Checklist for choosing a cheap personal loan
- The amount of credit: For a consumer credit, know that you can borrow from $ 200 to $ 75,000. The interest rate and the total cost of your credit will depend on how much you want to borrow.
- The duration of the credit: Depending on the amount of your loan, you can repay it over a period of 3 to 60 months. Note, however, that the interest rate will vary depending on the repayment term you choose.
- The annual percentage rate of charge: The APR includes interest and all costs related to your credit. You have to be careful, because this Rate is representative of the total cost of your credit.
- Monthly installments: Do not hesitate to choose the monthly installments that correspond to your repayment capacity.
- The total cost of credit is the total amount you will have to pay to finance your loan.
- The cost of application fees: Some organizations offer loans without application fees, that is to say that the subscription is free. Others, however, apply additional charges that you must include in the total cost of your credit.
Where to find the best cheap credit deal?
Given the multitude of financial organizations and credit offer that can be found online, it is very difficult to choose an instant mini loan without proof without playing the competition. Countless lending establishments abound on the internet that one gets lost quickly. Not to mention the different types of credit offered by banks: auto credit, work credit, personal loan, etc.
Fortunately, there are credit simulators that make it easier to find cheap consumer credit. Thanks to these tools, it is quite possible to compare several credit offers in a few minutes. All you have to do is choose the credit institution that offers the discount credit suited to your needs.