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There are no more stopped installments on loans. If they haven’t already done so, the banks will charge you the first installment after the moratorium at the end of this month, and it will certainly be higher.
For some, the growth will be so great that they will immediately want to resolve the increase in installments that will last until the loan is repaid. And it is possible, and we have analyzed how and how much it will cost you.
It is true that many people appreciate the break, but there are also citizens who did not pay attention to the fact that the banks charged regular interest in this period (only that they did not charge it), and that this amount will be added to the remaining debt.
Banks have offered clients three options when it comes to proceeding with loan repayments. Those who do not want higher installments throughout the repayment period are offered the option of immediately paying all the “skipped” monthly installments in full, contacting the banks and settling their debt for this period.
After that, they continue to pay exactly the same installment as before the introduction of the moratorium, and the total repayment period of the loan remains the same.
For example, if you stopped your mortgage loan with a monthly installment of 300 euros during the five months, and you saved money for those installments, you can go to the bank and pay 1,500 euros, to continue repaying the loan according to the expected rate.
The second option allows clients to pay only the interest calculated during the moratorium, while its repayment term is extended and the principal of this term will be charged at the end, in the additional months that the delay lasted.
Specifically, if a monthly installment of 300 euros consists of 150 euros of principal and 150 euros of interest, this means that once the default is over, you can pay 750 euros of interest if you have used both delays (five months in total), while Five principal will be charged at the end of the loan repayment, in an additional five months. In this case, the war will be the same as before the moratorium.
What if you have a cash loan?
If you have a cash loan with a fee of 150 euros, half of which is interest, you must pay 375 euros for five months of inactivity and continue to repay the fee as before. The last top five will expire an additional five months, at the end of the repayment period.
Kurir.rs/Blic
delivery courier
Author: delivery courier
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