Commercial cooperation Instabank: did you Know: Many pay their loans too expenses every month - tips with which you can save up to hundreds of euros

Consumer loans and micro loans, the monthly payments rose surprisingly high.When you combine your loans instabank the refinancing, leaving you with more money to use every month. MOSTPHOTOS

the kitchen renovation, new washing machine, a car loan, a family vacation trip. Life will be constantly in front of items that are either essential for the everyday smooth running of the terms or simply quality of life or the joy enhancing.

the Best option should pay all costs always time out. For most people however, it is not possible, and therefore more expensive in procurement to pay number of consumer loans, credit cards and pienlainoin.

the problem is, however, that each loan and credit will have to pay a separate, often fairly high interest rates, as well as the monthly account management fee.

Unfortunately, many finns do not even know how much the extra costs they have to pay their loans every month. For example, if you pay off four credit, each of which is a 5 euro transaction fee, makes it a year, 240 million - and this does not include yet the interest rates on loans.

Pruning all unnecessary expenses

the Finnish law according to the customers interest rates on loans granted shall not be higher than 50%.

Many customer of the loan is, however, also other additional expenses that result in real borrowing costs could rise considerably higher, instabank's ceo Robert Berg recalls.

Instabank is loans and savings concentrated in a new kind of online banking, the aim of which is to help the finns to reduce their loans monthly payments.

a Large part of the instabank's customers use it according to berg, the loan refinancing. This means that one larger loan to pay off several small loans and credit.

Berg illustrates an example, where the customer has three small loan, the total amount of eur 10 000.

- When the average nominal interest rate is 22 percent and monthly payments of eur 15, customers can save 763 per year, when you combine their loans Instabank. Ten years on borrowed time savings so total 7 629 euros, he said.

- This comparison instabank the loan nominal interest rate would be of 13.49% and a monthly account management fee of five euros.

however, This is only one example, and every loan is planned according to customer needs. Monthly payment and interest rates can be adjusted by lengthening or shortening the loan period, and the new loan can be used either wholly or partly of old loans.

Economic condition in time

Loan consolidation not only helps you to save tens or even hundreds of euros a month. It also gives you a better overview of the finances of your, when you don't have to pay high interest rates and loan fees every month.

When you combine your loans, you will get future home only one invoice and pay only one interest and account management fee.

- Instabank strives to provide its customers the market's best customer experience, the ceo of Berg stresses.

Instabank website by finding the loan calculator to check how much you could save every month by searching the refinancing of Instabank.

at the Same time you can fill out an application and ask for loan offers from Instabank - it is completely free and does not obligate you to anything.