Which credit card for Hong Kong trip?

The fact that Hong Kong, as a former British crown colony, continues to form a special economic zone within the People’s Republic of China, is shown not least in terms of credit cards. Regardless of whether you are in the Central District or on one of the islands that make up Hong Kong as a whole, you can almost always pay with a credit card in hotels, restaurants and larger stores.

A large number of leisure facilities also accept credit cards as a method of payment. In this respect, it makes sense to have a credit card with you when you are in Hong Kong so that you do not always have a large amount of cash with you.

Make the right choice

Make the right choice

The internationally accepted credit cards are the same in Hong Kong as in practically all other parts of the world: the market is divided between the four major providers Visa, Mastercard, Diners Club and American Express. Mostly Visa and Mastercard are accepted.

If only one credit card is to be carried, either a Visa or a Mastercard makes sense for a stay in Hong Kong. China Union Pay is a specialty. It is the only credit card company in the People’s Republic of China. However, the cards from China Union Pay are practically nowhere accepted outside the People’s Republic of China and offer no significant advantages over a Visa or Mastercard, especially for foreigners, within the People’s Republic.

Notes on using credit cards in Hong Kong

Notes on using credit cards in Hong Kong

It is important to know that when using a credit card in Hong Kong, 1% to 1.5% of the respective sales are generally charged as a fee. The reason for this lies in the fact that cash continues to be the main means of payment in Hong Kong and in other parts of the People’s Republic of China. In general, credit cards are accepted in Hong Kong, especially in upscale shops and restaurants, and in hotels. If a rental car is to be booked, a credit card is practically indispensable.

Due to the above-mentioned surcharges on booked sales, it makes sense to take a closer look at the offers of the various credit card providers before you stay in Hong Kong. In addition to the costs for using the credit card, the running costs in the form of annual fees etc. should also be included in the comparison.

Other payment options in Hong Kong

Other payment options in Hong Kong

The Hong Kong Special Economic Zone has its own currency, the Hong Kong Dollar . At least for small purchases and other everyday needs, you should always carry a reasonable amount of cash with you in Hong Kong. The same applies to tips if there is no service charge on restaurant bills. If you do not want a credit card and still do not want to carry too much cash with you, there are many places in Hong Kong to redeem travelers checks. For cash withdrawals from a current account in Germany, the fees for a Maestro card are usually significantly lower than for a Visa or Mastercard.

Loan without commissions

Can you imagine getting a loan without commissions? Even if you don’t believe it, it is totally possible and you are very close to making it happen if you wish, because in Astro Finance you can request your loan without commissions.

 

Request your loan without commission at Astro Finance

loan without commission at FortuneFund Credit

Do you need to have extra money urgently and do not know where to request it? If you want to receive in your account that amount you need to settle a debt, cover a hole or buy anything you need, that you know that in Astro Finance we offer you personal loans adapted to your needs.

In Astro Finance we give you the possibility of requesting a personal loan without paying commissions. We search, compare and negotiate with different top entities to get our clients the best loans. What we offer

  • Up to 50,000 dollars
  • From 4.75% APR
  • In 24 hours
  • In paperwork
  • No commissions

Although it sounds very beautiful, we assure you that it is totally true! We are totally transparent and if you take out your personal loan to Astro Finance you will not have to pay any commission.

The only thing you will have to do to request a personal loan with us and without paying any commission, is to download the Astro Finance app for your mobile and create an account. Once you have it, you just have to add your bank accounts and you can start squeezing the app.

You will see your “credit score” appear. This score indicates the health of your accounts, your financial or debt capacity. So based on it you can access a personal loan of up to 50,000 dollars.

Under what conditions? In Astro Finance we negotiate with the banks the best conditions for you, based on your credit score. The higher your score, the better the loan conditions you can access. So you will be able to enjoy an APR from 4.75%.

Also, all without paperwork. At most we will ask you for a screenshot of some documents just to verify that it is you, for your safety. But nothing more.

