Monthly Archives: March 2019

Beam Board Mortgage| Debt Consolidation

Last week I expanded on the method of calculating a mortgage called the Spitzer Foundation (which is the most common in the banks) and before I start talking about the next post, I would like to clarify two important points about the last post. More exposition at http://wrtc2006.com

1. I received many responses that the calculation of the top example was not done correctly – first of all thank you very much to everyone who sent it and he is right. My idea was less to go into and study the mathematical part of the subject, but mainly to explain how the method works “big” without getting into annoying calculations.
2. There were also comments that claimed that I had spoken against the system and perhaps even slightly “killed” the banks. Again, this was not the intention, but rather the main intention of the post was to emphasize that the Spitzer system has a great deal of weight to change the loan. As long as the years so that the rate of disposal of his fund will be faster and thus interest payments will eventually be lower.

Well, after clarifying a few things, I would like to write about the next subject, which is the equivalent of the Spitzer method, which is equal.

So what is an equal fund?

Unlike Spitzer, the return here is not uniform and constant for the entire period, but changes and decreases as time passes.

In other words, if you started with a refund of 5,000 NIS, the refund will start every month until you reach NIS 3,000 (for example, please note that this is only an example and the refund amount depends on the size of the loan and the number of years the loan was taken).

The basis behind the method is that each month a fixed amount of the fund is deducted (for example – NIS 2,000) and the interest rate decreases every month as the balance of the principal decreases.

Benefits of the method:

1. The rate of repayment of the principal is much faster, because each month you remove a fixed amount from the principal (which is significantly higher at the beginning than the derivative) and therefore the fund goes away more quickly.
2. The total interest payments will be lower than the Spitzer method, because the fund here is moving faster and so each year you will have a lower principal and lower interest payments.
3. The monthly repayment – decreases over the years and becomes a “more convenient” repayment in the recent period of the mortgage.

On the face of it, it seems that the method is thousands of times better than the Spitzer method.

But as you know, not everything is perfect in life and here comes two disadvantages:

1. High payments at the beginning of the mortgage – because you pay for the fund payment a fixed amount and higher each month in the first years, it requires you to pay more money in the first period of the mortgage (relative to Spitzer) and you will not always comfortable with it – despite the fact that within a few years this repayment For example, a loan of NIS 1 million for 30 years at 3% interest in the Spitzer method will cost you approximately NIS 4,200 per month (on a regular basis), while the same loan will be NIS 5,300 (NIS 1,100) More) and will eventually drop to about NIS 2,800.
2. Not all the banks and not all the tracks can take an equal fund and therefore your possibility to create broad negotiations between several banks is declining.

Who does the method fit?

1. Such as those who will retire / study / lose current income / planned for additional expenses, etc.).
2. For those who can afford it and have no “problem” with their monthly repayments, they can start a high monthly repayment now and want the refund to slow down. If you do not want the refund to decline, it is better to take Spitzer for a shorter period.

In conclusion ,

On paper, this method is preferable to the borrower (in the end, he will return less money to the bank), but since it is not very common and since we do not always need a refund, there is no need to be locked on this method, as I wrote above, only if there is a real need The years then this method gives a perfect solution. If not then I would have reduced the years in Spitzer as much as possible and remained with a fixed repayment over the years (but with shorter years in mortgage).

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Update Mortgage Lending Interest Rate | Business Loans

Home » Mortgage loan interest rate » Update mortgage lending interest rate Standard Chartered Bank latest 2018

Category

• Interest rate for mortgage loan with Standard Chartered Bank 2018
• Benefits of unsecured loans at Standard Chartered bank
• Conditions when accepting unsecured loans at Standard Chartered bank
• Documents and procedures for mortgage lending at Standard Chartered bank

The lowest loan interest rate for Standard Chartered Bank is 2018 today.

Credit mortgage has become more and more popular in Vietnam market, it helps customers solve financial problems quickly and without collateral.

One-member limited liability company Standard Chartered Bank (Vietnam) is a branch of a worldwide chain of leading Standard Chartered Bank (UK).

With 100% foreign investment, Standard Chartered Bank (Vietnam), established in 2009, marked an important step in the development of Vietnam’s banking industry.

In 2018, Standard Chartered is the leading bank in reducing lending rates, especially interest rates on unsecured loans. In particular, how about Standard Chartered lending interest rate, please learn through the following article.

⇒Credit loan comparison tool of banks will help you choose the bank with the lowest interest rate for your loan.

1. Interest rate for mortgage loan with Standard Chartered Bank 2018

Table of interest rates for unsecured loans Standard Chartered Bank 2018:

 Loan purpose Consumer loans Loan interest rate 13.49% year Maximum loan 400 million Minimum income 6 million Borrowing limit 5 years

It can be seen that the mortgage interest rate at Standard Chartered is very attractive on the market today, much lower than other banks such as VP Bank (18% / year), VIB (15.48% / year). , MB (17.62%) …

Besides, Standard Chartered aims to borrow borrowers who are individual customers who have immediate consumer needs to help customers make dream vacations, study abroad to open knowledge, buy cars or decorate the throne. home today.

1. Benefits of unsecured loans at Standard Chartered bank

Borrowing credits at Standard Chartered Bank in addition to you will experience the international standard service style, customers also have some benefits as follows:

• No collateral and company guarantee;
• Minimum loan amount is VND 18 million, maximum VND 400 million;
• Loan term is from 12 to 60 months;
• Borrow up to 12 times the income.

Loans mortgage at Standard Chartered low interest rates, rich consumer purposes

>> See now: The latest Vietcombank loan procedure in 2018 to be able to get the fastest loan procedures if you are still hesitant to borrow money at this bank.

