This term is, as they say, a double-edged sword, example india phone number since it will determine, on the one hand, the interest to be paid, but, on the other, the value of the installment. In summary, a high repayment period implies a lower monthly payment but higher example india phone number interest, and on the contrary, a low repayment term entails a higher monthly payment but lower interest.
How to choose a date for my evolution example india phone number period? What interests me the most? Do I prefer to pay more money to have greater flexibility when paying the monthly installments? Or the opposite? … are some example india phone number of the many questions that arise. After a long history, and as experts in the comparison of loans, we emphasize that there is no better alternative for all people who access financing, since the example india phone number situation of each of these is different. In addition, everything will depend on your financial and financing needs.
On the other hand, it is true that we can example india phone number apply a criterion to most cases, the 35% rule. In no case should more than 35% of the income be used to pay the total debts. Therefore, in the case of a person example india phone number whose income is € 1,000, sale lead their monthly expense should not exceed € 350. And, of course, these € 350 must include, not only the monthly repayment of the loan, but the rest of the example india phone number interests that the person has, such as the mortgage payment, the insurance of their car, etc.