transfer loan. Wise and beneficial?
It may be wise to transfer your loan or loans. You can receive lower monthly payments or a lower interest rate so that you have paid off the loans earlier.
If you wish to transfer loans, it is important to have a good overview of the current monthly installments and interest rates. Then check how long you still have to pay these monthly installments (interest and repayment) so that you know exactly how much you will repay in total.
Suppose you have a loan with a monthly term of $ 125 (interest and repayment) with a remaining term of 65 months and you have a loan with a monthly term of $ 215 with a remaining term of 58 months.
You still have to pay back in total: 65x $ 125 and 58x $ 215 = $ 15,375
If you transfer these loans to a new loan, you should therefore check whether the total amount to be repaid is lower than the current amount to be repaid.
We are happy to calculate whether it is interesting for you to transfer your loans.
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