Loan for a construction plot – buying a plot step by step

To start building a house, you must first work a lot looking for the right plot. It should meet your requirements as to the location of the terrain, neighborhood, size as well as financial possibilities.

The key issue is also the type and purpose of the plot and whether it is possible to credit for its purchase. What is the process of land selection and purchase, as well as applying for external financing?

What plot should you choose?

Before choosing a plot, you should determine if you will need additional funding to buy it. The status of the land will determine whether you can credit it, and whether and what type of development is possible on it.

If you want to build a house, you should look for land for housing purposes. According to the provisions of the Construction Law, land for the construction of a residential building is considered as land on which, according to the law in force at the time of purchase, a residential property can be built.

The easiest, but also the most expensive solution is to buy a construction plot . What do we call such soil?

In the case of a construction plot, you will not have to go through any additional formalities, as banks honor this type of land when applying for a mortgage. In the local land use plan it will be marked with the symbols:

  • MN – single-family housing development areas,
  • MW – multi-family residential development areas,
  • U – service development areas.

You will also get external financing by buying a housing estate .

For this type of plot, financing may be a little harder than for a construction plot. Not all banks offer loans for such land. In addition, additional forms of credit collateral are often required.

Can I buy an agricultural plot on credit?

Can I buy an agricultural plot on credit?

Agricultural plots – land that is or can be used for farming – are less expensive than construction. That is why some people wonder if it is possible to buy such land and build a house on it.

Of course this is possible, but you need to carefully check what the purpose of the land and its class are. You will verify this in your local spatial development plan, as well as in an extract and an excerpt from the land register .

Who can buy an agricultural plot?

An important aspect when choosing an agricultural plot is also its size, and whether you are a farmer or not. On June 26, 2019, the amendment to the Act on shaping the agricultural system entered into force . Since then, if you are not a farmer, you can purchase an arable plot of land with a maximum area of ​​1 hectare.

The new regulations say that land larger than a hectare can be sold to a non-farmer only if there is no farmer who will be interested in purchasing the land and the director of the National Agricultural Support Center agrees in the form of an administrative decision. Banks are still cautious about financing such plots, so you may have trouble getting a loan for this type of property.

Borrow money directly

Do you want to borrow money immediately? Then you have to find the right way to do this. You can consider options such as a personal account, revolving credit, a mini loan or a credit card. If you are well informed and have a good overview of all loan forms, interest rates and general terms and conditions, you are already one step ahead. Compare them separately, request more than one quote and then make the decision!

What suits you best?

What suits you best?

This is not about your brother, sister or brother-in-law; you are the one who must make important decisions about your future. It is therefore important to choose a loan type that suits you. The four loan forms are: a personal loan, revolving credit, a mini loan and a credit card. Think in advance how large the amount is that you want to borrow. Is it an amount up to 5,000 USD or more than 25,000 USD?

Compare, compare, compare


Despite the fact that there are multiple agencies that do the work for you and compare multiple providers, your personal situation is nevertheless unique. This means that the interest here – just like the highest on the amount that you will ultimately borrow – is dependent. It is also checked whether you are registered with the BKR and your life course.

Borrow personal loan for direct money

Borrow personal <a href=loan for direct money ” />

If you opt for a personal loan, this is a fixed amount that you must pay off each month. The term and interest are agreed in advance. An advantage of a personal loan is that the interest is higher than with a revolving credit. If you want to borrow a large amount in one go, you are best off with a personal account. A personal account is therefore a good option for borrowing money directly.

Revolving credit

Revolving credit

With a revolving credit you can borrow in a flexible way. A revolving credit system uses a predetermined maximum amount. You pay when you have withdrawn the money. You are then talking about a fixed percentage of around 2%. The interest rate is not fixed in advance – it varies per loan limit. The advantage of a revolving credit is that you can borrow more flexibly. The rate to be paid is also lower.

Mini Loan

Mini Loan

Are you taking out a mini loan? Then you can quickly expect the amount in your account. The only disadvantage of the mini loan is that you (as the name suggests) can borrow a modest amount (usually up to 750 USD). What else you need to know: your BKR is not tested and you are dealing with higher interest rates than with a mini-loan. In addition, the mini loan must be repaid within a certain number of days (usually 30).

