5 questions and answers
What is the “interest rate” on loans?
The interest rate is the element you must absolutely consider when you take a loan. 😉Practically, this is the percentage of the total borrowed amount ...
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I accessed a personal loan with a fixed interest rate and I want to repay it early in full, are there any costs?
For fixed interest loans there is an early repayment fee:➤⠀1% of the early repaid loan amount, if the time period ...
What is the difference between a fixed interest deposit and a progressive interest deposit?
➤⠀In the case of fixed interest deposits, we pay you the same interest rate for the entire duration of the deposit. ➤⠀On the other hand, for an interest ...
What is the difference between a fixed interest deposit and a variable interest deposit?
➤⠀at a bank deposit with a fixed interest rate, the interest rate percentage cannot change during the contractual period.➤⠀at the deposit with interest ...
Can I choose between fixed interest rate and variable interest rate for the mortgage loan?
Yes. You can choose between fixed interest, ideal if you want stability in the first 2, 3 or 5 years, and variable interest, which adjusts according to ...