Comparing the interest rate of loans? The best rates.

There are many possibilities for those who want to borrow money . Do you want to compare the interest rate of loans?

People sometimes ask us why the interest rates of different credits are so different from each other.

In this article we will go into more detail on two different and common forms of money: the personal loan and the mortgage mortgage.

Interest rate comparison: personal loan

In this text we will compare the interest rate of loans. The first current form of borrowing is the personal loan. This is also called the loan on payment and has a number of specific characteristics.

  • With a personal loan you get money made available for a very wide purpose. There are personal loans for certain purchases, loans for a trip , urgent costs and expenses.
  • The lender will only approve the file if he has sufficient security. The customer’s history, the income, he owns, blacklist, ..
  • If the borrower remains in default, the bank does not have many guarantees. The money learned can already be spent entirely on consumer goods, a journey or other expenses.
  • The lender therefore runs a higher risk that part of the money can not be recovered. If we compare the interest rate of loans, we see that the personal loan therefore has a higher interest rate than certain other types of credit. The bank guarantees are more limited. The risk and therefore the interest rate are higher.

Interest rate of mortgage loans

On the other side of the spectrum is the mortgage loan. With this loan, the bank or lender has a broad guarantee.

  • A mortgage is taken on the property. This can be the house or apartment of the borrower himself. It is also possible that a third person gives his or her residence as a guarantee. We then think of family or the partner.
  • When we compare the interest rate of loans, we see clearly that a residential loan has a low interest rate compared to an installment loan or personal loan.
  • A mortgage loan for the purchase of a home has a much longer duration. Since the home serves as a guarantee, the lender takes less risk.
  • The interest rate on mortgage loans for the purchase of real estate is therefore much lower.

Comparing the interest rate of loans?

If you are looking for an interesting loan, you will of course compare the interest rate of loans. As an Online Credit Broker we work together with multiple lenders. We have extensive experience with all forms of loans. Even those who already have several loans can contact us. Contact us and we discuss your file with you, discreetly and without obligation.

Mortgage loan and home bonus from 2015

There was a lot to do in the second half of 2014 about the housing bonus that the government offers to buyers of their own home.

In short: after the formation of government it was decided in 2014 that the subject matter of the housing bonus would become Flemish competence in 2014 instead of federal. It was immediately added that Flanders would reduce the housing bonus from 1 January 2015 in the context of savings.

Many specialists were counting. The financial effects of the adjusted housing bonus are not minus. An average family, two-income households with two children, would purchase about 50,000 euros over a period of 20 years when buying a house with a mortgage loan .

More demand for mortgage loans

Question was therefore what the consequences would be for the real estate market. In the second half of 2014, we were able to identify a great deal of activity. Until December 31, the buyer could still benefit from the old system. This led to more visitors at real estate and credit brokers. Families were asked about the possibilities to purchase a house or apartment. Credit brokers got more interested people on the floor with the same question: “How much can we borrow for a house?”. Not only a new mortgage loan was in demand. There was also more demand for the possibilities to revise a loan . This each time to make maximum use of the old home bonus system.

This increased interest was also translated into more transactions. The number of realized sales and closed mortgage loans was higher than the year before. Notaries are stepping up to complete all files by the end of the year. After all, both the purchase and the mortgage loan had to be fully in order by the end of the year. And so it happened. The complete scenario ran as predicted.

Of course, we also looked forward to the reactions to the new housing bonus. In the real estate sector, sales in 2015 were expected to be considerably lower. After all, many prospects had realized their purchase more quickly in order to be able to enjoy the old home bonus in 2014. At the beginning of 2015 there would therefore be fewer interested parties and therefore less demand for housing.

Mortgages and real estate in 2015

The predictions did not come out in 2015. Strangely enough, the notaries established that the number of homes and land sold in January is at the same level as a year before. An unambiguous explanation for this was not yet immediately to be found. Bart Van Opstal of notaris.be cited the low interest rate as a possible factor. Because the savings hardly yield anything, consumers look for other possibilities. Investing in real estate can then be a valid alternative. This new group of prospects creates a new demand.

Let mortgage loan revise – costs and conditions

More and more people want to have their mortgage loan revised. The interest rates have dropped for a long time.

This put a large number of consumers on the hunt for a cheaper loan for their home.

The requests from customers who have their mortgage loan revised have increased for a long time at the banks. Nevertheless, there was also a large group of consumers who were waiting. These people watched the cat from the tree. Interest rates continued to show a downward trend. Many consumers assumed that the bottom of mortgage interest had not yet been reached.