A credit card

A credit card

Do you want to request a credit card? With this you can easily withdraw money and you can pay without any problems, up to the credit limit attached to it. Everything you buy with the credit card, you pay once a month. If you do not have the money for a while, a credit starts to run, which you can repay as a revolving credit.

Request a quote for borrowing money directly

Request a quote for borrowing money directly

If you want to compare several proposals with each other, and ultimately end up with the best offer, requesting different offers is a step that you cannot skip. Things that you must register as plus points are: an attractive interest rate in combination with good conditions. If possible, also discuss this with people you trust in your immediate environment.

Immediately transfer the money to your account when borrowing money

Immediately transfer the money to your account when borrowing money

If you apply for a personal loan or revolving credit, the BKR first tests how creditworthy you are. Once you have been approved, you will receive a loan. If you do not pass the inspection, this is probably due to your negative BKR coding. Expect that this negative code will also make it difficult for you to borrow money from other providers. In such cases, it is a good idea to start a conversation with your bank and possibly get the help of a professional.

If you still want money in your account with BKR, it is better to opt for a mini loan or microcredit. These loans have a limit on the amount. The sums of money are deposited into your account quickly. Note: the interest on mini loans and microcredit is often a lot higher than with other loans. It is therefore best to take a mini loan if you want to have the money in your account as quickly as possible and you can afford this due to your personal circumstances.

5 keys to not get into debt with mini credits

Today I want to talk about mini-credits , a financial product that does not take too much time with us, that many people are still not clear about its operation and that it is important to know why they are increasingly on everyone’s lips.

A product that has very clear dangers but that well used can solve certain specific economic troubles

debt loan

To avoid these dangers of indebtedness and know how to use them better than the tips and tricks of one of the leading companies in the sector such as PepeDinero.

And that is what you will find next. A series of tips for you to know when you can and when you can not request a mini-loan and you have to do to never get into debt.

Since the mini loans were born, more and more people are choosing this financing system when they need urgent money instead of going through the bank window.

And it is that mini credits offer many advantages: they are fast, easy to hire, they ask for much less requirements than banks, they can be requested anywhere, anytime …

However, one of its big cons is that they are expensive and that, in addition, they have a great risk of over-indebtedness .

Responsibly used mini loans are a good financing system to get extra money for specific unforeseen expenses. However, if we misuse them we can end up enrolled in ASNEF or even in judicial proceedings.

5 keys to use mini credits and enjoy money without taking risks

5 keys to use mini credits and enjoy money without taking risks

1. Ask for just the exact amount of money you will need : The more money you ask, the more you will pay. Most mini loan companies allow you to contract a new loan once we have paid the first one.

Therefore, it is best to ask for the minimum amount of money possible and, if you need a new loan, repay the first one and request another one.

2. Approximate the expiration date at the time you charge : Before requesting a mini credit it is important to plan and make sure that we will not exceed the repayment term.

If we do not pay on time, the lenders will start to apply commissions and the credit can end up being very expensive.

Some companies such as PepeDinero offer the hiring of extensions to be able to extend the term.

3. Do not chain mini credits : Although, as we have already indicated, it is usually possible to contract a new mini loan once you have paid the first one, it is not the most recommended practice.

The mini credits are designed to be used in a timely manner to cover unforeseen expenses, but they are not designed as a source of recurring financing. The more mini loans we ask for, the higher the risk of over-borrowing.

4. Compare : Almost all mini-loan companies have similar performances, but not all of them have the same prices.

Many companies offer discounts, attractive prices and even free credits to attract new customers.

Compare and take advantage of offers to save the most .

5. Contact your lender : Extensions, free early repayments … Many lenders offer facilities to their clients to avoid over-borrowing. If you have any questions or have had any problem with your mini credit and you are not going to pay it in the agreed term, contact your lender and look for solutions.

Although mini loans are relatively simple financial products, since they usually only charge interest and do not apply commissions or require the contracting of related products, as in any other type of loan, it is important to read the contract well and make sure you have understood All terms before applying for the loan .

What happens if I don’t pay my mini loan?

What happens if I don

Although each company has its methods, in general most follow a similar process in case of default:

1. If the due date has arrived and you have not yet paid, you will be contacted by phone / e-mail to remind you of the payment.

