Borrow money at low interest? Of course we all want that. The only question is of course what is the lowest interest rate at the moment. And where you can get this lowest interest right now. Borrowing money at a low interest rate, of course, starts with comparing things like so many things. Comparing loans may take you a little longer, but can save you a lot of money.
Borrow money at low interest rates
It is best to borrow money at a low interest rate in the form of a personal loan. Unlike a few years ago, the interest on the personal loan is now lower than the interest on a revolving credit. These differences are actually only increasing. The difference has now even increased to 0.3% on an annual basis. In addition, the interest with a personal loan is also a fixed interest. So you know where you stand.
Where can you borrow money at a low interest rate?
We have just indicated that it is wise to request different quotes if you really want to borrow at a low interest rate. Of course you do not have to request a quote from every bank. As crazy as it may sound, you can already omit the bank where you have your current account. It is best to borrow money at low interest rates from credit intermediaries. These are parties that specialize in providing consumer loans. The cheapest loan provider at the moment is Good Lender. The difference between the two is only 0.1% in favor of Good Lender. Taking out a loan with Good Lender is only possible through a credit intermediary. You can find credit intermediaries in our overview under personal loans and revolving loans.
Advice for borrowing money or execution only
If you are going to borrow, you can borrow money in two ways. You can do everything yourself, which is called execution only, or you can borrow money with advice. In both cases, the costs of mediating the loan are the same. Borrowing advice for money is free. This is regulated by law. No costs may be charged for mediating in loans.
Borrow money at low interest rates with BKR testing
Do you have a negative BKR registration? And do you still want to borrow money with a low interest rate? Then you will often be disappointed. The providers of advantageous loans all work with BKR assessment and BKR registration. So you cannot take out a loan without BKR testing. The big disadvantage is that you will always have to “get an expensive loan”. For example, you can request a mini loan. Keep in mind that this is really an expensive form of borrowing money, with a short term to a maximum of 62 days. In addition, the maximum loan amount is 1500 USD.