An installment loan , also called a personal loan , can be applied for for many things. For example, you may want to purchase expensive furniture or organize a large party. The installment loan is a suitable credit for this. Via you can easily simulate your options.

Why an installment loan

There are many different purposes for which you would like to take out an installment loan . The provider of this credit will therefore not ask about your goal, they will only ensure that you can bear the monthly costs. With an installment loan, you determine for what purpose you use this credit. In addition, this way you keep money on hand and you have sufficient financial leeway when spending large amounts. You can apply for an installment loan for relatively low amounts. The rates and duration are tailor-made for you. After the simulation, it is therefore advisable to request a meeting with the financial institution to look at your personal situation.

The simulation

If you want to make a simulation of the installment loan, you need to enter some data in the calculator. For example, it is important that you consider an amount in advance and have made a well-considered choice. The installment loan will be up to US $ 100,000 with most lenders . In addition, you choose the term of the installment loan. The term can vary from 6 months to 120 months, which equates to 10 years. In this way you can adjust the installment loan entirely to your own personal situation.

Simulation as an indication

Because every credit is different and every applicant is different, the simulation is only given as an indication. It is a first impression for you about your options for applying for an installment loan. The simulation is therefore not binding. You need to make an appointment for this with a specialist from the financial institution. You will then receive a tailor-made proposal. This way you know in advance what to expect and you will not be faced with surprises afterwards. In addition, together with the specialist, the level of the interest rate and the repayment is also examined more closely. This way you know exactly how much you need to pay each month to pay off the installment loan.