Take out ongoing credit
You can take out a revolving credit with various banks and credit companies. The question is of course where you can take out a revolving credit most advantageously. Which bank or lender has the best conditions, and how long does it actually take before the money is in your account? We will try to help you in a global distinction on how to make a good and responsible revolving credit possible. We would also like to emphasize that we do not provide advice in the area of loans.
Take out ongoing credit with an intermediary
Take out a personal loan from 4.5% Fixed monthly costs Low fixed interest from 4.5% Always pay off without penalty in the meantime Fixed duration, no surprises Take out a personal loan Take out ongoing credit from 4.5% Variable interest Lowest interest rate in the Netherlands from 21 to 66 years old Take out ongoing credit Most chosen A Credit from 4.4% Pay off without penalty Low variable interest Paid out in 2 days from 21 to 66 years old Request a proposal without obligation Take out a mini-loan Maximum of € 800 Without BKR assessment Borrow money quickly from 21 – 70 years old Take out a mini-loan It seems more expensive, taking out a revolving credit with an intermediary, since your intermediary must also earn money. An intermediary, or professional credit broker, is a link between you and the banks. They will, as it were, go shopping with your application to ensure that you can take out an advantageous loan. Taking out a loan through an intermediary is usually cheaper than taking out a revolving credit through your own bank. The difference in interest can amount to a few percent per year. Borrowing money from intermediaries is often more beneficial because it is their profession, they do no different than take out loans and live on it. The lowest interest rate at present through intermediaries is currently 4.5%.
Take out ongoing credit with your bank
Of course you can also choose to take out a revolving credit with your own bank. This option is often chosen for convenience and because the bank is trusted. Research from our side among more than 100 consumers has also shown that most consumers expect that the interest on their loan from their own bank is much lower. In addition, the investigation has shown that a higher interest rate is less severe at one’s own bank than at an intermediary or a party that is not known. The own bank generally charges a higher interest rate, but in some cases it has a standard term life insurance coverage. This is something to keep in mind if you think this is important.
But what should you really pay attention to?
When taking out a revolving credit, there are a number of things that you should take into account.
Firstly, the interest that you have to pay is of course extremely important. This determines the price of your loan. A revolving credit with a high interest rate is more expensive than taking out a revolving credit with a low interest rate (with an equal monthly installment).
You can easily compare interest rates in the credit offers. In addition, there is nowadays also the esic form. This stands for the European Standard Information on Consumer Credit. This form shows in simple Dutch what the conditions of your new revolving credit are. Take the time to read it carefully.
Borrowing money costs money, which is no different with a revolving credit, so also look at a revolving credit always look at the total costs of the loan during the term. If you take these matters into account, there is a good chance that you can take out a responsible revolving credit.