You’ve read that we’re fast and credit online is products that are priced well and that have flexible and insurmountable conditions. That’s right, but not everyone is equal, and here is where you come in. You have a good comparator, on the one hand, and so many tricks to be done to find the most interesting offers.
You will have read that fast loans and online loans are products that are well priced and have flexible and insurmountable conditions. It is true, but not all are the same, and that is where it comes into play to have a good comparator, on the one hand, and a few tricks to use to find the most juicy offers.
Save money on your next credit with these tips
Shorten the terms of fast loans
In general, unless you have found one of those free mini loans for a month, it is usual to apply for a loan of average amounts and return it after certain months. It is a basic rule of financing that the less time the credit lasts, the lower the interest payable. That is why it is a good idea to adjust the return period as much as possible, always taking into account your personal and economic circumstances, to achieve significant savings.
In many cases we are talking about saving several hundred dollars, so it is worth calculating thanks to the simulators that each entity has on its website.
Consult the conditions of the advance payment
Always, it is always advisable to return the money early if you can afford it. The first step to do it, besides having the money, is to consult the contract or the conditions with the entity.
Among the online entities, you will find many that do not penalize the advance payment with any cost. Others apply a brief commission, close to a small percentage, on the amount that remains to be settled, or a specific fixed amount.
Anyway, whether it is free or if it has a cost, it will always be lower than the cost of paying the agreed interest until the end of the term, so it goes to account and the savings can be considerable again.
Compare interest rates
The main indicator of the cost of a loan is the APR, which is expressed in a percentage. A good way to save money before asking for credit is to compare this value between different entities. The APR covers all the costs of a loan, all of them, so you should compare and search for the entities that offer loans and credits online at a lower%.
In a competitive and liberal market like the current one, many entities lower their interests to attract customers, so it is possible to find large differences between entities.
In other cases, such as bank loans, hiring additional products, such as insurance, usually lowers final interest or improves conditions. There are also free links, such as becoming a client or bringing payroll, to get loans at better conditions with traditional banks.