Month: June 2019

Not all debit cards are the same: How to choose the one that will be beneficial to you personally

by admin

The main purpose of a debit bank card is clear to everyone. It was invented so that plastic owners could make non-cash payments. To increase the popularity of such products among the population, banks began to return to their owners a part of the amounts spent, to accrue bonus points and a percentage of the balance.

Leading banks in the country issue various debit cards that can meet the needs of certain categories of customers. Universal Bank clients will be able to choose a convenient plastic for themselves, depending on their habits, lifestyle and hobbies. Among the privileges provided by the bank, there are those that will be of interest to you personally. In this article we will present special offers of the bank for:

  • receiving passive income;
  • tourist trips abroad;
  • traveling by railways;
  • car lovers and delicious food;
  • young people with low incomes;

Universal Card: plastic for additional passive income

Universal Card: plastic for additional passive income

This product is addressed to those who want to “do nothing and at the same time make a profit.” The slogan of plastic: “The card works itself.” The holder of this card is simply calculated for her purchases. And the bank, in gratitude, charges cashback and interest on the account balance.

True, the classic Universal Card of the initial level is the most common card for making cashless payments, which does not provide the holder with any additional benefits. The benefit of its design is that it is absolutely free . The bank does not charge a fee for issuing or for servicing this card.


Free will and all payments made through the Internet bank “Universal-click” application and “Universal-Mobile”, including payment of utility bills. Recall that, for example, when paying for a communal flat through Sberbank-Online, the bank’s commission amounts to 1% of the payment. Provided that the utility payments of the Russians are about 5,000 rubles per month, then the savings from using the Universal Classic card are approximately 600 rubles per year.

The owner of this card will have to pay only if it:

  • wish to use sms-informing (59 rubles per month);
  • will withdraw cash from ATMs that are not owned by Universal Bank and partner organizations.

The Second product, “ Universal Gold Card ” (card with benefits), is plastic with conditionally free maintenance . The monthly subscription fee will not be charged if the cardholder purchases more than 10,000 rubles (or if the average monthly balance on his card account exceeds 30,000 rubles). If you buy food per family in supermarkets for a month and pay for them with plastic, then the first condition can be met without much difficulty. If standards are not met, the cost of monthly maintenance is 100 rubles.

What are the benefits of owning an Universal Gold Card? When spending on the same 10,000 rubles a month, all payments are charged with a cashback of 1.5%. If we draw a parallel with products, then a cashback of 1.5% for purchases in supermarkets is possible only when the maximum level of privileges is reached. To do this, 3 months in a row to perform on 6 different tasks. And the size of the standard cashback at Sberbank is 0.5%. And it is credited with points that can be spent only in partner stores.

Universal Bank’s cashback allows you to pay for any purchase if its value is less than the cashback size. Points are awarded until the 15th of the Second month. And if the user of Universal-Card Gold makes purchases in excess of 70,000 rubles per month, then the cashback value will be increased to 2%.

The second benefit of using the Golden Universal Card is the accrual of interest on the balance . For average buyers who spend on plastic a little more than 10,000 rubles per month, the reward will be symbolic (1%). But it is all the same the additional income, but not additional expenses. If the amount of purchases exceeds 70 000 rubles per month, the percentage of remuneration increases six times. It becomes equal to the standard percentage of the bank deposit.

The privileged product, Universal Card Premium , is an integral part of the package of services for customers with a higher level of income, Universal Premium.

The percentage of cashback and charges on the account balance on this card is the same as on the “golden plastic”. An additional benefit of the product is that the remuneration on the special savings deposit “Universal-Account” increases to 8%.

But the main thing is that the owners of Universal-Card Premium get access to the bank’s privileged services :

  • travel to the airport in a comfortable car;
  • travel insurance;
  • passage to the halls of airports of business class;
  • concierge service.

You can read more about the benefits of Universal Bank’s premium package of services here.

