Legal & General, one of the UK’s leading financial services companies, recently announced the launch of six lender affordability calculators on its SmartrFit platform. The calculators are designed to help customers better understand their borrowing capacity and to make more informed decisions about their finances.
The calculators are designed to provide customers with a more accurate assessment of their borrowing capacity. They take into account a range of factors, such as income, outgoings, and credit score, to give customers an indication of how much they can borrow and what type of loan they could be eligible for. This information can then be used to help customers decide whether they should apply for a loan or not.
The calculators are also designed to help customers compare different loan options. Customers can compare different loan products, such as mortgages, personal loans, and car loans, to find the best option for their needs. The calculators also provide customers with an indication of the total cost of borrowing, including interest rates and fees. This can help customers make an informed decision about which loan product is best for them.
The calculators are part of Legal & General’s SmartrFit platform, which is designed to help customers make better financial decisions. The platform provides customers with tailored advice and guidance on a range of topics, from budgeting to retirement planning. The calculators are just one part of the platform’s suite of tools and services.
The launch of the six lender affordability calculators is part of Legal & General’s commitment to helping customers make better financial decisions. The calculators are designed to provide customers with an accurate assessment of their borrowing capacity and to help them compare different loan options. This will enable customers to make more informed decisions about their finances and to ensure that they are getting the best deal for their needs.