Loan FAQ

Interest rates are the sum that the lender applies to the service that is provided, taking into account potential risks and market prices.

Definitely contact the lender’s customer service specialists to find a mutually acceptable solution. Don’t try to hide or avoid your obligations, because that will mean additional costs for you down the road.
To avoid such situations, be careful about your expenditures so that you can repay the loan on time and in full.

There is usually a number of lenders available, to understand that if you need a loan, you will probably make do with one high-quality choice. As is the case with service providers in other areas, lenders will not always offer services at a quality level that is acceptable to you.
Before borrowing money, definitely compare interest rates and the terms of the loan, and contact client service specialists to find out about any other costs that relate to the short-term loan. The ability of those specialists to answer your questions will allow you to evaluate the lender’s professionalism, thus deciding whether you want to take out a loan from the lender that you have contacted or look for another lender.
Ask your friends and acquaintances about their experience with the specific lender.

Your loan agreement should state the annual interest rate, and it is calculated on the basis of the same criteria at all financial institutions.  The interest rate is equal to the current value of all existing or future obligations (the sum of the loan, the repayment and the relevant costs), as agreed by the lender and consumer and expressed in annual percentages of the total sum that has been lent to the consumer.