How to take advantage of the best rate for your car loan?

The acquisition of a motor vehicle is one of the great classics of consumption. However, since its purchase requires the mobilization of several thousand dollars, many drivers wish to finance it with a credit to spread its payment over time. Given the many offers on the market, here is what you need to know before making your choice to benefit from the best rate.

The different types of credit available

The different types of credit available

Among the many consumer credit formulas, some are particularly suitable for the acquisition of a motor vehicle. For some time now, financing formulas like Long Term Rental (LDD) or Rental with Option to Purchase (LOA) have been on the rise, but these are not strictly speaking credits. These are rental contracts with the possibility of acquiring the vehicle at its conclusion (for LOA only). In terms of pure credit, that is to say borrowing a sum of money to buy a car and to repay each month, we find the personal loan and the affected credit.

Option 1: personal loan

The personal loan allows you to borrow a certain amount of money without having to specify what it will be used for. Very flexible, it is the very type of consumer credit. In terms of cars, it is generally used when buying a used vehicle from an individual. But the loan being independent of the object purchased, if, for one reason or another, the purchase is not made, you will still have to repay your credit.

Option 2: affected credit

The assigned credit is, as its name suggests, exclusively dedicated to the purchase of a specific product. Therefore, it benefits from special conditions. In the case of an automobile, if the car is not delivered or does not comply, the sale is canceled and you have nothing to reimburse. Conversely, after agreement with the seller, if you cannot find a lender, the sales contract becomes null and void. Finally, you only start reimbursing after receipt of the vehicle.

Where to take out a car loan?

Where to take out a car loan?

In terms of auto credit, many organizations each offer more or less attractive formulas. As it is a consumer credit, your bank will undoubtedly be your first point of contact.

Car dealers have the advantage of allowing you to negotiate at the same time the purchase price of your vehicle and the conditions for obtaining a credit, because all have financial subsidiaries.

We can also cite online banks which are starting to offer car loans, as well as large surfaces which often present very aggressive offers, but which must be analyzed in detail.

Comparator and online simulation tool: essential to find the best car loan

Comparator and online simulation tool: essential to find the best car loan

Free and without obligation, these two online tools are also very easy to use. You just have to fill in a form asking among other things the amount of the car, its type (new or used) as well as the amount of the monthly payments desired, then to validate it to obtain one or more offers. Comparator and simulation tool complement each other perfectly. Why? Quite simply because a comparator will group together only certain offers (generally, those of partner banks). Hence the importance of multiplying simulations in parallel. This is how you will find the best offer at the best price.

Credit card with fuel discount.

In addition to cashless payment, a credit card now often offers the opportunity to save money by refueling when refueling. You can find out how these discount programs work and what you can really save here:

The credit card tank discount system works in a very simple way and is identical for almost all credit card providers – except for the amount of the tank discount:
For every fuel bill that the cardholder pays, he receives a discount. The discount is granted regardless of the petrol station. Depending on the card provider, this discount is between 1% and 5% of the sales amount.

A condition for receiving the discount is that the fuel bill was paid with the credit card. The fuel discount is usually posted back monthly to the customer’s credit card account. The advantage of this discount system is, of course, the savings in fuel costs. However, the following example briefly explains how high the savings actually are.

Sample calculation for the tank discount

Sample calculation for the tank discount

The fuel discounts are almost always limited to the extent that the cardholder does not receive the discount on an unlimited amount of fuel bills, but usually there is a limit of 200 to 300 USD per month.

Anyone who now travels an average of 1,500 kilometers per month and therefore refuels around 90 liters per month, pays around 140 USD for petrol per month, which is around 1,700 USD a year. With a discount of 2%, you would save 34 USD per year. If the limit of a maximum of 200 USD per month is reached, a maximum of 48 USD per year could be saved due to the tank discount.

What should be considered regarding the discounts?

What should be considered regarding the discounts?

