We are increasingly seeing people being offered an unnecessarily expensive loan. You know them: the large lending factories that try to sell their money every day with expensive television commercials and advertisements. Time and again we see the same satisfied ‘customers’ with a radiant smile tell what they have bought with the borrowed money. But what you will never see is how the same customer is doing a few years later. Because a loan must of course be repaid… Of course we are not against borrowing. In fact, it’s our job. But we want it to be done responsibly. That you receive a loan that fits your situation. That you only take what you really need. At the lowest possible rate. So you can borrow without any regrets. If you do not compare, you run the risk of taking out a loan that you will regret.
What should you compare?
- The interest rate
- The term of the loan
- The premium for additional insurance policies
Many pretend that they are the cheapest, you must determine that yourself by comparison. We do, however, strongly emphasize, NEVER sign before you have properly compared everything. (For many providers, insurance is only mentioned at the time of signing. Then don’t sign immediately, but compare first!)
We have deliberately chosen a site where you are not distracted by photos of smiling people, flashing interest rates and / or low monthly charges. On our site you can find the premiums for the additional insurance policies and that is very exceptional.
The interest rate
It is logical, the lower the interest rate, the cheaper the loan. There can really be a lot of difference. You can find the lowest interest rate that we can offer at our Interest Rates. Also take a look at the Interest overview. If you find your current loan in this overview, you can immediately see if it can be done cheaper. But do not just look blindly at an interest rate, because then you will forget to compare the rest. Watch out for promotional interest rates; as a bait, you will receive a temporary interest discount, but that is almost always accompanied by (mandatory) too expensive insurance.
The term of the loan
Everyone talks about lower monthly payments, but nobody talks about long durations. It seems as if most people are not interested in how much a loan ultimately costs, as long as the monthly amount is as low as possible. We want to hear low interest rates and low monthly charges, and we focus on that. Loan and mortgage providers, promising low monthly payments, do good business. For some customers, credit providers where you can borrow € 30,000 for just € 34 per month quickly enjoy complete confidence. but, the lower the monthly costs of a loan, the longer the term and the higher the total costs. If you compare well, then you must also compare.
The premium for additional insurance policies
You might think: “I don’t want any additional insurance, I want a loan.” Assume that 90% of the loans are taken out with additional insurance. Because most credit providers deliberately do not mention the premiums for the additional insurance in advance and you are already blinded by the low interest rate and / or the low monthly charges, the most important comparison is no longer made. If you make that comparison, then often the super-super offer suddenly turns out to be less cheap due to the additional insurance policies.
As you understand, you can take out insurance in addition to your loan. This prevents you from getting into trouble if your financial situation suddenly changes. In short, there are three types of insurance:
- Disability insurance (AOV)
- Unemployment insurance (WW)
- Term life insurance (ORV)
When is an insurance required?
You can determine this yourself on the basis of the following questions:
- How much will my income fall if I become disabled or unemployed?
- Can I still pay the loan? If the answer to the second question is no, it seems sensible to take out insurance.
Apply for the loan
You have reached the final step: applying for your loan. We are convinced that you borrow after this crash course have no home I’m all information to do so wisely. On this page you can choose a loan and indicate how much you want to borrow. If you click through, we would like to know more about you, so that we can process your request as well as possible. We will then send you an e-mail with the approval conditions as quickly as possible. An application does not oblige you to anything. If you have received the quotation, you are of course free to compare rates with those of other providers. You now know what to look for in order to borrow without regret…