You have already made loans with your bank or financial organizations and you want to group all your credits at the most attractive rate. Ask your finance or broker to find you the lowest rates for a loan buy-back from their lenders. The repurchase of credits makes it possible to regroup its various credits in a single loan, over a single duration and a single monthly payment. Thanks to the repurchase of credits the monthly payment decreases, but the duration of the credit increases. After combining the credits, the future debt ratio decreases and at the same time the remainder of living increases.
The loans, since the banks were invented, have been contracts in which the client receives money from the entity. Meanwhile, the first one agrees to pay it at a certain time and under certain conditions. An online loan is the new face of our loan agreements with banks. Technology and digital identity are today, a new way of accessing benefits and new ways of doing business.
Credit SimulatorThat is why entities such as Good Finance grow the financial world digitally by granting loans online. Having to lose a whole morning coming and going from a bank, sitting waiting to be served, then waiting at least a couple of days to receive an answer and then acting with an answer in hand is one of the many vicissitudes that arise With regular bank loans. With a credit simulator like Good Finance’s, the information is for everyone in a matter of seconds.
How Good Finance worksGood Finance specializes in helping all types of people choosing loans online at their convenience and works in all circumstances. With the technological development of business and, above all, current banking, user information is digitized for business use and every interaction, operation or change is recorded forever. The credits do not escape technological innovation, the financial system being one of the first that users expect to be digitally transformed. The web portals currently offer some bank credit simulator in which one of these loans can be quickly calculated. All banks that offer this type of service generally have some specifications to calculate the value of the credit to be granted. Among them they can be:
- Value of the property: It is considered to verify that the amount of the loan to be requested is allowed by the bank rules or the laws of the country.
- Initial fee: The amount requested from users. It does not always equal 10% of the total value of the loan.
- Credit amount: The magic number. How much do you need?
- Deadline to pay: You choose the one that suits you best.
- Personal PDatos: They usually ask everyone who has to do with your identity.
The Good Finance credit simulator works differentlyWhen you enter the Good Finance website you can request the credit you need on your page, by clicking on a button that will take you to a credit simulator. There you can get an idea of the credit process in terms of payment and interest, always taking into account the amount of money requested and the term set by yourself to pay them.
After using the credit simulatorIn a hypothetical case, you can make some decisions based on your experience with the credit simulator. Let’s say the initial fee is less than you thought and you are willing to pay more money in each installment. In that particular situation, you can change one of the Paying in less time is equivalent to a slightly higher monthly fee, and less interest in the total credit. You can see the effect of changing this variable as well. Initially ask the credit simulator for long-term calculation. You will see that the total credit value will be lower because you will not pay interest for two years. Now, suppose the quota is higher than your expectations:
- Modify the value of the credit to request. Request less money.
- Extend the deadline, ask for more time
What are credit simulators for?It is a tool that will help you project what the interests, costs, and rates of the products you want to acquire will be so that you make an informed decision. Simulators are useful for comparison. You could tell which bank is lending at a lower rate. The important thing to be able to make a good comparison is to repeat the same information on each form. If you don’t have time, we help you get the best deals for your credit. Good Finance is the ideal tool to request your loans and acquire them in a short time. Loan simulators are online calculators, which offer almost all financial institutions, and that helps to know what type of credit and which bank best suits our needs. Although the simulators are very useful, you have to keep in mind that before looking for a loan or asking for it, it is necessary to know how much money is needed and how much you want to borrow, since you will know what kind of interest you can pay. When using a simulator it is very simple since normally you only have to include two data:
- The amount we want to request
- The terms of return of the same (days, months, years).