We analyze Gandalf loans with rates updated to 2019 , to assess whether they are cheap products compared to the competition. The conditions of personal loans and the transfer of the fifth , with the characteristics of each form of financing offered by the company. Finally, the opinions of the users regarding the delivery times and the methods for calculating the Gandalf loan.
Gandalf 2019 Loans: to whom they are addressed and required requisites
If you are looking for a loan to buy a car, renovate a house, buy furniture or appliances, book a holiday or face any other expenses, the solutions available on the market in 2019 are many. Among these we want to present Gandalf loans , with all the economic characteristics to compare with those offered by other banks and financial institutions. First of all, it is good to analyze the required requisites, which as always determine the customers to whom the loans are directed. Gandalf is a company belonging to the Gandalf Banking Group , which therefore guarantees the reliability of this company. On the website of the bank we find all the useful information regarding each of the types of financing offered. As we will see better in the following paragraphs, the options available to all those who need a loan are the personal loan or the consolidation of loans . Before seeing in detail the differences between these two types of financing, we see who they are addressed to.
First of all, to present the Gandalf loan application it is necessary to have an age between 18 and 70 years and be resident in Italy . As far as foreign customers are concerned, at the time of the request it is necessary that the latter present the valid residence permit and show residence in Italy. Gandalf loans are reserved for those who are already customers of the bank . In particular, as specified on the company’s website, it is requested that the beneficiary of the loan has registered a Gandalf current account for at least 3 months, with an account balance exceeding -500 euros. As an alternative, Gandalf’s request for funding may also be applied to all those who decide to credit their salary or pension to the Gandalf account . In this case no constraints are set regarding the time elapsed since the opening of the account. As always, the most important constraints are those that concern the economic requirements required by the bank.
As for Gandalf loans, from this point of view there are no big differences compared to other major banks, also because as we said this company is part of the Gandalf group. In order to apply for any Gandalf financing it is necessary to present an income document . As always, employees will have to show the paycheck and the employment contract. In the case of a permanent employment contract, there will be no problems except for the amount that can be requested and therefore the monthly payment that can be fixed. On the other hand, those who have a fixed -term contract will be able to receive the desired loan only by setting the end-of-refund date before the expiry date of the contract. As for pensioners, just as for the sale of the fifth, it will be enough to present the last pension bill , which is an excellent guarantee for the bank as it represents a fixed monthly income guaranteed for the customer. Finally, self-employed workers can also receive the loans offered by Gandalf presenting the last tax return . Obviously in this case the bank will perform an analysis of the earnings received in the last year to assess the maximum payment that can be faced by the customer and therefore also the amount that can be requested according to the repayment plan chosen.
Personal Loans Gandalf 2019: amount that can be requested and reimbursement with assignment of the fifth
The first type of Gandalf financing that we analyze is that of personal loans . The first big advantage of this solution is that it is a non-finalized loan . This means that it can be the perfect financing regardless of the expense you want to deal with. All that needs to be decided is the amount to be requested and the duration of the loan. These are the two fundamental aspects that must be considered before proceeding with the request for funding. As for the amount that can be requested , we will have great freedom in this sense. Gandalf personal loans go from a minimum of 2000 euros up to a maximum of 50,000 euros . Precisely for this reason it is a perfect financing option to cope with any type of expenditure, from those for which you need a small sum of money such as those for the purchase of some household appliances and household items in those for which funding is needed for a higher amount such as the purchase of a car or the renovation of the house.
What is the duration that we can choose for the Gandalf personal loan? As is the case with personal loans offered by other companies, even in the case of Gandalf personal loans, the customer has the possibility to set the repayment rate he prefers. In this case the duration that can be fixed depends on the amount we need. In this sense, three different types of personal loans are considered, with the related repayment plans. In any case, the minimum duration is 12 months, however, advisable only for small amounts in order to avoid setting a too high repayment rate. For small Gandalf loans ranging from a minimum of 2000 euros up to a maximum of 4000 euros , the maximum duration that can be set by customers at the time of the request is equal to 48 months . If, on the other hand, the amount you are interested in is between 5,000 and 10,000 euros , then the repayment plan may have a maximum duration of 72 months . Finally, for Gandalf personal loans for amounts ranging from € 11,000 to € 50,000 , customers have the option of completing repayment in 84 months .
