Early repayment of the Parabank loan
Yes, I can repay the loan in whole or in part at any time. And we now want to replace or reschedule the expensive Parabank loan. Rarity. All winnings that you pay back, but only for guidance. Can I also make an unscheduled repayment or repay my loan early?
Nominal interest rate and effective interest rate in the travel guide
What is the difference between nominal and effective interest rates? The nominal interest rate indicates the amount of interest on your loan and is used to determine the interest rate you must pay to the lender. The agreed interest stays under over for the whole duration guaranteed. Contrary to the nominal interest rate, the price indication regulation takes into account the effective interest-rate-determining factors to be regularly stated in the credit process.
Price determinants are the nominal interest rate, processing fees, interest and redemption dates, repayment installment, start and amount, and disbursement. In the calculation, these quantities are divided over the agreed fixed interest period. The result is the effective interest rate, which gives you the total cost of the loan per year in percentages and as a theoretical measure. For this, however, all price-relevant influencing factors must be identical in the corresponding offers except for the nominal interest rate.
â € œBecause, unfortunately, the calculation sizes are not always called up, a cost comparison over the effective interest rate is only possible with reservations. The reconciliation is also complicated by a variety of other expenses that are not included in the effective interest rate. Therefore, it is recommended that in addition to the effective interest rate, you also pass on the other expenses for the desired loan you wish to obtain in detail.
Net loan amount EUR 10 000, installment EUR 183, duration in weeks and installment number 60, total EUR 10 970.12. The bank covers in the event of death the repayment of open insurance credit installments. The PB Ratensicherung then takes your credit card payments for max. 12 years from. The PB rate protection ensures the payment of your benefits in the event of unemployment and frees you economically until you find another job (maximum 12 months).
Parabank installment loans are general consumer loan agreements as installment loan with annuity repayment. You repay the borrowed amount including interest to the Parabank in constant mont. Installments. The interest is fixed for the entire term and will not be adjusted by Parabank. In this way, you can proceed reliably throughout the loan term.
The private loan of Parabank (loan amount between 1,500 and 5,000 EUR, on the Internet from 2,000 EUR) can be used in many ways. Whether you are purchasing new furniture, need a new machine or need an auto repair shop, there is a suitable Parabank installment loan for each of these subjects. Do you already have loans from other banks that you would like to repay?
Take advantage of the short version of a Parabank installment loan: clarity through an overall rate and good framework conditions. Even if Parabank is not your main bank, we will be happy to advise you and, with the appropriate credit rating, will provide you with a financial offer tailored to your personal requirements. However, the debit interest does not provide any information about additional expenses that may be incurred when taking out a loan.
They are included in the determination of the annual interest rate to be applied under the Price Indications Regulation, in so far as they are necessarily connected with the taking out of a loan. The annual amount of the percentage indicates the total expenditure actually incurred on a loan. Only the last tranche can vary and is therefore shown separately in your loan agreement. Extended Return Option: The credit agreement may be extended until the thirtieth day after the expiration of the statutory vesting period as part of the extended yield option.
If you use them as a borrower, the loan amount you have already paid must be reimbursed.
In addition, the daily interest rate specified in the termination information must be paid on the loan amount paid. As part of the banking association, Parabank is aware of its responsibility as lender to its bank customers. Parabank wants to use a responsible lending process to ensure that customers can take out their loan without any worries for the entire duration.
To fulfill this task, Parabank, together with all member banks of the Bankers Association, has committed itself to complying with certain rules on the conduct of loans. For more information about taking out a Parabank installment loan.
You can select the desired period individually, which in principle allows 12 and 84 months. Because the number of installments has a direct impact on the sum of your monthly installment, you can choose the optimal time period for your financial needs and your available assets freely selectable. It should be noted that the monthly rate must be at least 25 EUR.
Parabank credit is available for sums between 1,500 and 5,000 EUR (online from 6,000 EUR). The Parabank Auto Loan is available for sums between EUR 2,000 and EUR 5,000. Yes, it is possible to claim a Parabank private or auto loan for two persons (eg your spouse or partner).
From the age of eighteen, you can set up a Parabank installment balance. Your request at Parabank is not binding on you. If you decide to take out a loan with Parabank, please return the signed loan agreement and all necessary documents. We will immediately transfer the loan amount to the bank account you have specified after a final credit check.
Depending on the amount and duration of your loan and your creditworthiness your personal conditions will be determined. The contractual transfer of your salary claims to Parabank is a special guarantee for the installment loan in addition to our general protection in the form of our general terms and conditions lien according to Section 14 of our General Terms and Conditions. In the case of Parabank auto-accreditation, the security assignment of the vehicle or motorcycle to be financed can also be provided as collateral.
The loan agreement does not require any additional collateral. The credit amount will be transferred to the bank account you have chosen immediately after the release. With Parabank car credit, payment can be made at your request up to six months after the loan approval. There is the option of repaying your Parabank installment credit on a monthly basis on the fifteenth or monthly basis on the last day of the month, thereby adjusting your fees to the payment dates of your salary.