Some practical advice for choosing among multiple loan quotes. The first advice and take longer to different financial estimates. The fastest and easiest way is to do it online through the Internet. Here are other tips:
- sure that the TAN is fixed: Although it is common practice to offer personal loans with a fixed-TAN products have appeared recently at variable annual interest. This means that over time the rate of interest on the funding could increase and with it the cost of your credit.
- Fewer rate will produce a higher monthly amount, but generally lower rate = lower interest rate.
- compare different proposals Financing, n on stopping only to those proposed by your bank.
- Base your choice mainly on comparing the APR, which we know is the annual real rate of interest and allows us to determine precisely what the actual cost of el loan.
- Be aware of possible annual cost of account management where you required a loan from a bank that is not yours. Many banks offer personal loans only to its own customers, so your request may be bound opening a bank account.
- Always check the interest rates offered, would not violate the laws against usury. This is calculated through the "average rate of financing operations" which is published at least quarter by the Bank of Italy. To calculate the maximum rate applicable to the average rate is sufficient to add the remaining half. For example: if the average is 10% of the maximum rate applicable will be 10 + 5% then 15%
- Finally beware of all the proposals that indicate interest rates (TAN and APR) in invisible footnotes at the bottom of flyer.
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