Personal loan online, what to remember

You plan to grant a personal loan, you still hesitate where you will go. However, a friend has advised you on personal loan online, but you are puzzled. Here, discover the benefits of this financing solution to help you make a decision.


Who offers the personal loan online

For some time online banks have been on the rise to compete with conventional credit institutions that offer exorbitant interest rates. The benefits are not lacking to seduce new customers daily.

What benefits with personal loan online

What benefits with personal loan online

With a personal loan online , the borrower is not obliged to explain the use of money to borrow. So, he has total freedom of what he will do with the amount he will get:

travel, buy a new car, change your wardrobe, do some renovation work in your home or others. Many people also take out a personal loan online to reimburse other credits.

Unlike other loans, the personal loan online is very flexible. It is possible to ask for sums ranging from 1500 euros to 21500 euros, depending on the needs of the borrower. But what about refunds? Depending on the case and depending on the amounts requested, it varies between 12 and 60 months. All this, you will get it by staying at home. If the agreement is signed, your account will be debited in 48 hours.

Personal loan online

Who can grant the personal loan online?

The personal loan online is accessible to everyone and requires very few guarantees. Be aware that in other lending institutions, some people can not apply for a large personal loan. In short, it is a very beneficial and simple solution. It will be easy for you to know exactly how much you will pay at the end of each month and at what pace. With online banks, finished the bad surprises on his account.

Before you start a personal loan online

Of course, the personal loan online is very attractive, but be sure to determine your need for money to avoid over-indebtedness. You will also need to properly assess your repayment capacity taking into account your fixed and occasional expenses. Do not forget to compare the offers of personal loan banks online. To do this, use a simulator because the interest rate varies depending on the amount borrowed and the repayment period.

Financing an onshore wind farm project

WFW advises lenders on the project financing of the onshore wind farm “Malaspina” in Argentina

(WK-intern) – International commercial law firm Watson Farley & Williams (“WFW”) has acquired KfW IPEX-Bank GmbH, Kreditanstalt für Wiederaufbau (KfW) and Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV (FMO) at USD 104 million. Advised on the financing of the onshore wind farm project Malaspina.

The project is located in the province of Chubut in the south of Argentina

The loan documentation was signed in December 2018. The financing was completed in January 2019 and is partially secured by an ECA guarantee from the German export credit agency Euler Hermes. The wind park is indirectly owned by the French company Total Eren SA, a leading independent power producer (IPP) for renewable energy. Total Eren also developed the project himself. Upon completion, it will provide a total output of 50.4 MW generated by 14 Senvion wind power generators, each with 3.6 MW.

Senvion wind turbines / Photo: HB

Founded in 2012, Total Eren owns more than 1,700 MW of wind, solar and hydropower plants that are in operation or under construction worldwide. Together with local developers, Total Eren is currently developing numerous energy projects in regions with a growing need for renewable energy, such as in Latin America, Africa and the Asia-Pacific region

The WFW advisory team was headed by the Hamburg partner dr. Stefan Kilgus (Banking & Finance). He was assisted by managing associate dr. Pascal Unger and associate Jens Leu (both Banking & Finance Hamburg). In addition, Corporate / Energy Partners advised Stefan Hoffmann (Hamburg) on project-related aspects of the transaction and Finance Partner Philippe Wolanski (Paris) on French law issues. WFW worked closely with Argentine law firm Bruchou, Fernández Madero & Lombardi on aspects under Argentine law.

The leading partner Stefan Kilgus comments: “We are very pleased to have advised the lenders on a third non-recourse project financing project in Argentina. We are particularly pleased that we were again allowed to work on a Total Eren project. This mandate underscores the significant role and capacity of WFW in international energy projects, particularly in Latin America and Argentina. “

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