According to banks are required to give a 2/3 credit example.
This states what a loan costs “in its entirety”, along with all fees and interest and also the most credit customers at the end of conditions .
Thus, it is no longer enough to call the “lowest possible interest rate ” or a range (from 3% to 8.99%), but the actual “most” awarded terms. This transparent for the customer what interest rate he “in general” has to expect. Now Belcalise could adjust this credit example as follows:
The installment loan from Belcalise can be applied for on the internet. These Belcalise provides a loan calculator . With this one can calculate directly on the Internet the borrowing costs according to the loan amount itself: Belcalise credit
So if at Belcalise one credit than 10,000 euros must receive over the term of the rate loan over the loan installment to repay a total of 11,210.59 euros. Thus the cost of credit amounted to 14,210.59 euros for the 5 years of repayment term .
This allowed Belcalise to significantly improve its terms in the past period of the loan actually brokered. The annual percentage rate of charge can now be reduced by 0.6%. The borrowing rate can be shown 0.58% lower in the representative loan example.
The actual amount of credit results from your own credit rating . The better the credit rating, the lower the interest rate can be. The credit calculator from Belcalise therefore has its own credit rating.
In the case of a “medium credit rating”, the monthly loan amounting to 186.90 euros will be used to repay the loan .
If you have an excellent credit rating, you can get a loan rate of 2.79 percent APR, which translates into a monthly rate of 178.60 Euros. The cost of the credit then falls to the loan from the credit example to 716 euros.
With a “bad credit rating” – which leads just to the credit approval – you pay 6.99% percent APR with a monthly rate of 197 €. There are then borrowing costs in the amount of 1,816.79 euros to raise.