Personal loans can be classified into two groups depending on their time that it takes to get the money and guarantees required by the entity to ensure the recovery of the loan. We can also distinguish different types of loans taking into account the interest rate that applies them can be fixed, variable and mixed. CREDIT consumption or loan PERSONAL Capital funded: 3,000 euros repayment term: 1 year T.A.E *: between 7 06% and 10 04% monthly fee: between 260 and 264 euros total interest payable: between 116 euros and 172 euros financed Capital: 12,000 euros repayment term: 5 years T.A.E: between 7 06% and 10 04% monthly fee: between 238 euros and 252 euros total interest payable: Between 2,277 and 3,312 euros * APR: annual equivalent rate. Includes all the expenses will be payable for the loan (nominal interest rate, commissions of study and openness, secure life, etc.). To keep in mind: some banks offer only one type of credit, regardless of the use that will be given to the quantity requested, and not have credits for studies, the purchase of the car or reforms.
The interest applied in each case will depend, therefore, of the person asking for the loan and banking history. CREDIT or loan car Capital funded: 12,000 euros repayment term: 5 years T.A.E: between 84% 06 8 and 9 monthly fee: between 244 euros and 254 euros total interest payable: between 2,620 euros and 3.241 euros to take account of: be informed, as well as in the Bank or savings bank, at the dealership where you will acquire the vehicle. Sometimes they are linked to financial companies that offer its clients loans with an interest rate of more advantageous than some banks. One of the advantages of paying the car by the dealer financial is that if later you want to request a new personal loan in the Bank, it will be easier to grant it us, not having to open another credit record.