In addition to the possible price savings as an advantage, the credit card with a tank discount can also have a disadvantage. Many consumers only see the possibility of saving money while refueling, but do not consider the further conditions of the cards.

If, for example, the annual fee for the credit card is relatively high or if relatively high fees are charged for foreign orders, the savings from the discount can quickly disappear. It should therefore be noted that in addition to the tank discounts, you should always pay attention to the other credit card conditions, especially since the discount is almost always limited anyway.

The bottom line is that a credit card with a fuel discount can be worthwhile if you can make the most of the discount and the other card conditions are not unfavorable. This is the only way to really save money when refueling.

Get Credits to study abroad

It is not surprising the desire of many university students, to try to overcome the negative perspectives that there are in youth employment in our territory, – where unemployment among its members has reached the quota of 56% -, they choose to leave our borders to initiate or expand their university studies and, in this way improve their positions to enter the labor market.

Have you thought about expanding your academic horizons?


Now you can study and exchange projects in universities abroad, whether public or private institutions. Includes travel and stay costs, as well as those derived from the training itself. This format in the ways of financing is constituted as another incentive to improve the academic record and face better prospects of guarantee before the important challenge of finding employment in Spanish companies.

It is not surprising, therefore, the desire of many university students to try to overcome the negative perspectives that exist in youth employment in our territory, where unemployment among its members has reached the quota of 56%, according to the latest data recorded and being To the tail of member countries of the European Union, only ahead of Greece, they opt for this educational model.

To face it, the recipe lies in improving training, which in many cases involves going to schools abroad, especially those of greater academic prestige. However, this educational option for Spanish university students is not always easy to achieve due to the excessive economic cost that must be faced and, in many cases require the formalization of a loan to access these studies.

For this, the banks have developed a series of very well-defined proposals that cover all types of university studies, from a career to their extension to a master or postgraduate course, and that are offered under conditions not at all favorable to their interests, moving the interest rates that apply between 6.50% and 8.00%. However, they are not available to all university students, as entities often demand good academic records from their applicants.

On the other hand, although they do not require personal or family guarantees, they can include commissions that cost the product up to 2%. In any case, their main contribution is the period of lack that they include in their clauses, – and those lacking other less specialized financing models – in which only interest is paid and allow students a greater relief to face their debts during the first years of studies.

They are not uniform designs, and although students’ wishes to go abroad to improve or expand their training prevail, there is also a lack of proposals in which cultural exchange is subject to the criteria for selecting candidates, which are financed also travel expenses such as stay and provided that the requirements of the lender are met.

Banking Sector Responses

Banking Sector Responses

Good Finance provides as a solution to cover these expenses, giving its claimants the total cost of their stay abroad with a maximum of 18,000 dollars and, from which the students and graduates are beneficiaries up to 31 years.

An interest rate linked to the European reference index plus 5.50% is applied, and with the incorporation of an opening fee of 3.00% and a cancellation and amortization fee of 1.00% . On the other hand, it contemplates a maximum repayment period of 4 years and up to 1 year of lack of capital to benefit from this financing.

Good Credit for those who wish to complete their training abroad has a financing for their studies that provides them with an amount less than 45,000 dollars. This banking proposal is made with an interest rate of 7.91%, and also with an opening commission of 1.00% and another for early repayment compensation of 0.50%.

It provides a more flexible return period of up to 10 years

It provides a more flexible return period of up to 10 years

including the period of lack. As an additional contribution for contracting, it contemplates the possibility of paying interest only during studies (lack) with a maximum term of 5 years.

Also, when the cost of tuition for studies is less than 15,000 dollars, other expenses related to the studies, such as material and rental of housing, among others, may be financed.

It serves to study a bachelor’s degree, a master’s degree or a postgraduate course outside our borders, which also includes the travel and expenses of the stay to the country of destination.

