We tried to simulate a request for personal loan of an amount of 5,000 euros for the purchase of a used car. To get a detailed picture of the offers of personal loans more plausible on the market, we used the comparison service PrestitiOnline. We put ourselves in the shoes of a person of about thirty years, an employee with a permanent contract, with the intention to repay the loan in up to 12 months.

On request we also calculated an insurance policy to cover the risk life and disability so that in case of accident there is a repayment of outstanding debt to the institution that granted financing by insurance.

And here are two quick loans offered by the service free CreditOnline Credit Brokerage:

The personal credit of Agos Ducato. A personal loan intended for employees with documentation of income certified. Repayable by direct debit on current account (RID procedure) or by postal payment with monthly installments of 442.82 euros (TAN interest rate: 5.60% - APR: 12.01%) is a personal loan to be reliable.

Santander Believe Agile. Intended for employees on permanent contract and requesting a pension, whether seniority or social, may be required for loans up to 30,000 euros. The arrangement of the transfer or delivery of the check are contextual to the receipt of the properly signed contract and ancillary documents. Of 455.54 euros per month for a total amount to be paid under 5477.32 (TAN 5.60% - 12.01%). With rapid delivery and no cost education practice can be considered a validated solution for applications demanding cash.

With interest imposed last year on new personal loans today a grant of 20 000 euros comes to cost 30 to 60 euros more per year compared to early 2007, depending on the length chosen for a refund.

But these data, however, are better than those in the corresponding period from interbank rates. Consumer credit, in fact, unlike the universe of mortgages, was affected only slightly by the effect subprime.

But the media can cost you a loan? First, second PrestitiOnline.it, ranks Neos Banca (APR 12.40%), followed by Santander (13.06%), Fiditalia (13.24%) and Elastys (16.65%).

And for example, a four-year loan of 20 thousand euros to buy a new car varies among the five best offers, from 6.25% pa (APR 6.54%) of Santander to 7% (APR 7.23% ) included in the bouquet of Neos Banca. The interest doubles, however, for loans of cash.