Yes, it can happen in life that we need to turn to a payday loan. Unfortunately, a significant part of the Hungarian population does not have enough money to save for 2-3 months if they lose their income. From here, we can easily get to a situation where some financial resources are really needed. But look out, it doesn’t matter which one is our payday loan!
What does the money need?
Interesting, but the most common goals include apartment renovation. However, we could even take out a mortgage. In addition, it is common to cover school-related expenses. In fact, sometimes even on vacation. What is more worth mentioning is the replacement of faulty technical items, such as the washing machine or refrigerator.
It is not up to us to decide when to borrow. We can agree that the above items are hundreds of thousands of forints. How much money can we get for that amount?
Let us count!
Just as with home loans and payday loans, it is incredibly important not to nod at the first offer that comes up against us. Here too, we can regret a lot of money if we make the wrong decision. That is why we use the loan.hu payday loan calculator! Although we do not have to account for such differences as with home loans, this is understandable as the amount borrowed is not that great either.
For example, let’s look at a $ 1 million 4-year payday loan! According to the loan calculator, the cheapest offer is 25,840 HUF, while the most expensive offer is 29,374 HUF.
The difference is HUF 3,500 per month, which is HUF 168,000 over four years. That is, more than 15% of the loan taken. It may not seem like much at $ 3,500 a month at first, but $ 168,000 is already obvious. Don’t give it to the bank unnecessarily if it can stay with us.
payday loans are any conditions that are not understood exactly hurt, so we encourage you to contact us! We help you get the best deal financially.