Categories
Loan

Credit cards in a company – Business loan

A new development in the field of business loans is the appearance of credit cards within a company. Not the cards that you use in everyday life, but special business credit cards. With these cards you can easily incur costs for the company. You pay with your business credit card so that your employer can keep an eye on the costs you actually incur. This is useful for the company, because it is no longer necessary to work with claim forms.

Use of credit cards

Use of credit cards

The use of credit cards saves a lot of time and paper. In addition, a spending limit can be set on every credit card that is used within a company. This can prevent the costs for a company from rising too high. This way the costs can easily be kept under control.

Credit cards in a company have two major advantages. The first advantage is that the costs only have to be paid afterwards. As a result, the company builds up a nice interest amount throughout the month, while this would be impossible with normal PIN transactions. The second big advantage is saving time and work. It is no longer necessary to hire an administrative assistant to check all claim forms. What is paid with a credit card is immediately verifiable so that a company can never get into trouble. This with a view to the tax authorities. Every month, a company that works with credit cards receives a clear overview of the costs incurred. Subsequently it is easy to pass this on to the tax authorities.

Many companies are rapidly switching to credit cards. It is a safer method of payment and it is becoming increasingly popular in the business world. Especially because of the ease of use and the aforementioned benefits.

How do you choose a suitable credit card partner?

How do you choose a suitable credit card partner?

There are a huge number of credit card providers worldwide. For your company, it is a good idea to work with a reputable company. Of course you need to do some research for this. The credit card partner must be reliable. Also pay attention to things like theft and loss. Are you entitled to new cards and can the old cards be blocked quickly and easily?

It is also wise to find a credit card partner where you get a discount in the event of a large purchase. If you switch to credit cards within your company you are probably a large buyer. Make sure you don’t pay the top prize.

The main issues that you should pay attention to are reliability, service, payment terms and group discount.

Categories
Mortgage Loan

Please note: always request a simulation for your mortgage loan!

Buying a home is always an exciting story. Searching for a suitable house or apartment can take a lot of time. And then you also have to think about financial matters. That is also an important part, because a home loan takes away a large part of the budget. So you have to do that under the best conditions. You do that with a mortgage loan simulation. You can do this for free and without obligation via the internet. Handy that you do not have to go to the bank in the first place. At a later stage, it is necessary to speak to a bank clerk in person.

Mortgage loan simulation

Mortgage loan simulation

It saves you a lot of time not to have to go to a bank. You can therefore perform a mortgage loan simulation on the website of a bank. This is possible on the basis of a few data. Of course you start with the amount that you provide for the purchase. How much does the house cost? Have you already made an offer or are you just informing? A tip is to first know how much you can borrow for a home and only then make an offer. If you do not do so and the seller accepts the offer and you do not receive a loan, then you have a problem. But let us assume that you are following the correct order. A second fact is whether you provide part of the money to carry out work on the property. A third part is the own capital? How much can you invest in the purchase of the new home? With this you already have enough numbers to make the calculation. What is also important is the duration of the loan? How many years do you want to pay off the property? In most cases this is around 25 years. A bank expects your home to be paid off at the latest when you have reached retirement age. But that is a long time, of course.

Interesting bank for a loan

Interesting bank for a loan

This simulation gives you a first idea of ​​how much the mortgage loan will cost you of course. If it is too much or too little, you can adjust the amount or the duration. You can also save even more so that you can invest more yourself. If you are uncertain about all these questions, you can talk to the bank. In a conversation you hear more than you read through a website. They can then make a calculation of what your options are. That way you are completely sure. But do not sign the proposal immediately. Ask for reflection time and also compare with other banks. The cost percentage can be much more interesting at another bank. Then you pay less costs and the loan is more bearable. So do not proceed too quickly and ensure that you can borrow at the best conditions. Only in this way will this story have a positive ending.