Borrowers save hundreds of euros with special repayments (PHOTO)
Munich (ots) –
– One-time special repayment reduces interest costs in the example by 150 euros
– Consumers shorten the loan period considerably with special repayments
– Over 300 CHECK24 experts advise on questions about the digital
Tax refund or Christmas bonus: consumers with an ongoing
Installment credit can use payments at the end of the year for a special repayment. In
An example calculation shows the savings from a one-time special repayment
at 150 euros and the loan is paid off six months earlier.
“With a special repayment, borrowers save interest costs and are much earlier
debt-free “, says Christian Nau, Managing Director Loans at CHECK24.” At
Many banks can do this free of charge at any time, that is what matters
Agreement in the loan agreement. “
Example: A one-time special repayment saves EUR 150 in interest
A borrower pays 1,000 for his loan of 10,000 euros after one year
Euros back, he reduces his interest costs by a total of 150 euros. The
The remaining term is reduced by half a year – from 48 to 42 months. The savings potential
The more frequent consumers make special repayments, the higher the one-off
Payment defaults and the earlier you make it.
Special repayments are free at many banks
Banks are allowed a so-called early repayment penalty for a special repayment
desire. However, the fee is based on one percent of the amount repaid early
Amount limited if the borrower still has to pay more than twelve installments
Has. In the example under consideration, no more than ten euros are due. are
If there are fewer than twelve installments open, banks may charge a maximum of 0.5 percent.
The majority of banks do without one completely
Prepayment penalty. However, there are often certain requirements for this
– for example, a special repayment is only once a year or up to one
fixed amount free of charge. See the conditions of the respective bank
CHECK24 customers before taking out a loan in comparison result.
“That is why it is particularly worthwhile to have one before the turn of the year
To sound out special repayment, “says Christian Nau.
A digital loan agreement saves you going to the post office or bank branch
Since the beginning of 2017, CHECK24 has enabled the completely digital recording of a
Credit. The personal signature and the mailing of the
Credit agreements to the bank are no longer necessary. Also the
Identity verification is done from home, by digital
Video identification process.
More than 300 credit experts support consumer questions about installment loans
Consumers who have questions about a consumer loan will receive over 300
CHECK24 loan experts continue to provide a personal one seven days a week
Advice by phone or email. The loan experts also advise on the subject
Special repayment and know which providers offer this option free of charge.
CHECK24 is Germany’s largest comparison portal. The free one
Online comparison of numerous providers creates consistent transparency and customers
often save a few hundred euros by switching. Private customers choose from over
300 car insurance tariffs, over 1,000 electricity and over 850 gas providers, more
than 300 banks and credit intermediaries, over 300 telecommunications providers for
DSL and cellular, over 10,000 affiliated shops for electronics, household
and car tires, more than 150 rental car providers, over 1,000,000 accommodations,
more than 700 airlines and over 75 package tour operators. The
Use of the CHECK24 comparison calculator as well as personal customer advice
seven days a week is free for consumers. Receives from the providers
CHECK24 a remuneration.
CHECK24 supports EU quality criteria for comparison portals
Consumer protection is the top priority for CHECK24. Therefore participates
CHECK24 is actively involved in the implementation of uniform European quality criteria
for comparison portals. The EU Commission’s catalog of principles “Key Principles
for Comparison Tools “contains nine recommendations on objectivity and transparency,
CHECK24 fulfills all points – including rankings,
Market coverage, current data, customer ratings, user friendliness and
Florian Stark, Public Relations Manager, Tel. +49 89 2000 47 1169,
Daniel Friedheim, Director Public Relations, Tel. +49 89 2000 47 1170,
Further material: http://presseportal.de/pm/73164/4766524
OTS: CHECK24 GmbH