January 3, 2020

Credit with final installment

  Loans come in many different forms and for just as many different purposes. And so there are also loans that are agreed with a final installment. This agreement is concluded if a loan still has a remaining debt at the end of the term and this cannot be repaid with the help of follow-up financing that takes place immediately. Auto loans are usually at a final rate A loan with a final installment is often a car loan. This has several key advantages for the borrower. Because the slightly higher final installment enables the bank to grant it very favorable interest rates for the loan. These low interest rates…