The package of privileged services presupposes the presence of several Universal-Kart Premium. Service of the first card for the owner is completely free . The cost of servicing all subsequent cards is 5,000 rubles each.

Universal Travel is a special plastic for travel lovers.

Universal Travel is a special plastic for travel lovers.

For owners of Universal Travel, plastic cash is not credited on miles, but on cash . These miles can be used to purchase tickets for any airline (1 mile = 1 ruble). The amount of remuneration will be higher: 2% when spending from 10 to 70 thousand rubles, 3% – when spending a large amount. If a tourist makes purchases on the travel.The amount of accrued remuneration can reach 9% . Miles received by the customer do not burn. When opening a card, 1,000 miles is credited to the account as a gift.


In addition, the bank has prepared for tourists – Universal Travel users additional special services (free or at a discount):

  • cash withdrawals at foreign ATMs;
  • insurance (including for lovers of extreme rest and strong drinks);
  • unlimited internet in the roaming zone;
  • luggage packing;
  • access to entertainment service Amediateka;
  • order a taxi business class;
  • access to airport lounges with increased comfort;
  • compensation for canceled or delayed flights;
  • Car rent;
  • personal assistant, able to arrange a meeting, purchase tickets, plan an excursion, book a tennis court or place in a restaurant.

In addition, a percentage of interest is added to the rest of the card account for travel lovers. Tariffs are similar to Universal Card Gold (they are standard for the bank).

Card service is conditionally free . The fee is not charged when making purchases in excess of 10 000 rubles per month. If you do not meet the requirements for service, you will need to pay 100 rubles a month.

Universal Travel also has a premium version of Universal Travel Premium . It is distinguished by more favorable conditions for accruing miles and a large amount of insurance premium. The first Universal Travel card in the premium package is free. The cost of servicing the rest is 5,000 rubles each.

“Cash Back” – plastic for car enthusiasts and restaurant regulars

"Cash Back" - plastic for car enthusiasts and restaurant regulars

Universal Bank “ Cash Back ” card holders have the opportunity to receive an increased cashback at gas stations, lunches in restaurants and other catering establishments. The average user who spends 10 to 70 thousand rubles a month on a card returns 5% when buying gasoline, 2.5% after paying bills at a cafe, and 0.5% in all other categories. For those who have spent an even larger amount during the month, the bank doubles the cashback for the Second period.


The maximum amount of money returned for cardholders can not exceed 15 thousand rubles per month (5 thousand rubles for one category). Exceptions are customers whose monthly expenses exceed 100 thousand rubles. For them, the threshold of restrictions rises to 21 thousand and 7 thousand rubles, respectively. The bank is ready to return up to 252 thousand rubles a year to this category of consumers.

The terms of interest on the balance of the account and free maintenance of this plastic are standard. They were described above.

For those who fly “Country” airplanes

For those who fly “Country” airplanes

What privileges do Country plastic holders get? For each 60 rubles (or 1 euro, 1 dollar) spent from the card , its owner is charged up to 1.5 miles (depending on the amount of spending). 1,000 gift miles will be credited to the account immediately after the first transaction.


The client can spend the received miles on the purchase of Country airline tickets and air carriers that are members of the group, as well as on improving the service class. Can be used when booking hotels, car rentals in companies – partners of the project. With a monthly spending on the card within 50 thousand rubles, the user can save up for a free ticket for the flight for 1 year.

In addition, the cardholders are provided with premium bank services . They are provided with:

  • more favorable conditions when making money on deposits and operations with foreign currency;
  • personal service in the bank offices.

The conditions for free maintenance of Country plastic are the same as for other types of cards.


THE GREAT COMPARISON: 4 vs. 10-year-old homeowner with credit

by admin

For years, the profession has been arguing that, for loans that are strategically linked to the loan, prepayment every 4 years is more profitable, or we can fund a 10-year housing contract in the hope that we can build the most stable construction possible (housing savings beside the loan)? The issue was absolutely justified in 2018, as the possibility of reducing state support for housing savings contracts is becoming more realistic nowadays, and the debate on changing interest rate versus long-term fixed interest rates is becoming increasingly acute. In this article, we are looking for an answer – guided by a model example – in which direction you should go and what risks you have to take in return!

