Connect with us

Jobs

Applying For A Business, Mortgage Loan In Norway From $100,000 USD – $350,000 – See Requirements

In a start-up and growth phase, many companies need to know about the conditions they must meet in order to be granted a loan or credit.

Published

on

loans in Norway and how to get them

In a start-up and growth phase, many companies need to know about the conditions they must meet in order to be granted a loan or credit. When issuing a loan, banks are primarily interested in two things: (1) the company’s debt servicing capacity and (2) adequate collateral if the company fails to service its debt. In addition, the bank needs to know as much as possible about the project for which the loan is required.

Payment ability
In order to obtain a loan, the bank must feel confident that it will be repaid. A company’s payment ability, i.e. debt servicing capacity, is dependent on the amount of cash, or easily accessible funds, it has at its disposal. The bank will therefore ask about the company’s current liquidity position, as well as about its cash flow prospects.
Collateral

In general, collateral represents assets which the lender is entitled to repossess if the borrower fails to repay the loan. There are many types of collateral, ranging from company assets to sureties and real estate. Contact your bank to check what kind of collateral could be relevant for your company.

Two tips to improve your company’s debt servicing capacity

1. Monitor your cash flows
Monitor your cash flows and make sure that payment dates are observed. It is also important to improve the quality of your cash flows. For example, if your company has only a few customers, it will be more vulnerable if your customers experience payment problems. In such cases, it might be wise to consider insuring your accounts receivable.

2. Consider factoring or overdraft facilities
A number of companies experience liquidity problems because they have to pay suppliers before they receive payments from their customers. However, the accounts receivable from customers have a value and can be sold. This is called factoring and can help ensure that your company receives money owed even if your customers are unable to pay. For example, your company can use the accounts receivable from customers as security for an overdraft facility. Factoring is the best solution to ensure swift access to money.

An overdraft facility is a line of credit linked to a corporate account. Companies can draw on the credit line up to the agreed amount. It is important to make sure that the limit is high enough. If your company experiences times with lower-than-normal income levels or if something goes wrong, it is vital to have access to enough money.

Use your bank’s expertise
In periods of tight liquidity, there are various solutions to improve your cash flow. Your bank can offer cash flow advice for your company and has the necessary tools to help you.
The bank assesses all loan applications individually. Thus. it is important to have a good business plan which includes a budget and a description of who will do what, where and why.

Consumer loans
A consumer loan can be suitable if you have a regular income and need money for a short period. Apply by using the Norwegian online application form.

Consumer loan
A consumer loan provides you with a loan of maximum NOK 250 000, and requires no collateral. The loan has a repaymentplan that runs over five years, but a shorter repayment periode can be arranged. Currently the online application is only avaliable in Norwegian.
Interest rate
Eff. interest rate 14,24 %.
Up front fee NOK 500.
A consumer loan is suitable if you:
Need additional money for a short period
Have a regular income
Are over 23 years old
…and not suitable if you:

Have trouble handling your personal finances
Are unsure whether you will be able to repay the loan
Have had trouble with repaying loans earlier
Price example
Loan amount NOK 65 000, repayment period: 5 years,. Nominal interest rate: 12.00%, effective interest rate: 14.24%, front-end fee: NOK 500. Total cost: NOK 89 521 as 04.september 2018, subject to change.
Ordinary car loan Norway
Illustrasjon

You may apply for a pre-qualification letter which is valid for three months.

DNB’s car loans offer:
A repayment period of up to ten years
Up to 100 % financing
The opportunity to receive a pre-qualification letter valid for three months
Security against encumbrances
The opportunity to receive eInvoices
Price example ordinary car loan In Norway
Conditional on 35 % own capital:
Loan amount NOK 150 000
Repayment period: 5 year
Nominal interest rate: 3.40 %
Effective interest rate: 4.97 %
Front-end fee: NOK 2160
Total cost: NOK 169 275
If you need more information and help, do not hesitate to call us on 915 04 800.

Other types of car loans:
Secure Car loan
Green Car loan
Car loan for young adults
Home mortgage
par i bolig

Are you wondering how much you can borrow to buy a home? Apply for a pre-qualification letter to make sure that the financing is in order before you bid for your new home.

