What is the best bank for a loan? The answer is that this largely depends on your personal situation and income. If you value services, then a local branch of OUTbank or Polu Bank is a great choice. The cheapest loans, on the other hand, are mainly found on the internet. Online banks offer the lowest interest rates but provide little service.
An internet loan can be arranged quickly if you meet the conditions. In general, this is a fixed income with sufficient spending scope to pay off a loan. People with a house for sale have an advantage over those with a house for rent. After all, they build capital. You must also be at least 18 years old. If you are older than 65, there are special senior loans.
Requesting is easy. You enter a number of personal details and send the online form. The bank checks with the Credit Registration Office whether you have outstanding debts with other banks or companies. This includes debts from a credit card, a red balance at the bank and accounts at mail order companies. Your income will also be tested to see if you can carry the loan.
Apply for a loan online
You can of course submit a separate application to each bank. It is easier to make a joint application at Askbank. Your application will then be sent to various banks who will then issue a personal offer. In an overview you can see at a glance where you can borrow and at what rate. The best bank for a loan often turns out to be a subsidiary of a large bank. These subsidiary companies work cheaper because they are active online and do not have to maintain an office network.
Which loan is best?
The two most important loans are the personal credit and the personal loan. Which is best depends on your preference. The revolving credit is slightly cheaper and with this loan you always have money in hand. Repayments of this credit may be withdrawn again. Hence the name ‘revolving credit’. In practice, customers regularly withdraw money from the credit, so that it is never fully repaid. With the personal loan you repay a fixed amount every month. Money cannot be withdrawn in the meantime. So you know exactly when the loan ends and how much it costs in interest.
BKR listing and still borrowing?
Customers who are two months in arrears in paying off a loan get a negative rating at the BKR. The bad thing about a negative BKR listing is that it stays on for 5 years after the loan is repaid. In those 5 years it is often difficult to take out a new loan with a bank. A few alternatives to still borrow money are the Municipal Credit Bank. This social bank is then the best lender for a loan. The credit is higher than a mini credit and a reasonable interest is paid. A mini loan does not exceed 900 euros and the client pays high closing costs (which have been banned since the summer of 2018).