The maximum amount that can be demanded is up to 30,000 dollars, with a term to return it that is equivalent to the official duration of the race plus 5 years. With respect to the interest rates applied, the first year is fixed and the subsequent one is referenced to the 12-month Fine Bank.

Money loans: what options do you have

A money loan is a financial service that is provided by banks, financial institutions or individuals. Although apparently all money loans offer the same, there are different types, which have different characteristics, requirements and conditions.

When choosing a loan it is important that

money loan

As with other products, you take the time to research and compare the options available in the market. At Good Lender we want to help you carry your personal finances responsibly, so we share information about the main options you have when you need a loan.


This type is known as loans with collateral, that is to say that the institution you go to will lend you an amount of money in exchange for leaving an item in guarantee, which can be jewelry, appliances or even automobiles and deeds of real estate. Many people turn to pawn shops because the loan is delivered in cash almost immediately. However, when applying for pawnshops, you run the risk of losing your assets if you fail to pay on time.


In this case, those who offer the loans are particular. By not having a legal figure before the Condusef, the clients of the lenders cannot request the support of any public institution if a controversy arises in the loan agreement. Although many people see the fact that lenders do not consult the credit bureau as a great advantage, this is an indicator of the irregularity with which these types of money loans are handled.



Depending on the way they are processed there are two types: traditional and online.

  • Traditional loan: it is a much safer option than the previous ones and is usually backed by well-established financial institutions. The problem is that the procedures must be carried out directly at the branch and, usually, take several weeks.
  • Online loans: thanks to advances in technology, fintech now offers online loans that can be requested without leaving home. In addition to being a very secure loan option, it has the great advantage of providing a response in a couple of hours. Depending on the company, customers can receive their loan in less than a day, or even in just a few minutes.

We know that many of the situations that come unexpectedly require us to act immediately

money loan

However, making decisions without being properly informed can lead us to jeopardize the state of our personal finances. Do not wait to have to attend an emergency. Find out, know and compare the options of money loans. If you are interested in knowing more about the requirements and advantages of online loans, we invite you to visit us.

Mortgage credit: some telling figures

Are you about to make the most substantial financial commitment of your life? Do you want to buy a house or an apartment? Here are some telling numbers about mortgage credit. This is a long-term loan guaranteed by a mortgage. But how is it different from current credit? Small overview:


A pyramidal structure

mortgage credit

The mortgage loan generally covers 80% of the value of your property. Equity constitutes the remaining 20%. Most of the financing organizations divide the real estate debt into two rows. The first covers 66.6% of the value of the property and the second rank 13.4%, which must be amortized over 15 years but at the latest at retirement age. Mortgage credit therefore forms a sort of pyramid with the first rank at the bottom, then the second rank and then the equity at the top (excluding debt).


Granting criteria for a mortgage loan

In order to determine if you can benefit from a mortgage loan, financial institutions take into consideration three determining criteria:

  • You must have 20% equity (10% neither from your pension fund nor from repayable loans).
  • The charges (interest + depreciation + maintenance costs) must not represent more than 33% of your income.
  • To obtain financing up to 80%, the pledge value retained by the bank must correspond to the purchase price of the property.


Loan costs and interest

money loans

To calculate the cost of a mortgage, you have to take into account the amount of debt (80%), the duration of the contract and the interest rate, which can change, depending on the variant you choose.

  • Fixed interest rate: determined by the financial institution and which will remain unchanged throughout the duration of the contract.
  • Variable interest rate: this can change depending on the capital and money market. It can be changed up or down at any time.
  • Libor interest rate: based on the Loan And Save Bank Offered Rate, it is adjusted every 3, 6 or 12 years.


Questions? Call a specialist!

Since a mortgage loan represents a lifetime commitment and therefore, the best thing to do is to call in a specialist! An experienced professional such as Loanflix-Services can compare the best offers and provide you with a free quote without obligation !

