Loan for entrepreneurial women.

The Women’s Fund is a project prepared by the Ministry of Economy presented at the end of 2014. It is addressed to enterprising women who run their own business or are just starting it up. The call for applications will be launched in the first quarter of 2015, and the loan will be granted by the Polish Agency for Enterprise Development.

Women’s loan – conditions for receipt

Women

The Fund may be used by women who:

  • they run a business,

  • they set up a business,

  • they live on Polish territory

  • run / set up an enterprise in its area

However, despite meeting the above-mentioned conditions, in certain cases women cannot benefit from funding under the project, this happens when:

  • as part of the business, the woman sells products or services,

  • generates profits,

  • runs an enterprise in a civil law partnership.

In addition, the project organizer stipulates that the loan fund for women will be of a pilot nature, i.e. loans will be granted only for projects located in selected poviats. The list of these poviats will be included in the contest documentation.

Loan for enterprising women – amount, interest rate, repayment time

Loan for enterprising women - amount, interest rate, repayment time

 

The loan from the Polish Agency for Enterprise Development project is scheduled for 5 years. However, the funds must be used within one year (12 months) of receipt of the money. The loan may not exceed 95% of eligible expenditure and may not be less than USD 20,000 and may not exceed USD 40,000. The loan interest rate for women is fixed at 2% per annum. An enterprising woman will only be able to get a loan once during the project period.

The amount of the loan will be the difference between the discounted market value of interest that would be accrued for the loan granted and the discounted value of interest resulting from the interest rate applied by PARP and will be calculated in accordance with the state aid regulations.

A woman running or setting up her own business activity has the right to suspend the repayment of principal and interest. The grace period for the loan for women may not exceed one year from the date of termination of the loan undertaking. Interest is not capitalized during the grace period.

Loan for enterprising women – payout rules

Loan for enterprising women - payout rules

The women’s loan will be paid after the collateral has been established and lodged:

1) due performance by the borrower of obligations under the loan agreement in the form of a blank promissory note with a promissory note guarantee along with a promissory note declaration and

2) proper spending of the loan funds by submitting the borrower’s declaration in the form of a notarial deed of voluntary submission to enforcement.

In special cases, PARP may request security in the form of a bank guarantee, surety or mortgage along with the assignment of rights from the insurance policy of the property it is subject to.

Loan for enterprising women – the goal

Co-financing will concern expenses related to conducting business activities and expenses that will be incurred during its implementation of the Regulation of the Minister of Economy of November 18, 2014, indicates in particular expenses related to:

  1. covering the purchase price or production cost of fixed assets, excluding real estate,

  2. purchase of services, excluding consultancy services,

  3. purchase of intangible assets,

  4. adaptation of office, production, service or commercial facilities,

  5. purchase of materials and equipment,

  6. establishment or maintenance of a security on due performance of obligations under the loan agreement.

The loan may not be used to cover expenses related to the running costs of the entrepreneur and public liabilities.

PARP, when examining loan applications for women, will pay particular attention to the expected impact of the planned activities on the company’s development and the amount of the costs of the activities in relation to the expected results. Information about the start and results of the competition will be announced on the Internet, on the PARP website.

Creditworthiness check Switzerland: you need to know

In almost all cases in which you want to borrow money from a lender, the bank will check your creditworthiness beforehand. Your credit rating expresses your solvency – for example, you can see if and how quickly you can repay your loan. Even if you apply for a credit card or want to lease a new car, your credit rating plays an important role.

Before a lender concludes a contract with you, he or she informs you in detail about your previous payment behavior. From the credit check, he concludes how big the risk is that you will repay a loan granted by him or not on time.

Credit check: what information is used in creditworthiness?

Credit check: what information is used in creditworthiness?

Thus, the credit check is a security for the provider who could lend you money.
If the risk is small according to the check that the borrower does not pay his debts or does not settle them on time, the lender can consider a loan.

During a credit check, credit institutions check personal data such as your name, age, gender and address – however, the focus is on your previous payment behavior. All information about this is stored in Switzerland by the Central Office for Credit Information.

Good Credit saves a person’s existing payment obligations as well as credit transactions that have already ended – rejected credit applications and credit card balances are also displayed. Depending on the type of entry, these are sometimes saved over several years. You can find out more about Good Credit’s retention periods here.

How do I find out what my credit rating is?

bank

Of course, not only potential lenders can find out about you and your payment behavior with a credit check – you can also request your excerpt from the register. This is how you can get an overview of your current creditworthiness – easily online on the Good Credit website.
In the next section, you will learn how to correctly interpret the results of the credit check.

