Timely repayment of liabilities is getting out of hand, and you get the impression that you pay too much for loans and credits. All you want is a re-financial stabilization and taming your home budget. Everything indicates that you should take a closer look at the offer of consolidation loans. The right choice can be supported by the latest ebroker.pl ranking.
Installment for scooter, bike and car. For this a kitchen robot, a seating set and a widescreen TV. So the one with a curved screen. Little was missing and you would forget about the SLR camera, which lies somewhere in the closet, because you do not find time to take photos. You are getting closer to the statement that the repayment schedule of your obligations is similar to the Rolling Stones concert tour. In two words – an outstanding abundance.
You regularly pay off your penal interest, and a nice voice in the handset periodically reminds you of the need to settle your debt, despite the fact that you have the means to pay your debt in a timely manner. You would probably have been able to breathe a sigh of relief if someone paid off all your obligations and offered one loan with one legible installment. And if it turned out that the new installment would cost less, then euphoria would not be the end. It just so happens that this scenario is not completely sucked out of the finger.
What is a consolidation loan?
In fact, it was already in the previous paragraph that we revealed that the consolidation loan is a special-purpose loan, which is granted for the repayment of earlier liabilities. These can be both mortgage, cash, car loans as well as the credit card limit. As a result of combining existing liabilities, we receive an interest-bearing loan with one payment date. This significantly influences the facilitation of proper debt service as well as improves the transparency of the household budget.
We still have the secret of a lower loan installment. Unfortunately, it is not the result of good nature of a potential lender. The “lighter” installment is inextricably linked to the need to extend the funding period, which translates into an increase in the total cost of the loan. In the end, interest will be repaid in a longer time horizon. The lower installment, however, is a better liquidity for the borrower, and thus not far from his perfect well-being. Of course, in the case of a combination of several high-margin obligations, it may turn out that the consolidation loan is cheaper despite the extension of the funding period.
The best consolidation loans
The latest ranking of consolidation loans prepared by ebroker.pl provides for a liability amounting to PLN 125,000 and a time horizon of up to 5 years. From the list you will find out who proposes a specific solution, how much will be the monthly installment after consolidation and at what level the interest rate and the commission for granting the loan are shaped. In addition, you will be sure whether the debt insurance is compulsory. It’s worth taking a closer look at the comparison, because the difference in the amount of the installment between the leader and the closing stake is huge.
When deciding on a consolidation loan, it is worth remembering that it will not be cheaper in every case. Especially in a situation where the lender will urge you to take advantage of additional insurance. Of course, the policy is optional, but it may turn out that its lack will affect the increase in commission or interest rate, and in the worst case it will be tantamount to refusal of financing. A well thought-out decision can contribute to regaining peace and financial stability, so it is worth spending a little time. Because sometimes two plus two equals five.