THM

#totalloanfeeindicator #thm #loan #money The total loan rate indicator, in short the THM, is mandatory information about loans, but many still make decisions based solely on the interest rate. If you take out a loan, you’re much better off looking at the big picture, and THM is a big help to you. If you want to read about THM, I mentioned this article in the video (Hungarian): https://silvermoon.hu/hitelek-magansz... Contents: 0:00 Why is the THM needed? 1:07 What can you use the Total Loan Rate Indicator for? 1:40 What is the THM not suitable for? (Only informs, does not decide for you; You can only roughly compare different types of loans; Does not provide information on exchange rate and interest rate risk) 3:45 What does the THM contain and what does'nt? 5:15 Constraints in calculating THM that distort the value 6:35 Mandatory Examples of the Total Loan Rate Indicator 7:38 The aim of the THM is to borrow more responsibly