When you make a credit or loan, since it is a personal loan , auto, home, retired or for any other type of credit shall have an understanding of what are the different interest rates .
Often appear in television ads and radio percentages that can induce the mistake. There are various interest rates and should know the difference and what are the most important.
Both interest rates are more important to know the NHS and the APR. In short, the lower the APR the better the loan.
TAN AND APR
The NHS is the Interest Rate Annual Nominal loan. This rate is calculated by the deadline and the amount of the loan and allows to calculate the interest on it. Yet this rate does not reflect the actual cost and the total loan. A loan has other costs such as expenses for approval, stamp duty, insurance premiums, among others.
For this there is the APR, Annual Fee of charge. In Portugal the rate is mandatory indication and is the best indicator for a comparison of several credits and loans. The lower APR rate is the best loan.
Sometimes you can obtain reductions in interest rates, but not all banks that give these discounts. So it should start to negotiate the loan with the bank you chose and see the price competition. There are companies that make special arrangements with banks and so these customers have the advantage of having lower interest rates.
These special rates can also be achieved if the company I work has some chord with a bank or entity that provides loans and bank loans.
Thus the interest rate more important for those who are looking for a credit or personal loan is the APR. In Portugal, the indication of the APR is required by law and so it becomes easier to compare various proposals for loans and credits. We must be careful because in many stores do not indicate the correct rate.
It may happen that the seller of insurance be sure to order the inclusion of the costs of life insurance and other costs as the customer card that is required Tues These factors make the actual cost of the loan is very different from what is written in the proposal or in advertising. Because of these reasons must always be alert when you are looking for a loan. At the time of sign must always look at the numbers carefully and find out all the costs plenty.
When you make a simulation of a claim it must have all costs discriminated. Never accept the facts and the ridiculous excuses or sellers of bank credit. You have a right to know all the costs that will be before signing a loan agreement. I hope this article has been helpful in your quest for understanding of credit and interest rates. If you have any questions please feel free to leave a comment.
Often appear in television ads and radio percentages that can induce the mistake. There are various interest rates and should know the difference and what are the most important.
Both interest rates are more important to know the NHS and the APR. In short, the lower the APR the better the loan.
TAN AND APR
The NHS is the Interest Rate Annual Nominal loan. This rate is calculated by the deadline and the amount of the loan and allows to calculate the interest on it. Yet this rate does not reflect the actual cost and the total loan. A loan has other costs such as expenses for approval, stamp duty, insurance premiums, among others.
For this there is the APR, Annual Fee of charge. In Portugal the rate is mandatory indication and is the best indicator for a comparison of several credits and loans. The lower APR rate is the best loan.
Sometimes you can obtain reductions in interest rates, but not all banks that give these discounts. So it should start to negotiate the loan with the bank you chose and see the price competition. There are companies that make special arrangements with banks and so these customers have the advantage of having lower interest rates.
These special rates can also be achieved if the company I work has some chord with a bank or entity that provides loans and bank loans.
Thus the interest rate more important for those who are looking for a credit or personal loan is the APR. In Portugal, the indication of the APR is required by law and so it becomes easier to compare various proposals for loans and credits. We must be careful because in many stores do not indicate the correct rate.
It may happen that the seller of insurance be sure to order the inclusion of the costs of life insurance and other costs as the customer card that is required Tues These factors make the actual cost of the loan is very different from what is written in the proposal or in advertising. Because of these reasons must always be alert when you are looking for a loan. At the time of sign must always look at the numbers carefully and find out all the costs plenty.
When you make a simulation of a claim it must have all costs discriminated. Never accept the facts and the ridiculous excuses or sellers of bank credit. You have a right to know all the costs that will be before signing a loan agreement. I hope this article has been helpful in your quest for understanding of credit and interest rates. If you have any questions please feel free to leave a comment.
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