 

How much can you save me in commissions?

debt loans

It always depends on the amount of the loan. But it is money that you will have to count on if you decide to contract your loan in a financial institution that does charge you fees for the application.

The main ones are the opening commission (the price to pay for accessing a personal loan) and the study commission (which the bank charges for evaluating the loan application). Something that we offer you in Astro Finance completely free of charge to make it easier for you to access a personal loan.

 

Is it worth a loan without commissions?

loan without commissions?

Of course it is worth it, because you won’t have to pay them. However, it is important that you consider the origin of it. That is, the financial institution in which you are going to apply for this loan, since not all of them are safe and trustworthy.

At Astro Finance, however, we are completely trustworthy and we guarantee the best possible conditions for your personal loan; So you pay as little as possible for your money.

So if you want to get an idea of ​​the amount of money we can leave you and under what conditions, simply access from our app and you can see it yourself. You decide if you want to hire it now or later.

Remember that if you manage to improve your credit score every month, your loan conditions will also improve. So you might find it interesting to start saving money.

What to look for when taking payday loan?

Instant payouts provided via the Internet is a solution that Poles use relatively often due to low pay. The Seventies bank company itself has supported hundreds of thousands of clients by borrowing approximately $ 150 million during 10 years of operation on the domestic market. What to look for when taking a payday loan to ensure that the process is safe and the terms of the loan are favorable for the client.

A trusted lender

A trusted lender

The first decision you should make when applying for payday loans is to choose a loan company. Customer confidence has been gained over the years, so it’s best to choose an institution that operates on the Polish market long and enjoys good opinions. After all, reviews of existing customers are the most reliable source of knowledge. A trusted lender is a guarantee of security, openness and flexible solutions.

Repayment terms

Repayment terms

Although all non-bank financial institutions operate on the basis of the same law and on similar principles, their offer differs significantly. A good example is a clear contract, clear repayment terms and a flexible approach to them, e.g. in the form of deferred repayment on friendly terms.

Rapid decision-making process

Rapid decision-making process

Non-bank loans (including payday loans) are most often requested in situations requiring quick action, e.g. car breakdowns, flooded flat, and on the other hand fantastic price promotions happen very often when there are still a few days to the next payment. When choosing payday pay via the internet, pay attention to the quick decision-making process regarding its granting. Efficient loan institutions with a pro-client attitude can make a transfer to the account indicated by the customer in just a few minutes. The passing time does not have to be an obstacle, especially in such elementary matters as finance.

Convenient online loan application

Convenient online loan application

Before you decide to grant a loan, you must apply for it. In the best loan institutions, the customer only needs to complete an application online, in which he gives his basic data, as well as some information on household income and expenses. On the financial institution’s website, the customer should conveniently indicate the amount and repayment period he or she is interested in, automatically getting to know the installments and details of the cost of the loan and its interest rate (in accordance with applicable law).

Availability of loans

Availability of loans

The assumption of most loan institutions outside the banking sector is the availability of their services to a wider group of clients than traditional banks. Borrowing is based on mutual trust. That is why the best loan institutions approach their applications quite liberally. Access to cash is not reserved almost exclusively for people employed under permanent employment contracts. Successful loan applications do not have to require the delivery of many unnecessary documents and certificates. What’s more, it’s worth to bet on a lender that promotes timely repayment of loans, providing their trusted clients with higher and higher sums.

Transaction Security

Transaction Security

When choosing a loan institution, we cannot ignore the issue of online security. Finally, when submitting a loan application, we provide a number of important personal data. Encrypted connection is actually a standard. Proven loan institutions like Seventies bank use a number of appropriate safeguards, in this case from Blue Media – the largest online payment operator in Poland.

When can a bank refuse a mortgage loan?

