Everybody comes into the situation that we needs money for a certain project.
This can be for a renovation, new television, party, solar panels, etc. Fortunately, in that case you can borrow money through a personal loan. See http://forumdellamagia.org/get-the-facts-cash-before-you-shop-for-cash/ for the scoop
No. You do not have to submit an invoice to take out a personal loan. That means you can spend the money of the personal loan freely. This makes this loan different from, for example, a mortgage loan or car loan . With these credits you can only use the credit amount for a house or car.
Do I have to repay the loan within a certain period??
Yes. The bank and you will agree in advance on which period you have to repay the personal loan. The personal loan takes the form of an installment loan. As a result, personal credit will have to respect certain statutory maximum terms. A credit of, for example, 2,500 euros will have to be repaid within 24 months. The higher the amount you borrow, the longer you can choose your installment period.
How much can I borrow via a personal loan?
That depends on the conditions applied by the lender. The bank will always use a minimum and maximum amount within which your personal financing must fall. With most providers, this fluctuates between 500 and 75,000 euros. Lenders will of course also take your personal financial situation into account. If you already have a loan, the maximum amount of your loan on installment may be lower. This keeps your income and expenses in balance.
You pay a JKP for personal financing
A lender will not provide you with the personal loan for free. You pay interest during the period of the credit. How high this interest rate is depends on the amount you borrow. In principle, the interest rate decreases as the amount you borrow is higher. Providers are obliged to propose the interest via the APR. This APR is the total cost of the loan. In addition to the interest, any administration and administrative costs are included here.
Why is a personal credit interesting?
The personal financing allows you to realize your dreams, without having to loot your savings. By paying the installment loan, you pay back the same amount every month. The lender will automatically include the APR in this refund amount. In addition, the personal loan can be used for any purpose. So if you would like to invest in a hobby that could once become a professional activity, then you have the perfect financing with the loan on installment.