Overpay the loan as little as possible

Do you want to arrange a loan in the near future? But you do not yet know who to turn to, but do you know you want to pay as little as possible? Then you should especially follow the maturity. It determines how much you overpay the loan or how much you save.

Stereotypes and myths that are instilled in society


Almost everyone is probably surprised right now. We have always been instilled that the most important are monthly payments, which we should try to have as low as possible. But this is not true, which is merely a figment of the marketing department.

If you have the lowest possible repayments, it means that you also have the longest possible repayment period and therefore the highest overpaid amount. This is, of course, the most advantageous for the lenders themselves, but it is absolutely disadvantageous for you as the debtor.

How to get the best possible loan?


So forget about this myth very quickly and start to follow common sense and logical mathematics. Here’s an example of an Air Bank loan. You can borrow from USD 5,000 up to USD 600,000, so for our example, we choose the amount of USD 400,000. You can borrow it from 13 months to 96 months.

If you followed the marketing moves, you would choose the longest repayment period, with only $ 7,106 off your budget per month. Although these are the lowest possible installments and many prefer to have a certain financial margin, this is not the most advantageous option. In this case, you overpay the entire 282 060 USD.

Borrow for the shortest possible time


To avoid having to overpay such exorbitant sums, you should borrow for the shortest possible time. In our case, for example, the above 13 months. In this case, even if you have to put off your budget of USD 33,265 each month, you will eventually overpay only USD 32,436, so this is one of the best deals.

Applying for loans through capital lender is easy. An online loan application is sufficient to address both banks and private investors at a serious level. Of course, the borrower decides who gets the loan.

Our customer support team is fast and efficient to clear all your doubts regarding personal loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.