One of the types of loans that especially in recent years has become particularly widespread is the so-called sale of the fifth . This loan option is aimed exclusively at employees and pensioners and is characterized by the fact that the monthly repayment installments can not exceed one fifth , or 20%, of the net amount received by the client. Is it possible to request the sale of the fifth Gandalf? This particular type of loan is not described on the bank’s website. In any case, as we have seen previously, the personal loan can be requested by employees and pensioners who choose to credit their salary or pension directly to the Gandalf current account. Considering that the monthly repayment installments will be deducted directly from the customer’s bank account, in this case the personal loan can be considered just like a transfer of the fifth. The repayment installment of less than one fifth of the salary or pension can be set simply by choosing the duration that we prefer among those available, and will obviously also depend on the amount we are going to request.
Gandalf Financing Consolidation: how it works and financing conditions
The second type of loan presented to us on Gandalf’s website is the consolidation of loans . This financial product is now proposed by all major companies, sometimes under the name of debt consolidation. This is an excellent opportunity for all those in need of repaying more than one loan at the same time. Nowadays this situation is very common, since practically any good or service can be purchased by choosing the payment in installments, and therefore accessing a form of financing for amounts more or less high. In this way we find ourselves with several loans in progress, received from different banks and financial institutions , which also involves the problem of having to address different interlocutors for any need.
The biggest problem when you are to repay several loans at the same time is related to the repayment installments, each of which will have a different expiration date , which can lead to confusion and the risk of forgetting to pay installments. For these and other reasons it can be very useful to combine all the loans received in a single loan. To do this, simply request the loan consolidation offered by Gandalf. This type of loan allows access to a maximum amount of € 30000 , and can consolidate up to a maximum of 4 different loans. Specifically, three different Gandalf loan consolidation solutions are specified on the product regulation. The first involves 3 external loans plus an additional liquidity; the second option makes it possible to unify external loans and internal loans to which is added any additional liquidity desired; finally, the last solution is the one that provides for the consolidation of 2 Gandalf loans with a part of mandatory additional liquidity.
Gandalf loan consolidation ranges from a minimum of € 11,000 up to a maximum of € 300,000, which can be repaid over a period of time ranging from 12 months up to 72 months . The sum that we are going to request will be considered the sum of the capital not repaid in all the loans received, both external and internal, to which will be added any additional liquidity requested. As far as external loans are concerned, these can always be consolidated, regardless of the bank that has granted them in the past, while the loans received from Gandalf can only be consolidated after having repaid at least the first 6 monthly installments. Among the advantages of this type of financing there is the possibility of obtaining a much better economic treatment compared to that offered by other companies. Furthermore, the possibility of redefining the repayment plan with Gandalf consolidation loans allows you to choose the rate you prefer by choosing the ideal duration.
Opinions on the Gandalf Loan: waiting times and loan and request calculation methods
As with any financial product, it is always very important to take a look at users’ opinions about the treatment received by the company and the convenience of the loan. One aspect that always has much emphasis when it comes to financing is that of waiting times for the payment of the requested sum. In the case of Gandalf loans, the opinions published on the various industry forums speak of very rapid or even immediate disbursement. In this sense, it is emphasized how very useful is the possibility offered by Gandalf to be able to present the request for funding directly online via a digital signature. This opportunity is reserved for Gandalf customers who have a valid identity document saved in the bank’s archives. In this case it will be sufficient to upload the income document (in .pdf format or in image format) and request the desired financing by digital signature.
This type of request reduces the time required for Gandalf loans, and for this reason it is recommended by many users in their reviews. Alternatively, it will be necessary to print the pre-completed contract , after obviously choosing the amount to be requested and the duration, and send it together with a copy of an identity document and the income document. The address to which all the documentation necessary to request Gandalf loans is sent is GandalfBank Middle Office Network – Personal Loans Via the October Revolution, 16 42123. Before proceeding with the request for funding as we said, it is necessary to choose the parameters of the loan we want to request. To do so, Gandalf makes its loan calculation simulator available to its customers, which can be used free of charge and without any obligation. To find out the monthly repayment rate and the applied interest rates, simply access the customer area using your credentials and enter the desired amount and then choose the ideal duration according to your needs.
To conclude our analysis of personal loans and Gandalf loan consolidation, let’s see some examples of an estimate , useful to get an idea of the economic treatment offered by this lender. As for personal loans, on Gandalf’s website we find an example of a loan request for an amount of € 8,000 . Choosing a term of 48 months , the repayment installments will be from 191.38 euros , therefore rather affordable, with interest rates Tan 6.95% and Taeg 7.34% . As regards the consolidation of Gandalf loans, on the site we are presented with an example of a request for 11,000 euros , between loans received in the past and additional liquidity. In this case a repayment is chosen in 60 monthly installments of 217.55 euros , with interest rates of Tan 6.95% and Taeg of 7.30%.