Consumer loan is loan for consumers to do a certain edition. Loans to companies and mortgages are therefore not covered by consumer loan , but most other types of loans do. The consumer loan must be responsible and fit in with your loan goal and your financial options.
The best known forms of consumer loan are:
You borrow an amount at an interest that is fixed throughout the entire term. You repay this loan within a set number of months. So you know exactly how much you spend per month and how long you are repaying. You cannot withdraw the amounts that you pay off on your Personal Loan. Nowadays it is possible to repay penalty-free extra on your Personal Loan. Then the duration becomes shorter. You can be advised on a Personal Loan and take out it immediately.
With a Continuous loan you get a loan limit: you can withdraw money up to that amount. Every month you pay a fixed amount in interest and repayment, usually 2% of the loan limit. Interest will only be charged on the amount withdrawn. Moreover, the interest is not fixed, but is variable and can therefore be different every month. Repaid amounts can be immediately withdrawn and you can always repay additional fine without penalty. You can be advised on a Continuous loan and close it immediately.
What is the consumer loan most used for?
- Consumer goods
You want to buy something, but you don’t have the money for it (yet). You can then wait until you have collected the required amount. But you can also take out a loan . Most consumers loan en are taken out for the purchase of a car.
- Renovation or sustainability of the home
A new kitchen, bathroom or conservatory can be quickly realized with a consumer loan . We also like to conclude a consumer loan in the the country for solar panels, double glazing and home insulation.
- Pay off debts
A rent arrears, a few bills not paid and or the premium for your health insurance that has not been written off. It is not nice to have debts. Pay them off in one go with a Personal Loan and you will be in control of your finances again. Also very suitable for paying off your purchases at a mail order company in one go.
- Loan loan
If you already have a loan, but you find it too expensive, you can choose another provider. You then pay off your old loan in one go with your new loan. But you are better off because your new loan has better conditions, for example a lower interest rate. The new loan provider will check again if you are eligible for the loan .
- Merge loans
You have a number of loans that are all taken out at different times and run with different parties. For example, a Personal Loan for your car, a computer that you pay off in installments and occasionally turn red. By combining the various loans, you can save on costs. You also have a better overview of your finances with one loan.
Special training can strengthen your position on the labor market. You cannot get a student loan from DUO for every study program. Thanks to a consumer loan you can make your dreams come true.
What should you pay attention to at a consumer loan ?
It is important that the loan that you take out fits in with your loan objective and with your personal and financial situation. That is why a loan provider will always ask. In addition, the loan Registration Office will check whether you have any other loan en and whether you have (had) problems with this. But you also have to feel good about the loan yourself. No fewer than 44% of consumers therefore first ask for advice. With us you get free advice without obligation about the loan.
What are the costs of a consumer loan ?
When you take out a loan, you pay interest. That is the loan allowance. The maximum loan reimbursement in the the country is 14% per year. The interest may therefore be lower, but never higher than 14%.
The loan provider may not charge extra costs such as a guarantee. And a consultant may not charge any kind of costs for concluding a consumer loan. Costs for the application or administration costs are therefore not allowed. The loan provider must also be clear about the costs. We naturally follow these rules and, moreover, look for a loan that works out well for you.
You can always conclude a responsible consumer loan at the most favorable conditions and interest. You get advice and clarity about the costs so that you are not surprised afterwards.