Banks are currently getting cheap money for lending. However, the low interest rate does not always go down well with customers. But there are alternatives.
In view of the low level of interest rates, credit institutions are currently getting money very cheaply. But do they pass the low interest rates on to their customers? One should think so. If you look at the numerous offers, however, it becomes clear that there are big differences in terms of conditions. Depending on the provider, one and the same borrower pays almost double the interest. So a loan comparison makes sense.
This is how you lend money cheaply today
Those who apply for their loan online can save a lot. In addition to banks, crowdlending platforms also grant loans. lend.ch about offers Personal loans from 3.5 percent Interest on. This is possible because such platforms only work online. Thanks to lean structures, they save costs and pass these savings on to their customers. And it’s worth it: With a cheap personal loan, for example, interest costs can be reduced by up to CHF 2,000 for 30,000 francs and a term of 36 months. With such savings, it often makes sense to refinance an existing loan.
You should know that with loan offers
Whether on posters or on television, cheap loan offers are being advertised everywhere. It is important to pay attention to the APR and not the nominal interest. This effective interest includes all fees and commissions.
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An excellent credit rating is a prerequisite for benefiting from the lowest interest rates. In addition, numerous other factors are included in the assessment, for example age or collateral. As a result, only homeowners are usually given the best terms.
Getting a cheap loan is still possible for many. Heard with interest from 3.5 percent LEND to the cheapest loan providers in Switzerland. This is not a shop window rate. More than 10 million francs in loan volume have already been paid out at this interest rate. Even if you don’t get the best interest rate, you often pay much less with crowdlending than with a bank. That is why over 40,000 customers put their trust in LEND and more than 130 million Swiss francs have already been paid out.
Replace current loans
Fintech companies like LEND not only offer new borrowers in many cases significantly better conditions than conventional providers. Especially borrowers who already have an ongoing loan and have proven their payment behavior there can do so Refinance at LEND at better conditions. It is therefore worthwhile to compare the interest rates on existing loans.
* Lending is prohibited if it leads to over-indebtedness of the consumer.
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