Blog
Insights, guides, and updates from the CreditCheck team.
How a personal loan works: a step-by-step guide with examples
A personal loan allows you to borrow a sum of money and repay it through instalments that include principal and interest. This guide explains how to apply step by step, compare offers using the nominal interest rate and APR, and understand repayments through practical examples. It also covers common requirements, early repayment, and your rights and obligations to help you choose financing that matches your repayment capacity.
Mortgage overpayments: is it better to shorten the term or lower your monthly payments?
Making a mortgage overpayment allows you to shorten the term or lower your monthly payments. Shortening the term usually saves more interest, while lowering your payments gives you more room in your monthly budget. The best option depends on your income, emergency fund and goals. Before deciding, it is worth checking the fees, your mortgage type and any potential tax relief.
Personal loan requirements: what lenders ask for and how to prepare
Discover the requirements for a personal loan in Spain, the documents lenders may ask for and how to prepare before applying for financing.
What your debt level is and how to calculate it
Learn what your debt-to-income ratio is, how to calculate it step by step, and which mistakes to avoid to keep your debt under control before applying for financing.
What banks look at when approving a personal loan
Discover what banks assess before approving a loan, which mistakes could hurt your application, and how to improve your chances of approval.
How to calculate your mortgage payment step by step
Learn how to calculate your mortgage payment based on the loan amount, term, and interest rate, and compare different scenarios before choosing a mortgage.
Personal loan comparison: CreditCheck vs. the traditional model
Compare personal loans more effectively and discover the differences between CreditCheck and traditional comparison tools, from the data used to the personalisation of offers.
Calculate your borrowing capacity step by step
Borrowing capacity indicates how much of your income you can allocate to debt repayments. As a general guideline, your monthly repayments should not exceed 35%–40% of your net income, although you should also consider your expenses, savings, and financial stability.
What is credit scoring and how is it calculated in Spain
Discover what credit scoring is, how it is calculated in Spain, which factors affect it, and how to improve your score before applying for financing.
Why can your loan or mortgage application be rejected? 5 factors you should review before applying
Learn about the key factors that can influence whether a loan or mortgage application is approved, and discover how to better prepare your financial profile before applying. Understanding your repayment capacity, debt level and overall financial situation can help you access financing options that are better suited to your needs.
How much can you borrow based on your income?
Learn what really determines your borrowing capacity and why income is only part of the picture. This article explains how lenders assess affordability, the role of expenses, savings and existing debt, and how verified financial data can provide a more accurate view of your financial profile.
Is it safe to connect your bank account with Open Banking?
CreditCheck uses open banking to build a more accurate and realistic financial profile based on verified banking data. Through this technology, it can analyze income, expenses, and financial stability to offer loans and mortgages better tailored to each person. The entire process is secure, transparent, and always under the user’s control, without sharing banking passwords or allowing money transfers.