1. Conditions when accepting unsecured loans at Standard Chartered bank

In order to be able to borrow unsecured loans at Standard Chartered Bank, customers need to meet certain conditions:

• Being a Vietnamese citizen, aged 22 to 60;
• Minimum monthly income (after tax): VND 6 million;
• Income is received through bank accounts;
• Minimum working time:

+ Complete the probationary period;

+ Minimum 3 months in current job. If less than 3 months, the customer must have a minimum labor contract of 1 year with the previous company.

• Have a permanent or temporary residence in Ho Chi Minh City, or Hanoi, or Binh Duong.
1. Documents and procedures for mortgage lending at Standard Chartered bank

In order to get a quick mortgage loan at Standard Chartered Bank, customers need to prepare some documents in advance:

• Copy of ID card / Passport;
• Ban Khau replica;
• KT3 or Police certificate or utility bill (for temporary residence);
• Labor contract / Employment certificate (if there is no labor contract);
• Bank statements (and pay slips if needed).

From the above, it can be seen that Standard Chartered Bank is an ideal place for customers to find out when they need financial right and in the short term.

5 Financial Indicators to Track the Health of Your Company

We know that keeping track of business finances is critical to your success. In fact, with the control of the resources spent and available gives inferences about market performance, and also make better decisions.

For good financial management , the use of financial indicators is especially useful. And among them, some are considered more important to know how the business is. So in today’s post we present 5 of them, in addition to their calculations and how to use them properly. Check out!

1. Gross revenue

Gross billing is an indicator it is simple to track, but it serves as the basis for many other analyzes. To keep up with it, you just have to add up all the resource inflows in the company within a certain period.

Basically, just add up all the sales made or all the monthly payments paid by the customers. If a store sold in a month, 200 pieces at \$ 100.00, for example, the billing is given for \$ 20,000.00.

Thus, the formula is:

gross sales = number of sales x unit price

Initially, it can be compared against the expected value. If the expectation, through relevant analysis, was \$ 30,000.00, then there is a probable indication that something harmful to the billing occurred with the business.

2. Profitability

Profitability is one of the most important financial indicators because a business can have high revenue, and not be profitable. So, as it is from the profit margin that the business holds, expands and pays its owners, it is worth keeping an eye on that indicator.

It is calculated as follows:

profitability = (gross profit / revenue) x 100%

If of the R \$ 20,000.00, collected in the previous example, R \$ 12,000.00 corresponds to the profit, that is to say that there is a profitability of 60%. If the ratio is given by net or operating profit, it is operating margin.

In this case, it is worth thinking that of the R \$ 20,000.00, R \$ 8,000.00 correspond to the operating profit. Thus, profitability or operating margin is given by 40%.

In fact, there is no unique number that indicates excellent profitability – in fact, the higher the value found, the better. A negative figure, on the other hand, indicates that the business is spending more than it earns, even with sales.

3. Contribution margin

The contribution margin, in turn, indicates in relative way how much each product or service contributes to the company’s profit. And, for it to be calculated, the following formula is used:

contribution margin = [(sale value – fixed and variable costs) / sale value] x 100%

For calculation purposes, let’s take into account a certain product, which costs \$ 100.00. Of this amount, R \$ 10 goes to the acquisition of R \$ 40.00 for various taxes and R \$ 10.00 for the payment of other expenses.

Thus, the contribution margin is given by:

contribution margin = [(100 – 40 – 10 – 10) / 100] x 100%

contribution margin = 40%

So, this means that in the case of this product, every R \$ 1.00 invested there is a contribution of R \$ 0.40 to the profits of the company.

4. Current Liquidity

Knowing the immobilization of business resources is also fundamental for making decisions and for understanding how your financial situation is going. After all, having too many resources depleted the business’s competitive advantage, and it makes you lose good chances.

To prevent this from happening, it is recommended to keep up with current liquidity. This indicator is short-term and shows, within a certain period of time, how immobilized the assets are.

To calculate it, we use the formula:

current assets = current assets / current liabilities

In this case, current assets correspond to all resources, such as accounts receivable, cash and investments. Current liabilities correspond to accounts payable, fixed costs and other expenses.

So if in a given month the company has current assets of R \$ 50,000.00 and current liabilities of R \$ 25,000.00, for example, current liquidity is 2 or 200% – which indicates that the business has many resources available .

However, in another example, if the assets correspond to R \$ 50,000.00 and the liabilities to R \$ 75,000.00, then the current liquidity is of 0.67 approximately. With this, the company will need to have cash resources to fulfill its obligations.

5. Average Ticket

The average ticket refers to customers and is especially important to understand both business performance and customer behavior. Basically, it corresponds to the average amount spent by clients within the finished period of time.

The calculation can be done either individually or collectively, as follows:

average ticket = gross sales / number of sales

Therefore, a customer who bought R \$ 150 in one month, R \$ 220 in the second and R \$ 230 in the third month, for example, had a total cost of R \$ 600.00 in the quarter. Thus, your average ticket is given for \$ 200.00.

Already for the calculation of collective way, just think of a business that had gross sales of \$ 200,000.00 and about 500 sales. With this, the average ticket per customer is \$ 400.00.

Tracking this indicator is important because to increase business revenue, you can increase both the number of sales and the average ticket – that is, make people spend more.

And the level of this indicator will be good or bad depending on the business. If the average ticket is \$ 400.00 and the products cost an average of \$ 300, there is an indication that customers are making smaller purchases or are not returning. If the products cost around R \$ 100, this same average ticket indicates a successful strategy.

Finally, as we have seen, the financial indicators that allow us to monitor the health of the company include gross revenue, profitability, contribution margin, current liquidity and average ticket. So with proper analysis of them, for sure, the business is favored – just like your success!