End of the era of unauthorized credit intermediation from columns and leaflets

With the acquisition of a license from the Ministry of Finance, Good Finance, a Zagreb-based company, began providing consumer credit intermediation services under the new Consumer Credit Act.

Credit may be an oxymoron

bank

But specialized financial institutions are increasingly looking for an optimal client solution that should push unauthorized semi-illegal intermediaries from the scene.

With the acquisition of a license from the Ministry of Finance, Good Finance, a Zagreb-based company, began providing consumer credit intermediation services under the new Consumer Credit Act.

Choosing the best option

Choosing the best option

Ended the era of unregulated intermediation to the detriment of the end user, which we have been witnessing for the last ten years, and started a new era in which transparency, education and licensing are absolute imperatives of business – said the founders of the company Vjeko Peretić and Zoran Šuster.

In more developed financial markets, this business model is common. By hiring intermediaries, banks save time and get verified and processed clients, while clients receive more comprehensive information on market conditions.

For years, we have been continuously monitoring the developments in the credit market, which includes analyzes and comparisons of the conditions of almost all banks. This is our core business and, with time savings and a more engaged approach, is one of the most valuable services we provide to clients. During discussions with the client, depending on his wishes, but first and foremost on the parameters for calculating creditworthiness and credit rating, together we come to the most favorable lending option. With cash loans, the speed of realization and the amount of cash that a client receives is often crucial, while interest rates, collateral and collateral and the long-term sustainability of regular loan repayment are more important in housing – they point out.

Analysis for the client

bank

The company commits itself to an even more detailed analysis when proposing solutions found to clients, listing all expenditures involved, such as processing costs or security instruments and the effective interest rate. They are also explaining to clients the increased rights and obligations under the new Consumer Credit Act. Also new is the signing of a “pre-loan information form”, which is required by law. Banks are the official external sales channel; they have signed active contracts with some and they work so well that in certain segments they can offer clients better conditions than regular ones in the market.

What interests customers the most is the price and most often they ask whether agency services will increase their loan costs.

The basic philosophy of our business is a free brokerage service for all financial products where possible. Specifically, we do not charge a commission or a flat rate to our clients, such as real estate agencies or brokers, because we earn deserved commissions from partners for whose products we mediate – explains Zoran Schuster. He adds that they also have an agency for insurance representation, so if the bank requires loan insurance, they do the job and get commission from the insurer.

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