Methodology

Every day we work with people and see that the majority of them unquestioningly believe the advertisements of the banks, and are not in a position to make the decisions that are most profitable for themselves.

Banks often exploit unknowing clients and present them with offers in an unusually deceptive method. The average person, even the average student, does not know the difference between nominal, effective or real percentages.

This is why, as the main criterion in the ranking below takes account of the actual annual interest rate, they show how much you will actually have to pay to fulfil all your financial obligations. The basis was calculated with the aid of the equation below.

ADDITIONAL CRITERIA

Additional criteria which was employed in the ranking are:

1. Ease of obtaining loans or credit.
2. Reliability of the institution in providing financial assistance.
3. Speed of obtaining financial resources.
4. Ability to repay loans early.
5. Transparency of the trade offer.

Our formula:



Definition of variables:

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