Credit Unification: When is it logical to choose this solution?
Did you know that your credit debts can almost almost relieve and give it a new financial breath?
True, by standardizing credits, not only all your credits for consumption can be collected in one, but also have a longer payment period, additional financing, and along the way, reduces your efforts.
If you are interested in this solution, accompany us on the following lines and know the meaning of promoting credit, and what are its advantages and disadvantages, and when the debts are combined Unified credit simulation It can help you choose.
What does it mean to enhance the credits?
The promotion of credits consists of a unified credit employment that brings all your credits to consumption in one. This solution contains a lower interest rate, one discounted monthly payment and a final date for longer payment.
If you want, in the context of unifying the credits, you can also request an additional financing for use for the purpose you want.
After agreeing to a unified credit request, the financial institution chooses to filter all its previous balances (at least, provided that it is not submitted) and becomes its only creditor.
Credit unification may provide a decrease in the monthly installment amount, which leads to a significant decrease in the voltage rate – an indicator that measures the percentage of the monthly budget to pay financial fees.
Advantages and disadvantages of unifying credits
Standardization of credits is an excellent solution to improve your money, but there are aspects that must be taken into account.
Advantages to unify credit
- Reducing the value of the monthly installments, which reduces the voltage rate.
- Ease of financial management, with only one monthly installment and a longer final date.
- Access to low interest rates.
- Definition of a fixed history to push the payment.
- The ability to obtain additional financing.
Disadvantages of monotheism credit
- The longer payment period, which can lead to a M (The total amount calculated on the consumer) is higher.
- Not available to non -compatible customers.
Standards that are a good choice of debt is a good choice
Some unified credit consumers choose to better regulate the payment dates, but the main feature is to reduce monthly fees.
If, when calculating your voltage rate, it can be observed that it exceeds 35 %, and if it has not yet decreased to incompatibility, this may be the perfect time to solve the credits.
How to use uniform credit simulation to determine?
With the digitization of the financial sector and the appearance of online credit simulation devices, uniform credit demands have become simpler and faster.
Practical example:
Imagine that it has two consumption credits for a total of 15,000 euros, with monthly installments of 670 euros.
Its monthly income is 1500 euros, so the voltage price will be, according to the voltage price formula:
Monthly financial fees with credit / monthly income x 100
account:
670 /1500 x 100 = 44.6 %
Since this rate is high (higher than 35 % recommended by Banco De Portugal), he decides to search for uniform credit.
After simulating the UNIBANCO credit page*It finds a solution to unify 15,000 euros and add additional financing of 5,000 euros, bringing a total of 20,000 euros to pay in 84 months.
Simulation contains a monthly batch of 377.54 euros, which leads to a new effort of 25.1 %:
377,54 / 1500 x 100 = 25.1 %
With this reduction, it can provide approximately 300 euros per month, which greatly reduces its budget.
How to apply with the request?
After simulating, if you decide to employ a unified credit, only you have to click the “request credit” button available on simulation. In just 3 minutes, your order will be completed.
* Simulation is a value of 20,000 euros to pay 84 study of 377.54 euros. Tan 13.700 % and Taeg 15.9 %. Mtit € 32,066.17.
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