On the latest ABI report, based on data published by the Bank of Italy, relating to loans to businesses and families, it is read that in the first quarter of 2023 loans to families are growing compared to the first quarter 2022.
For an informed loan, what questions to ask?
- They have assessed how high the monthly payment can be?
- They have clear ideas about how a loan works?
- They know the ISC, the synthetic cost indicator?
- They evaluated the Taeg, the indicator that allows you to compare alternative financing offers?
Monitorata
Assofin, the Italian Association of Banking and Financial Operators for Family Credit, has its own website page dedicated to financial education.
One of the services made available to readers is Monitorata.
A tool that helps consumers consider credit a resource and not an unknown.
It is a service born from a project promoted by Assofin and conducted as part of the Doctorate in Banking and Finance of’University of Rome Tor Vergata.
It is a tool independent of any commercial purpose that provides the elements necessary to know and monitor one's credit capacity through a self-assessment of the financial profile, allowing you to easily understand whether the loan installment is sustainable, given your situation.
The service is free and easy to use and provides transparent and scientifically valid information to consumers interested in accessing financing, so that they can adequately reflect on their financial situation before resorting to it.
Click here to rate your financial health.
Alex Gaetani