Advantages by having a pre-qualification letter
You will know how much you can borrow
You can feel confident that your financing is in order
The pre-qualification letter is valid for three months
The pre-qualification letter can be renewed as and when required

Ike Ani is a Freelance writer whose quest constantly is to relate happenings around the world to human daily living. He's also a song writer and singer, Acoustic Guitarist, and Teacher.

Click to comment

Leave a Reply

Jobs

JOBS: Client Service Executive Needed At Canada – Insurance |APPLY NOW

A client service executive is needed at Canada-Insurance company . If you are qualified, you can go ahead and read the requirements below and apply as fast as possible.

Published

on

By

Document controller jobs in UAE

A client service executive is needed at Canada-Insurance company . If you are qualified, you can go ahead and read the requirements below and apply as fast as possible.

Responsibilities
• Market Leadership: creates sales strategies and plan for the Senior Client Partners review and for its incorporation into the broader client strategy and plan.
• Relationship Management: executes and manages the account plan under the guidance of the Client Partner. Invests time in strengthening existing client relationships. Participates in reviews and provides educated and relevant perspectives
• Business Development: responds to and deliver on client requests; responds to RFP?s. Identifies opportunities, makes proactive proposals to client in line with account strategy. Obtains the approvals to pursue opportunities. Engage the relevant team for solutions.
• In collaboration with Insurance vertical team and or other horizontals:
• Proactively propose/recommend solutions that are aligned with business priorities, receive buy-in and are delivered effectively and efficiently.
• Identify short-term change initiatives (?quick wins?) in close cooperation with business and technology leadership, in order to help bolster long term partnership
• Responsible for the day-to-day management of overall relationships in his/her area, program risks, issues, conflicts, priorities, communications ensuring the delivery of new capabilities.

The individual needs to have had a strong pedigree of managing similar relationships and having grown them in previous roles.
• Drive net new revenue and profitable growth of the account relationship.
• Review the performance metrics of the account with the delivery, operations and finance teams on regular basis.
• Be part of senior management reviews for the performance metrics of the account relationship.
• Collaborate with multiple service lines, innovation teams and business teams in Cognizant to formulate a business plan and execute it for the account relationship.
• Respond to and deliver on client requests; responds to large RFP?s by working with Senior Client Partner and other service line leads.
• Identifies opportunities, makes proactive proposals to client in line with account strategy. Obtains the approvals to pursue opportunities. Engage the relevant team for solutions.
• Have regular meetings and interface with the customer decision makers and influencers.
• Be responsible for execution and customer satisfaction in all the revenue portfolios within the account.
• Identify and forge partnerships and tap into existing alliance partnerships of Cognizant to grow the account.
• Develop strong working relationships with senior leaders across all LoBs for the client
• Assist the Cognizant teams to penetrate and diversify sources of revenue with the client
• Ability to bring together Insurance domain knowledge to create and propose solutions in both business & technology

In Addition, The Qualified Candidate Should Possess The Following
• Past experience managing a client P&L of at least $10+ million dollars, including reporting and metric assessment for the account.
• A minimum of 10-12 years of experience in a client facing role or account leadership role in the IT professional services or management consulting firm with 5-8 yrs in Insurance industry ((Life, Annuities, Property & Casualty, Group, Retirement) preferred.
• Experience with account management/selling in the local Market in Canada
• Understanding and thought leadership in technology, services and business trends their direct and indirect impacts on the outcomes of the customer and our organization
• A strong performance track record of managing different portfolios-ranging from sales, new sales, programs and managing existing business and their profitability.
• A strong relationship oriented bent of mind, demonstrated capabilities in building and sustaining CxO-1 relationships and below.
• Experience of leading diverse teams, experience of cultivating and collaborating in a multi-cultural environment
• Must be able to navigate a large organization, work in a multi-dimensional matrix and have the power of persuasion through content and confidence
• Knowledge of value articulation principals include client ROI and appropriate storyboarding techniques.
• Knowledge of Client context and client engagement guidelines including organizational sensitivities to consistently look for new solutions.
• Bachelors or Master’s Degree.

