Debt consolidation is a form of financing that allows you to enjoy special discounts. Through debt consolidation, in fact, it is possible to combine the different family installments in a single monthly installment, less onerous.

Using the family debt consolidation the duration of the loan will be greater, due to the lighter monthly amount of the installment. Debt consolidation is therefore ideal for those who prefer to keep the monthly expenditure for family low, at the cost of prolonging the financing over time but avoiding the problem of a loan with unpaid installments.

But what are the best family debt consolidation today? We used the SuperMoney comparator for a simulation of a loan application to 5 different institutions to get an overview of the best interest rates on loans obtainable in November 2013.

The applicant is a 30-year-old Milanese citizen, a civil servant, the sum requested is 5,000 euros and the duration of the loan is 5 years . The results are as follows:

debt consolidation

debt consolidation

The cheapest debt consolidation loan. The total amount due for the loan is 6,120 euros , with an APR for 8.58% and the TAN for 4.70% . Rata Bassotta is therefore set up as a loan consolidation debt with very interesting conditions.

debt consolidation Compass

debt consolidation Compass

The second place in our ranking of family debt consolidation is occupied by the Compass loan. With the Compass loan the total sum to be repaid is 6,577 euros , the APR is 12.02% and the TAN is 9.90% . Total amount a little higher, therefore, but still convenient.

family debt consolidation

debt consolidation

The third loan for debt consolidation considered is Credem’s Loan . With the Avvera loan the total amount of the loan is € 6,723 , the APR of the loan is set at 13.08% , while the TAN is at 11.90% .

family consolidation debts: Easy Loan Small

family consolidation debts: Easy Loan Small

 Small is the loan to consolidate debts. With this loan, the total sum to be repaid is 6,905 euros, with an APR at 14.57% and a TAN fixed at 11.99%. The duration of the Facile Small loan ranges from a minimum of 12 to a maximum of 60 months, as in the case of our simulation.

family consolidation debt

family consolidation debt

The fifth classified is the debt consolidation loan. In this case, the total amount of the loan is 7,241 euros, the APR is 17.07% and the TAN 11.04% .