![[:ro]Ce intră în prețul creditului?[:]](https://microinvest.md/wp-content/uploads/2019/11/1024x488px_3.webp)
When comparing lending offers from different organizations, keep in mind that a lower interest rate does not guarantee a cheaper loan. In addition, the price of a loan includes various fees that can significantly increase the price.
There are single, monthly and annual fees, which are calculated based on the total amount of the loan or its balance on a given date.
Below is a list of possible commissions that will make your analysis easier and a small example for comparison.
| List of possible commissions related to the loan |
| Commission for the examination of the credit application Disbursement fee Service commission Commission for on-demand services (eg credit balance certificate) Commission for preparing the package of documents for disbursement of credit Commission for accepted risks Early repayment charge Commission for changing credit terms (eg changing guarantor and guarantee / pledge) |
Example of calculating the final credit price with the same interest rate, but with different fees
| Credit no. 1 | Monthly payment | Total amount to pay | DAE | |
| Amount | MDL 10 000 | MDL 888,89 | MDL 10 666,75 | 12,68% |
| Term | 12 months | |||
| Interest rate | 12% | |||
| Disbursement fee (single) | 0% | |||
| Service fee (monthly) | 0% |
| Credit n0. 2 | Monthly payment | Total amount to pay | DAE | |
| Amount | MDL 10 000 | MDL 1 005,05 | MDL 12 360,57 | 51,03% |
| Term | 12 months | |||
| Interest rate | 12% | |||
| Disbursement fee (single) | 3% | |||
| Service fee (monthly) | % |
To obtain a loan, you may need a sum of money to record the guarantee, its valuation and insurance (in the case of mortgage loans). Minimum amount for movable property – 300 lei, real estate – 2,000 lei.
Make sure you know the final price of the loan, the amount to be repaid monthly and the date of its payment. Read the contract very carefully, all its points are important, especially those written in small font. You have the right to request and obtain information and a model of the contract, before signing it to make the necessary analysis and calculations.
Choose your financial partner in an informed and responsible way.
GMW March 25-31, 2019
www.globalmoneyweek.org
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