Consumer credit is often associated with different assumptions and prejudices. However, an unsecured loan is a great alternative for financing small and large purchases.
Here are six reasons why it is definitely worth considering an unsecured loan as a financing option.
1. It is suitable for many different applications
With consumer credit, you can finance small and slightly larger purchases and dreams, such as renovating your apartment, going on a holiday, or even a motorcycle. The damage does not seem to occur at the neck of the clock and sometimes the daily life becomes more difficult in the form of a broken dishwasher or refrigerator. Cooking is also nice with efficient, fast and above all modern kitchen appliances. So consumer credit is also ideal for everyday purchases and surprising expenses.
In addition to acquisitions, consumer credit is also used to combine loans, which pay off a variety of loans and credit card debts with a larger loan. The combination of loans and credit card debt has gained in popularity due to their moderate interest rates, increased loan amounts and longer loan periods available.
2. The costs are comparable
Many may find it difficult to compare loan options because of the many costs involved and how they work together. Did you know that banks and financial institutions should disclose the APR to borrowers? The effective annual interest rate, which is the current annual percentage rate of charge, takes into account all interest, charges, and repayments on the loan, and makes the loan offers comparable with one another. So you can compare loans with no worries with the real APR
3. Handling is flexible and fast
Applying for an unsecured loan is easy and straightforward. With our service, you will complete your application within minutes and receive your first offers as soon as possible. Our partners will process your loan application within minutes of submitting your application. After the credit decision is issued, the money will be credited to your account within the same day. Of course, it is good to know that your bank may require, for example, a pay slip before paying off your account, which will slightly slow down your loan.
4. The property does not need to be pledged as security for the loan
You do not need any collateral or collateral for your unsecured consumer credit. So you don’t have to tie up your property or ask your parents, for example, to secure your loan. To apply for Unsecured Consumer Credit through our service, you must be at least 20 years old, have regular salary or pension income, and have a good financial history.
5. The repayment may be adapted to suit your household
The repayment period for a consumer credit is determined by the monthly installment, which is definitely worth adjusting for your income and expenses. However, it is good to remember that the smaller the monthly installment, the more you pay interest and expenses in the form of a longer loan period. An absolute plus for an unsecured loan is the ability to repay it at any time, in whole or in part, even at no extra cost. Savings will be made in interest and expenses if the loan can be repaid before the agreed maturity date.
6. Balancing the economy is achieved through a consolidation loan
Combining loans is a great way to balance and clarify your own finances. If you have more than one loan and credit card, it can be really difficult to understand the overall situation and you may not realize how much interest and expense you will have to pay in full. Account management and monthly payments for more loans and credit cards also burden the economy. It is a good idea to take a consolidation loan when its total cost and interest are lower than the interest and expense of the loans it combines, saving you cash and significantly improving your financial management. It should be recalled that a consolidation loan will only benefit if it clears all other debts.
By comparison, you will find the best option
With us, you can apply for a loan from several banks and financial institutions with just one application for the Best Interest Guarantee. We list all loan quotes you receive, in order of preference, with all costs involved, so that comparison is as easy and simple as possible for you. At our service, you will always see which partner is still working on your loan so you can make sure you have received all the offers for comparison. Start your free comparison today!