Credit secured by a pledge on securities?
What is the Fido Finanzia? The Securities Finance Overdraft consists in the granting of a current account overdraft guaranteed by a mandate to sell on one or more securities in the customer's main category (sub-categories are excluded). The minimum amount of credit request is 2.500 euros.
In fact, if we request a credit line of 10 thousand euros, the commission for the availability of funds will have an impact of 200 euros per year (that is, 0,50% for each quarter - 50 euros - multiplied by 4 quarters).
The revocation of the credit exposes the bank credit to an immediate repayment with the repayment of the sums and all that follows. Banks generally grant a bank credit repayment plan, to allow for a gradual repayment. The revocation is preceded by a credit return letter sent via certified e-mail or registered letter.
The operation is that of a normal credit line. So you don't have any particular dedicated advantages, but at the same time you don't even have to have specific requirements other than that of already being a current account holder. The amount granted as a credit line depends on the result of the creditworthiness assessment by the bank.
Access the Mobile Banking App to customize the amount up to € 6.000 (for current account holders for at least six months, pre-valued and with an active Multichannel Bank) or up to € 12.000 through your Bank via the Internet and at the Branch. Request it now!
In principle, the outcome of the granting of a credit line can range from a few days to a maximum of one month (usually, if the month from the application is exceeded, the credit line can be considered not granted).
But, it should be noted, it is a product reserved for account holders for at least six months, with access to home banking and with a maximum management limit of 6.000 euros.
The consequences of using a credit facility beyond the permitted limits: the bank can withdraw from the contract and order the repayment of the sums. ... By doing so you will go into debt to the bank: you will have used a sum in excess of the amount granted, without repaying it in time.
In practice, the bank makes a certain sum available to the account holder, i.e. opens a credit line, which can be used in whole or in part, even in the absence of funds in the account, whenever necessary, to carry out transactions. such as: issuing checks, wire transfers and withdrawals.
To request a credit line, you must have a current account at the bank you are applying for (or open it), and fill in the information forms that are provided. Private individuals must provide the bank with their documents and, as mentioned above, must obtain a guarantee.
The bank credit is a loan that a bank grants to its account holders, both individuals and companies, upon presentation of due guarantees. ... The loan also involves costs and guarantees, but overall the rates for loans, which in any case vary from bank to bank, are lower than those of the credit line.
The commission to be paid for having obtained a bank credit line (called all-inclusive commission on the credit line) reaches a maximum of 0.50% per quarter calculated on the sum made available to the customer - according to the provisions of the new CDF tax, for a total 2% per annum.
As I have already told you, to find out how to obtain a bank credit without guarantees you will only have to access your personal area and / or call your branch to ask if it is possible to associate with your bank account, without going to the branch and without presenting further documentation. an overdraft.
Bank credit: who grants it
The bank credit is granted exclusively by the bank in which you have an active current account. This implies that you as a current account holder have at least a minimum of banking history (i.e. have already had an active account in a bank, or in the one in which you are opening the current account).
The overrun occurs if the customer, who holds a credit line in a current account, temporarily uses an amount higher than that previously established as the maximum amount of credit. The overrun can be authorized in advance by the bank.
If in the stipulated contract there is the possibility of trespassing, it will be allowed to go into the red to pay bills, mortgage or salaries. If the bank does not have this clause in the contract with the account holder, they risk not paying the automatic debits if there is no money available in the account.
The overrun is the sum that the bank has agreed to pay when the customer has given a payment order (check, utilities domiciliation, etc.) without having the availability on the current account. The overrun also occurs when the sum paid exceeds the amount of the credit granted by the Bank.
How to close the credit line? The credit line can be closed at any time even if in most cases a contract is signed for an indefinite credit line. Simple, just ask your bank to withdraw the contract.
Credit to maturity:
In certain situations, the credit line is issued with a specific maturity, with a maximum duration of 12 months. It usually happens when the company has a specific short-term need.
Interest expense calculated on 31 December of each year is to be paid on 1 March of the year following that in which they accrued. A communication to the customer must be sent by the bank at least 30 days before payment.
A bank credit is a sum, not exceeding € 5.000, that the bank grants to its account holder. We could define it as a real commitment that the bank assumes towards the customer. With this line of credit, it guarantees him a sum of money available in its entirety or in part.
Interest expense is calculated at 31 December even in the case of contracts stipulated during the year and, in any case, at the end of the relationship. Rule 5. Interest expense calculated on 31 December is not due on this date, but on 1 March of the year following that in which they accrued.
The bank credit, or credit line, is defined as the commitment made by a bank to make a sum available to the customer, or to assume on his behalf an obligation towards a third party.
The bank castle is a sort of transfer to the bank of credit or credits not yet expired; in essence, a person or a company, based on the turnover and invoices issued but not yet collected, transfers this type of credit when it needs liquidity for current expenses.