Using the “compare loans” options available on different specialized websites is useful when choosing the right loan for your needs.
By now the user has to find out for himself: of course, you can always turn to the trusted bank, looking for a simpler credit solution. However, since the banks themselves and many new financial operators have launched home banking and online financing services, it is easy to get confused among the many offers available on the web, even after a simple search on any search engine.
Fortunately, where the web has complicated, in some ways, the choices of consumers (but offering a freedom that was previously difficult to obtain), but it has soon introduced a solution: the sites you use to compare loans. These are portals that specialize in summarizing information about loans and placing them all together with the attention of the user, who, on a single page, will have more comparable offers available than would be able to collect in a tour of the banks of the his area of residence.
Obviously, these portals filter the information made available to the user on the basis of the data that he will have personally entered into the calculation system: usually, the information requested can be the amount requested and the purpose to be pursued, such as the ‘purchase of a property (it will be a mortgage) or a car, the renovation of the house or the financing of children’s studies, and so on. Moreover, some personal data are required, such as the Municipality of residence, useful for identifying the most comfortable solutions.
How to compare loans? The most important variables to consider are the elements that determine the cost of the loan to be borne by the applicant: first, the interest rate , which can be fixed or variable, but also the accessory costs necessary for obtaining the loan, which sometimes not only explicitly reported. Another element to be compared is the guarantees required (mortgage on a building, signature of a guarantor, pay slip or tax return). Finally, obviously, it is necessary to analyze which financial companies are available to provide the requested amount and with the most convenient repayment methods, for example regarding the periodicity of the installments.