During the summer holidays this year, the 60% of Spaniards (that is, a total of 28,04 million inhabitants) will go on vacation and the average expenditure will be 1.789 euros per person. More than 3 million Spaniards (17%) will postpone their vacation expenses and, of these, 1,9 million will do so at a cost, according to the latest report from the financial products comparator. Where the desire of users not to stay at home after the hard months at work is confirmed.
The aforementioned report also shows that almost two million SpaniardsThey (a total of 1.981.779) will pay in installments the 1.789 euros that, on average, their vacations will cost this summer. In this way, it is influenced by the Kelisto report that reveals that those who decide to finance their summer break will have to pay 49,3 euros on average in interest, which represents a total expense of 97,7 million euros.
This summer, 60% of Spaniards (28,04 million) will go on vacation, a few days of relaxation for which you will have to pay an average of 1.789 euros per person, 10% more (163 euros) than last year. Now, to be able to face this expense, 3,04 million people will postpone their expenses (17% of the total) and, of these, 1,9 million (65%) will use a financing product that will mean assuming some cost. In any lines of credit and among which are also included those from credit card lines.
Vacation credit with payroll
Putting payroll first is always an excellent strategy to lower credit. Under percentages that move in a range that goes from 1% to 3% approximately. But with an even greater advantage such as the elimination of commissions and other expenses in its management and maintenance. As a consequence of this action, the claimants of this banking product can save up to 3% on the amount of the claim. With much more favorable conditions for your personal interests in your relationships with credit institutions.
A good part of the credit lines are conceived under this very special characteristic by financial entities. With the sole requirement of putting the payroll ahead or, where appropriate, the regular income from self-employed workersself-employed year. With different models in which you can choose the best format to request a loan to spend this next summer vacation.
Being a preferred customer
There is no doubt that being a good bank client can facilitate the complicated task of obtaining a loan with better conditions in its contracting. For this it will be necessary not to have debts with the bank, to have a very active relationship with it and of course have a very strong balance in your savings account. While on the other hand, interest rates will be softer from now on. Beyond another series of technical considerations. With a concession that will be formalized more comfortably and in a much shorter period of time.
On the other hand, we cannot forget that not all users will be able to access this model to get this special line of credit. Where they are never missing much tighter repayment terms to the needs of the clients themselves. Being able to choose between different formats that are marketed by banks after their timely concession. Being another of the opportunities you have at the moment to get cheaper credit and with much more competitive interest rates than until now.
Banking offers and promotions
You may not know it, but there is another option that can be very interesting to meet this demand to spend the next vacation this summer. What is it like to receive the credits that are offered by banks to new clients. They are marketed with better conditions in their hiring through lower interest rates than the rest. While on the other hand, they are usually exempt from commissions and other expenses in their management and maintenance. With the savings generated by this action in relationships with banking entities and for the benefit of your personal relationships.
While on the other hand, we must also emphasize the fact that this business strategy is very beneficial for your personal interests because you can find very advantageous proposals so that this year it will cost you less money to spend your holidays. Because in effect, they are marketed with interest rates that move 6% and 7%, and without commissions or other expenses in its management or maintenance. The downside of opting for a trading strategy is that it is not always available throughout the year. If not, on the contrary, it develops in a specific way and above all limited in time. Not in vain, you have to be aware of the appearance of this kind of promotions and offers in these formats in the credit lines to finance your next vacation.
Credits to go abroad
They are intended to finance the bachelor's degree, master's degree, postgraduate or training courses carried out by students abroad, as well as the expenses derived from this stay (travel, didactic material, housing rental, etc.). For which they advance between 20.000 and 60.000 euros that can be returned in a repayment period that ranges between 4 and 10 years, depending on the amount loaned. Under interest rates in better conditions than those offered by other types of loans and whose main “hook” to market them to potential clients is the incorporation of a grace period in which the holders will only pay the interest.
Although its access is open to all kinds of university students, without considering personal endorsements, it should be noted that some more demanding modalities They incorporate the requirement of having contracted other products with the entity and, also in other cases, it is mandatory to maintain a good academic record to achieve it in the banking market. Due to their special characteristics, financial institutions anticipate higher amounts than those allocated to other academic activities, as well as the possibility of exceeding the limits imposed under certain conditions by the banks and savings banks that currently market them.
Tax deductions
The loan may present tax deductions if the purpose of the loan was to expand a home or pay other tax deductible expenses in the purchase of a home, contributions to pension plans or any other destination of those considered as deductible expenses in personal income tax (Personal Income Tax). Income of Individuals). Likewise, by accessing this credit product, clients will be able to benefit from a package of free banking products and services while maintaining the payroll domiciled in the financial institution, such as: maintenance and administration of the current account, the annual fee of the card credit, transfers and checks, and the use of the ATM network of the bank or savings bank with whom this financial product is contracted.
Profile to which they are directed
The profile to which this type of credit is directed is well defined by the financial institutions that grant it, in which, of course, the most problematic clients, with debts or late payments, as well as those that do not have the minimum liquidity required by the entity, that is, classified as risk. On the contrary, what are most sensitive to grant them are those that have all or a large part of the following premises that are detailed below:
- Clients without risk, that is, those who do not give problems to the entity due to their late payment or non-payment.
- Users who do not have a credit product contracted at that time (consumer loans or mortgage).
- People who can guarantee that loan through payroll or income made regularly.
- Have at that time a current account with a liquidity important enough to assume the debt contracted.
- An impeccable banking history, in which savings or investment products are frequently contracted.
- Availability of liquidity and, that it is detected that there is no movement in your account, that is, there is no significant capital outflow.
Documents to be submitted
To access this type of quick credits, the requirements, in general, are broader than what may appear at first glance, It is not enough with the DNI and the last income statement. Depending on the criteria of each credit institution, the most common is that at the time of formalizing a loan of these characteristics, applicants must present the following documents: photocopy of the National Identity Document or Residence Card in force of all the intervening parties , photocopy of a direct debit receipt in your name (electricity, water, gas, telephone, insurance, mobile ...); proof of income of the owner and co-owner, if applicable; if you are employed, a photocopy of the last two pay slips and if you are self-employed, you will need a photocopy of the last personal income tax plus a duplicate of the last two quarters. In the cases where the claimants are retirees or pensioners, the accredited document will be that of the revaluation of the pension