Loans – Effective Interest Rate Calculator

Need to calculate your annual effective interest rate on your loan? This is a loan calculator for just this. How does this calculator work? The formula is as follows: Annual effective interest rate = (1 + year interest rate / […]

Know what types of loans

  Unforeseen events, emergencies, impulse purchases, unemployment. There are a number of reasons why someone may run out of money and have to borrow. And with so many types of loans available, it is only natural that there are doubts […]

Own mortgage loan

At banks there is a mortgage loan offer called home loan mortgage angle. In the offer, the margin charged by the bank is currently 1.4%. As for the interest rate on the nominal loan, it amounts to 3.02% per annum. […]