How does the credit check affect a loan?

A lender can use the credit check to minimize his risk – but this can never be completely ruled out. Good Credit codes 04, 05, 22 and 23 counts as very negative for your loan request. A Good Credit block also prevents a loan from being granted.

However, not every entry at Good Credit inevitably leads to a negative credit decision. If the codes 02 or 03 are stored – These stand for a rejected loan application in the past or for slow payments, then there are credit institutions that still grant loans in this case.
However, if there are multiple entries, this can reduce your chances of making a positive credit decision.

If you are granted a loan in spite of isolated negative information in the Good Credit, worse conditions are to be expected. The interest rate, in particular, is determined according to the creditworthiness and the entries.

Interest deduction for loans

If you have loans and other credits, you can deduct 30% of your interest expenses in the declaration, which means you have to pay less in tax. However, all credit rates are not deductible, so Best Bank should show you which ones are and which ones are not.

 

Deductible interest rates

interest rates

  • All types of private loans have deductible interest rates, so this also applies to fast loans / sms loans.
  • Credits, such as interest on credit cards, debit cards and credit cards, are also deductible.
  • Loans with collateral, such as mortgages and vehicle loans that require collateral, can also be deducted.

Interest and credit costs that must not be deducted

  • Interest on student loans.
  • Administrative fees for loans and credits, such as newspaper fees, setup fees and application fees. These items are by definition no interest because they are about fees.

 

This is how interest deductions for loans work

This is how interest deductions for loans work

Best Bank should give you an example that illustrates how important the interest deductions for your loans can be when it comes to your taxes and ultimately also to your finances. Although in the example we write about mortgages, the principle is the same for all types of loans.

  1. Suppose you have a mortgage loan of about $ 3 million and pay an average of $ 5800 / month in interest costs.
  2. $ 5800 a month will be $ 69,600 in interest expense in one year.
  3. 30% of 69,600 will be $ 20,800 and that is how much you can deduct in the tax return, which means that you have earned $ 20,800 tax-free during the year due to the deduction. For example, if you have an annual salary of $ 370,800, you only estimate $ 350,000 instead. Of course you end up taxing even less because of the job tax deduction and other possible deductions, but it has nothing to do with your loan interest rate.

 

You must have a taxable income or profit

You must have a taxable income or profit

If you have no taxable income or profit, you cannot use the interest deduction as there is then no tax to deduct 30% of the interest. Now, most people usually have some type of taxable income, such as income from service, A-cash, parental benefit or sickness benefit, so this should not be a problem. Otherwise, there are several other items you can deduct from the interest rate:

  • Profit in individual company. You can also offset 30% of your interest costs against income tax and this applies even if you have an individual company because it is not a legal person. You can thus deduct your private interest costs from your business profits if you are an individual trader.
  • If you save money in a savings account, you must tax 30% on the interest money you receive and this is offset against your interest deduction.
  • If you save in funds and pick out profits, you have to pay 30% in profits tax on the profits, this is also offset against the interest deduction.

 

About setting off interest rates

About setting off interest rates

With this simple example, we will explain how to set interest rates off against each other.

  • Suppose that, as in the example above, you can make an interest deduction of $ 20,800.
  • Suppose you have a savings account that has given you a return and has sold shares with a profit, and the total profit and interest rate return was $ 5000.
  • You can pay 30% in profit tax on these $ 5000 and it will be $ 1500 in profit tax.
  • Now the income tax is offset against the interest deduction, which will be $ 19,300 ($ 20,800 – 1,500).
  • In the end, you can deduct $ 19,300 from your annual income, which means that $ 19,300 of your annual income is tax-free money.

Surefire Tricks Passed Submit an Unsecured Money Loan Fast Process

Anyone must have applied for a loan, whether it be a loan to a friend or relative, a cooperative, an office, or even a bank. There are urgent things that can happen at any time that makes us have to lend. Lately, there are fast-paced money-lending loans that have become the public’s most sought after interest.

The reason this type of loan is of interest is that it can be obtained quickly. The process needed to disburse this loan funds is only 1-3 business days. Some providers even have the ability to liquidate a loan within hours. This is what gets people interested.  

But you need to know that in fact, lending money without the guarantee of this speedy process will not always make your application successful. Rarely do people experience declines so they can’t lend. At this rate, you must be frustrated and disappointed.

To prevent such things from happening, it is recommended that before applying for a loan, you read some good tricks to make sure that money lending without guarantee is a quick process and that the funds can flow to your savings account. Let’s see with the guys!

