Payday Loan Consolidation: Calculation of Personal Loan Payment

Among the best loans in circulation there are certainly Onecredit personal loans reserved for its customers. So let’s see how you can request a free quote that allows us to perform a simulation of funding offered by the company, with the calculation of the installment. In this way we will be able to know in detail the characteristics of Onecredit personal loans, such as the amount that we will pay each month and the interest rates applied.

Payday Loans: how to carry out the simulation with the calculation of the installment

Payday Loans: how to carry out the simulation with the calculation of the installment

If you are looking for funding, for example, to leave with your family, or buy a car, renovate your home or for any other reason, there are excellent solutions available on the market. One of the best is certainly represented by Onecredit loans. As we usually advise when we talk about financing, the best thing to do before proceeding with the loan application is to request a quote. Thanks to this it will in fact be possible to simulate the loan to which we are interested, so as to know the treatment that will be reserved to us also thanks to the calculation of the installment.

As for the loans offered by Onecredit, if you have carried out an initial research in this regard, you will have noticed that through the company’s website it is not possible to simulate the loan online, as it happens for other companies. However, no fear, because there are no alternatives to the procedure for requesting an estimate directly on the website. Through the same page it will be possible to make an appointment in one of the branches of the bank, choosing it from the list according to the address and deciding the day and time that is most convenient for us. In this way we will have the opportunity to present our economic situation and those that are our needs to an expert in the sector, who will present us with an estimate of the best Onecredit loan that is right for us.

It should be noted that the request for an estimate by appointment is completely free. Furthermore, this is only a request for information, so we will not be “obliged” to proceed with the loan request offered to us by the consultant and we can take as long as we want to weigh our choice. If you prefer to proceed online, there are a number of simulation software available that allow you to calculate the installment. To use them you will need to specify the interest rate applied by Onecredit to the loan you are interested in, and then enter the amount you need and the duration you prefer. This is certainly a simple and fast operation, but that compared to the estimate requested in the branch is only a rough estimate.

Examples of calculation of the installment for Onecredit personal loans

Examples of calculation of the installment for Onecredit personal loans

We have seen how it is possible to calculate the installment, to simulate the loan to which you are interested. To get to know the characteristics of Onecredit personal loans in general, on the company’s website we are presented with some examples that can be useful to compare the treatment offered with other companies. For example, through Credit Express Dynamic, a comparison is made between different available durations (36, 64 and 84 months) for a loan of 4,000 euros. It is noted that in any case the Tan will be fixed at 10.40%, while the Taeg will vary according to the chosen duration.

By choosing a repayment in 36 months, the Global Effective Annual Rate will be 12.14%, and the repayment installment will be € 129.82. With the repayment in 64 installments, on the other hand, a 11.73% Taeg will be paid and we will pay € 81.69 each month, while if the duration chosen is 84 months the monthly payment will be € 67.23. Taeg of 11.58%. So the interest rate decreases with increasing duration, however the amount of interest will be higher, so it is always preferable to opt for a repayment in a minimum number of installments, especially for small amounts.

 

 

Leave Comment

Your email address will not be published. Required fields are marked *