The future of housing savings

The future of housing savings

Before we begin with the essence of the article (n), it is worth looking at the current and future situation of housing savings in Hungary. In short, the proportion of state aid in these contracts (30%) is by far the highest in Hungary than in the case of our regional neighbors. For example, the Austrians receive 1.5% state aid, but almost all (then 60% market coverage, but just over 15%) have this type of contract. We wouldn’t be surprised if they simply changed the terms of the housing savings.

Most likely modification suggestion:

  • Support would be 20% instead of 30%, which would still be the highest in the region
  • instead of 20,000 forints per month, you should set aside $ 30,000 for a maximum of $ 72,000

Take a floating rate loan or fix?

Take a floating rate loan or fix?

There are two important reasons why we cannot be smarter than the bank at variable interest rates:

  1. By the time we get to change the interest period in the loan agreement, the bank raised the interest by then. In addition, you get a free hand for a market loan. As a solution, we can consider a type of credit redemption (but it has hundreds of thousands of costs) with qualified consumer credit. But it should not be forgotten that in this case we can fix a higher priced interest.
  2. If interest rates rise, it always means a reduction in lending. If lending is reduced, less property is bought. As a result, we can witness a significant drop in prices or we may not find a buyer for months because our demand for solvency is becoming narrower.



A specific calculation

Based on the static example, the interest rate on the floating rate loan will remain in the next 4 years (2.23%). I then examined how the repayment of the floating rate loan and the total repayment are relative to the 10-year fixed rate qualified consumer friendly loan, if in the worst case the interest rate would be 8% in the last 6 years in case of variable interest (5%) rise in interest rates).

We can see that a 5% interest rate change from the fifth year would result in a 41% increase in our original repayment installment (variable interest rate), whereas this increase would be 10.2% compared to the initially higher fixed rate repayment. The equilibrium state, when we pay exactly the same amount, is 7.55% interest rate after 4 years for our floating rate loan.

In this example, our ultimate conclusion is that we can imagine a situation where, over the next 10 years, our variable interest rate will be higher than 7.55%?


Every 4 years or every 10 years, do we need to clean up our house loan?

Every 4 years or every 10 years, do we need to clean up our house loan?

Prepayment is always free of charge for a homeowner, as we assume you choose a Qualified Consumer Friendly Home loan



In the example, we expect a 4% interest rate, but it is very important to note that the interest rate of a ten-year fixed home loan (good real estate, high income) is 4.25% and the average is 4.6%, but 5 Interest rates of around 2.4% are now available. And if we give our head to changing interest rates, we can achieve interest rates of around 2.1% under similar conditions. In this case, however, there is a strong chance that the MNB will raise the central bank base rate in the coming years (they will warn 3% increase within 10 years) and drastically fluctuate our floating interest rate, even over 5%.

A 1% interest rate change for a HUF 15,000,000 loan (4% interest rate, 30-year maturity) means a monthly repayment increase of HUF 8,500. This means HUF 102,000 in one year and HUF 10m in 10 years.

In the case of a 2% interest rate change, the same loan will increase with a monthly repayment amount of HUF 17,000; in 10 years the difference would be HUF 2M.

We have to think very much about choosing a floating interest rate or a fixed rate loan!


1. Model (4-year LTP)

  1. Step

360 Snow – (Current Capital Debt): $ 15,000,000

To be paid to the Bank: HUF 71,612 / Snow (50 months)

4 LTP: 80.600 HUF (48 months) (4x 20,000 HUF deposit + 4 × 150 HUF administration fee)

Account opening fee for 4 LTPs: 4x 28,000 = HUF 112,000

Total: 152.212 (71 612 + 80 600) x 48 + 71.612 x 2 = $ 7,449,400

Note: Housing deposit allocation is 2 months, so two months after the 48th month, we still have to pay the normal installment to the bank before we prepay free of charge.

