APR is the acronym for Annual Global Effective Rate and represents the final and actual expense linked to the request for a loan. Also known as the Synthetic Cost Index ( ISC ) and represented as a percentage value, the APR includes in itself both the “pure” interest rate and all the ancillary expenses…
Month: January 2020
Loan in fine: repay your principal when due!
Loans are among the different types of credit. Unlike the repayable loan conventionally used for the financing of a real estate, the credit in fine gives the opportunity to the borrower to repay the totality of the capital due in a single payment, at maturity of the contract. The advantage? The monthly payments are only…
Want to save on a passbook A? Prefer early loan repayment
With the rate going down to 1% soon, this investment becomes more than ever precautionary savings. Because it is more profitable to increase the monthly payments of his mortgage rather than depositing his savings capacity on a passbook A. In particular for the owners who bought a few years ago, when the rates were high….