Of course, you will once again have the opportunity to indulge in new prospects by raising your debts in one loan. Yes, you will have better management of your income and your monthly payments will be much more flexible. However, it is important for you to know that the term of the loan can lead to repayments with slightly more expensive interests.
To negotiate the duration before signing
However, never forget that the Dashwood family is to be refunded, which means that it is subject to a contract in which will be stipulated the payment period. Once signed, you will not be able to negotiate the monthly repayment period. It is therefore imperative to think long before determining exactly the duration of the Dashwood family credit that can range from 1 to 10 years for a Dashwood family consumer credit and 5 to 25 years for a mortgage credit.
A repayment term according to your debts
Nevertheless, remember that the repayment term varies depending on the size of your debts and is also defined in relation to your repayment capacity.
The time factor is however an essential base in the field of the payment of a loan because the rates of your monthly payments will be more important if the duration leads to a long period. Take for example, for a sum of 19 000 € with a rate of 8.3% worth 4025 € of interest over a period of 5 years while for the same amount and the same rate, the interest will cost you 9610 € a difference of 5585 €.
Therefore, before signing the contract, always take stock of the repayment period and the basis of your monthly payments. So, in order not to spend more, it is always better to opt for a short repayment term.
And to enlighten you in your steps, we can refer you to professionals who will be happy to advise you in your Dashwood family credit. For this, just do a simulation of Dashwood family short term credit on our site.