Moving decision made. Hundreds of properties viewed and selected from among them are the one and only dream apartment. Most people feel excited at the thought of a new apartment. Even those who do not like moving, packing and unpacking will confirm that buying a property is a truly unforgettable experience. Once the apartment has been chosen, it’s time to think about finances. Quite often, this problem is solved in one way – with a loan. Although the decision about it is postponed to the end, it is worth remembering that it is worth preparing in advance for making this important financial declaration. It is possible that the bank will reduce the loan amount or … refuse to grant a mortgage. Such a refusal can have many reasons, and banks do not always argue their decisions.

Employment contract

Employment contract

You don’t have an indefinite employment contract? For the bank this can be a big problem. If you have a fixed-term contract, order or work, your bank may refuse to grant you a loan. Many institutions also set such “backward limits” regarding employment. If you do not meet them, you can try to provide a work certificate, promise of employment, annex to the contract.

According to banks, similarly unstable employment is running a business. Very often, attention is paid to net income and the period of activity (from 12 to even 24 months). In addition, if your company is registered outside the country – you may also encounter difficulties in obtaining a loan.

It is also quite often found in employment mediation. This kind of work, which involves the delegation of an employee by a temporary employment agency to perform specific tasks, can make you unbelievable for the bank. Banks consider this form of employment unstable and this will certainly be the reason for refusing a mortgage.

Income counts

Income counts

Your salary is above the national average and you still got a denial? Perhaps the whole secret is that you have already incurred obligations. Do you pay installments for a car, kitchen or exotic vacation? Yes, this may be the reason for the refusal, because you may not be an attractive customer for the bank. Interestingly – those who have even a minimum income but who have no current obligations are better looked at.

What instead of a mortgage?

What instead of a mortgage?

So what can you do to get money when your bank refused you a mortgage? First of all, don’t break down and remember that banks don’t end the world. It is worth trying to change your financial situation and the form of the contract over the next years. The only solution that allows us to bypass unnecessary formalities are companies that grant loans. In this type of financial companies, it’s much easier and above all faster to get money in hand for the necessary expenses associated with an old or rented apartment. The Titania website is highly recommended, here you will not encounter complicated procedures – all you have to do is fill out a short application and accept the terms of the selected loan. The decision to grant funds is made within a few minutes, and the money immediately goes to your account.

Can I take a loan if I am unemployed?

 

The Polish banking system is very restrictive towards potential clients who want to take out a loan or credit. “Can I take out a loan if I am unemployed?” Many people who are not permanently employed but who earn regular income differently are wondering. Almost each of us from time to time needs extra cash due to unforeseen expenses related to even a car breakdown or the need to renovate an apartment. Do you have a chance for financial support as an unemployed person?

What do banks pay attention to when deciding to grant a loan?

What do banks pay attention to when deciding to grant a loan?

From the bank’s point of view, the process of granting a loan, credit or credit card to a customer involves estimating the level of risk that the debt will not be repaid. No bank approaches this obligation liberally. The institution’s dream client is a person employed under an indefinite employment contract. Even the level of earned income goes to the background. Loans for the unemployed, so it is impossible in practice, because even people earning in the form of their own business activity or on the basis of civil law contracts have huge problems with obtaining it. The answer to the question of whether an unemployed person can get a loan is: no. At least when we are looking for her in a traditional bank.

Can I take a loan if I am unemployed? Alternative sources of income

Can I take a loan if I am unemployed? Alternative sources of income

The unemployed are not completely in a lost position. There are trusted lenders from the non-banking sector operating on the Polish market, which have a much higher level of trust towards their potential and current clients. For an unemployed person to be able to get a loan, they only need to achieve an adequate level of solid income that is not wholly absorbed in monthly expenditure.

Where do the unemployed most often earn an income that gives them a chance to get a loan? A classic example is the rental of real estate – apartments or business premises. Many unemployed people, in fact, have a lot of assets that they multiply, for example, by owning shares and dividends. Income includes scholarships and donations. In addition, many people working abroad or in the shadow economy cannot formally document their employment. The advantage of all the unemployed, but still earning is the history of their personal bank account.