The financial markets show a number of interest rate increases. These rising interest rates mean that a lot of people are suddenly taking action. Instead of waiting any longer, they contact their bank or credit broker. The mortgage loan to be revised is now high on the agenda.

Let mortgage loan revise

A mortgage loan is a contact between two parties and can therefore be reviewed in mutual consultation. In the case of a loan to a consumer, the rule is clear. You can repay a loan at once if you pay a reinvestment fee. This compensation is limited to three months interest. You pay the outstanding capital plus the interest you would have had to pay in the next three months.

The above rule applies to all credits to consumers. To have a mortgage loan revised whereby you pay back the old loan is also included. However, a mortgage loan must meet many formal requirements and entails additional expenses. A mortgage loan is registered with a mortgage office, becomes past for a civil-law notary and also leads to file costs at the bank.

It is therefore important to weigh the extra costs against the savings in interest. A mortgage loan works with a compound interest so that there are some calculations and formulas to the pass. It is simply not possible to formulate an unambiguous answer via our website. The best option is to visit a specialized broker and submit your file. You immediately know whether your mortgage loan is worth reviewing.

We search every month for the cheapest loans!

Which lender currently offers the lowest interest rate for mortgage loans? Do you want to know what the most advantageous loan is in your situation?

How many credit requests can I make to borrow money?

You want to borrow money and are therefore looking for the right loan.

People compare different banks and different credit providers. There is, of course, nothing wrong with that. But did you know that you have to be careful that you do not just ‘just’ submit credit applications everywhere? Jump in moderation with credit applications. Otherwise, you run the risk that your application will be refused at all institutions!

How many credit applications?

We have already indicated this in various articles on this website. The approval of a loan depends on a lot of factors. The level of income and the number of current accounts play a major role. But did you know that also how many credit requests you make? Many applications end up at the same head office. Several credit companies are part of the same financial group, which centralizes the applications.

  • Consumers need a new loan from time to time. There is nothing wrong with that in principle. The purchase of a car , a relaxing journey , an interesting opportunity or unexpected costs. Enough good reasons to look for a credit.
  • Such a good 10 years ago you could, in a manner of speaking, visit every credit broker and submit credit applications everywhere. Different brokers worked with different lenders. As more and more creditors have merged, many applications now enter the same service.
  • Suppose you want to take out a personal loan . You go to credit broker A and credit broker B. In both cases you are tempted to make a full credit application. Eventually you will also end up with credit broker C. You also make a loan application there and suddenly your file is refused! You will no longer receive a loan until your stupid surprise!

  • How come? If you make too many requests, this is not a good thing for the lenders. It seems like you are working recklessly and unthinkingly. You want a loan at any cost. Lenders can judge that you have not thought carefully and are acting irresponsibly. And so they are afraid that you will not take sufficient responsibility and will not pay back correctly.

Procedure for credit applications.

  • Are you looking for a new loan? Do not be sure to submit credit applications anywhere.
  • Inform yourself in advance about the conditions and possibilities.
  • Choose a credit broker with a lot of experience. He can already make a good estimate of your file.
  • The loan must be applied for only once
  • You thereby avoid the risk that your loan will be refused due to too many credit applications.

Immediately the right credit application

It is therefore advisable to have a good look around before submitting a loan application. Start by comparing rates and additional conditions of different loan providers. Is something unclear about your file? Then ask for more explanation from the lender or credit broker. So you have all the elements to make a credit application in a good way and you will not be faced with annoying surprises.

Cheap Personal Loan

Are you looking for a cheap personal loan. Every form of borrowing gives its own characteristics.

It is important to find a cheap personal loan that also fits seamlessly with your income and financial situation. With the right knowledge you can borrow cheaper. In this article we will discuss the main characteristics of the personal loan.

What is the loan for?

  • The loan on installment or personal loan is a widely used form of borrowing money. You can actually finance just about every expense. You can take out a cheap personal loan to go on a trip, pay unexpected expenses, pay a loyalty, and so on.
  • So when you compare loans, your first question is: is the personal loan what I need? For example, if you want to get a car, a cheap personal loan is more expensive than a classic car loan. For certain work in the home, a renovation loan can be considered. You may then still enjoy a renovation premium .

Where can you find a cheap personal loan?