Check if the bank has underestimated the commission refund with early loan repayment

This situation has improved. Some banks started paying commissions to clients after making a complaint. However, it should be noted that each bank has its own policy of making such returns because the CJEU’s provision does not specify the mathematical formula for refunding part of the commission.

Banks also interpret returns policy differently. One bank gives funds to all customers, another only for those loans that were repaid after September 11, and another since the material view of Good Finance and the Financial Ombudsman regarding commission refunds.

Banks use the return calculation methods

Banks use the return calculation methods

They have developed to minimize the costs of the CJEU judgment. Banks should use the proportional method. However, some banks use the capital-weighted method. Others have invented and named other methods. Cites the act on the policy of including commissions in revenues.

The customer in all this does not know how much money he should get. And SKOK or the bank is convinced that if something “loose”, the client will unhook.
In most loans, the commission was credited. So if the commission was reimbursable, should the interest accrued on this commission also be refunded?

If we borrow money from the bank, the bank charges us interest. And what happens when the bank is in arrears with money? As the most – the only question is when do you calculate these interest rates? The answer, unfortunately, is ambiguous. Only a few banks pay interest in the complaint procedure. Banks would not pay interest at all, however, the courts most often plant interest:
– from loan repayment
– from the loan repayment date minus 15 days (it results from the banking law that the bank should settle accounts with us within 14 days)
– from the moment of requesting the overdue funds – i.e. e.g. from the day of sending the request for payment

Doubts about whether the bank accounts for your refund correctly?


You must know that banks settle accounts partly with the client, reducing their costs in such a way as not to expose them to high penalties of Good Finance. They prefer to pay something to show Good Finance that they are implementing the CJEU’s decision. And they don’t want to pay it all out. Therefore, use our consultation and we will verify whether you have received everything you deserve from the bank!

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Take out online credit from 4.5% – small loan & instant loan.

Available loan types for borrower

Available loan types for borrower

There is a wide range of loan types with which the borrower can quickly borrow money from a bank. There are various types of credit available, from which you can choose the right model.

  • Personal loan: This is a consumer loan for private individuals, which should not be confused with a loan from private to private. It usually does not exceed the sum of a few thousand and is suitable for private purchases such as a car or furniture.
  • Instant loan: Getting a loan immediately is prohibited under the Swiss Consumer Credit Act. An instant loan would be particularly advantageous if, for example, you have to pay an important debt on a certain date and you still lack the necessary amount at the moment. However, the legislator provides for a two-week waiting period before payment to impose a reflection period on the borrower and to prevent Switzerland-wide debt. After all, our 24-hour response guarantee is very good for you. This will immediately determine whether you will receive the desired amount and a reasonably quick loan is possible.
  • Small loan: When it comes to a small loan amount, one speaks of small loan in Switzerland. The loan amount usually amounts to only a few hundreds or small thousands and serves to bridge a financial bottleneck during the course. It is therefore suitable as a quick loan for the settlement of, for example, an unplanned additional payment or the like.
  • Cash loan: A cash loan covers the entire credit line and primarily relates to the type of payment. It is to be regarded as a name for all forms of loans, including the online loan. However, nowadays you don’t get a cash payment from reputable credit institutions, instead the loan payment is made by transfer to a private account at the borrower’s bank.
  • Online credit: If you wanted to take out a loan until a few years ago, then a visit to a regional bank branch was inevitable. With digitization, the possibilities for borrowing have changed and nowadays it is faster and cheaper to apply for a small loan online.
  • Consumer credit: The consumer credit is a loan that can be used for personal wishes. In other words, to increase your own standard of living, to bridge a dry spell in the financial area or the like.