2. They will start charging you late payment interest.

3. If you still do not pay, from the 2nd installment you will be included in a list of delinquents such as ASNEF or RAI.

The most advisable thing is to resolve the debt as soon as possible since the interest of late payment will increase the credit more and more and, while we are in ASNEF, we will not be able to access the traditional bank credit.

If we begin to accumulate debt we may even end up in legal proceedings. Therefore, before hiring a mini loan it is vital to make sure that we will be able to pay it on time.

Switching banks can be easy

When was the last time you changed your phone operator? What about a bank?

Probably most have switched to telecom operators more often than to their bank. Finns are notoriously quick to change their bank , and it has not always been made easy for customers.

However, loyalty is not worthwhile in this regard, and it is worth comparing the options carefully, as with all other products and services. Banks are not a special case.

Banks actually rely on people not changing banks or comparing products, even though comparing bank loans , for example, is worthwhile . The critical deals, comparative and competitive consumers will receive the best deals.

The consumer should bear in mind that centralization can bring benefits. 

Because people do not compare but remain clients of the same bank for life, there is no need to reward loyal customers to the extent that banking loyalty would pay off.

Changing your bank is easy to follow


Especially recently, Finns have been hearing a lot of news from the banking world, some of which has been pleasant and some has not. However, taking the next step, changing your bank instead of complaining, is often perceived as overwhelming.


Firstly, the transfer of basic banking services (such as an account) is free and there is a time limit of seven banking days for transfers. So switching a bank can also be really easy with a little preparation. We have instructions for changing your bank, whether you did it yourself or let the bank handle it for you. Both succeed!

  1. Do research, compare banks and their product range and services, and choose the one that suits you best. Who has the best credit card or customer service for your situation? Think about what services you want to associate with your account. Do you also want to transfer your loans and savings? Often the whole package is moved.
  2. Make a power of attorney authorizing the new bank to complete the change. The credentials will provide the account numbers you wish to transfer to the new bank. You can also authorize the bank to close your old account. Do not do this too quickly, as the transfer of direct debit information is not always at your fingertips.
  3. At this point, the issue is settled between the banks. They exchange information (including lists of regular payments to be made from accounts named in the proxy).
  4. Make a receipt for e-invoices in your new online bank.
  5. Some banks also take care of providing the new account number on behalf of the customer, for example to the tax authorities and the payer.

What do the banks not do for the customer?

  • Possible SEPA direct debits (Single Euro Payments Area) must be transferred by the customer. SEPA is a direct debit service for euro invoices in the euro payments area, which is rare in Finland.
  • Archived data will not be transferred. For example, you might want to print or save online statements.
  • E-invoices do not move from one bank to another.
  • The bank usually provides instructions on how to deal with these cases.

This is how you change your bank yourself

This is how you change your bank yourself

  1. Do research, compare banks and their product range and services, and choose the one that suits you best. Who has the best credit card or customer service for your situation? Think about what services you want to associate with your account. Do you also want to transfer your loans and savings? Often the whole package is moved.
  2. You will receive a new account number and debit cards. Discard old payment cards only after you have received new ones.
  3. Receive e-invoice receipt notifications in your new online bank
  4. Tell everyone who pays for your account your new account number and bank connection. Such benefits include salary, tax refunds or pension. So remember to tell your tax authorities or your employer!
  5. Also inform those you pay for. If you receive e-invoices or have a direct debit agreement, please let them know your new account number. Some banks like Nordea also transfer direct debits and recurring payments.
  6. Don’t close your old account right away as it can take time for your bank to transfer.

New bank, new account number – at least not yet

New bank, new account number - at least not yet

The customer still receives a new account number when switching banks, but this may change within a few years from the EU. In this sense, switching banks is still a very similar process to switching from a telecommunications operator years ago, when switching also meant a new number.

As long as banking comparisons and competitive tendering become as commonplace as telecoms operators, it will certainly become even simpler! We help you with bigger and smaller financial issues by comparing bank loans and credit cards for you.

Benefits of Applying for a Marketplace Loan

When asking for a loan, many users think of banks or financial institutions. But … do you know all the benefits of asking for a loan in a marketplace ? In this article we collect the main ones.


