A cash credit in your country?! | Bitcointalksearch.org

rhodelmabanal

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Quote from: Sex Video Chat VKcams.com on June 21, 2017, 12:24:48 PM

The time of "cheap money" is ended.

https://www.nytimes.com/interactive/2017/03/15/business/federal-reserve-interest-rates.html

I think it doesn't affect our economy crisis because only 30% of people here knows about bitcoin. It's gonna take more than a years to have a credit cash in our country

mclone

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Quote from: Sex Video Chat VKcams.com on June 21, 2017, 12:24:48 PM

The time of "cheap money" is ended.

https://www.nytimes.com/interactive/2017/03/15/business/federal-reserve-interest-rates.html

Banks will collapse and feneral reserve be symbolic.
I think currently the time will be remembered cheap crypto currency age, those who could hold will be tomorrows best business man and riches.

PancherBitCoin

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Quote from: KennyR on July 02, 2017, 04:27:57 AM

Quote from: Xavofat on July 02, 2017, 04:19:49 AM

Those interest rates aren't too bad. I mean you are taking out money for >3 years.

The top one's payments are 7.2% per year.

Those Interest rates are not that big. This varies depending on the banks and the extended time period it's been scheduled to make the repaying. Just with the interest earned the banks operate successfully. The same process is used with the lending services with bitcoin.

The fact is that in my country today it is risky enough to have 90 Bitcoin and offer work in the field with a crypto currency with some companies or individual businessmen. While official recognition No, I do not think I will have legal support. I think this is the main aspect, which will help in the future be more confident that you will not only earn but also save your income.

KennyR

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Quote from: Xavofat on July 02, 2017, 04:19:49 AM

Those interest rates aren't too bad. I mean you are taking out money for >3 years.

The top one's payments are 7.2% per year.

Those Interest rates are not that big. This varies depending on the banks and the extended time period it's been scheduled to make the repaying. Just with the interest earned the banks operate successfully. The same process is used with the lending services with bitcoin.

Xavofat

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Did you see that ludicrous display last night?

Those interest rates aren't too bad. I mean you are taking out money for >3 years.

The top one's payments are 7.2% per year.

CyberKuro

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Quote from: iv4n on June 16, 2017, 08:39:20 PM

If I wish to take a credit in Euros:

Findomestic bank: To take - 4.000,00 EUR To pay back in - 60 months Every month to pay - 90,93 EUR In the end you return - 5.455,80 EUR

Credic Agricole Bank : To take 4.000,00 EUR To pay back in - 36 months Every month to pay - 132.76 EUR In the end you return - 4.779,36 EUR

In my own currency rates are same, and I think this is a robbery, their interest is pretty high, and can you imagine from this year rates are a bit lower because of some new laws. I wonder how much banks take in your country for cash credits, is it better or worse in your country?

Good calculations, more or less it is same in my country and mostly banks in every country has high interest rate to robber your money but they stated it as a fair way. If people do know about this, but why they are still taking out a loan to the bank? Well, not everyone has capital or savings to cover their expenses, start a business or pay medical bills. That's why a decentralized digital currency such as bitcoin is a better way to store our wealth for future purposes.

TheCoinGrabber

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I haven't tried getting any loan yet but I keep receiving SMS messages from my bank offering for various offers, including converting my credit limit to cash. I don't need that much cash though so I'd probably just use the card.

Quote from: iamTom123 on June 21, 2017, 12:28:33 PM

Here in my country, there are now many financing options depending on your capacity to pay. Banks are offering better rates and terms but most of them would be requiring some form of a collateral to back your loan. Salary loan can also be accepted but a little bit higher rates. Non-bank lenders are offering higher rates than normal because they are burdened with a likewise higher risks as many are offering character loans and micro-finance.

This is the reason why the government is encouraging the growth of cooperatives where members can be granted loans at better terms and which income from the operation are also shared by and for the members.

In my viewpoint, if there is really no legitimate need for a loan or cash assistance, the best thing to do is never availed of them and maybe try to save money for future use is always the best option.

True. I hear many people say it's better to use credit though so you at least still have your savings in case you need it.

iamTom123

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Here in my country, there are now many financing options depending on your capacity to pay. Banks are offering better rates and terms but most of them would be requiring some form of a collateral to back your loan. Salary loan can also be accepted but a little bit higher rates. Non-bank lenders are offering higher rates than normal because they are burdened with a likewise higher risks as many are offering character loans and micro-finance.

This is the reason why the government is encouraging the growth of cooperatives where members can be granted loans at better terms and which income from the operation are also shared by and for the members.

