Journal
Money, without the jargon.
01
Effective interest rate explained
It is not the nominal rate that decides the cost, but the effective rate.
PLANNING
02
How loan duration affects total cost
A lower monthly figure over a longer term can raise total cost.
EXPLAINED
03
What happens during a creditworthiness check?
Lenders assess ability to pay. That is standard — not something to bypass.
CAR
04
Credit vs. leasing
Two models, two ownership logics. The lower monthly figure alone does not decide.
MONEY
05
What documents may be required?
Identity, income, residence — and usually more if you are self-employed.
PLANNING
06
What to consider before applying
Amount, affordability, alternatives — and the fact that an application can have effects.