Bankate loans are designed for all public, private and retired employees. Access to the loan is simple and fast, but it is necessary to have specific characteristics and above all you must not have protests, be identified as bad payers, or have fixed-term contracts.
If you have all the required features, then surely you will want to know how to calculate the installment of Bankate Loans, and therefore how much you should pay monthly. One of the simplest systems is certainly the use of the Bankate Loans form. Calculate the installment, this can be found on the official website of the financial company. However, when you use it and send the request, even if you no longer want to have a loan, the agency will still receive your activity on the site and will most likely contact you to find out whether or not you want to have a loan.
Before going to the financial website, however, we can help you find out how to calculate the installment of Bankate Loans. Here are some tips, to know how much you could pay, if you choose to apply for a loan from this financial company.
Bankate calculates the installment. Article in pills!
Want to find out how to calculate the rate of a personal loan or the assignment of the fifth? Here are 5 tips in pills to know how much to pay monthly for your financing!
- The Bankate personal loan can be obtained in just 48 hours. The financial company in front of applicants with a good credit reputation, in fact, offers an immediate transfer to the current account, once the loan has been approved.
- But how to calculate the personal loan amount? You can do this easily by going to the Bankate Official Officer page and using the installment form.
- If you don’t want to go to the official website. Then you can see some loan examples by reading our article. For example, if you request 30 thousand USD to be repaid in 10 years, the calculation of the monthly installment is 352.00 USD.
- If you request the assignment of the fifth of the salary, the calculation is much simpler. In fact, in this case the installment represents about 20% based on the amount shown on your coupon. The calculation takes into account the thirteenth, for this reason you must make a precise mathematical calculation to know the amount of the fifth of the salary.
- The duration of the assignment of the fifth of the salary changes according to the amount requested. To obtain this form of financing, you can choose to call the financial company free of charge at the toll-free number.
Want to find out more about how to calculate the installment of an Bankate loan? Then read on for more information!
Loans Bankate calculates the installment: how much is a personal loan? Here are some examples
A personal loan with Bankate is the best solution if you want to get financing in just 48 hours and by direct debit from your bank account. But is it so easy to get the money you need? Of course, even for a personal or consumer loan with Bankate there is the need to show specific documents, these are:
- Identity document of the applicant
- Last paycheck or pension slip
- Fiscal Code
These documents are necessary to allow the company to check your creditworthiness. If you have never had delays with payments and have a permanent job, or you have a pension check, then you can get a loan quickly and easily.
But let’s see how to calculate the Bankate installment, if you apply for a personal loan! Since we cannot report all the financing cases, we will show the data and the percentage of interest of some of the most requested.
Bankate loans Calculate the installment for 3000 thousand USD: paying this loan in 24 months, you will pay an installment of 132.83 USD, the APR is equal to 6.07% while the Tan is equal to 5.91%.
If, on the other hand, you choose to apply for a loan of 10 thousand USD and pay it back in 7 years, you will have to pay a monthly installment of 143.70 USD, the APR is 6.17% while the Tan is 4.91%.
For a loan of 15 thousand USD with Bankate, to be repaid in 10 years, the monthly payment is equal to 176.90 USD, while the interest provides for a Tan equal to 6.91% and an APR of 7.93%.
Finally, if you request the maximum that can be financed or 30 thousand USD to be repaid in 10 years, you will have to pay an installment of 352.00 USD and the amount of interest is based on an APR equal to 6.91% and a Tan of 7.69.
These are only examples based on the actual interest rates and installment amounts proposed at the time by Bankate. Of course, by going to the site and using the Bankate Loan Calculator, you can choose other solutions. Bankate finances from 500 USD up to 30 thousand USD and based on the amount requested, you can choose to split the loan from a minimum of 10 installments up to a maximum of 120.
The interest amount, of the Tan and of the APR, change according to the requested amount and the duration of the loan. The more the installments requested, the greater the interest to be paid to the financial company.
Loans Bankate calculates the installment of the assignment of the fifth
Unlike personal loans, it is certainly easier to calculate the monthly installment of a loan through the assignment of the fifth of the salary.
A loan based on the assignment of the fifth allows retirees and public or private workers indefinitely to obtain the requested sum, by paying an installment that will be exactly 20% of the salary. In this case, therefore, the amount of the monthly installment does not vary, but only the duration of the loan changes.
I’ll give you an example if you opt for the transfer of the fifth, with a salary of 1200 USD you will have to pay an installment of 260 USD.
To do the exact calculation of the assignment of the fifth you have to do this count:
$ 1,200 (salary amount) x 13 monthly divided 12 = Total 1300 after which you must make 1300 divided 5. In this way you get the fifth of the salary that you can transfer to the financial company.
Thanks to this system you can calculate the exact installment of the fifth of the salary, to know the duration of the loan, however, you must request directly to Bankate, by calling the toll-free number 800.134860. In any case, the greater the amount requested, the greater the duration of the loan. The request for a quote by calling the financial company or made online is completely free and if you have all the requisites you can get the loan in maximum 48 hours.