Your monthly installment is calculated based on 3 elements:
- Capital: amount requested and borrowed by moey! and that is in debt, at each time, divided, for repayment, by the number of months of the loan term.
- Interests: monthly amount of credit remuneration, which will result from the application of the contracted interest rate on the amount of credit borrowed by moey! and that, at each moment, he is still in debt.
- Stamp Duty on interest: tax applicable under the General Stamp Duty Table (item 17.2.) and that moey! it is obliged, under the terms of the law, to apply on the interest and to hand it over to the State.