Guarantee your mortgage with the best simulated insurance contract
The loan insurance simulator makes it possible to evaluate the cost of the borrower insurance which must guarantee the mortgage. Free and without obligation, it offers Internet users the opportunity to find the insurance that is most profitable.
Credit insurance simulation: how does it work?
- In just a few minutes, you enter the information about your project by filling in the fields provided for this purpose to launch the loan insurance simulator : type of loan, amount, duration, single loan or two, age…
- You visualize the savings you can achieve by choosing a particular loan insurance and can receive your free quotes.
- You can join the credit insurance policy of your choice directly online and / or be reminded by an advisor.
Simulation, Quote and Comparison of Credit Insurance
The insurance simulator will compare the best insurance offers that best meet your individual needs. Thanks to the loan insurance simulation tool, borrowers can target the offers with the widest guarantees and the most competitive rates in order to choose a more suitable and cheaper offer than the group contract offered by the lending institutions. By opting for an individual insurance offer rather than for the lender’s group contract, it is indeed possible to benefit from better coverage and realize a significant saving on the overall cost of the loan.
Good to know before launching the insurance simulator ready
Real estate loans are always accompanied by loan insurance. The rate of this insurance can vary greatly from one insurance company to another.
A quick overview of the loan insurance rate and the cost of insurance
Mortgage insurance rate
When you borrow to finance the purchase of your home, the bank requires you to take out loan insurance. This insurance guarantees the loan by covering you in the event of death or disability. Many loan insurances are calculated from the loan insurance rate and the amount of capital borrowed. The loan insurance rate allows the calculation insurance loan on a year.
As you must have understood, the higher the amount borrowed, the higher the cost of your loan insurance. The loan insurance rate is set by the insurer according to your age and your state of health.
Here’s how to calculate the cost of your loan insurance based on its rate:
For example, let’s take a mortgage insurance rate of 0.5%. This indicates the year-round price of your loan insurance contribution which is equal to 0.5% of the amount of capital borrowed. For a loan of 200 000 euros with a repayment term of 20 years, the annual cost of your home loan insurance will be 1000 € (200 000 € x 0.5%) and will therefore total 20 000 € (1000 € x 20 years). The amount of your monthly repayment of loan insurance will be 83.33 € (1000 €: 12 months).
You can see that the cost of home loan insurance is not negligible. Fortunately, by opting for the lowest mortgage insurance rate on the market, thanks to the insurance simulator , you can lighten it!
Borrower Insurance Simulation
By comparing in a short time the best insurance offers of many insurers using a mortgage insurance simulation, you are sure to choose with confidence the contract that will give you the best insurance conditions in the market. Reminder: you can take out your credit insurance with the insurer of your choice. The bank can not refuse the principle of delegation of insurance if the level of the guarantees of the outsourced contract is at least equivalent to that of the contract it proposes.
Realistic Comparative Study Of The Broker Cheap Loan Insurance
Do not hesitate to use the online simulator; it can enable you to find the borrower insurance policy that will save you the most cost on your mortgage while ideally protecting you in case of death or disability.