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Home Loan Calculator

Today, loan products offered under the name mortgage or mortgage are usually created by offering very long installments to make people homeowners. Although interest rates have increased considerably in recent years, it is known that these interest rates have been reduced considerably by the initiatives of both the government and institutions in the last two years. Now, with a interest rate of less than 1%, you are now able to take out housing loans, and at the same time, you don’t pay too much for these loans.

Of course, some banks can incur a lot of expenses by orientating, so to speak, but you are not obliged to take them most of the time, and if you are a conscious user, you can specify that you do not want them in the mortgage calculation process.

What is Mortgage?

What is Mortgage?

Housing loan or mortgage loan product name with almost every bank has to offer in Turkey; As the name suggests, it is the money given with the aim of making people housing. While the state can provide housing loans to some non-income groups at certain periods without interest, banks are also able to offer these loans with very low interest rates today.

While the principle of calculating the housing loans of each bank is different, we can see that most institutions concentrate on interest rates and expenses. When you receive a housing loan, some of the charges from you are compulsory and others vary on demand; for example, TCIP insurance is compulsory; life insurance is not obligatory in any way.

You may need to pay some attention to such things when you get a housing loan. Below, we’ve also explained how to deal with such things when calculating a mortgage.

How to Calculate Home Loan?

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Most of the time, banks can make their own loan calculation process through their customer representative. In fact, there are many websites for housing loan calculation nowadays, but in a very short way, you can calculate your housing loan. The compulsory cost items offered to you in the housing loan are as follows.

  • File costs
  • Commission
  • Appraisal fee
  • TCIP
  • Interest rate

In addition to these five fees, there are also non-mandatory costs that are offered to you. These may be life insurance or major insurance items. It is possible and you have the right to refuse them at the time of the loan.

By collecting the five mandatory mandatory factors above, you can directly calculate the cost of your loan and the overall debt amount. Most of the time, however, the fees for all information other than the interest rate vary by bank. Therefore, in order to know these fees, you should first consult the banks. After going to a bank’s branch and getting this information, you can perform the loan calculation with the desired amount of credit.

Home Loan Calculation Program

Home Loan Calculation Program

At home, instead of making calculations by hand, nowadays, many websites or banks have credit calculation tools on their sites and you can use these to learn the costs of your housing loan and find the total amount you will pay.

Credit calculation tools available on the banks’ websites can provide you with the most reliable and up-to-date interest rates, expense amounts, and require little information from you. The information you enter will often include only the desired maturity rate, type of credit, amount of credit. When you click the “Calculate” button, detailed information can be presented to you by the bank.

How is the monthly loan amount determined?

The main factor in determining the monthly payment amount of the mortgage will not be your main amount. In addition to the main amount you want, the interest rate and, of course, the charges reflected to you are added to this loan. This is your main debt.

It is also possible, and often simpler, to make such calculations from the above mortgage loan programs.

What are the required documents for housing loans?

Many banks can now request different documents for housing loans, but the common and often mandatory list of documents is as follows. You will be able to save time by taking them with you.

  • Application form (can also be completed there).
  • Identity card or driver’s license, along with a photocopy.
  • Your payroll or any document showing your income.
  • For those who have a profession, a document from the profession.
  • If the house to be purchased has been decided, it is a title deed or a copy of the title deed.

As we said, apart from the main documents, the bank may also request some extra documents from you.

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A personal payday loan to make the balances in January

Temptations are numerous during the sales period. And now that we are in mid-January, the offers will become even more attractive. But what about your budget? If you do not resist the attraction of -40%, -50%, … a personal payday loan may be useful.

A personal payday loan can be used to make balances

A personal loan can be used to make balances

A personal payday loan is a consumer credit in the non-vouchers installment class. It means that it can be contracted without a specific goal. It is therefore entirely possible to use the money thus borrowed to make the balances.

You have until January 31, 2016 to make good deals. You can compare personal payday loan offers on MyFinance.be before you decide to finance your purchases.

But it can also be used for many other things

payday loan

In fact, apart from having fun during sales, an installment loan without proof can be used to finance any project or purchase. If you have a big event to organize as a wedding. Whether you want to improve your home by buying new furniture or revising the decor, … The personal payday loan is the solution that allows you to not touch your reserves.

An alternative, the money reserve

An alternative, the money reserve

This is another form of credit without proof. It differs from personal payday loan in particular by the fact that the rate of repayments is not necessarily constant. Moreover, the sums you reimburse again become available to be borrowed again. For more information, see our comparison of cash reserves.

If you have doubts and you do not know which formula to choose, our guide “I need a credit, yes but which one?” Can certainly help you.

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So you get a loan without rejection

Getting a loan is easy, but that’s why not everyone is possible. Many people are afraid of rejecting a loan because of their personal preconditions, which are often based on too much or too little income. However, a loan without rejection is still advertised by some banks and quite possible with some compromises.

A loan without rejection is not cheap

A loan without rejection is not cheap

If a bank wants to guarantee a client that they will not refuse their loan application, they may be taking a huge risk. In the past, the customer could already have attracted attention due to poor payment behavior and the lender has to fear that the repayment installments will be missed. Therefore, a loan without rejection will never be very cheap, because the risk is of course included in the calculation of the interest rates.

In addition, as a borrower you may have to pay an increased processing fee. A favorable interest rate will not be awarded to a bank that promises to grant credit to almost everyone. This compromise has to be made if there is no other alternative. However, every offer – especially if it is apparently very cheap – must be critically scrutinized and checked.

Good conditions create approval

Good conditions create approval

However, not everyone has to fear a rejection. Many people already have very good cards due to their requirements, to get almost any credit granted. This does not always mean a high income, but only sufficient in relation to the loan amount. You can expect a loan without rejection, for example, if you apply for a small loan to 5000 euros and can prove a secure full-time job with regular income. In addition, existing securities are always a guarantee for a license. A loan without rejection can be very cheap with the necessary conditions. The lower the risk that appears as a borrower, the cheaper will be the offer that you can expect.