In my viewpoint, if there is really no legitimate need for a loan or cash assistance, the best thing to do is never availed of them and maybe try to save money for future use is always the best option.

Sex Video Chat VKcams.com

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The time of "cheap money" is ended.

https://www.nytimes.com/interactive/2017/03/15/business/federal-reserve-interest-rates.html

bouren

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Quote from: iv4n on June 16, 2017, 08:39:20 PM

If I wish to take a credit in Euros:

Findomestic bank: To take - 4.000,00 EUR To pay back in - 60 months Every month to pay - 90,93 EUR In the end you return - 5.455,80 EUR

Credic Agricole Bank : To take 4.000,00 EUR To pay back in - 36 months Every month to pay - 132.76 EUR In the end you return - 4.779,36 EUR

In my own currency rates are same, and I think this is a robbery, their interest is pretty high, and can you imagine from this year rates are a bit lower because of some new laws. I wonder how much banks take in your country for cash credits, is it better or worse in your country?

I don't think your bank is charging any huge. From first example you are paying 136% in five years of your amount which means around 7.2% annually increment with simple interest which when compared to depreciation of money annually isn't much significant.
Even my country has similar loan structure and didn't worry me much because it is pretty justified.

bamboylee

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I think in my country cash loans have 10% interest compounded annually and real estate loans have 6.25% interest compounded annually. I think your loan have lower interest rate because it is just about 6.4% interest compounded annually. You cannot complain about that because the bank have to make money and they are taking a risk giving a loan to you.

Gaaara

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Quote from: iv4n on June 16, 2017, 08:39:20 PM

If I wish to take a credit in Euros:

Findomestic bank: To take - 4.000,00 EUR To pay back in - 60 months Every month to pay - 90,93 EUR In the end you return - 5.455,80 EUR

Credic Agricole Bank : To take 4.000,00 EUR To pay back in - 36 months Every month to pay - 132.76 EUR In the end you return - 4.779,36 EUR

In my own currency rates are same, and I think this is a robbery, their interest is pretty high, and can you imagine from this year rates are a bit lower because of some new laws. I wonder how much banks take in your country for cash credits, is it better or worse in your country?

It is literally the same, I don't know if you can call it a robbery as they do not steal anything from people, well it is somehow unbalance because of the differentials of the money you borrow from the money you gave back, but if youre going to think about it clearly it was a fair deal, the interest depends on how much time you will spend to pay the total amount you borrowed. It cannot logically expalained but thats how human thinks.

JGoRed

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Quote from: iv4n on June 16, 2017, 08:39:20 PM

If I wish to take a credit in Euros:

Findomestic bank: To take - 4.000,00 EUR To pay back in - 60 months Every month to pay - 90,93 EUR In the end you return - 5.455,80 EUR

Credic Agricole Bank : To take 4.000,00 EUR To pay back in - 36 months Every month to pay - 132.76 EUR In the end you return - 4.779,36 EUR

In my own currency rates are same, and I think this is a robbery, their interest is pretty high, and can you imagine from this year rates are a bit lower because of some new laws. I wonder how much banks take in your country for cash credits, is it better or worse in your country?

If you think it robbery than don't get a loan then. Remember, they just gave you 4K and you were to pay them back over the course of 36-60 months; they need to make money off their risk and the fact they went without the money for several years.

Lieldoryn

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In Germany the percentage on Bank loans is much lower, but still very important on what conditions you take a loan. If your income is not reliable and the Bank is not sure that you pay off the loan you may refuse to loan or to lend money short term at high interest rates.

azguard

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Sure it is cuz bank lives from this, basically try to see besides these two banks other one but it should be less interest if you take in longer period. In my country interest is between 9-23% that depend from what type of credit you are taking. Off course cash credit always have biggest one, usually smalles one is if you want to buy real estate.

Advice really think about this if you want to do this and want to buy rigs this is good solution you can pay them in 12 month full amount, if you take that 4000 from CAB then you can return fund in 12 month and you wont pay 4.779,36, you will pay interest for that 12 month.

iv4n

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If I wish to take a credit in Euros:

Findomestic bank: To take - 4.000,00 EUR To pay back in - 60 months Every month to pay - 90,93 EUR In the end you return - 5.455,80 EUR

Credic Agricole Bank : To take 4.000,00 EUR To pay back in - 36 months Every month to pay - 132.76 EUR In the end you return - 4.779,36 EUR

In my own currency rates are same, and I think this is a robbery, their interest is pretty high, and can you imagine from this year rates are a bit lower because of some new laws. I wonder how much banks take in your country for cash credits, is it better or worse in your country?

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