Banks That Offer Loan Closing Loans

Depending on the needs, people who want to collect loans taken from different banks at different times under a single roof and make more regular payments apply for a loan. In this context, in order to benefit from the attractive conditions offered by banks, or for those who have difficulties in loan repayments, in order to structure their debts, the transfer of debts is realized as a result of the approval of the loan as a result of the evaluation of the request of the person requesting credit from another bank.

Banks that offer debt closing loans for loan users who want to collect their loan debt scattered in different banks in one bank offer options with various campaigns, attractive interest rates and terms. By examining the campaigns and options of these banks, loan closure loans can be obtained under the most favorable conditions.

About Debt Closure Loan

About Debt Closure Loan

Debt settlement loan includes the payment of all the remaining balance to the banks where the debt was previously, and the interest rates applied by the newly applied bank, and other options, by collecting all debts in a bank.

All banks that offer debt closing loans have their own various interest rates and options. For this reason, it will be advantageous to conduct the necessary examinations and researches before taking a loan, and to use loans with the most suitable options.

The loan is extended by signing a new loan agreement between the bank and the bank client for the loan loan and creating a payment plan.

The loan amount used to cover credit or credit card debts in another bank is closed by the related bank by sending EFT to other banks that the customer has previously owed. In this case, the bank customer, who is the subject of the loan, is obliged to pay his debt in installments to the bank that performs the transfer and regularly under the new contract.

What are the Requirements of Banks that Give Loan Closing Loans?

What are the Requirements of Banks that Give Loan Closing Loans?

People who want to close their debts belonging to other banks and collect them under one roof can use a new loan to cover their auto loan loans, consumer loans, and credit card debts. Housing loans are not considered in this context.

In order to use the debt closing loan, the payment habits, income status and profile of the person are evaluated. As a result of the evaluation, credit is extended to the people deemed appropriate by the bank.

The lending bank is expected to present the documents requested by the customer in full.

Credit cannot be used to cover a certain part of the debt from other banks. The entire debt must be closed.

No fee is requested from the customer for money transfers to be made to cover the debts.

The transfer process takes place between banks. In the loans received for the payment of credit card debts, the bank directly pays to the credit card.

What are the Documents Required for the Debt Closure Loan?

What are the Documents Required for the Debt Closure Loan?

Documents required in a general loan application will also be required to obtain a loan to pay off. These;

  • Income certificate,
  • Identification,
  • Certificate of residence,

Electricity, water, telephone or natural gas invoices for the last 3 months and other documents required by the bank.

Interest rate – credit comparison.

For the temporary provision of capital, the creditor pays the debtor a sum of money – the interest. The amount of this sum is based on the agreement between the two contracting parties and depends on the amount of the loan. The interest rate determines the percentage of the loan amount and thus determines the amount of interest that is payable in return for the principal.

How do interest rates differ?

How do interest rates differ?

As a rule, the interest rate refers to one year. However, there are also interest rate variants that calculate a monthly interest amount or the rate for a quarter. In Germany, an interest calculation method is used that calculates 30 days every month and accordingly a year with 360 days. In general, a distinction is made between the following types of interest rates:

  1. The nominal interest rate is the pure interest rate that enables the interest amount to be calculated.
  2. The real interest rate, on the other hand, is the interest rate adjusted for the effects of inflation.
  3. The effective interest rate also includes all relevant variables that can influence the amount of the interest. These include the payment rate or additional costs.

What is the compound interest?

What is the compound interest?

In the case of an interest-bearing investment, the point in time when the interest is paid out is decisive, since the total amount of interest changes and the amount of the following interest amounts also increases accordingly. This effect, known as compound interest, results in an advantage for the creditor the more often the interest is paid out.

Fixed and variable interest rate

Fixed and variable interest rate

It is also important to distinguish between a fixed interest rate and a variable interest rate.

A fixed interest rate is set in the contract at the start of a money transaction and does not change in value until the end of the contract. In the case of a contract with a variable interest rate, on the other hand, this is changed within the term of the contract, whereby this change is based on the real developments on the capital market and depends on the key interest rate.

Can I get a loan even if my credit rating is low?

In our country, people who want to buy anything first apply to banks because their savings are very low and their savings awareness is insufficient. Those who receive the income certificate apply to the nearest bank with an identity document for easy credit. After the loan application, bank staff will review your request and give you a positive or negative answer. In some cases, banks respond negatively to you in your loan application. 

If you are involved in any of the reasons listed above, banks will consider your loan request as negative. Apart from this, the bank also has its own evaluation systems and if you do not get a valid rating from this system, your request will be evaluated negatively. But your credit rating is actually at the core of all of the above items. Your credit rating is where banks first look and frequently use to evaluate you.

What is Credit Rating, How is it Calculated?

What is Credit Rating, How is it Calculated?

Credit rating is a financial evaluation system, which is also called KKB. In this system, the first to take the credit record is kept of any financial institution in Turkey, you receive your monthly credit payment performance and total loan amount is located. In addition, you have open follow-up accounts in banks and you have debts transferred to asset management companies. Thus, all information contained in this system is evaluated by company and you are given a grade. This note is called a credit note.

The credit rating is between 0 and 1900. 0 represents the lowest credit score, and 1900 represents the best credit score. For this reason, while the credit rating goes to 0, it prevents you to get a loan, while it goes up to 1900 and your credit request will result in a positive result.

How to Upgrade Your Credit Rating?

How to Upgrade Your Credit Rating?

In order to increase your credit rating, you must first make your credit payments regularly. It is very important in making monthly payments not only for installment loans but also for advance account and credit card. In addition, excessive borrowing lowers your credit score. For this reason, not going to borrow in long terms and in high amounts may increase your credit rating. Since applying to many banks while you want to take a loan will also decrease your credit rating, it is positive to investigate well before applying for a loan and not to apply to many banks to increase your credit rating.

My Credit Rating Is Low How Can I Get Credit?

My Credit Rating Is Low How Can I Get Credit?

If your credit rating is low, it is very difficult to get easy loans in front of banks. With the credit rating, which is very important for the banks, credit cannot be given to the people with bad records. But at this point, there is such a website; It provides instant and easy credit to those who are corrupt, blacklisted and executed. The expert team on this site can help you get credit in a short time by telling you the ways to use the loan in the most convenient way.

Instant Credit Opportunity for the Registry is Corrupted

Instant Credit Opportunity for the Registry is Corrupted

Everyone who applies through the site has the opportunity to get credit by meeting face-to-face with our expert team. If you have a bad record, low credit rating and enforcement proceedings, you can get an easy loan by filling out the application form on the site. Our expert team will provide you with the most useful and fastest service if you fill all the gaps in the application form in the most accurate and proper way for loan application.

With the consultancy company that has been serving you since 2014, over 1200 people have left our credit services without income certificates. Our expert team, which is just a click away, guides you in your loan requests, and shares your ways of obtaining loans even if your registry is corrupt.

Today, the difficulties experienced by people who cannot get loans from banks after borrowing money from those who are called usurers, are trying to prevent you from living too. Our team of experts ensures that you get credit in the shortest and most reliable way with the service it provides.

In addition, we do not demand any file fee, prepay, road fee and payment by deed as some companies want. You can visit our website 24 hours a day, 7 days a week to get easy loans, and you can make your loan application instantly. Your application will be evaluated by our expert team as soon as possible and you will get back to you.