Current Capital Debt: 13.826.238 – (1.250.496 Ft x 4) = $ 8,824

New installment to the bank: 45 705 HUF / month


  1. Step

360 – 50 = 310 Snow – (current capital debt): $ 8,824.254

To be paid to the Bank: HUF 45,705 / Snow (50 months)

5 LTP (4x20e + 5e): $ 105.900 (48 months)

Account opening fee for 5 LTPs: 5x 28,000 + 7,000 = 147,000 HUF

Note: The complete construction may fail if, after 4 years, we do not have 5 “free tax numbers” for which we can make new home savings!

Total: 151.605 x 48 + 45.705 x 2 = $ 7.368.450

Current Capital Change: 7.939.513 – (1.250.496 Ft x 5 + 312.638) = 1.374.395 Ft


  1. Step

310 – 50 = 260 Snow – (current principal debt): 1.374.395 Ft

To be paid to Bank: HUF 7,912 / Snow (50 months)

1 pcs LTP: 20.150 Ft (48 months)

Account opening fee of 1 LTP: HUF 28,000

Total: 28.062 x 48 + 7.912 x 2 = $ 1,362,800

Capital Debt: 1.193.513 – (1.250.496 Ft) = -56.983 Ft


What’s This Total:

7 449 400 + 7 368 450 + 1 362 800 = 16 180 650 Ft – 56 983 (LTP overpayment) = HUF 16 123

+ account opening costs for LTP

16 123 667 + 287 000 = 16 410 667 forints


Model 2 (with 10-year LTP)

  1. Step

360 Snow – (Current Capital Debt): $ 15,000,000

To be paid to Bank: HUF 71,612 / Snow (up to 122 months)

4 LTPs: 75.600 Ft (for 120 months) (3x 20,000 + 1x 15,000 + 4×150 fort administrative fees)

4 pcs LTP account opening fee: 75,000 HUF (in action, otherwise 3x 76,000 HUF + 1x 57,000 HUF = 285,000, – instead)

Total: 147.212 x 120 + 71.612 x 2 = $ 17.655.440

Capital Debt: 11,753,046 – (3.135.630 Ft x 3 + $ 1,351,762) = -5,606 Ft


What’s This Total:

HUF 17,655.440 – HUF 5,606 (remaining amount after prepayment) = HUF 17,649,834

+ Costs:

  • Opening fees: $ 75,000

Total: 17.649.834 Ft + 75.000 Ft = 17.724.834 Ft

Deduct credit – interest on tax claim

by admin

The Germans like to borrow: From the smartphone on your own property to start-up everything is conveniently financed in installments. The enormous range of different forms of loan raises the question of the extent to which it is possible to sell a loan. Under certain conditions, the legislature allows to claim credit costs from the tax office. This applies above all to job-related investments, but also to expenses for the training and acquisition of real estate. But under what circumstances is it permissible to sell the loan? The Lending Guide gives tax tips.

Which costs can be deducted in which amount?

Which costs can be deducted in which amount?

Repayment and interest

Repayment and interest

Amortization does not constitute an income and is not taxed on lending. Therefore, the repayment can not be claimed as an expense . When it comes to being able to withdraw a loan, interest as a cost of money acquisition is only accepted under certain conditions by the Treasury. This is the case, for example, when the loan is used to earn permanent income . This means that a loan can be withdrawn if it serves to increase operating expenses or advertising costs.

Once a borrowed loan meets the criteria of an investment or working loan, it is possible to deduct the loan. The interest is taken into account in the tax return in order to reduce profits.

Business investments

There are several situations that require credit for a business. Especially in the start-up phase runs almost nothing without a loan. So-called working capital or investment loans are taken out to cover running costs in a company. Not only the interest rates are variable, but also the term. Once a borrowed loan meets the criteria of an investment or working loan, it is possible to deduct the loan. The interest is taken into account in the tax return in order to reduce profits . If a start-up buys a laptop or a smartphone on credit, the interest can be claimed for tax purposes . For this purpose, the loan agreement is to be set up so that the clerk at the tax office knows why the money was taken up. It is advisable to have the repayment amounts and the interest shown separately .