Find out about Tenor Loans and Tenants

Find out about Tenor Loans and Tenants

First of all, be aware of the loan tenure as well as the tenor of the installment given due to different loan providers, then the loan and tenor term provided will definitely be different. You should not apply for a loan beyond the specified limit or less than the minimum specified because if you do so, your application will be rejected.

Let’s say you have at least Good Finance is $ 1 million and the maximum funds available are $ 20 million. If you lend $ 500, your application will be rejected for less than the minimum loan threshold. Similarly, if you apply for a $ 25 million loan, your application will be rejected for exceeding the loan ceiling. Likewise, with tenor times, be sure to know exactly how much tenor period the lender will determine.

ID and NPWP are Required Terms

The second trick is actually very common and you probably already know it, the possession of a Resident Identity Card. Your ID card is very much needed by your lender so they can know and verify your identity and nationality. There are few money lenders without the guarantee of a speedy process that requires Indonesian citizenship. In addition to IDs, there is an NPWP (Taxpayer Identification Number) that is often considered trivial by some.

Currently having an NPWP is just as important as having a national ID because the Financial Services Authority (OJK) has set rules that require that everyone who lends credit must have a personal ID. This NPWP owner is required as a reference point for your provider to know how much you are liable to pay the state tax because if you pay the tax diligently, it does not cover the possibility that you will also pay the installment bill on time. Additionally, through the NPWP your provider can also check your income amount by looking at the PPh21 income tax payment history you have paid each year.

Check the Documents Completion

cash

There are many unsecured loan applications that are rejected because the terms of the requirements provided are incomplete. This is possible because we are in a hurry because we need funds so quickly that we are less careful and just provide the necessary documents without checking back. The document provided is complete, but why is it still rejected?

This may be because the document you provided is unclear because the average money lending document without the speed of the process is provided in the scanned digital format first. It could be that the scan results are unclear or blurry so they can’t be read. Therefore, it is very important to review all the documents you provide. Make sure the document is legible. The same applies if the document provided is in the form of a copy.

Read the Terms of Use Carefully

Each lender must have different requirements on money lending products without the guarantee of a fast process. Let’s say the requirements document must be digitally provided, with administrative and provisional fees to be paid in advance, to how the loan system works. All of these terms will definitely be listed and provided by the lender with no quick process guarantee. It’s just that we’re often lazy to read it and just skip this column.

While carefully reading the terms provided by the moneylender without the guarantee of a speedy process, we will avoid missing out on the conditions that can make the loan rejected. Let’s say that the documents provided must be physical while you are providing the digital form. So be sure to read the conditions carefully.

Select Submission at the Right Time

bank

Applying for a fast money loan without the guarantee of a quick process at the right time will be quickly processed. Is there a good time to lend money without a guarantee of a quick process? Of course, there are. If you apply for a loan on Monday-Thursday, the chances for a quick loan are greater as it usually takes 1-3 business days to process unsecured money lending.

But if you apply on Fridays, chances are that your loan application can be processed on Mondays because even if you apply for a loan online, the process will still be done on weekdays. Lending hours can also determine the loan process faster. It is best to apply for credit during business hours between 8 am and 5 pm. This is done so that when a document is lacking or incomplete, you can immediately get a notification from the money lending staff without a quick process guarantee.

Make sure to Have a Good Credit Tracking Record

Some fast- track money-lending providers don’t do Good Credit Checking and some don’t. Good Credit Checking is done to find out credit track records to see your credit reputation. Good Credit Checking is done by looking at the data available on the Good Credit Debit Information System. If you have a good track record of credit, then applying for credit is acceptable. But if your credit record is poor, then applying for credit can be rejected. What does the credit track record determine?

As the name implies, a credit track record is a credit record you have always had. This could be homeownership credit, credit card, motor vehicle credit and more. If you have overdue payments, then your credit record can be bad. Also, if you always pay the installments on time, you will have a good credit track record.

Apply for a Loan Without Secure Quick Loan Process as Needed

Apply for a Loan Without Secure Quick Loan Process as Needed

Lending money without the security of fast processes offers a lot of conveniences, but that doesn’t mean you can lend it yourself. Make a money loan without the need for a quick process as needed. Let’s say you need a fund of $ 5 million, ask for $ 5m. Don’t lend money beyond your real needs because in your loan fund there is an interest you have to pay. It’s best to do a debt ratio calculation first.

Typically, a secured debt ratio is about 30-35% of your total monthly income. So suppose your monthly income is $ 10 million, then your monthly debt installment cannot exceed USD3 million to USD3.5 million. If it turns out that your debt has reached that number, then pay off first, and then you can lend money without the guarantee of a quick process. That way you won’t be out of debt.