Many reasons are conceivable for taking out a personal loan , such as making a trip or organizing a party. The lender therefore does not ask questions about what you take out the loan for. To obtain an insight into the amount of the personal loan in advance for yourself with the associated monthly charges, you can simulate your personal loan at .

Personal loan

You can take out a personal loan for various purposes, it is often the case that a personal loan is taken out to support children who are studying or for the purchase of furniture, electronics or other equipment. It is therefore not important for the lender for which you take out the loan. You can determine the amount of the personal loan yourself, as well as the term. The term can vary from 24 to 48 or even 120 months. After you have taken out the loan, you immediately have the full loan amount at your disposal. The bank charges are expressed as an annual cost percentage (APR) and calculated in advance over the total term. This percentage is then added to the loan sum. The repayment of the personal loan takes place by means of proportional monthly charges. Finally, the personal loan does not have any forms of collateral, such as a mortgage , this affects the level of the interest rate.

Simulating the personal loan

When simulating the personal loan, you fill in your own wishes, for example about the amount of the loan and the term. It is important that you enter this information carefully, so that you can also fulfill the payment obligation later. On the basis of the simulation, you will get an overview of a number of things that are important before you take out the personal loan. This will give you an overview of the monthly repayments and interest charges.

In person

The conclusion of a personal loan is completely adapted to your personal situation. This way you and the lender know that you can meet the monthly obligation payment. The simulation of the personal loan therefore only provides you with a first insight into the options that you have. After the simulation, you can request further information from the provider of the loan. They can guide you in the right way so that you will not be faced with surprises afterwards. The application for a personal loan is in most cases assessed by the provider on the basis of their own disposable income.