20
Oct

EVO Finance credit card │ Apply online urgently

EVO Finance EVO Credit Card Online Request Card

EVO Finance credit card

The EVO Finance credit card helps you make purchases . With EVO Finance you have the option of using an alternative loan, having an amount on your credit card constantly, and using it when you need it. It is an alternative banking service to the traditional one. With EVO’s smart banking you have different online financial products at your disposal . EVO Bank offers you fast loans on a credit card, with a limit of up to 5000 euros. EVO Finance also offers insurance, personal loans, online credits . You can request a personal loan of up to € 30000 and return it within a period of up to 96 months. The interests of this financial institution are quite competitive, taking into account the represented sector of the market.

The EVO Finance credit card can be requested online , as can your personal loans. You can do it directly from your home, with your desktop, laptop, or from any other place with your mobile phone, iPad, etc. By going to the website of Evo Bank through www.enprestamo.es, you will see the wide range of financial solutions offered by this institution and if you are interested in Evo card, request it easily.

EVO Finance credit card

What does the EVO Finance credit card offer?

One of the options to enjoy when applying for the EVO Finance credit card is the possibility of receiving cash in your bank account up to 80% of the credit limit of your card. Also, once you receive this credit card, you can benefit from all the options offered by the online banking of this financial institution. You can make changes to the payment methods that interest you, exchange points, check extracts, make cash transfer requests , etc.

What else? Of course, with EVO Finance credit card you can easily make purchases online. But not only highlights the ease, also security. Thanks to the two-factor authentication system, you will have the option of confirming the purchase through a text message sent to your mobile phone, thus ensuring the operation that is intended to be carried out and avoiding fraudulent actions by possible fraudsters through guaranteed identification . You can register this service easily and at no additional cost, by contacting EVO Banco.

Apart from this, speaking more of the security offered by this financial institution, you can also benefit from an insurance without additional cost , linked to your credit card. The EVOFinance Visa credit card has the corresponding 24 hour protection insurance, thanks to which you will have your purchases protected, you will have accident and travel assistance insurance, emergency assistance and medical advice in case you are traveling. To give an example, accident insurance and 24-hour travel assistance provides you with indemnity guarantees of € 100,000 to € 270000, depending on the type of card you have (classic, gold, platinum). And if your flight, ferry or plane is canceled or delayed, or your luggage is lost, you may also be entitled to compensation, up to the corresponding limit established by insurance for these cases.

EVO Finance credit card

Requirements to apply for the EVO Finance credit card

You can have the EVO Finance credit card fulfilling the following requirements:

Be of legal age, and have an age between 18 and 67 years. Be a Spanish resident. Have a DNI or NIE. Have demonstrable fixed income. Have a permanent or temporary work contract with a seniority of more than 6 months, and in case you are self-employed with a seniority of more than 12 months. Reside in Spain For any questions you may have, you can always contact EVO Finance.

Advantages of the EVO Finance credit card

The EVO Finance credit card offers ample advantages for its owners , and to begin with, it must be noted that it has no annual fee. You will not have to pay anything for the maintenance of your credit card. Taking into account the benefits of the aforementioned insurance coverage, it is excellent .

Following the advantages you will have at your disposal to have the EVO credit card, we must mention that to make the payment of the money you have used in your purchases, you will enjoy flexible monthly payments, and you can choose the amount you want to pay each month.

So that you have the possibility of being more mobile, with the online banking of EVO Finance you can be informed at all times of the status of your account and the movements made with your credit card, wherever you are.

And of course, without changing bank, as to enjoy quick loans by credit card, you will not have to make additional efforts . Also, you can continue using your same account, without having to open a new one.

Another advantage offered by this financial instrument is to be able to transfer cash to your account, through a special service offered by EVO Banco.

You will have at your disposal millions of ATMs around the world to withdraw cash with your EVO Finance credit card.

 

If you want to benefit from all these advantages, make safe purchases with a good credit card and have money in case , the portal of loans and fast loans www.enprestamo.es offers you the option of requesting the EVO credit card Finance

Posted in Uncategorized
13
Oct

What is the World Bank or WB? How does it work

 

Located in Washington and directed by Jim Yong Kim, the World Bank defines itself as a cooperative composed of 189 countries around the world . In practice it is an organization that has specialized in the financial assistance of the so-called developing countries.

It was created in 1944 within the framework of the Bretton Woods Agreement that was signed in New Hampshire (United States), an international convention in which the International Monetary Fund (IMF) was also born. The number one goal of the World Bank is to reduce poverty in the world . And to achieve this, it has become the most important lender in the world in development loans.

Who forms the World Bank?

Although originally its purpose was to help European countries in their reconstruction after the end of the Second World War, over the years their functions have expanded so much that they ended up creating more organisms that were integrated into what we know today as The World Bank Group :

  • International Bank for Reconstruction and Development (IBRD) . It is in charge of offering loans and financial assistance to middle-income countries. It was created in 1945 and is made up of 189 countries.
  • International Development Association (AIF) . It is responsible for giving assistance and loans to the poorest countries on the planet. It was created in 1960 and is made up of 172 countries.
  • International Finance Corporation (CFI) . It focuses on private capital and aims to help developing countries by mobilizing capital that will be invested in non-governmental projects. It was created in 1988 and is made up of 184 countries.
  • Multilateral Investment Guarantee Agency (MIGA). Its objective is to promote foreign investment in underdeveloped countries. It was created in 1988 and is made up of 180 countries.
  • International Center for Settlement of Investment Disputes (ICSID) . Its purpose is to provide international conciliation and dispute arbitration services to facilitate foreign investment. It was created in 1966 and is made up of 156 countries.

