Action, super, extra, advantageous interest you won’t find on another loan. Wondering where the hook is? You’re doing right. We’ll give you tricks of lenders and what you can pay for.
Not all contracts are clear enough. Loan providers often play hide and seek with their customers. In business termsand price lists crouching various mysterious charges. Many people are governed only by the amount of the loan or monthly payment. Which is a mistake that can cost you thousands of crowns.
Follow the APR
The most important parameter for assessing a loan is the APRC. This abbreviation stands for the annual percentage rate indicator, which simply gives you the advantage of offering. In addition to interest, it includes all possible fees that you will pay with the loan. The lower the APR, the cheaper the loan will be.
What are the charges
A certain percentage or a pre-determined amount is paid for the conclusion of the contract. Of course, there are loans without this fee.
Fees for administration and maintenance of credit, respectively credit account. Most banks require the creation of a personal account before making money. Its management can be free, but it also costs tens of crowns a month. For years of repayment, the amount will go up to noticeable numbers.
Did you earn some extra money and want to get rid of all the obligations? Then expect some banks to punish you for early repayment. The amount of the fine is calculated from the amount outstanding.
Repayment insurance is an optional supplement to the loan. Provides protection in the event of loss of work, injury or death. Insurance significantly affects monthly installments.
Please also be advised in advance of any penalties that you may incur if you are late with your monthly payment. If your lender offers you the option of postponing the installments, see how much this service costs.
Bank bids are not ideal, and you will often find small crabs in their terms. You can easily get into real problems by heading to a non-bank company. Most of them are solid and there is no danger, but there are exceptions. How to recognize a credit predator?
Banks and branded credit companies are interested in their customers. They thoroughly examine their income, look into the register of debtors and find out if it is in the client’s ability to repay the loan without any problems. The predators do nothing like that. “Help” everyone who is in distress. Subsequently, the mafia practices will be followed by nice negotiations. The mendicants will not stop at nothing.
We compare fair loans for you
If you need money, check out our credit calculator. We compare the conditions of both branded non-bank companies and banks themselves. In our offer you will find only proven and fair loans. In addition, we calculate for you how much you pay monthly, interest or APR. We will also tell you the amount of fees. In short, you get all the information you need to choose the best loan.