Advantages of asking for a loan in a marketplace

Once you understand the meaning of a marketplace, it is common to have doubts about whether or not to ask for a loan in a marketplace .

And when talking about marketplaces, we refer to the platforms that put buyers in contact with sellers. They can be marketplaces of products, services, jobs or other types.

In the case of Jerald Orich, we are a findtech company. We take care of comparing and negotiating the best loans of the top entities and we offer them to our users, in order to get the maximum amount of money and at the minimum possible interest.

But now, what are the main advantages of applying for a loan in a marketplace? We highlight the following:


The best possible conditions

credit condition

In Jerald Orich we search, compare and negotiate with the main financial institutions, in order to get you the best loans and credit cards. We offer you many more options than traditional banking, because at all times we will put in tray the option with the lowest interest in the market.


New sales channel

The marketplace is a new sales channel for users. A new alternative to consider to consider this type of financial products.


Independent service

Personalized loan adapted to you

Jerald Orich Loans is an independent service. We will offer our users the best offer of all our collaborators, so that we only win if you win. We are totally transparent.


Personalized loan adapted to you

Another of the benefits of requesting a loan in a marketplace is the customization and adaptability of the product. In the case of Jerald Orich, through our app you will have a FinScore that allows you to calculate your financial capacity. Based on this we can offer you the best loan, responsibly.


100% online service


One of the main benefits of marketplace such as Jerald Orich, is that we offer a completely online loan service . The process is totally fast and simple, without paperwork and without payroll.


Fast, in less than 24 hours

Getting a loan at Jerald Orich is fast, in less than 24 hours . It is perfect for you if you need to have an immediate amount of money, in order to cover a hole or face any unforeseen event.


A growing community

A growing community

Another advantage of hiring a loan from a marketplace is that it is a booming sector. In the case of Jerald Orich, it is a constantly growing community. We are more than 500,000 users and 97% would request a loan with us again.

Advantages of online personal payday loans this 2019

Asking for a personal payday loan is an increasingly common gesture, especially for all its advantages. But … do you know them? Next, we tell you what are the main advantages of applying for a personal payday loan in 2019.

Advantages of applying for a personal payday loan in 2019

Advantages of applying for a personal loan in 2019

Loans are more the order of the day than ever, since there are many reasons why we might need to resort to one: the payment of some studies, the purchase of a car, a trip, a wedding, a dental treatment, etc. .

They can come in handy to cover many holes and to deal with unforeseen events. So these are the great advantages of asking for a loan this year:

Money instantly without changing banks

Enjoy the best conditions on your loan without changing banks. Traditional banks for their part usually put obstacles, so if you do it online through a fintech company like Ophelia, you will not have to change entities.

Without paperwork

Without paperwork


Easy to meet requirements

Another advantage of applying for a loan at the present time, is that the requirements are more accessible than years ago and through conventional means (banks).

What requirements are we talking about? Be 18 years old, reside in Spain, have a valid ID, be a bank account holder and prove the level of income in some way (in the case of Ophelia, just connect your accounts to the app).

Make your dreams and goals come true

Through a personal payday loan in 2019 you can make all your dreams come true, your goals, undertake … In short, what do you want. Because money will be yours to spend on your honeymoon trip, to improve your training, to buy a car, etc. Do not put on barriers.

Skip the line in less than 24 hours

Since you process your application online, in less than 24 hours you will have the money you need in your bank account. And all this without queues, without waiting … is one of the great advantages of applying for a loan today, in full 2019.

How to apply for a personal payday loan in 2019?

How to apply for a personal loan in 2019?

If this is the first time you have asked yourself this question, you may not know where to look. Or it may be that you have gone to your bank and the conditions are not too attractive. Therefore, the best thing you can do is take a look at the loan simulator that you will find on the Ophelia website.

What do we propose? A loan of up to 40,000 euros to be repaid in comfortable installments, based on your FinScore (financial capacity).

You just have to tell us that you need this personal payday loan so that we can contact the collaborating financial institutions and thus offer the best possible conditions. A fully customized loan for you.

It is an increasingly common process. So if you need extra money to make any of your dreams come true, what are you waiting for to make the leap? Your FinScore will determine how much you can order and under what conditions, so you can order it safely and you can pay it without problems