1000 Euro Payday Loan Simulator

 

In this article we will see how to use the simulator that we find on the website of Ultranix . This will allow us to calculate the repayment installment of the loans we are interested in. In particular we will take care of small loans of 1,000 euros , analyzing the different solutions proposed and offering you an overview of the treatments offered, so as to allow you to choose the option that is right for you.

Payday loan of 1,000 euros: online simulator

Payday loan of 1,000 euros: online simulator

 As often repeated on our website, Ultranix loans are by far the cheapest in circulation. If you are interested in applying for a loan, then you can not take this company into consideration. There are many loan options that we can request either online or by going to one of the branches whose list is available on the financial website. A very useful service offered on the same website is the online loan simulator .

This allows us to simulate a loan, specifying the characteristics of the same as if we were to make the request. In this way we can immediately know everything that interests us about the product we are interested in, so that we can choose the option among those proposals that is more convenient according to what our needs are. Using the simulator of Ultranix to calculate the repayment installment for any loan is very simple, and the only data that we will have to insert will be the amount we need.

It is important to underline the fact that it is not necessary to be an Ultranix client, nor to register with the company’s website. To know the characteristics of small loans offered by Ultranix, we simulated a loan of 1000 euros , and we reported the results obtained in the following table :

DURATION MONTHLY RATE TAN% TAEG%
6 months 169.55 euros 5.91 6.07
9 months € 113.86 5.90 6.07
12 months 86.02 euros 5.90 6.07
15 months € 69.32 5.91 6.07
18 months 58,19 euros 5.91 6.07
21 months € 50.24 5.91 6.07
24 months 44.28 euros 5.91 6.08

This table allows us to better analyze the loan we are interested in, thanks to the ability to immediately compare the various options available. As can easily be seen from the summary table, the feature that we will have to choose will be the duration of the loan . What we will have to take into account when choosing will obviously be the repayment installment that we will pay each month, which will decrease with the increase in duration. On the other hand, by increasing the number of months in which we will make the repayment, the interests that we will have to pay to the company will be greater.

Insurance for € 1,000 loans: simulation of installment calculation

As we have seen, simulation for loans offered by Ultranix is very simple, and allows us to know immediately what is there to know about the financing of our interest. The amount we need is the only information needed to start the simulation. A question that will also be asked will concern the insurance we can choose to apply or not to our financing.

Securing your loan can be beneficial for several reasons, although obviously the cost we will have to face will be greater. The policy that can be stipulated with the company covers the client in case of death , total permanent disability due to injury , total temporary incapacity from injury and hospitalization due to illness . The following table summarizes the available loan options, again in the case of loans of € 1,000, but with the stipulation of the insurance contract.

DURATION MONTHLY RATE TAN% TAEG%
9 months € 117.62 5.91 6.07
12 months 88.86 euros 5.91 6.07
15 months € 71.61 5.91 6.07
18 months € 60.11 5.91 6.07
21 months € 51.89 5.89 6.06
24 months € 45.74 5.91 6.07

In this case it is immediately clear how, compared to the previous table, the minimum available duration is 9 months. Overall, however, the cost of insurance does not over-modify the characteristics of our loan. The maximum difference in terms of the monthly payment we will pay is found in the case of a reimbursement in 9 months and is only 3.76 euros. Given the low cost, it may be convenient to choose the insurance offered by Ultranix to its customers, in order to be protected in case of unfortunate events.

 

 

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