Do you know that your credit loans can be relieved immediately and give it a new financial breath?
True, by integrating the credits, this cannot be collected in one of your credits for consumption, but the long repayment period, additional financial and in the way, can reduce your effort rate.
If you are interested in this solution, come with us in the next lines and coordinate the credits, what are its advantages and disadvantages, when to consolidate debts and a Integrated Credit Simulator Can help you to choose.
What does it mean to coordinate credits?
Reorganization credits are hiring an integrated loan, which will bring all your credits to consumption. This solution contains low interest rate, single reduced monthly installment and long repayment deadline.
In the context of coordination of credits, you can request additional funding to use in the intention of what you want.
After recognizing the integrated credit request, the selected financial institution becomes its previous credits (at least two, it is offered that it is not filed) and its only debtor.
Credit coordination may provide a reduction in the monthly installment amount, resulting in a significant drop in the effort rate – it measures the percentage of the monthly budget for the payment of financial fees.
The advantages and disadvantages of the budget
Integration of credits to improve your funds is a great solution, but there are features that need to be considered.
Benefits of Loan Coordination
- The reduction in the value of monthly installments reduces the effort rate.
- The simplicity of the financial management, a monthly installment and a long repayment deadline.
- Access to lower interest rates.
- Definition of a specified date to pay the installment.
- Opportunity to obtain additional funding.
The disadvantages of credit coordination
- Long repayment period, which is a MTIC (Total amount paid to consumers) is high.
- Not available to non -compliance customers.
Situations that combine loans is a good way
Some consumers choose an integrated loan to better organize the dates, but the main benefit is to reduce monthly fees.
When you calculate your effort rate, you can see it exceeds 35%, and if it is not yet compatible, it may be the best time to solve the credits.
How to use an integrated credit simulator to determine?
With the appearance of the digitalization of the financial sector and the appearance of online credit simulators, the combined credit request processes have become simple and fast.
Practical Example:
Imagine that there are two consumption for a total of € 15,000, 670 €.
Its monthly income is 500 1,500, so the effort will be its effort rate according to the proportion formula:
Monthly financial charges with credit / monthly income x 100
Calculation:
670 /1500 x 100 = 44,6%
Because this rate is high (over 35% recommended by Bango de Portugal), decides to find an integrated loan.
After simulation of Unibango Integrated Credit Page* * * * *It finds a solution to integrate € 15,000 and adds € 5,000 to a total of € 20,000 to pay in 84 months.
Monthly installment in Simulator 7 377.54, resulting in new effort rate 25.1%:
377,54 / 1500 x 100 = 25,1%
With this reduction, it can save about 300 € a month, and its budget is significantly relieved.
How to advance with the order?
After simulation, if you decide to hire an integrated loan, click the “Order Credit” button available on the Simulator. In just 3 minutes, your order will be completed.
* The simulation provided is € 20,000 to pay in the € 377.54 84 exercise. Dan 13.700% and Taeg 15.9%. MTIC € 32,066.17.
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(TAXTOTRANTRANSLET) Banks (D) Economics (D) Fund
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