Installment loans always represent a heavy financial burden, often even over a period of many years. Therefore, it is particularly important for consumers to obtain a loan with low interest rates.
The easiest way to find the cheap loans in a loan comparison. However, these loans are not given to all consumers.
Quick overview – explained in a nutshell
- The interest rate depends on the base rate, the loan provider and the personal creditworthiness of the applicant
- Which offer is optimally suitable in the individual case, you find out quite simply
- Please make your loan application – without any obligation
- The system checks in real time and shows you the offers that best fit your specifications
Credit with little interest – negotiate with the branch bank
Before a loan transaction with a bank comes, many consumers require detailed advice. A detailed credit advice is offered by numerous branch banks.
Credit with little interest
Even at their house bank, many borrowers receive this advice. Appointments are made either by telephone, e-mail or directly at the branch of the institute. For the appointment with the house bank EU citizens need only a valid ID. Bank customers who are not from an EU country also need a valid residence permit.
All other data has to be present in the computer. If the loan is to be applied for from a competing bank, the last salary statements must also be brought along. Some banks also want to see the latest bank statements. All contingencies are discussed during the consultation in the bank. For some years, an advisory protocol must be created. Many banks can pay for this service. The cost of the consultation is already included in the loan interest.
A loan with little interest is therefore only conditionally possible.
Cheap installment loans – online and direct banks on the Internet
Loans and financial services from the Internet are becoming increasingly popular. This is often due to the fact that online and direct banks can offer cheaper credit terms.
A low-interest loan is possible because the banks have a very lean corporate structure. The companies do not have to maintain an expensive branch network and have only low personnel costs.
Many services are available only by phone or e-mail. In addition, the offers of the online and direct banks can be easily reviewed from home and often apply immediately. The loan application is available on the bank’s website and is easily completed on a PC, notebook or tablet.
During the application, a private credit information is obtained online. If the information is positive, the applicant receives a provisional loan commitment. A final commitment to a loan will not be made until the bank has fully audited the loan records.
The legitimation is carried out by videoidentification or postident procedure. Only now can the loan be paid out with little interest.
Find credit comparison on creditend – loans with favorable conditions
As the lending market on the Internet becomes increasingly lucrative, the supply of online and direct banking lending continues to increase. With a manually conducted credit comparison, the entire offer of many banks can not be recorded at all.
A credit comparison on creditend is very easy and also takes very little time. Consumers enter the required net loan amount into a loan calculator to find a loan with little interest. The entry is completed with the credit period and the purpose.
The clearly arranged comparison page shows numerous loan offers that correspond to the entries made. For the credit comparison, the credit offers always contain the same information.
The offers include the bank name, product details, loan installment, borrowing rate and annual percentage rate. For the low-interest loan, the annual percentage rate is particularly important. This interest rate always includes all borrowing costs. Anyone who has found the cheapest loan offer will be forwarded to the application by mouse click.
Loans from credit marketplaces – application on the Internet
Not every consumer has the credit requirements required by various banks. Because, the institutions want borrowers with good credit and a positive private credit information. Those who do not have these conditions can switch to a credit marketplace. Credit marketplaces bring together consumers and private investors.
Even self-employed and pensioners are served on the Internet portals. The loans are almost everywhere referred to as personal loans. One of Germany’s major credit marketplaces is the creditend portal. At creditend, personal loans of 1000 to 50,000 euros are available. Credit periods of up to 144 months are possible. Applicants with severe negative characteristics in private credit will not be admitted as borrowers.
These features include, for example, affidavits, legal dunning, arrest warrants or a personal bankruptcy. Incidentally, the application is usually completely on the Internet.
The legitimacy takes place either by videoident or postident procedure. Since the private financiers, the operators of the portal and a bank earn, a credit with little interest is only conditionally possible.
Serious credit brokerage – Loans with and without private credit
Installment loans are also provided by credit agencies. The loans are available from these financial service providers with and without private credit.
However, a low-interest loan is rare among credit agencies. The lenders usually serve borrowers with worse credit requirements.
However, this increased credit risk is reflected in the cost of borrowing. Depending on the loan brokerage and the type of loan requested, two-digit interest rates are possible.
Loans from reputable credit agencies are requested on the internet. Home visits, as they used to be, do not usually take place today.
However, if it does not come to a credit agreement, the applicant should incur no credit costs.
Cheap installment loans – find low interest rates on a loan comparison
Interest rates on installment loans have fallen sharply in recent years. Many lenders can therefore offer consumers a loan with little interest.
By the way, the cheapest loan offers are made available by the online and direct banks. Unfortunately, these loans are almost always credit-dependent.
Consumers with a limited credit rating or slight negative features in the private credit must therefore switch to credit marketplaces and credit agencies. A credit comparison can always pay off for consumers.
Just a few percentage points behind the decimal point can save many hundreds of euros on a corresponding repayment term.