Low rate loan with low rate installments

If a loan is taken out, the general conditions have to fit in order to guarantee a full repayment of the borrowed money. On the one hand, this affects the creditworthiness of the borrower, which must allow a loan to be taken out. On the other hand, it is the self-chosen aspects such as the loan amount and, last but not least, the amount of the monthly installments that decide how high the risk of default is and what effort the borrower has to go through to settle the loan.…