Loans adapted to the needs of the unemployed

Loans adapted to the needs of the unemployed

Proven non-bank institutions operating under Polish law, such as Clarissa Harlowe, easily grant loans to the unemployed by verifying their income and expenses. All you have to do is fill out a short form, select the amount you are interested in and submit an application for a loan for the unemployed. The decision should be made within a few minutes. It is undertaken by people, not banking IT systems. The whole process takes place over the internet, and the money that you can spend on any purpose is immediately sent to your bank account. Clarissa Harlowe has had the opportunity to support hundreds of thousands of Poles to fulfill their dreams and solve current financial problems.

Loan without verification in BIK – on what terms is it granted and is it secure?

 

Many people experiencing financial problems are afraid of verification in BIK before taking a loan from a bank or other financial institution. Is that right How does the BIK database work and what is it for? What are loans without BIK and what are the consequences of taking them? Is there a better alternative?

What is BIK and what is it for?

What is BIK and what is it for?

The Credit Information Bureau is an institution created by an alliance of banks operating on the Polish market. As a rule, all information on consumers related to financial services that they use is sent to the BIK database. Each loan, credit, overdraft limit or credit card, as well as installment purchases, are assigned to the individual customer account.

Timely repayment of liabilities (in practice not exceeding 30 days of delay) is associated with a positive entry that helps to improve the individual ranking of the consumer. Any delay lowers him. On this basis, banks, as well as many non-bank lending institutions, assess consumer credibility and creditworthiness. Each customer can ask BIK to create an individual report about themselves.

Loans without verification in BIK

Loans without verification in BIK

On the Internet we will find many offers for loans without verification in the BIK database. Private lenders as well as pawnshops operate on this principle. The difference between traditional and mentioned loans is that in the latter case the potential lender does not use the BIK database during verification of the client’s financial capacity, and usually also typical debtors’ databases, such as the National Debt Register and the Economic Information Bureau.

Is it worth using these types of loans in case of financial problems, sudden expenses or occasions in the form of a unique price promotion for even a vacation? Not necessarily. A loan without BIK is a service created for seriously indebted persons who have no chance of receiving a loan from a bank or loan institution due to the negative history in the Credit Information Bureau database.

From the lender’s point of view, providing such support to a client is naturally associated with a higher risk. The risk premium is higher profit in the form of horrendous interest and commissions. In turn, the loan agreement may also contain unfavorable and unclear provisions – often a trap for people who in an act of desperation reach for such a solution, as a result of which they are actually in a spiral of debt.

Is it worth using these types of offers

Is it worth using these types of offers

Even if we have unpaid liabilities, this does not mean that our situation is bad enough not to have a chance to pass the verification of creditworthiness in a bank or non-bank loan institution. It is worth acting quickly because time is to our disadvantage. Non-bank loans differ from traditional ones by the fact that we do not have to undergo complex verification and provide many documents confirming income and professional situation. In case of doubt, before applying for a loan, it is worth asking BIK for an individual report.

What is a replacement loan?

If you have heard about the replacement loan and still do not know what it means, stay with us because at Fundfind Finance we do not want you to continue with the doubt; since it is a term that you might need to know at some point in your life.

 

Refactional loan: what is it

Refactional loan: what is it

A replacement loan is used in the construction, repair or conservation of real estate sectors. It is associated with these sectors because it is usually used for the acquisition of machinery or operating expenses in industrial, agricultural or livestock sectors.

To understand it better, after making the request for a refactional loan, the beneficiary undertakes to invest the loan money received in movable and immovable property that he needs for the development of the activity.

According to the RAE, a replacement loan is a type of credit that comes from money invested in manufacturing or repairing something for the person to whom it belongs or others who are interested in it.

