Debt consolidation: is it worthwhile to refinance loans with Bankate?
Among the online loans that can be requested with Bankate we also find the debt consolidation loan. With this financing it is possible to refinance the loans in progress both with the same financial company of the Astro bank group as with other banks or financial institutions so as to bring together all the installments in a single loan.
It is always a personal loan, which can also allow the obtaining of new liquidity, within the maximum amount envisaged, which stops at 30 thousand USD.
How do you request it?
Compared to other types of financing offered by Bankate, what are the differences in the research and simulation process?
The particular functionality of this loan does not produce differences on the request process. We always start with a first evaluation to be carried out online using the special tool offered by Bankate. There is no need to register, you only have to enter the amount you would like to obtain and then move on to the calculation of the installment and to identify the rate applied.
What are the conditions?
The amounts that can be requested are between 500 and 30 thousand USD. The amount affects the repayment duration: for example, if you request 500 USD, the maximum duration will be 21 months, if you go up to 1000 USD it will be 36 installments, etc. To evaluate the economic conditions of Bankate debt consolidation it is preferable to give two examples, one out of 15 thousand USD and one on the maximum sum, or 30 thousand USD.
Example 15000 USD
The first step, as already mentioned, is to use the calculator. As you can see, simply enter the amount for which you want to run the simulation to get the various proposals. In addition to the installment, these will also include the Tan and Taeg rates applied according to the different possible durations.
Selecting the proposal of interest moves on to the next phase that allows you to evaluate the actual budget. At this point you can switch to the actual request. The procedure can always take place online (using the digital signature ) or through the agency. In both cases it is recommended to have the necessary documents already available so as to speed up the evaluation and possible approval (or rejection).
Example 30 thousand USD
All the steps indicated for an evaluation on a request for a loan of 15,000 USD are valid for any amount that Bankate plans to grant with the debt consolidation loan. So as regards the request for the maximum amount offered by the French financial company, we will have to do these simple steps:
- inclusion in the calculator of the amount of 30000 USD;
- selection of the red button with the wording ‘calculate the payment’
- analysis and evaluation of all possible combinations of installments and rates according to the duration that can be chosen (from 12 to 120 months).
Also in this case, logically, the solution that seems at the same time the one with the most sustainable installment and with the lowest applied rates must be logically generated. It is recommended to read carefully the SECCI model (which contains the ‘basic’ conditions of the estimate) and only then proceed by selecting the red button below.
How does the online request take place?
After selecting the red ‘button’ with the word ‘Request now’ the practical request phase begins. This is entirely guided and begins with the entry of personal data divided into personal and income (and / or business) data. Each time, to proceed to the next step, simply click on Continue at the bottom (red button). Until the final summary is reached, the loan application is not formalized, so it is time to make all the changes that are deemed necessary.
What are the necessary requirements?
As with the other loans, the Bankate debt consolidation loan (or loan as it is often called) requires:
- age between 18 and 75;
- residence in Italy;
- demonstrable income (pay slip, pension slip or Cud, Single Model, etc.);
- loans already in progress.
Deepening: Loan without payroll Bankate.
The indispensable documents are personal documents such as health card or social security number and identity document. For the income part it is necessary to indicate the precise data both in the case of employee, pension or self-employment. All documents must logically be supplied in copy.
Unlike traditional loans, it is necessary to have the extinction counts of the loans to be consolidated, and Bankate herself will proceed with the extinction. Finally, it is necessary to indicate the IBAN of the bank where the current account on which the installment is to be charged is open.
Convenience must be assessed personally, bearing in mind that debt consolidation should guarantee, if possible, even better economic conditions than those applied to current loans. For these it is necessary to pay attention that:
- the minimum repayment period has been reached;
- the remaining duration is not towards the end.