  • A good loan is a loan that suits you. This means that you clearly know in advance what amount you have to repay per month. And that you also know that you can repay that amount with your current and future income. Otherwise it does not make sense of course. A cheap personal loan is not interesting if it exceeds your possibilities.
  • The best way to find a cheap personal loan nowadays is via the internet. Any serious lender or broker offers you the opportunity to submit an application online. Always enter all data correctly and do not leave anything behind. If you are blacklisted or have recently risen , the file manager will definitely know this.
  • It is important to note that you do not have to submit an application randomly on all possible websites. People often think that they maximize their chances. The reverse is true. Start with a professional credit broker with a lot of experience. Enter your file as completely as possible. Be honest about your data too.
  • Your file will then be examined in detail. If there are any ambiguities you will be contacted and the file will be discussed with you. In this way, the right loan is applied for. This way you have the maximum chance that your cheap personal loan will be approved. It is better to make one correct and complete credit application. So you have maximum chance that the loan is also approved.

Refused at the bank – can I get a loan?

You have submitted a loan application but you have been refused at the bank?

There are other options for borrowing money. What is possible and what does not depends of course on your situation, your income and current loans. Can you still get a loan? It is first and foremost important to know why the application was refused. Read all about it in this article.

Nice is of course different. You make a loan application from your own bank or another bank in your area. You look forward to the result. And then you get the bad news: you have been refused at the bank. Does the bank not want to give you a loan but are you not on the black list? Then you can search online for another lender. After all, every lender has his own way of looking at your file. One society may find it too risky to grant you a loan. The other company has a different view of the case and approves your request. It is therefore not because you have been refused at the bank or a particular financial institution that it is therefore completely impossible to get a loan elsewhere.

Refused at the bank – black list

On this website we do not tell you fairy tales. Have you been refused at the bank because you are on the black list? Then you can indeed no longer receive a loan – unless you have a property.
If you are not an owner, you will receive a negative answer from every bank and lender. The blacklist serves to inform the other credit companies that you have or have had payment problems. At the same time you will avoid making more debts.
Have you been refused at the bank but are you the owner? Then there are a limited number of credit providers that can take your dossier into consideration. It is then important to ask yourself whether an extra loan is a solution to your problems. Or does it only lead to more problems?

Where can you go?

Have you been refused at the bank? There are still a limited number of possibilities to get a loan.

Borrow money? All loans can be requested online here.

On this website you will find a lot of interesting information regarding money borrowing in belgium .

There are a lot of expenses that can not be paid in cash for the average consumer. Think of the purchase of a house, a new or second-hand car, a nice trip or a renovation. Do you want to be helped quickly and expertly?

 

A loan with expert advice

It is first of all important that you take out the right loan that suits your situation. There are different types of loans and they vary quite a bit in terms of maturity, conditions and interest. You will find an overview of the most important forms of money on this site. We will give you a lot of info through the website.

Borrowing money also costs money. But that is not a problem in itself. With the right credit adapted to your situation you can perfectly balance your budget. You do the best thing with a customized loan. We are happy to help with that. That way you can be sure that borrowing money does not give you sleepless nights. We will give you a first overview of the various loans on this page. Take the time to compare the different types of loans. Every form of loan is extensively discussed on our website. Are you ready for the best deal?

Borrow money: types of loans

  • Buying a house or apartment? Then you automatically end up with the mortgage loan . Borrowing money with a mortgage means that the bank takes the house as collateral. The bank therefore has a great certainty that it will be able to recover the invested money. The interest rate on mortgage loans is therefore extra advantageous.
  • Buying a car, motorcycle or mobile home? This could in principle be done with a personal loan. However, you are cheaper if you go for a specific loan for cars. Pay attention, however, one car loan is not the other: there are differences in maturities, interest rates and conditions. This depends on whether it is a new car, an occasional caravan or a motorhome. There are also many variants within the car loan .
  • Making a nice trip? Pay a communion celebration? You can call on a personal loan for the most diverse expenses. The sum is deposited into your account and you can freely dispose of the money. The guarantees for the bank are less so that the interest rate in general is somewhat higher.
  • Install a new bathroom or kitchen? Renovate your house? The renovation loan is perfect for this. You can decorate your home and transform it into your dream home. Mortgage registration is not required for this type of loan.

Borrow money without a bank – Borrow through the internet

If you are looking to take out a loan, there are now several possibilities.

Traditionally, people used to go to a bank branch in the neighborhood. Now that is completely different. Borrowing money without a bank has become at least as popular with the rise of the internet. There are good reasons why people take out a loan without a bank.

Why borrow money without a bank?

If you are looking to borrow money, it is obvious that you will compare different banks and other lenders. And then we do not only mean the interest rates or interest rates of the various parties. Borrowing money without a bank often causes people another reason.