Car Loans

Car Loans

Many workers use their cars for their commute. Others want to avoid crowded trains and are considering taking out a car loan. The credit for a car can not be sold here. Because for employees, the tax office evaluates the work path as private . The situation is different for freelancers and self-employed people who work in the field. In this case, it is possible to claim the credit for tax purposes. In addition, the tax authorities allow the partial taxation of motor vehicle costs.

Second home

Second home

Many occupations require local flexibility from the employee. This may involve pursuing an activity far away from the actual center of life. If the distance is so great that it is no longer reasonable to drive home, most of them set up a second home. Furnishings and renovation of this domicile cost money. An employee may claim tax on this loan . It has to be considered that a secondary residence tax is due.

Loans for real estate and modernization

Who rents his property or uses his own company, can deduct the loan, or the loan interest. However, the loan must be explicitly taken out for the financing or modernization of this property . These interest flows into the operating costs or advertising costs and increase them accordingly. Here again a difference between the two cost points is to be considered. Business expenses are expenses that are caused by a business. Incentive expenses are expenses that an entrepreneur uses to secure, maintain and develop his or her acquisition. The loan can only be taken into account for tax purposes if, for example, new windows have to be installed in this property. This increases the value, which guarantees long-term rental income. The situation is somewhat different if the taxpayer lives in his own property and only leases parts of it. In this case, the loan can only be deducted pro rata . This also applies to a study located in a condominium. Interest that must be paid to finance, modernize or purchase the property will be credited according to use . If a study in a 100 square meter house has an area of ​​20 square meters, 20 percent of the credit costs can be claimed for tax purposes.

Office equipment

Office equipment

If an office equipment purchased, there is no reduction, because desk and office chair have the value that was paid for them. Over time, wear of these assets, which is associated with an impairment. This asset reduction can be tax deducted and deducted as business expenses or expenses . Depreciation takes into account the useful lives of the respective acquisition , irrespective of whether it was paid in full or with a loan. Every year, a portion of the purchase price can be claimed for tax purposes. If a purchase for the office has a useful life of five years, the costs can be deducted pro rata over these five years from the tax. If the investment is for two or seven years, this timeframe applies. If the total purchase price was less than 800 euros, the total amount can be stated once completely in the tax return. In order to find out which useful life a particular asset has, there are so-called depreciation tables. Afa stands for “deduction for wear” . These tables are not legally binding, but give a guide and are recognized by official bodies. The Federal Ministry of Finance provides the current depreciation tables

News about Loan for the Payment of Taxes

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3 essential expenses that we have to buy a motorhome in installments


The caravanning in Spain is in continuous boom, according to the white book of the caravanning in Spain, with a rate much higher than the rest of Europe. Currently, this country already has more than 145,000 vehicles in circulation, however, it could not …


The loans with mortgage guarantee, a good option to make profitable your inheritance


Receiving an inheritance in this country is not usually good news. And not only for the loss of a relative, but because when accepting it we will have to face the payment of the Inheritance Tax, competence of each autonomy. But if we take the dec …


Loans with mortgage guarantee: the fast way to get high amounts

Loans with mortgage guarantee: the fast way to get high amounts

The world of financing is very competitive. We can find everything, or almost. Fast, online, personal loans, consumer loans, mortgages … The variety is almost infinite. However, and as is logical, the difficulties to get credit grow …



The Supreme Court rejects: the banks will have to pay the IAJD of the mortgage expenses

The Supreme Court rejects: the banks will have to pay the IAJD of the mortgage expenses

New hit to the bank: the entities will have to pay the IAJD of the mortgage expenses. This has been ruled by the Supreme Court in a judgment made public today in which it denies its own decision issued on February 28 of this same year.



