When ordering a loan, must not do this rushed, i.e. There is no leave it until the last minute. But you need to sit and make numbers and see which option is the most appropriate to our situation (personal loans), this will save us a few euros. -What type of loan are looking for? Currently loans to fixed interest (the interest rate remains constant) and variable interest (the type is modified throughout your payback period) are the most requested. When opting for one or the other must be taken into account are economic fluctuations of the market. If we want to maintain a balance and control over our economy, the fixed-interest loans are the most suitable. More on the other hand, if we ask for a loan with a variable interest rate and the cost of money rises, your Bill is expensive. The current loans are around 10% Apr.
-Entity must go us? Financial institutions that offer loans faster (those who are granted between 24 and 48 hours for urgent personal loans) are less demanding and do not require great paperwork, although they apply much higher rates (can get to exceeds 20% interest). Traditional banking tends to be more demanding in the face to the guarantees, although later their interest rates are lower. -What commissions can collect? As we saw earlier, thanks to the law of repression of usury, a bank or financial institution in any case you may apply a rate of more than two and a half times the legal interest of the money. However it is important to know that opening commissions tend to roam between 1% and 2% (although fixed fees can be set). Regarding cancellation fees, interest at fixed rate loan usually roam environment to 3%, while in variable rate is 1.5%. -What is the minimum and maximum amount that we can apply for? The minimum tends to be around 3,000 euros and the maximum can reach up to 60,000 euros. The interest rate It will precisely vary the amount.
Normally when granting a loan (loans fast) the banking entity can request a series of additional products, such as direct debit of receipts and payroll. If it’s a small amount it is frequent that prompted as a preview for payroll. -What term loans are there? In this sense the deadlines are very varied and can be adjusted to the needs of the client. They tend to oscillate between the six months, for small quantities, and ten years, for large quantities. It is normal that the average ronde a maximum of five years (reunify loans). -When do you pay the fee? Many institutions allow you to choose the day of the monthly charge. Others include qualifying periods, during which no interest is paid.