Monthly savings of 275 euros: How João and Carla consolidated their credits.

Also want to consolidate your credits? Do like João and Carla! Use Poupança no Minuto for a free and transparent credit intermediation service and increase your monthly budget in no time.

The couple went from paying 803.33 euros for credits, to 528.02 euros

João and Carla decided to expand their family and have a child. With Carla becoming pregnant, the couple decided to look at their monthly budget and search for financial solutions to help them reduce costs.

Having a child would increase expenses and they wanted to maximize their income to the fullest.

Concerned about the cost of welcoming a new family member, they turned to Savings in a Minute and trusted us to take care of everything.

This couple was paying 803.33 euros monthly for three different credits: 405 euros for the car loan (17,500 euros outstanding capital, 5.25% APR, with 48 months remaining), 348.33 euros for the personal loan (10,525 euros outstanding capital, 11.75% APR, with 36 months remaining), and 50 euros for a credit card (1,000 outstanding, with no mortgage or housing credit in progress).

In order to reduce these monthly burdens with credits, Poupança no Minuto collected and presented consolidated credit proposals for the couple.

A consolidated credit aims to combine all credits into a single financing, with a single installment - usually lower.

The proposal that João and Carla chose was as follows:  

• 29,025 euros of capital in debt;  
• 84 months refund term;
• 528.02 euros installment (compared to the 803.33 euros they were paying); & nbsp;
• Nominal Annual Rate (TAN) of 13%, calculated with fixed rate;
• They would stay with a effort rate of 24% and available income of 1,521.98 euros.  

So, by consolidating their credits through this proposal, the couple ended up paying a single installment for the financing of 528.02 euros. This results in a savings of 275.31 euros per month and 3,303.72 euros per year when compared to the costs they had with the different separate credits.

Note that this example only shows the calculation of the installment amount. Please be aware that banks may charge other expenses related to your loan. Additional costs may also include negotiating the life insurance premium associated with your loan. The savings shown do not take into account potential interest rate variations offered by partner banks.

Do you also want to hire a credit consolidation to pay less for your loans? The Poupança no Minuto is here for you! With our direct and cost-free services, you not only save money, but also time and bureaucracy. We make your life easier by taking care of everything for you...