Do you need extra money soon? Then choose for? What you do not currently have in your bank account? For example, because you want to buy a new car in connection with new work. Or because you want to renovate your garden, so that you can enjoy sitting in your garden in the summer. For all these situations it is conceivable that you take out a loan. You then borrow a certain amount of money for a shorter or longer period and then pay it back later. Of course, Eicredit wants to get something in return, just like any bank, and that is interest that you have to pay on the loan amount.
Borrow money cheaply: Interest
Anyone who wants to borrow money will have to pay interest on this. Whether you borrow money from Eicredit or from another bank. In principle we can say that there is not really such a thing as cheap money borrowing. However, you can look at how you can borrow the cheapest money. You must then take the following points into account:
- Which bank do you borrow money from?
- How much money do you want to borrow? (the higher the amount, the less high the interest% will be)
- What kind of payment do you want to do? A fixed loan or a flexible loan?
- Do you want to borrow a fixed-rate amount or a variable interest%?
Purchase through a fixed loan from Eicredit
You want to make a nice purchase, but you don’t really have the money for it. Then you can consider taking out a personal loan for this. It involves the financing of this purchase for which a debt is entered into with a bank. In addition, if you pay back the fixed loan neatly during the term, then you are also off after that term. You benefit because you can now finance that necessary purchase and the bank benefits by getting interest. Which aspects should you take into account if you want a personal loan?
To be able to take out a personal loan with Eicredit you must have sufficient financial room to repay this over time. Depending on that room and the interest rate used, you can take out a maximum of personal loans. The bank has standard formulas in which a real financial scope is determined based on your income and family composition in combination with your spending pattern. That space must ensure that the debt is gradually repaid. In this way, the bank is assured that the loan amount will be returned.
Influence of the BKR.
A BKR test is taken when taking out a loan with Eicredit. This means that it is checked whether you have just had a credit. To this end, your details are requested from the Credit Registration Office. If you do not have coding, you can usually take out a loan like this. This will change if you have incurred payment arrears in the past. In that case you may have to arrange a personal loan through a BKR specialist at Eicredit. Be informed about the possibilities for this.
Interest and redemption?
When taking out a personal loan, you must also consider the manner in which you are going to pay off. Frequently used method is repayment in a linear way. Every month you have to pay off an equal part so that the burden becomes smaller and smaller. The debt within the personal loan is becoming less and less, so that the interest share is also decreasing. After having paid interest and repayment every month, you are ready after the term of the personal loan.
How long you take out the personal loan depends on the amount and scope within your income. For a not-too-small amount, a period of three to five years is usually already maintained so that all this can be repaid in full. For smaller amounts this can take up to a few months. Ask the bank for information about how much you can borrow within a personal loan and how long it takes to get rid of it again.
To be able to take out a personal loan with Eicredit, a contract must be drawn up between the two. It establishes in concrete terms what the mutual agreements are. This is also referred to as the unlawfulness of obligations and ensures that both parties meet the conditions. In this way a good basis has been formed with which the personal loan can be established. You can borrow money and over time the bank receives interest payments with repayment.
Get informed, both by Eicredit and independent companies
You have to pay a lot of interest on a loan amount. It is certainly worthwhile to look carefully at which way of borrowing is best for you and what is the cheapest for you. Of course you also have to look at whether you can repay the amount without getting into financial difficulties. Whether or not you have an account with Eicredit, everyone can in principle take out a loan there. Eicredit will and must only look at whether you are suitable for a loan, or whether you are deemed capable of paying back a loan. So wisely borrow money from there.