Installment Loan Calculation: how do the comparators work?

When you have to face a sudden and unplanned expense and you don’t have the necessary liquidity to do it, you can request a loan, trying to choose the most advantageous solution and in line with your needs. Before signing any contract it is important to know the amount of the repayment installment, in order to assess the feasibility of the transaction.

A very fast and reliable method is that which involves the use of online Harry Credit calculators, just like BestCash. By providing some information about the loan you want to request, you can find out the amount of the loan installment. It will be sufficient to indicate the desired amount, the duration of the contract and the purpose of using the requested sum.

How to find the most convenient loan with the calculation of the installment?

How to find the most convenient loan with the calculation of the installment?

To calculate the amount of the installment using online comparators just a few steps are enough. First of all it will be necessary to indicate some information about the loan that you want, specifying: the sum of money you want to request, the purpose of the loan and the duration of the contract. This last figure corresponds to the number of monthly repayment installments, which can range from a minimum of 24 monthly payments up to a maximum of 10 years for the highest amounts.

For the calculation it will also be important to provide some information regarding the holder of any loan agreement. The type of contract and the monthly income will allow defining the level of credit reliability, understood as the ability to support payment of installments. In the event of a risky profile, the financial company may refuse to provide the loan or impose the obligation to take out insurance.

How to calculate the installment of a loan?

How to calculate the installment of a loan?

The calculation of the installment of a loan is essentially based on the evaluation of the amount requested and on the duration of the loan. Of the other factors that make it possible to assess the convenience of a loan are the interest rates, represented by the TAN (Annual Nominal Rate) and by the APR (Effective Global Annual Rate)

The Taeg in particular represents the variable to be considered with greater attention. In fact, all the loan related expenses, including ancillary and brokerage expenses, are included in the Taeg. If you want to save on loan installments, the advice is to choose online loans.

How to choose the right financing?

How to choose the right financing?

In addition to knowing the amount of the loan installment, thanks to the comparators you can find the most convenient offers from banks and financial institutions. In fact, these comparison services are able to select in just a few seconds only the most advantageous financing solutions, which possess those characteristics indicated by the user. Also included in the evaluation are the online Harry Credits, able to offer more advantageous and flexible conditions.