Preferred Insurance Domain Skills
• The candidate must bring in experience, insight, and credibility across all LoBs in Insurance domain ? Life & Annuities, Property & Casualty, Core, Retail and Insurance Operations.
• Life & Annuities ? Should have a solid understanding of all functions and processes, from distribution to claims. Should possess knowledge of solutions for L & A, Group and Retirement markets.
• Property & Casualty – Should be able to understand and recommend P&C solutions covering everything from distribution through underwriting relevant to client needs.
• Insurance Industry expertise in Underwriting Policy Administration and Claims preferred along with Technical depth with knowledge of RPA, Analytics, AI, Business Transformation Models, and Security
• Strong domain knowledge including but not limited to Underwriting, Claims, Retirement and expertise in executing Digital themes in Insurance domain.
• Able to sell, mode of work in agile or scaled-agile framework and delivering business value on a continuous basis.
• Business process transformation experience focused on customer experience, simple solutions, and automation/efficiency
• Should be able to conceptualize, analyze, create blueprint for business transformations and present solutions in the insurance domain including systems modernization, conversion, and integrations.
• Candidates must have a proven record of building and maintaining long-term relationships at senior / CXO-1 levels and below. They must be comfortable presenting to senior executives, and senior business and technology leaders, and must be persuasive and influential.

Technical Skills

SNo Primary Skill Proficiency Level Rqrd./Dsrd.

1 Account Management Skills NA Required

2 OIPA Architecture PL4 Required

3 Psft- Project Portfolio Mgmt PL4 Required
• Proficiency Legends

Proficiency Level Generic Reference

PL1 The associate has basic awareness and comprehension of the skill and is in the process of acquiring this skill through various channels.

PL2 The associate possesses working knowledge of the skill, and can actively and independently apply this skill in engagements and projects.

PL3 The associate has comprehensive, in-depth and specialized knowledge of the skill. She / he has extensively demonstrated successful application of the skill in engagements or projects.

PL4 The associate can function as a subject matter expert for this skill. The associate is capable of analyzing, evaluating and synthesizing solutions using the skill.

Employee Status: Full Time Employee

APPLY HERE

Continue Reading

Jobs

Queen’s University: Student Support Assistant Needed | APPLY NOW

The Queen’s University is the Canadian research intensive university with a transformative student learning experience.

Published

on

By

Queen's university Jobs 2019 2020

The Queen’s University is the Canadian research intensive university with a transformative student learning experience. At Queen’s university, the employment experience is as diverse as it is interesting. They have lots of opportunities in multiple areas of globally recognized research, faculty administration, engineering & construction, athletics & recreation, power generation, corporate shared services, and many more.

Qualified candidates are advised to apply now.

Salary Per Year: $167,000

APPLY HERE 

Continue Reading

Jobs

NAIJA JOBS: Account Trainee Needed At Genesis Group | APPLY NOW

An account trainee is urgently needed in Port Harcourt. If you are qualified, you can go ahead and apply while the offer lasts.

Published

on

By

Account trainee jobs in Nigeria

An account trainee is urgently needed in Port Harcourt. If you are qualified, you can go ahead and apply while the offer lasts. Below are some details of the organisation ‘Gensis Group’ which is seeking an account trainee.

Genesis is a wholly Nigerian owned group with business interests in hotels, restaurants, cinemas, shopping malls, real estate development, catering and snack foods. Genesis has its corporate head office in Port Harcourt, Rivers State. For twenty five years, they have provided ‘exceptional products and services’ to multinationals, local corporations and the Nigerian public.

Account Trainee Summary:

Job Description
• The trainee program is made available for candidates interested in building a career in Accounting/Finance.

Requirements
• Minimum of second class lower (2;2) in Accounting or related field.
• Applicant must be in or have completed skill grade of ICAN.

Interested and qualified candidates should send their CV to: vacancies@genesisgroupng.com clearly indicating the “Job Title” as subject of your mail.

Continue Reading

Trending