Together, the World Bank Group has more than 10,000 employees and offices in 109 countries around the world .

Who makes the decisions?

The main decision-making body of the World Bank is the Board of Governors , made up of the finance or development ministers of the member countries. They meet once a year at the Annual Meetings of the Boards of Governors of the World Bank Group and the International Monetary Fund.

The day to day of decision-making falls on the 25 Executive Directors. They all work at the Washington headquarters. France, Germany, Japan, the United Kingdom and the United States each appoint an Executive Director. The remaining 20 Directors choose them among the 184 remaining member countries.

8
Oct

How is the real cost of a loan calculated

When people go to a bank to ask for a loan, they only look at the nominal interest rate (TIN), which is usually the interest rate that the bank itself publicizes to make the loan attractive and desirable in the eyes of its clients. customers. However, there are a number of factors that must also be taken into account to calculate the real interest rate that will be paid for the borrowed money, or what is the same, the actual cost of a loan once all the commissions are included and associated expenses.

The real cost of a loan is what is known as the annual equivalent rate (APR) and includes not only the TIN, but also the rest of the expenses related to the loan, such as opening and cancellation fees or linked insurance.

 

TIN vs TAE to calculate the real cost of a loan

Many times, the difference between a cheap loan and an expensive loan falls on those other expenses. It can even happen that a loan with a very low TIN is actually quite more expensive than another loan with the higher TIN. There are also loans that are offered at a 0% TIN but their real cost is very high.

For example, imagine that you contract a loan of 20,000 euros with a repayment term of eight years. If your interest rate is 5.99% (TIN) but you hide an opening commission of 2% and a formalization fee of 60 euros, then the real cost of the loan, that is, your APR , is 6.81 %.

In this example, you see how the loan is not as cheap as it seemed at first. If instead of 20,000 euros we made calculations for a mortgage of 150,000 euros and included the innumerable commissions that most involved, the difference between TIN and TAE would be even greater.

As you imagine, when comparing loans to select the cheapest one, it is not enough to look at the TIN. It is very important to know what is the APR of each of them. Otherwise, a wrong decision will surely be made. Regardless of the TIN, other things being equal, the one whose TAE is smaller should be chosen.

HOW TO CALCULATE THE APR

In practice, it is very difficult to calculate the APR of a loan. You should do it using an Excel spreadsheet (on the internet there are some very well done) or using an online financial calculator like the one offered on your website by the Bank of Spain.

However, you must know that the Bank of Spain itself requires all financial institutions that operate in Spain to publish both the TIN and the APR of their loans. What happens is that this information can be a bit hidden or in very small print so that it is not easy to find. Therefore, if you are not clear, ask your bank agent. It is in the obligation to inform you.

8
Oct

How is the real cost of a loan calculated

When people go to a bank to ask for a loan, they only look at the nominal interest rate (TIN), which is usually the interest rate that the bank itself publicizes to make the loan attractive and desirable in the eyes of its clients. customers. However, there are a number of factors that must also be taken into account to calculate the real interest rate that will be paid for the borrowed money, or what is the same, the actual cost of a loan once all the commissions are included and associated expenses.

The real cost of a loan is what is known as the annual equivalent rate (APR) and includes not only the TIN, but also the rest of the expenses related to the loan, such as opening and cancellation fees or linked insurance.

 

TIN vs TAE to calculate the real cost of a loan

Many times, the difference between a cheap loan and an expensive loan falls on those other expenses. It can even happen that a loan with a very low TIN is actually quite more expensive than another loan with the higher TIN. There are also loans that are offered at a 0% TIN but their real cost is very high.

For example, imagine that you contract a loan of 20,000 euros with a repayment term of eight years. If your interest rate is 5.99% (TIN) but you hide an opening commission of 2% and a formalization fee of 60 euros, then the real cost of the loan, that is, your APR , is 6.81 %.

In this example, you see how the loan is not as cheap as it seemed at first. If instead of 20,000 euros we made calculations for a mortgage of 150,000 euros and included the innumerable commissions that most involved, the difference between TIN and TAE would be even greater.

As you imagine, when comparing loans to select the cheapest one, it is not enough to look at the TIN. It is very important to know what is the APR of each of them. Otherwise, a wrong decision will surely be made. Regardless of the TIN, other things being equal, the one whose TAE is smaller should be chosen.

HOW TO CALCULATE THE APR

In practice, it is very difficult to calculate the APR of a loan. You should do it using an Excel spreadsheet (on the internet there are some very well done) or using an online financial calculator like the one offered on your website by the Bank of Spain.

However, you must know that the Bank of Spain itself requires all financial institutions that operate in Spain to publish both the TIN and the APR of their loans. What happens is that this information can be a bit hidden or in very small print so that it is not easy to find. Therefore, if you are not clear, ask your bank agent. It is in the obligation to inform you.