  • It is thus every provider of loans sets its own conditions to approve a loan application. The lending of money involves risks for the credit providers. There is always the possibility that the debtor will not be paid back or paid too late.
  • Each institution handles the risk differently. There are banks that focus on the ‘easy’ customers. Two earners with a large income, some extra savings on the bill, a home and a stable job. They get an agreement from the bank pretty easily.
  • Not everyone is in such a luxury position. In many people their file is not so rosy. Borrowing money without a bank is often the solution. After all, there are creditors who have focused on the more risky files.
  • Of course, borrowing should never be frivolous. It is important to check with yourself whether you will be able to repay the loan. Taking out a loan to get into trouble is definitely not recommended.
  • Borrowing money without a bank gives some extra possibilities for those who have thought carefully. Also who is on the black list and owns a house has another possibility to borrow.
  • The interest rate or interest rate of the loans may then be slightly higher. However, it is reassuring to know that the legislator has set maximum interest rates. If you borrow in an official way in Belgium you should never fear that you will have to pay interest on interest.

Where can you borrow money without a bank?

The easiest way to submit your loan request is of course via the internet. Any serious lender or credit broker undoubtedly has a website. On that website it is then possible to apply for a loan online. You give all the data and you know pretty quickly whether your loan has been approved. Borrowing money without a bank does not just give you more options. You do not have to leave the door for your application, you do not have to make an appointment and you will be helped quickly.

Borrow money for a trip – the holiday loan

We all have the need to take a break. A while away to recharge the batteries properly.

You come back reborn and you are ready to fly back in again. Sometimes your budget does not want to come along. Did you know that many people borrow money for a trip? This is then what we call a holiday loan or travel loan.

It sometimes happens that an attractive excursion suddenly appears. Ask friends or family if you do not feel like going on holiday with them. Or you get the chance to benefit from a nice last minute offer. It is more than annoying when you have to put the travel offer aside.

Borrowing money for a trip can be a possible solution. This so-called holiday loan was created for this purpose.

You must be able to travel when it fits into your agenda. If your wallet is temporarily struggling, you can contact a credit broker. They discuss with you the possibilities to take out a loan for a weekend trip, a short trip or even a longer holiday.

Borrow money for a trip – without hassle

Customers sometimes think that a holiday loan is nothing for them. They think that there is a lot of looping and paperwork to suit. You have to come up with quotes from travel agencies or campsites, you have to clearly indicate in advance to which destination you want to go, and so on. This is not the case at all. Borrowing money for a trip can easily be arranged via the website.

Most holiday loans are simply requested online . You can request a holiday loan via our website without much hassle. You contact us first via our form. We mail or call you and discuss the possibilities. Then the credit is requested – for that we need the income data and identity data. When the holiday credit is approved, the money is transferred.

For which trip can you borrow?

You can borrow money for any kind of vacation. You do not need to pass a travel agency. Some examples for which this loan can be used:

  • Weekend trip or city trip
  • Fly holiday to the sun
  • Last minute trip
  • Skiing holiday
  • All-in travel formula
  • Booking a campsite
  • Rent a caravan or a mobile home
  • Rent a motorhome
  • A stay on the coast or in the Ardennes.

Your travel loan quickly arranged

The holiday loan is therefore a formula made for those who want to get away from it and do not have the budget at the moment. Do you want to borrow money for a trip?

You can borrow money via the internet via our website

The internet is impossible to imagine in our lives. We can do just about anything via the internet nowadays.

Online shopping, contacting friends or family, ordering concert tickets, even putting the heating at our home higher or lower at work. Borrowing money via the internet is therefore not so strange. More and more people are choosing the convenience of the internet if they want to borrow money.

The advantages of borrowing money via internet are clear:

  • You win a lot of time.
  • You contact the credit broker when it suits you.
  • You do not have to leave the door: no traffic jams, no parking fines
  • Your application is very discreet and confident.
  • Quick treatment of your file

How to borrow money via internet?

  • Borrowing money via the internet is done through a very smooth procedure. You contact the broker who discusses your file with you via email or telephone. You will receive a proposal tailored to your needs. If the broker still needs documents from you, you can send them by post, fax or e-mail.
  • The big difference between online shopping and applying for a loan online is that the latter does not happen completely automatically. For example, if you buy cinema tickets or airline tickets via the internet, no one is involved.
  • Borrowing money via the internet is not automatic. Also on the other side of the computer connection there is a person of flesh and blood that follows your file. And that’s a good thing too. This way you can be sure that your loan is in line with your wishes. This in terms of duration, amount and type of loan.
  • Borrowing money via the internet is possible for all current loans. Many personal loans are passed on via the website. But car loans, rebuilding loans and home loans with mortgage are also requested via the internet.