Get sms on weekends with us

money loan

In any case, we have seen that the pressure after sms on weekends with us is less than on weekdays. Yes, most people who borrow through us actually do it on weekdays and not on weekends. Of course, this is not a scientific basis for more people taking sms on weekdays. It is more like a case study of our own site, but with us at most 20% take their loans this weekend.

Most of us borrow by salary

money loan

Another thing that is interesting is that many people think that most people take their sms loans just before they get their pay when the wallet is empty. It is very possible that it is so on the whole and logically it should be so, but not with us. No, we have seen that most people who borrow through our site do so during the first two weeks of the month, ie after people have just received their salary, A-cash, sickness benefit, pension, their tuition or what they are living on .

Our conclusion

We do not know why there are fewer people who borrow through us at the weekend and before pay than they do during the other days of the month and we cannot draw any scientific conclusion from this. But it seems that most people who visit us and borrow money do not do so to pay for partying on the weekend, nor because it is empty in the wallet. It may be a matter of needing a little extra to buy something that costs a little more that you otherwise cannot afford, not because you cannot afford to live.

Our conclusion is therefore as follows

money loan

  • There are relatively few visitors to Releasedebt.com who lend to Sus and thus on the weekend.
  • Few people have made it really bad for us to borrow through us.

Of course, this may be a coincidence that has stayed with us throughout 2015, but it is right now anyway. However, many are attracted by taking a really fast loan, ie fast loans that are paid out directly, so we cannot exclude that people take loan loans through our site. By the way, we are very pleased with our visitors’ loan behavior and are of course very pleased that you visit Releasedebt.com, the site that gives you honest info and honest reviews of sms loans, which advise against overly expensive sms and tips on cheaper and who warn about loans that can really make you indebted.