Are home equity loans an option to pay inheritance tax?

Are home equity loans an option to pay inheritance tax?

An issue that is usually always in the mouths of politicians is the issue of inheritance tax. Each autonomous community sets the figure charged for the transfer of inheritance and the differences are enormous. Sometimes, the quantities are so high …



What is the tax on banks? Could it affect you? We solve all doubts


Pedro Sánchez, the new president of the Government of Spain, is considering applying a new tax to Spanish banks. This initiative has been criticized by many and applauded by many others. But what exactly is the tax on banks? What do …


Enjoy life on two wheels with a motorcycle loan


Year after year, motorcycle sales increase in our country. The last two years were registered more than 150,000 new bikes, according to ANESDOR, the National Association of the Motor Sector. This trend places Spain as the European country with the most …



The most flexible car loans to finance your new vehicle

The most flexible car loans to finance your new vehicle

According to the data published by the Tax Agency, the average cost of vehicles in 2016 in Spain was set at 16,505 euros, without the addition of the registration tax. It is a fairly high amount, above all, …



Inherit with the loans with mortgage guarantee to face the Inheritance Tax


Today, inheriting is expensive. During the past year almost 39,000 inheritances were rejected, according to the data of the General Council of Notaries, 3% more than in 2015 and 67% more than in 2012, when the crisis was in its heyday …



Apply for a loan to pay the tax costs of an inheritance, is it a good idea?

Apply for a <a href=loan to pay the tax costs of an inheritance, is it a good idea?" />


Receiving an inheritance, in principle, should not be any good news, since they imply that we have lost someone close to us. In addition, sometimes, the costs that we must pay to receive it can be of a very high amount. Of he …




by admin


 The “Personal Cash Account Payday Loan” is a personal loan solution for anyone who wants quick cash with excellent, no-bureaucratic interest rates. CAIXA’s personal credit modality was created with the initiative to reduce the fees that the institution presented to Brazil in 2012, since then, Brazilian citizens have the opportunity to obtain cash resources with even better possibilities.

The new line of credit is directed to assist in the organization of personal finances and the containment of debts with more expensive rates, if you are owed on the credit card for example, the hiring is valid. The Salary Account Personal Credit (CDC Salary Account) is part of the CAIXA Best Credit Program and fees for this operation start at 1.80% per month.

As the name itself gives us the idea of ​​what it is, the new personal credit of CAIXA was created for those who receive salary through a checking account of CAIXA. The money released is fast and without bureaucracy, it can be used the way you want without the need to inform the bank.

For those who need money and do not want to pay high rates on other types of loans, Personal Credit Account Wage offers interest from 1.80% for loan financed in up to six installments. From six installments the interest on the operation of Personal credit installments rises to from 2.39% per month.

The request has a simplified process, with only a few actions, the CAIXA client gets the credit in the account quickly, the limit depends on the customer, the loan is pre-approved and can be contracted with the ease of access to the Internet Banking CAIXA, in the terminals Self-service or in one of the thousands of CAIXA agencies.

The repayment of the loan is done in monthly installments directly debited on the salary account, on the day of payment, we could even call the operation “payday loan” or “payday loan”.

With the slogan “Who sends your salary is You” CAIXA favors the portability of a bank account for those who still do not receive their salary from CAIXA, the client who wishes can do the Automatic Transfer of Salary to CAIXA to enjoy the benefits of the Program.

To apply for a salary transfer simply go to the branch office of your bank with the appropriate form, download here: Salary Transfer Request Form and delivered there. Your bank will automatically transfer your salary to CAIXA on the “day of your payment” without charging any fee for it.

Unpaid Account Transfer Wage

Unpaid Account Transfer Wage

Currently workers hired by the CLT regime, that is, with a formal contract and civil servants from all walks of life can also choose to have a salary account . This “salary account” is advantageous for those who already have a bank account, but must open another in a different institution only to receive the salary paid by the company or public body. If the citizen opens a salary account, you can transfer the amount received without paying a fee.