personal loans

A personal loan is a financial transaction in which one party agrees to give another party a certain amount of money with the expectation of total repayment. The specific terms of a loan are often spelled out in the form of a contract which defines the repayment obligation, the specified timeframe and interest rate. The repayment period is usually between one and ten years.

FreeEmortgage can secure the personal loan you require. If you need a new car, are looking to redecorate or want to take the holiday of a lifetime, take a look at the great conditions offered by FreeEmortgage.

> Personal Loans of up to 20,000€
> Up to 6 years maximum term
> Rates from 8%
> No need to change banks

The following terms are all part of a loan:

The amount of money required in the loan is called PRINCIPAL.

INTEREST is the amount paid in order to secure this money.

The TAE (tasa anual equivalente) is the reference used to calculate the total amount of money to be repaid.

The total amount of time agreed to repay the loan is known as TERM.

The LENDER is the person or financial institution who lends the money.

The BORROWER is the person who receives the loan.