Credit Cards

With the Basis credit card you have your expenses under control

The credit card is a practical means of payment for your trips abroad and for purchases on the Internet. Our credit card base offers you all the advantages of a credit card. It also prevents your account from falling into the red.

Credit cards have been available at the savings banks for many decades. Most of them work on this principle: First you pay the bill. The amount will then be debited from your account. This is usually done once a month by direct debit. With the credit card basis it is the other way round: you load the amount of money of your choice onto the card. As soon as the money is credited to the credit card base, you can start shopping with it. Once this credit has been used up, no further withdrawals with the card are possible. This makes the credit card basis particularly suitable for young people and adults who otherwise cannot get a credit card or who are very security-oriented.


The advantages of the credit card base

The advantages of the credit card base

  • Convenient cashless payment with all the advantages of a credit card
  • Suitable for withdrawing money from ATMs worldwide
  • Full cost control, as dispositions are only possible within the framework of the previously deposited credit
  • Convenient access to balance, sales and monthly statements via the Internet, bank statement printer or telephone hotline


No proof of creditworthiness and income required

No proof of creditworthiness and income required

Young people often do not have regular incoming payments on their accounts. The credit card basis is an interesting solution for you, because it is independent of income. Even adults who do not receive a credit card with credit lines due to a lack of creditworthiness can pay with the rechargeable credit card. It may happen that the credit for due bookings (for example at parking machines or toll stations) is sometimes not sufficient. Then these amounts will be debited to the specified billing account.


Reloading on the go

Reloading on the go

You can top up the basic credit card by bank transfer or standing order from your checking account. This also works when you are traveling and can access your account on the go. Amounts received on the credit card account by 3:30 p.m. will be available the next working day. Credit notes can also come from a third-party checking account. For example, this enables parents to support their children financially during their studies or while traveling.


Protected in the event of loss

Protected in the event of loss

If the card is lost or stolen, the loss is no more than the credit. In such a case, have the card blocked immediately by calling the free telephone hotline. This number also applies from abroad with the German area code (usually +49). Until blocked, you are liable for a maximum of 50 euros – as with all other Smacklend credit cards.

Mortgage Loans

Mortgage Loans & Home Financing

There are different types of loans for mortgage loans: repayment loans, maturity loans and annuity loans. The purchase of a condominium or a house, including the construction of a house, is known to involve great financial resources. In this respect you can not avoid getting real estate financing. Real estate finance is also known under the name of construction finance and is actually the typical way to get the desired home. If you want to implement the project of building finance, you can’t avoid comparing different offers – this also includes considering different forms of financing. For example, some forms of credit are available to consumers for such large-scale financing as that of a house. Anyone who has signed a home savingscontract is already on the right path, which can be used to finance the house, as well as a home loan.


The mortgage loan to finance the property

The mortgage loan to finance the property

If you have mortgage lending in mind, you will most likely not be able to avoid a mortgage loan. A mortgage loan is granted by many banks – but one thing should not be forgotten: The mortgage loan is not an alternative to mortgage lending, it is an almost indispensable part of almost every mortgage lending. There are a few important things about a mortgage loan that you as a potential borrower should know and know in advance: The mortgage loan comes in three versions, so to speak, as a repayment loan, as an annuity loan and as a final loan. To say something about all three in advance: Each of the mortgage loans must be secured and, as is customary with real estate, with a mortgage.


Mortgage Loan – Repayment Loan

Mortgage Loan - Repayment Loan

A repayment loan means that the repayment does not change during the entire term. In the repayment phase, you always pay the same amount to repay the loan. However, the interest rate on the repayment loan changes in that the interest component falls. In a nutshell, this means that the more time passes with the repayment loan, the less you pay – the overall rate drops. However, it is now the case that a repayment loan is no longer offered by the banks and that borrowers also use the annuity loan and the final loan much more.


Mortgage Loan – Final Loan

Mortgage Loan - Final Loan

As the name of the final loan suggests, the loan amount only has to be repaid at the end of the term. During the term, the borrower only pays the interest, so that in the end only the current loan amount has to be repaid. However, the final loan also means that the borrower has to save during the term so that he can repay the loan. The thing is that with the final loan: If the loan is due, it must also be repaid in one sum.


Mortgage Loan – Annuity Loan

Mortgage Loan - Annuity Loan

The most used type of mortgage loan by borrowers is the annuity loan. The annuity loan is like a normal loan in terms of repayment. The monthly repayment installments consist of part of the interest and part of the loan amount to be repaid. The repayment rates do not change during the repayment period, you will always pay a fixed amount. It is important to know here that the monthly installments do not change, but the interest portion continues to decrease in the course of the repayment, but the portion of the repayment of the loan amount increases. The whole thing is offset against each other and so a stable repayment rate is the bottom line.

