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Fixed or Variable Interest Rate
What is the better option?
There is no easy answer to this question since both options have their pro and cons. It depends on your individual situation and preferences whether a fixed or a variable interest rate is the right choice for you. In this article we will explain the most important differences and tell you what you should pay attention to.
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The EURIBOR: Interest Rate Benchmark
What is the EURIBOR?
The EURIBOR is determined by the market and based on the base rate. If you choose a variable rate for your loan or during a variable interest period, the EURIBOR is the basis of the interest rate you will have to pay. When it comes to loans, the 3-month EURIBOR or the 12-month EURIBOR are used most of the time.
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Minimising Risks
No Risk No Fun?
Manchmal ist es nicht so schlecht, ein Risiko einzugehen – bei Finanzierungen geht man dann aber doch lieber auf Nummer sicher. Natürlich kann man aber auch in diesem Bereich mit einigen unvorhergesehenen Ereignissen konfrontiert werden.
Die gute Nachricht: Viele dieser Risiken können versichert werden und auch für die nicht versicherbaren Risiken gibt es meistens gute Lösungsstrategien.
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Nominal (Simple) or Effective Interest Rate
What’s the Difference?
Nominal interest, also called simple interest, is based on the outstanding loan. In other words: Nominal interest is the interest lenders will charge for the borrowed money. Most of the time, it will be debited from your account quarterly. The lower the outstanding loan amount, the lower the interest, which is thus charged on a pro rate basis.
-
Fixed or Variable Interest Rate
What is the better option?
There is no easy answer to this question since both options have their pro and cons. It depends on your individual situation and preferences whether a fixed or a variable interest rate is the right choice for you. In this article we will explain the most important differences and tell you what you should pay attention to.
-
The EURIBOR: Interest Rate Benchmark
What is the EURIBOR?
The EURIBOR is determined by the market and based on the base rate. If you choose a variable rate for your loan or during a variable interest period, the EURIBOR is the basis of the interest rate you will have to pay. When it comes to loans, the 3-month EURIBOR or the 12-month EURIBOR are used most of the time.
-
Minimising Risks
No Risk No Fun?
Manchmal ist es nicht so schlecht, ein Risiko einzugehen – bei Finanzierungen geht man dann aber doch lieber auf Nummer sicher. Natürlich kann man aber auch in diesem Bereich mit einigen unvorhergesehenen Ereignissen konfrontiert werden.
Die gute Nachricht: Viele dieser Risiken können versichert werden und auch für die nicht versicherbaren Risiken gibt es meistens gute Lösungsstrategien.
-
Nominal (Simple) or Effective Interest Rate
What’s the Difference?
Nominal interest, also called simple interest, is based on the outstanding loan. In other words: Nominal interest is the interest lenders will charge for the borrowed money. Most of the time, it will be debited from your account quarterly. The lower the outstanding loan amount, the lower the interest, which is thus charged on a pro rate basis.
