What is responsible money borrowing? There are so many offers with cheap loans that the temptation is great to go for a nice offer. However, a responsible bank will first calculate your spending limit before taking out a loan. This seems obvious, but that is not the case. On the internet there are various possibilities to borrow money while this is actually irresponsible. Examples of this are so-called mini-loans and the provision of loans by private individuals on websites such as Marktplaats and Open Handel.
Types of loans
It is important that you have a good idea of what you want to do with the loan. Do you want to make a one-off purchase and then repay the loan every month with a fixed amount? In that case, a personal loan is the best choice. With this loan you know exactly what the loan costs and you pay a fixed amount every month. A completely different type of loan is the revolving credit . With this credit you can also finance a large purchase and you pay a monthly amount back. However, with a revolving credit you can also withdraw money again. Many people who take out an ongoing loan never fully solve this. In between, they withdraw money so that the loan continues to run (continuously).
Best bank for loan
Borrowing the best bank for responsible money is a personal choice. At banks such as ING, Rabo and ABN AMRO you usually have a better telephone service than with an internet loan. However, the big banks demand a significantly higher interest rate than a loan from an internet bank. Depending on the loan amount, this can save hundreds of euros per year. The internet banks are in many cases subsidiaries of the larger banks. You can, of course, approach the different banks separately and make an application to everyone. It is much easier to make a joint application.
Terms and conditions revolving credit
– Age between 25 – 68 years
– No negative BKR listing
– Permanent work