Cleopor loans, for those seeking flexibility in payments

Cleopor loans, for those seeking flexibility in payments

What is meant by flexible loans and how do they actually work? The flexibility of a loan corresponds to the possibility or not of personalizing the repayment and above all changing the conditions even once it has started. Flexible loans are those that allow you to lower the monthly payment by lengthening repayment times or on the contrary to speed up the time to close the loan early and save on costs and interest. In other cases it may be allowed to skip the payment of one or more installments that are moved to the end of the loan, lengthening the time. This option is very important to overcome a temporary economic difficulty without consequences, because it avoids seeing the payment delay in credit history, which should remain as clear as possible to easily obtain new loans in the future.

Several financial institutions have studied solutions to meet an increasingly widespread need for payment flexibility. Generally the activation of loan customization options is offered at no additional cost, in doubt it is however best to check at the time of subscription, and the same applies to the possibility of partial or total early repayment.

The Cleopor loans bring into play all the possibilities described, allowing the customer to add to the basic formula Easy Classic, the options Change, Jump, or both, choosing the Easy Flex loan. The installment exchange option can be used 5 times over the entire duration of the loan, obviously lengthening repayment times accordingly, and the same is done with the installment jump option. By choosing to have both of them, the customer can skip or modify the installment using each option for a maximum of 5 times. As an alternative to the loans of the Easy range the customer can choose Total Flex, which focuses on maximum loan customization in the initial choice of installment and duration, plus options for exchange and deferral of repayment and free early repayment.

Loan estimate of 10000 euros

Loan estimate of 10000 euros

 

Financial: Sumple Loan
Product: Personal Loan
TAN Fixed: 4.25%
APR: 4.44%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.117

Monthly installment € 185, 28 Feasibility check 

Financial: Ultranix
Product: Personal Loan
TAN Fixed: 5.16%
APR: 6.70%
Loan duration: 60 months
Amount Financed: € 10.146
Total due: € 11.735

Monthly installment € 193, 19 Feasibility check 

Financial: Astrofinance
Product: “Your Projects” Credit
TAN Fixed: 6.01%
APR: 6.18%
Loan duration: 60 months
Amount Financed: € 10,000
Total due: € 11.602

 

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