Advantages of consolidation in Slovenská sporiteľňa
Lower your payments. With us you can be paying less every month
Get rid of your loans. Pay just one loan and make just one payment
Get extra money. You will pay your old loans and borrow “new money”
You will get EUR 20 for every EUR 500 that you transfer to our bank
We will send early repayment notifications to all companies involved instead of you
Consolidation dictionary
| 1. Consolidation | Merging of several loans and their payments into one loan with a single monthly payment. |
|---|---|
| 2. Refinancing | Transfer of one loan (debt) from one bank or a financial institution into another. |
| 3. Payment | It means that the loan (debt) has been “paid off” with a new loan (debt) or with the client’s own funds. |
| 4. Loan (debt) | Client’s financial debt towards bank or financial institution. |
| 5. Payment period | It is the length of time over which the client has to pay for the loan. It is often expressed in years or in the number of monthly payments. 1 year = 12 monthly payments. |
| 6. Payment saving | Difference in euros, reflecting how much the new payment will be lower than the old one. |
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