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A loan is usually built through a Spitzer table of principal and interest.

To maintain a uniform payment for the entire loan period create a payment that consists of a lot of interest at the beginning and some principal until after the loan ends half of the period then a payment of more principal and less interest begins.

 

It is worth remembering that if you take a loan for a longer period then the monthly repayment also decreases because it is spread over a longer period and vice versa when you take a loan for a short period.

 

Many people are unaware that they can take out a loan from their pension fund or their study fund

On good terms, usually for periods of up to 7 years and at an interest rate that is usually better than the terms they will receive at the bank or through the credit card companies.

 

The amount of the loan depends on the amount accumulated in the pension fund or study fund, through the pension fund it is usually 30% of the amount and the study fund is usually% if the study fund is not liquid or 80% - 100% if it is liquid (depending on the insurance company or investment house).

Do you have a question

Are you interested in cutting the cost (but not the value) of your insurance portfolio?

Insight Financial Solutions

m@sght.co.il    |    054-445-5334
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The said expression or any of its parts should not be construed as investment advice, pension or any recommendation. The foregoing does not constitute investment advice or marketing, pension, taxation, or a substitute for advice that takes into account the data and special needs of each person.

errors and omissions excepted

© Design:                                              - MEITAL YAKOV | Video shooting: Or Bolandian אור בולנדיאן | Photos and video: Mark Colton מארק קולטון

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