Manhigut – Loans And Mortgages Information

Main characteristics of the loan

by admin on 03/09/08 at 3:12 pm

Here we list the main features that a loan must have and can not miss:

1. The interest rate charged;
2. Any other price and terms offered, including higher charges in the event of default;
3. The amount and modalities of financing;
4. The number, amounts and maturity of the individual rate;
5. The annual percentage rate (APR);
6. Details of analytical conditions under which the APR may be amended;
7. The amount and the purpose of charges that are excluded from the calculation of the APR (if you can not clearly indicate these costs should be shown a realistic expenditure, in addition to this amount, you may not be imposed on any payment);
8. Any guarantees;
9. Any insurance coverage that you were required and not included in the calculation of APR.

Also remember that no amount may be required if not specifically with a clause in the contract.