In itself, it is also divided into different categories for what a loan is intended for:

In itself, it is also divided into different categories for what a loan is intended for:

  • Loans for private customers: This is a loan for people who do not do business. There are fixed principles regarding effective annual interest rates and the price regulation. As with any loan, an age of majority is absolutely necessary. This form of personal loan has a subdivision:
    • Acquisition loan (see consumer loan)
    • Training loan (to finance training)
    • Car loan (as an alternative to leasing when buying a vehicle in Switzerland)
    • Guarantee credit (for the assumption of guarantees or sureties)
    • Building loan or building finance (for the construction, renovation, acquisition of real estate, usually with a long term, since the amount is usually very high)
    • Mortgage loan (special form of cash credit)
    • Pre-financing (provisional as final financing is not yet clear)
    • Continuing education loan (to finance continuing vocational training)
    • Securities loan (loan on securities)
    • Interim financing (for the repayment of residual amounts such as the final fee for real estate loans)
  • SME loan immediately for business customers: Here, different rules apply to the process, the granting and the course of the loan. This is not least due to the fact that no private individuals make use of the loan here, but rather so-called “full traders”, who have a purely business project in mind with the loan. It is therefore not to be regarded as a direct personal loan.

Depending on the type of loan you choose, the process is different. As a rule, all loans are designed in a similar way and you get the small loan relatively quickly if the required creditworthiness is fulfilled as a prerequisite. You only get a cheap loan if you don’t set the loan amount too high and also set the installments over a longer period of time. It is generally advisable to always carry out a credit comparison in order to get the best conditions.

Annual interest rate with a net loan – calculate how much you can borrow

The employee will contact you immediately to make an appointment to sign the contract. Instant online confirmation and fast payment; manageable, fixed rates; early repayment possible; Use for loan repayment. Calculate online now and apply directly. On our website you will find various calculators that will help you with your decision. The nominal interest is calculated according to the so-called “savings bank formula”.

Ensuring favorable interest rates

Ensuring favorable interest rates

With our Savings Bank Sprint loan, you can significantly reduce the repayment term – up to full repayment within the fixed interest period. For customers without prior knowledge, it is not easy to find a suitable mortgage for their living situation. We will gladly assist you in finding the right financing option for your financial situation and lifestyle.

At this point, we provide you with a series of calculators that will guide you through the initial estimation of your financing needs. A personal interview with a detailed examination of your financing options does not replace them.

Developers funding

Developers funding

Determine what additional costs you have and specify how much capital is available to you. You quickly get a sense of whether you can afford the monthly installment at all. Fixed interest rate 1.63%, annual percentage 1,64% plus land registry and building insurance. Repayment 2%, 439 monthly installments of 151.25 each (interest and repayment), fixed interest rate 10 years, term until 30.09.2054. Offers subject to confirmation.

You can spend so much money.

You can spend so much money.

The following calculator shows you at a glance how much money you spend on your holiday home with your warm rent. Note: The calculation has been made on the basis of accepted conditions, which may vary depending on personal situation and condition change. Example: 2.17% annual interest rate with a net loan amount of USD 100,000 and mortgage security with a borrowing rate of 2.15% pa for 10 years, plus application for land parcel registration and building protection.

Planning Calculator – Calculation of the planning interest for overdrafts

Planning Calculator - Calculation of the planning interest for overdrafts

The MRP calculator calculates the accumulated MRP interest and, if applicable, further MRP interest for an overdraft facility. With the disposition calculator current account interest for a current account credit – popularly called overdraft or overdraft or Überziehungskredit – calculated. The basis for calculation is the account overdraft amount, the overdraft period and the discount interest rate.

In the case of a bank overdraft facility, a differentiation is made between the overdraft facility granted by the bank holding the account as the overdraft facility and a tolerated overdraft facility, allowing various interest rates to be set and applied. If the disposition amount is greater than the current account credit granted, the interest will be calculated according to the discount rate for the part up to this line, while the percentage of other overdraft overdrafts will be applied for the additional part of the overdraft facility.

With the planning calculator, you can either enter the interest days directly for the overdraft period of the account or the exact date range. German interest rate method 30/360, USD interest rate method act / 360, English interest rate method act / 365 and the daily interest rate method act / act.