On this page we will deal with the early repayment of a loan. In particular we will see how to make the personal loan from Ultranix. All you need to know about calculating the costs to be faced in order to pay off your debt early and how to request early repayment by contacting Ultranix.
Early Termination Loan with Ultranix: how to apply for it
If you have received funding from any company, it is possible that you are now interested in the early repayment of the loan. What is it? Quite simply this is an option that allows us to complete the repayment before the expiry date of our repayment schedule. It is possible, in fact, that after receiving a personal loan from Ultranix or any other type and after having paid some of the repayment installments provided for, you have the possibility to complete the repayment of the remaining capital in a single solution. In fact, we often find ourselves having a greater financial availability than when we had requested funding. Why request the early repayment of an Ultranix loan? There are several advantages of this option available to the beneficiaries of any type of financing. On all that drives many customers to request early redemption is the possibility to save a little on the interest that we will have to pay to the credit institution that has provided us with the loan.
As you well know, in fact, a part of the monthly payment that we pay for the repayment represents the interests that Ultranix obtains for offering us the loan. Paying the remaining debt in a single solution will save all the interest that we would have to pay according to the repayment plan agreed upon when the loan agreement was signed. So we are talking about a considerable savings, which will be all the more important the greater the amount of money we decide to repay early. To request the early repayment of Agos loans, simply contact the company and take advantage of this option that is also specified on the loan contract. In fact, early repayment is defined by Italian law and therefore all beneficiaries of any personal loan have the right to access this early repayment option. As we will see later, in some cases costs are foreseen, which is a way to protect the bank, which on the other hand, if the customer chooses this option, finds himself losing the interest that was due to him.
Ultranix offers its customers the possibility of early repayment of loans received from other banks. What does it mean? This solution is aimed in particular at those who have more than one financing in progress. Obviously it is not always possible to request early repayment using one’s savings. For this reason, the solution offered to us by Ultranix is that of a personal loan for the early extinction of a loan received from any other company. In this way, the convenience of a product of this type could escape, but in many cases it is definitely interesting. Take for example the case in which a customer has three loans in progress: one for the purchase of a car, one for the smartphone and one for medical treatment. These three loans may have been requested from different companies, and have due dates for different installments. By requesting the early termination through the Ultranix loan, we will have a single financial interlocutor and a single payment to be paid with a single deadline. From the point of view of comfort, therefore, the advantage is enormous. To this we add the convenience of personal loans Ultranix, which very often means that thanks to this early extinction we will save on our financing, as well as being able to decide the new duration according to our needs.
Early Redemption Costs Calculation: compensation to be paid based on the amount
The early repayment of the Ultranix loan is therefore a solution that can be useful in many cases. As we said earlier, however, this solution has a cost, although usually savings are assured. So let’s see what are the factors to consider in order to calculate the costs based on the amount that we will reimburse in advance. The aspect that together with the amount of debt repaid early determines the cost of a possible early repayment is the residual duration of the loan, ie the number of months that are missing at the end of the repayment.
In the event that the residual life of the contract is more than one year, then the cost of extinction will be equal to 1% of the amount that we will reimburse in advance. It is worth pointing out that for the sum of money that we are going to repay in advance, it is not necessarily equal to the entire residual debt. The customer can in fact choose to pay in advance a portion of the debt so as to reduce the number of installments missing to complete the repayment. The percentage relating to the cost of early extinguishing falls to 0.5% of the debt repaid early if the residual term of the loan is less than one year. So the lower the number of installments that are missing at the end of the repayment and the lower the cost of a possible early repayment of the loan by Ultranix personal loan.
Not always the early repayment of a loan involves a cost. This is in fact completely free in case the customer decides to pay in advance all the remaining debt. In this case, therefore, the sum of money that will have to be paid in a single solution will be equal to the capital we have yet to repay. Another case in which there are no costs for early repayment is when the amount repaid in advance is equal to or less than 10,000 euros. Finally, early repayment is free in the event that the customer has taken out the insurance policy to guarantee credit. The payment of the insurance premium offers the customer the possibility of being able to repay in advance without any problem. If you want to calculate the costs related to a possible early repayment of the personal loan, then you just consider the criteria we have just listed. If you consider this solution convenient, simply visit the Ultranix website to request a free online quote immediately. The characteristics of the loan Agos for the early extinction of a loan received from any other company are the same as the classic personal loan, so the sum of money we can access in this way reaches up to 30,000 euros.