First Credit

My first credit: what works – and what doesn’t

My first loan from 18 – and sometimes earlier Anyone who is 18 years of age or older – is “ creditworthy ”. In other words, he can apply for his own loan from a bank or savings bank. However, there are sometimes exceptions: At least small loans, for example, also exist for minors – ie from the age of 14 – but only with the consent AND liability of the parents OR with a regular own income. However, banks have a special duty of care among young people. You have to check the loan request carefully or get the consent of your parents.


“Youth loans” – the exceptions without income

youth loans

However, there are loans for young people without their own income . Namely, when the parents are ready to act as guarantors, for example, and thus absorb the bank’s risk of default. This means that a small condominium, moped or hi-fi system does not have to remain a dream for a minor.

Student or apprentice loans are also granted in this way. With your parents behind you, you can secure your future career at work. Banks are usually generous here, as they have a clear view of future potential savers and borrowers: “Bank loyalty or customer loyalty” is also called in German.

Another alternative for young people without a fixed monthly allowance is the credit from family or friends. Without a fixed private loan agreement with clear repayment modalities, however, this should not expire to prevent difficulties.


Loans for young people – you should know these no-go’s

Loans for young people - you should know these no-go

  • No credit for pure pleasure
  • No credit without a realistic budget plan
  • Never overdraw the account for a loan
  • Always have a nest egg
  • No credit from a dubious provider


Checklist for the first own loan

Checklist for the first own loan

However, anyone who is of legal age, has a fixed monthly income and a permanent employment contract usually gets a loan from every bank. But you should prepare well before you take out your first loan. You have to pay attention to this:

  • Draws up a precise financial plan with all income and expenses. So you can quickly see how much credit is in the month.
  • Find out about all the peculiarities of a loan, ie which loan it is (eg consumer loan, real estate financing or car loan).
  • Pay close attention to the effective interest rate, ie what the loan really costs you per month.
  • Find out about the term, required collateral, your own credit rating and the possibility of a fixed loan interest.
  • Study the bank’s loan agreement carefully before you sign it: all standard information, the repayment schedule, rules on special repayments, late payments, etc.
  • If necessary, prepare yourself well for the loan discussion at your bank and make the most professional impression possible.
  • And: Compare the individual loan offers beforehand, ideally with loan calculators on the Internet!
Corporate Finance Difficulties

Corporate finance difficulties – They relies on loan

More and more companies are struggling with their own financing. Financial support through debt capital, ie general capital raising, is a major challenge in corporate financing. It can quickly become a liquidity bottleneck. The consequences can be the reorganization of the company or the financing of growth.

Here, liquidity is crucial for a company. Without corporate financing, no liquidity can be generated for companies. Debt financing is therefore almost indispensable for a company. But expansion banks do not always play a part in corporate financing. However, corporate financing does not only include the liquidity of a company, it is the goal! The question arises about the means of corporate finance and how easy it is to obtain liquidity for companies.


Reorganization of companies – corporate financing through financial injection

work loans

When the bankruptcy vulture circles over a larger company, you even hear about it in the daily press. Politicians also speak of possible renovations and the hoped-for financial injection. This problem is often homemade. Insufficient company financing leads to a liquidity bottleneck. The company relies on a loan. However, if the corporate financing is unsuccessful and the required injection of funds is rejected by the bank, the company can quickly be restructured. To reorganize the company, you need one thing: money – and where do you get it from if the bank has already refused to finance the company? Refurbishing a company is not an easy task. And even if successful, crisis management must continue. In turn, borrowing in some form is required for the renovation. Corporate finance in the event of acrisis and raising capital when reorganizing a company is a tedious and difficult undertaking that you should seek advice from professionals.


Growth finance – corporate finance, alternative to development bank

Growth finance - corporate finance, alternative to development bank

But it is not only when a company is restructured that corporate financing through a financial injection is difficult. Companies also find it difficult to finance growth, for example, because a development bank, ie a promotional bank, cannot be found or the development bank does not keep up with growth financing. The company also needs liquidity in the form of outside capital for this type of corporate financing.

Since the liquidity of small and medium-sized companies is often not sufficient to finance growth, a financial injection from a development bank is required. It often fails because the development bank sees too great a risk in financing the company’s liquidity through external financing. Financing for growth would be an important part of corporate finance for a company. Nevertheless, the build-up banks are at a cross. How should you proceed with growth financing? With growth financing in particular, one should look around for alternative company financing in order to improve the company’s liquidity.