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Month: December 2019

The low volume of loans to GDP shows that the financial system is buzzing

The low volume of loans to GDP shows that the financial system is buzzing

The financial market (banks and microfinance sector) of the Republic of Moldova is going through a turbulent period. The banks experienced a continuous fall after the bank robbery in 2014 and this lasted until 2017, and the microfinance sector experienced an ascent, explained in the show “15 minutes of economic realism”, IDIS Viitorul economist, Veaceslav Ioniță. The total volume of loans Granted according to the estimates at the end of May will be 46 million USD, a record amount after…

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Read here: Loan without Credit Bureau

Read here: Loan without Credit Bureau

Credit Bureau information is one of the most well-known hurdles that have to be overcome in the course of borrowing. It is used to determine whether a bank customer already has ongoing obligations and also provides information on whether delays have already occurred in credit transactions that have already been completed. A negative Credit Bureau entry can therefore quickly lead to a rejection of the application, which is why quite a few customers are forced to look for a loan…

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Can a loan be made for the second residence?

Can a loan be made for the second residence?

After the consumers take out a mortgage loan, they may also consider taking a second mortgage loan as the maturities are too long. Of course, it was thought that such a situation could occur in housing loans allocated with maturities up to 10 years, and it was decided to apply various procedures on the subject. Therefore, consumers who want to take out loans for the second residence should be aware of some details and act accordingly. Can New Loan Be…

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