All you need to know about loans
No matter if you face a sudden lack of money or want to make a long-planned purchase – a loan is the solution if you quickly need money. Most of the loans on the market are personal instalment loans and do not have a fixed purpose. They can therefore be used randomly for whatever you like. However, credits with a certain purpose often offer better conditions to the customer – be it a car loan, property loan or a student loan.
You want to learn more about the different loan types and find out which one is right for you? Here we explain what you need to look out for.
Of course, the loaned money has to be paid back at some point. Here it is particularly important to pay attention to the life of the loan and the connected monthly instalments as well as the interest rates. As there are great differences between the interest rates offered, it is worth comparing different loans. Comparison websites that list different banks and also enable you to directly apply for a loan if you found a suitable one are handy tools to work with. However, you should be aware that comparison websites only show a part of the overall market. This is why a manual search for a cheap loan should not be disregarded. Here we have collected the most important information about interest rates here to help you make the right decision when looking for a loan.
In addition to the monthly instalment, extracurricular payments can often be made to repay a loan more quickly. Under which circumstances this is possible is described here.
What is credit scoring and what impact does it have? Find out here.