That is, the creditor of a refactional loan executes the work in the property or supplies the necessary elements to carry it out. So it can be the builder of an industrial building or a company that has just made some reforms. These are some examples.

One of the peculiarities is that the replacement creditor has privileges over other creditors. This is because his money is what has made construction possible or, thanks to him, the value of the property has increased.

 

How is it different from a conventional loan?

conventional loan?

As we say, a replacement credit is characterized by its purpose, because it helps improve the production capacity of a company or renew its assets. Therefore, given its purpose, it is usually used in industrial or agricultural sectors, not in personal finance.

Likewise, as we already told you, your applicant agrees to invest all the loan money in movable and immovable property necessary to carry out his activity. So you should do it this way.

It has neither the same characteristics nor the same requirements as a conventional loan, since it promotes the renewal of the fixed assets of a company. Also, the return period is usually about 7 years, although it depends on the financial entity.

 

Are there requirements to apply for it?

money loan

Normally, to apply for this type of credit, a series of requirements must be met. That is to say:

  • Request an opening contract
  • Have a checking account at the Entity that grants the credit
  • Go through a Credit Study to check your creditworthiness

However, keep in mind that the specific requirements are specified by the bank in which you are requesting the replacement credit.

 

How to know what type of loan I need?

money loans

It is normal for you to have doubts about the loan you need to contract. However, if you are a private individual, a personal loan could be the financial product that best suits your needs.

In the case that you are a company and would like to make some renovation or buy furniture, we could be talking about the request for a spare loan.

What are the real costs of credit?

 

When seeking financial support, we usually decide to take out a loan. Housing and consumer loans are the most popular. Among the latter, cash, car, student and other loans are taken. In turn, entrepreneurs use working capital loans and investment loans. However, there are so many banking products that it is easy to get lost, especially if you do not have much knowledge in banking and finance. One of the issues that raises the most questions is the actual cost of the loan.

Real loan costs

Real loan costs

The actual cost of the loan is primarily interest, as well as other fees and commissions. We usually pay the most attention to interest when taking out a loan. The loan interest rate is set by the bank and is expressed as an annual interest rate. Pursuant to the provisions, the interest may not exceed four times the lombard rate, its amount is decided by the National Bank of Poland. Added to this are credit insurance costs. The insurance does not apply to all loans, it is most often found in the case of housing loans as insurance for missing own contribution. The cost of insurance can often be renegotiated after the first years of loan repayment.

The actual costs of the loan also include additional costs such as the preparation fee, i.e. the amount for examining the application, as well as the commission for granting the loan. The commission can be added to the loan amount, thanks to which the borrower does not have to incur this one-time fee when taking out the loan, thus reducing the initial costs. The cost of a housing loan can also include the cost of property valuation, although sometimes a bank evaluates a property at its own expense. The real costs of the loan do not include account maintenance fees, costs associated with securing the loan, or all fees resulting from default on the loan agreement.

What affects the cost of the loan?

What affects the cost of the loan?

The loan interest rate as well as any additional costs result from many factors. Some are dependent on us, others are beyond our control. Such elements include loan collateral provided by the borrower, as well as its credibility. If the bank’s customer has a high credit rating, he is more likely to negotiate terms and reduce at least part of the costs. In addition, credit costs are affected by such elements as inflation, unemployment, competition among banks and financial companies, interest rates and many others.

How do you check the actual loan costs?

How do you check the actual loan costs?

At the stage of comparing the offers of individual banks, calculators that calculate the total cost of the loan will help us. Such calculators can be easily found on the internet. Of course, the amounts they calculate are indicative and not fully accurate. Ultimately, when deciding to submit a loan application, you must ask your credit advisor very carefully about all the costs. It happens not once that the bank employees do not mention some fees, so it is worth being very inquisitive. Taking a loan for a very large amount, e.g. a mortgage, you can ask for help from a lawyer who specializes in finance and banking. Such a lawyer will analyze the available options and tell us what solutions will be most advantageous.