Lending cheaper is cheaper than you may think. At the moment, it is true that around 80% of Dutch people borrow too expensive. The question is of course what this is about. How is it that a people who are known for their old Dutch frugality are borrowing on a massive scale? Are we borrowing from the wrong institutions? Do we not fully understand what a loan is?
There are several factors why we do not seem to be able to take out an advantageous loan. While taking out a loan is pretty easy. And definitely take out an affordable loan!
Why do we borrow way too expensive?
Why are we Dutch actually borrowing far too expensive? Why is borrowing cheaper for many people apparently so complicated? The answer to this question is fairly simple. The first important point is that by no means all consumers are well aware of what a loan means and that certain forms of borrowing money do not see it as a loan. You can think of the red on the payment account. Also using or having credit cards with a monthly repayment is often not experienced as a loan, while this is indeed the case. You have to pay interest on your loan. And it is precisely on these forms of borrowing money that the interest is between 12 and 15%! Cheaper lending is then often quite easy.
In addition, many loans are also taken out with the bank where the current account runs. Banks such as OUT, Nabubank and Numbyu. Understandable of course, because these banks are familiar. Unfortunately, they also immediately abuse this. The banks use much higher interest rates than necessary. For example, you pay a minimum of 6.9% for a loan of € 25,000 at the Numbyu bank. While this is also possible for an interest rate of 4.5%! A difference of 2.4%. Translated into an annual saving, this is € 600! Lending cheaper is therefore interesting, and can yield you € 50 per month!
Where can you borrow cheaper?
You therefore do not borrow cheap money from your own bank, nor from the credit card companies.
You can borrow the cheapest from consumer credit brokers, such as CreditSaver or Buhiloan. These are loan providers where you can go very cheaply. These parties use interest rates of 4.5%. So that means borrowing money for a good price! Lending cheaper than this is not possible for a consumer credit. The lowest interest rate is currently 4.5%. Start immediately with cheaper loans and transfer too expensive loans to a cheap loan!