Mid-term loan pattern
The Commission will provide the borrower with a dedicated, qualified subordinated loan (“loan”). SWS provides its natural gas customers with a special-purpose loan for the following types of financing: a restricted loan in the amount specified in the loan agreement.
SWS provides its gas customers with an earmarked loan for refinancing: conversion of a waste heat plant to biogas conversion of a hot water treatment to biogas heat pump for heating and hot water treatment hot water treatment on solar powered rental basis replacement of old electric storage heaters domestic ventilation with hot recovery The list of loans is final, As a borrower, I have the right to change my contractual statement in writing within two calendar weeks without giving reasons (eg by post, fax).
The timely delivery of the opposition to the following address is sufficient to comply with this deadline: The loan can also be terminated by the borrower if he has already received the loan amount. However, he is then required to repay the loan amount within two calendar weeks of the cancellation or loan payment.
Otherwise, the opposition is not considered completed.
The purpose is known mainly in connection with and in connection with loans. It has long been possible to obtain cheaper financing conditions for a specific purpose. Meanwhile, it has no direct influence on credit conditions. With regard to government budgets, commitment is always considered an exception to the general supply principle, which is generally applicable.
The one or two-sided protection authorization must be determined in this case by a so-called Earmarking. Binding to a use or use is only permitted in private households if it is either prescribed by a relevant law or is related to income. All earmarked revenues are taken out of coverage.
They can therefore not be used to cover all expenses, but are available only for individual obligations. Only in exceptional cases can this option be exploited at the community level. All waste fees paid to municipalities can therefore be used exclusively for the purpose of waste disposal. In addition, there are also surpluses in this area which can not be used elsewhere.
In the area of government budgets, the commitment to this objective should bring greater openness to the consumer. The purpose of loans is not uncommon to this day and is used primarily in connection with individual forms of credit. A well-known earmarked loan is the home loan. It may only be used for the purpose of renovation, renovation, home purchase and housing.
Due to this purpose, the conditions offered by the lender for the construction loan are often more favorable than for other forms of financing. In addition to low interest rates, lenders often grant larger sums of credit and cheaper repayment installments, which makes it easier for the borrower to make monthly payments. The obligation is specified in the Construction loan Act and is shown for residential purposes.
Some lenders require proof that the required earmarked funds are met for one or more loan amounts. To clarify the purpose, the lender works with certain loan descriptions. Thus, in addition to the real estate loan or a land debt and the home loan z. As the motor vehicle loan referred to as dedicated financing. The purpose of loans also tends to increase collateral for lenders.
In the case of dedicated loans, the lenders have more coverage, for example by the car or even by the property, and can fall back on some form of pledge. A known loan, which is intended for a specific purpose, is the basic fee (mortgage). Such loans are secured by a land register entry for the lender. The high level of collateral minimizes the credit risk for the lender.
The mortgage rate allows lenders access to the property if borrowers are unable to pay the loan installments. Finally, the mandatory auction will ensure the repayment of the loan amount to the lender. If the mortgage loan of the special purpose loan is deposited in the cadastre, the claims of the lender, for example, are always separate from those of other creditors.
However, in the event of late payment, only the lender entered in the cadastre may sell a property. In most cases, bonds are provided with a purpose. Accordingly, they can only be used to finance real estate or to carry out renovation and renovation. If, however, a plot is carefree, it can certainly serve as a guarantee for a loan that does not have to be earmarked.
This increases the creditworthiness of the borrower and the likelihood that the principal bank will grant the loan. Unrestricted mortgage lending has been able to assert itself on the capital market in recent years. As a rule, a home loan, which is mainly used for the renovation and renovation of a property, is given out for a specific purpose.
The purpose-built loan is often cheaper than the traditional installment loan. However, the loan amount may only be used for renovations, decorations or renovations of the house. A car loan can, as already said, also be linked to a specific purpose. Accordingly, the loan amount of this loan can only be used in the motor vehicle sector.
Not always a car loan must be used for the purchase of a new car. Car financing is basically one of the cheapest and most interesting examples of earmarked car loans. In general, the backup is done in the form of the license plate, which will deposit with the lender. Only when the loan amount has been paid in full is it transferred to the borrower.
In the case of car loans, borrowers, as earmarked loans, must in principle prove what they have used the loan amount for. Particularly in the area of data protection, the term “earmarking”, ie the limitation to a specific purpose, occurs more frequently. Again and again, the statistic judgment of the Federal Constitutional Court is used, which stipulated in its decision of 1993 that the storage of information is only permitted for certain purposes.