Flexible loans, some comparison examples



Flexible loans, some examples in comparison

Flexible loans, some examples in comparison

The request for a loan should always pass from a first personal evaluation of the repayment capacity, which will then be examined in depth by the credit institution to start the financing process. Overcoming the approval of the budget without problems generally means that the sum requested is compatible with the monthly income, but if the fear remains of being in difficulty in repaying on time the amount due it is better to opt in advance for flexible loans, which guarantee without penalties to be able to postpone repayment of an installment or temporarily change its value. In some cases the flexibility is given by the loan formula, structured for example in installments which progressively increase in amount to meet the customer’s need to have the sum immediately available but at the same time postpone the payment of the full installment. The latter solution is more commonly offered in home finance, or in general for large sums and long-term plans. Read heiniseppa.com for a critique

Astrofinance offers flexible personal loans, 100% online, with the possibility of varying the amount of the installment or postponing the payment by activating the option directly from the customer area made available on the site when the loan is opened. However, in order to take advantage of the free options, the installment and the installment amount will be necessary to have repaid regularly at least six loan installments and have started the repayment by direct debit in the current account. The installment exchange option provides a limit threshold beyond which it is not possible to go down in value and a threshold beyond which it cannot rise, this should the customer need not reduce the monthly amount to be paid but increase it to shorten refund and save on interest. The option can be activated once a month, alternatively and never simultaneously with the installment jump, which instead means postponing the payment at the end of the plan, lengthening the time. Skipping the installment is possible three times over the entire duration of the Astrofinance loan, distancing the activations by at least 12 months.

Also Cleopor with the Total Flem loan gives the possibility both to reduce the amount of the installment and to skip up to 5 payments a year, returning everything to the end of the plan. Wanting, there are individual options, Change or Jump, to be added to the Easy Cleopor basic loan.

Loan estimate of 10000 euros

Loan estimate of 10000 euros

 

Financial: Sumple Loan
Product: Personal Loan
TAN Fixed: 4.25%
APR: 4.44%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.117

Monthly installment € 185, 28 Feasibility check 

Financial: Ultranix
Product: Personal Loan
TAN Fixed: 5.16%
APR: 6.70%
Loan duration: 60 months
Amount Financed: € 10.146
Total due: € 11.735

Monthly installment € 193, 19 Feasibility check 

Financial: Astrofinance
Product: “Your Projects” Credit
TAN Fixed: 6.01%
APR: 6.18%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.602