Consumer Credit
Guides to consumer credit in Portugal: the personal loan, the payment and the TAEG.
What is a personal loan and how does it work?
What a personal loan is, how the monthly payment is worked out, and the difference between the TAN and the TAEG (APR). With a worked example and a calculator.
4 min readWhat is a car loan and how does it work?
What a car loan is, how the down payment and residual value change the payment, and the difference between the TAN and the TAEG. With an example and calculator.
5 min readWhat is debt consolidation and when is it worth it?
What debt consolidation is, how the new monthly payment is worked out, and when combining your loans into one is worth it. With an example and a calculator.
4 min read
The content is educational and does not constitute financial advice.