Ideal home loan
- Start your credit request now (this does not result in a contract).
- After checking your request, the money will be in your account after 4 days.
- All you have to do is accept our offer. If not, then not. No catch, no upfront costs.
More and more banks have recognized the “ravages of time” and have adapted to the changing demands of consumers on a loan. More and more borrowers now want a loan that is quickly available and easy to apply for, low-interest rates and flexible contract designs are on the “wish list” for many borrowers.
Internet lending business, in particular, has seen significant growth in recent years. More and more borrowers are opting not for a loan offer from a traditional house bank with an extensive branch system, but for a loan offer from an online bank on the Internet.
There are many advantages to an online loan
The borrower can not only benefit from a quick and easy application for the offers of the online banks, as a rule, but most offers also are not subject to a specific purpose and can, therefore, be used for all conceivable purposes.
For this reason, using a loan for a renovation is no longer impossible. Borrowers who want to take out a loan for a renovation at the lowest possible interest rate are very well advised with the offers of the numerous online banks because they can provide loans at a significantly lower interest rate by dispensing with a branch system and lower staff costs. Due to the significant increase in supply, especially in the online banking sector, borrowers should definitely use a comparison on the Internet.
Finding loans for renovation on favorable terms – this must be taken into account when comparing
When comparing credit online, borrowers – who want to save as much money as possible – should focus primarily on interest rates. Basically, borrowers should always differentiate between target and effective interest rates when comparing loans. The borrowing rate is the adjusted interest rate and is only of limited significance.
If you want to get a precise overview of interest and total loan costs, the comparison should focus primarily on the effective interest rate. For most loan offers, the effective interest rate depends on the borrower’s creditworthiness, term and loan amount, use and repayment. The borrowing fees are also taken into account in the effective interest rate.
Borrowers who want to take out a loan for a renovation with the lowest possible effective interest should have a high income and a positive Schufa information. In addition to these factors, the term and the amount of the loan also play a significant role. As the bank takes credit risk and capital commitment into account, borrowers should have a short term and a low loan amount.
Taking out loans for renovation at a low-interest rate –
The loan comparison with a loan calculator makes it possible. With the help of a loan calculator, borrowers can quickly and easily compare multiple loan offers. The loan comparison with a loan calculator is useful due to the consideration of individual loan sizes. By taking the term, loan amount, repayment and income into account, the best offers can be quickly filtered out and the search can be decisively restricted.