Home loans take off thanks to low interest rates

Posted onCategoriesUncategorized

 

Home loans take off thanks to low interest

Home loans take off thanks to low interest

Definitely favorable period for all those who are looking for a home loan solution to realize the dream of owning a property. Despite the still uncertain economic period, the evidence is clear: now it is easier to obtain additional liquidity to make projects thanks to the interest rates applied by the various credit institutions that are positioned at ever lower levels.

According to what was disclosed only a few days ago by the last Report edited by the Association, the positive dynamics would not only concern the sector of loans for the home but, more generally, the great growth would concern in a substantially indistinct manner the entire consumer credit sector.

At the end of May 2017, the aggregate of loans to private individuals and loans to businesses recorded an increase of + 0.8% on an annual basis, reaching a quota of 1,800 billion euros. With this result we are facing the seventh consecutive month characterized by the plus sign. Interest rates have strongly contributed to this clearly growing trend: the average, at a total level, stood at 2.79%, reaching the historical low ever recorded by the associatio. Just to give a concrete example, the same value before the crisis was at 2.81% while in 2007 at 6.18%.

Another positive evidence found in this Report concerns net non-performing loans, ie net of write-downs made by banks and various institutions with their own resources. Net non-performing loans stood at very low levels, around 77.2 billion euros, a figure that had never been so low since May 2014. At a general level we are talking about a share that shows a decline of 0.6 billion of euro compared to the previous 30 days and € 9.6 billion compared to December 2016.

Loan estimate of 10000 euros

Loan estimate of 10000 euros

 

Financial: Sumple Loan
Product: Personal Loan
TAN Fixed: 4.25%
APR: 4.44%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.117

Monthly installment € 185, 28 Feasibility check 

Financial: Ultranix
Product: Personal Loan
TAN Fixed: 5.16%
APR: 6.70%
Loan duration: 60 months
Amount Financed: € 10.146
Total due: € 11.735

Monthly installment € 193, 19 Feasibility check 

Financial: Astro Finance
Product: “Your Projects” Credit
TAN Fixed: 6.01%
APR: 6.18%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.602