Looking for a loan, or just want to know how expensive a loan is? The best way is to request a number of quotes. You can do that yourself or have it done. There are several parties from whom you can apply for a loan directly and who will receive a quote within a day. For example, look at Bankate , where you can borrow money from 1500 euros. This way you can easily compare loans.
Request a loan
You can request quotations directly via so-called intermediaries, without extra costs. You can do that online and you will be ready with the application in a few minutes. You fill in a questionnaire with personal information and then you often receive the same day an e-mail (or a telephone call if you indicate this) with a number of loan offers.
You can easily request all kinds of quotations yourself. If you do a little searching on the internet you will quickly come across many loan providers where you can see with a few clicks how much a loan costs you and can request a quote immediately.
Directly at the bank
You can also request a loan from your own bank. The advantage is that you have arranged everything at a bank. That often gives a better overview of your income and expenses. Moreover, you can often arrange it faster. After all, the bank knows exactly how much money comes in every month.
A disadvantage, however, is that the loans from conventional banks are usually somewhat more expensive than the loans from other lenders.
There are also intermediaries with whom you can take out a loan, but usually they only mediate in the realization of the loan. Most intermediaries receive a commission from the bank or lenders when the loan is taken out. So they do not have to charge extra costs, but some do. It is good to pay attention to that.
Types of Loans
Many people take out hurried loans. It is good to take a good look at the types of loans. The best-known loans are the revolving credit and the personal loan.
With the revolving credit you always have access to a certain maximum loan amount and you can always borrow until you have reached the maximum amount. The interest rates are often flexible (which can therefore fluctuate) and you can repay early without penalty (handy if you find a cheaper provider later)!
A personal loan has the advantage that you have more certainty with regard to interest. You sign a contract with a fixed interest and repayment terms. It is the classic loan that we all know.
If you have a house or something else that can serve as collateral, then there are also other loans available, in many cases they are even cheaper.