Loan for loft conversion

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The expansion of a loft that has not previously been used for residential purposes can be worthwhile. With skilful planning, grants and low interest can be generated. An expansion can cost between $ 10,000 and over $ 100,000. A look at the possibilities for an optimal loan for the loft conversion pays off.

Grants and cheap interest.

Grants and cheap interest.

Numerous municipalities in Germany support the creation of new living space and in some cases there is even extra funding for the expansion of previously unused attics. Prerequisite is the so-called completion certificate and a separate land register for the newly created living space. The responsible building authorities and municipalities provide information about this.

Regardless of location, the Lite Lender supports the expansion and renovation of attics with an interest-optimized loan for the loft conversion. The focus here is primarily on insulation and the energy savings from the conversion. For owners of the entire property, a combination with other renovation measures for the whole house can pay off, for example, thermal glazing, thermal insulation, heating modernization, etc.

Others pay with

Others pay with

If only the attic of an apartment building is purchased and is to be converted, the other owners can or must also bear part of the costs. After all, the roof (not the attic) continues to belong to the community, and the restoration and insulation also benefit the other owners. The owners’ meeting decides which costs will be allocated in detail.

The sum makes the difference

The sum makes the difference

If the calculated total need of the loan is over $ 20,000, the entry as a classic real estate loan makes sense, since interest of currently 2% can be realized here. In the case of smaller renovation projects, the loan for the loft conversion can also be represented by an installment loan. This saves you the notary and land registry costs.

If there is manual dexterity and you can do a lot of work yourself, this not only saves money, but can also be credited as equity in the form of your own work at the bank. The bank can accept between 5% and 10% of the loan amount.

It is therefore worthwhile to carefully examine the planned conversion measures and to exhaust the various options. Then nothing stands in the way of the undisturbed enjoyment of living under the roof.

Credit for the driver’s license

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Many young people can get their driver’s license in different federal states at the age of 17. For many, this step is the first step towards independence and the first car doesn’t want to wait long either. A driver’s license is expensive and can hardly be paid for with a training salary.

This is so low that hardly the whole driving hours can be paid off with it. Nevertheless, no one has to do without a driver’s license, because this means not only having freedom, but also having important means of transportation for school or work. Banks offer such people a loan for a driver’s license, where a few things need to be considered.

Under what conditions is the loan granted?

Under what conditions is the loan granted?

If the applicant has not reached the age of 18, the loan for the driver’s license must be signed by the parents. If they do not consent, the bank will not grant a loan. However, if you are of legal age, the signature does not have to be given.

The borrower must present his training or employment contract. It is important that the trainee no longer works during the trial period, because he can then be fired at any time. In addition, he must agree that the bank checks the Credit Bureau.

Mobile phone contracts, loans and non-payments are entered here. It goes without saying that it is best not to see any entries so that the credit rating is not deteriorated. Those who take out the loan from their house bank do not have to provide bank statements, because the finances can be seen at a glance at the bank.

What conditions and which loan is granted?

What conditions and which loan is granted?

Since a driver’s license costs around 1,500 to 2,000 dollars, the loan for the driver’s license is granted as a small loan. Small loans have low interest rates and a short term. The term is only as long as the apprenticeship contract runs. Nobody knows whether the trainee will be taken on after the teacher and you want to make sure that there are no more debts in the end.

The applicant should inquire at the driving school how expensive the driving hours, the exams and the learning material are so that the costs can be seen. Possible checks should be considered if it doesn’t work the first time. Only then will you know how high the loan must be and can then be applied for.