Credit comparison – How to get information

The Fine West Bank credit comparison periodically compares the credit offers of various banks with regard to their terms, duration and the amount of interest.

The evaluated test results and the evaluations carried out can be viewed by consumers under Credit comparison Fine West Bank on the homepage of Fine West Bank. The reputable test results enjoy high consumer confidence. In addition to the conditions, Fine West Bank also tested credit counseling and only came to frightening results in May 2012, in which the testers found that credit counseling in the branch banks was poor overall.

But if there is a reason today why customers who want to take out a loan go to a branch bank, it is only because they want advice. You can really do without bad advice. Therefore, it is easier and usually much cheaper if a loan is requested directly online from a direct bank. Anyone who needs additional information as a customer has various options for obtaining information online today. In the credit comparison Fine West Bank, the direct banks consistently fare better than branch banks in terms of their terms.

The best loan offer comes from the Agree Bank

The best loan offer comes from the Agree Bank

In the last test of the Fine West Bank, the Hamburg-based Agree Bank test winner was tested in the test, twelve branch banks and five direct banks. Fine West Bank took a closer look at a total of 85 loan offers with a loan amount of $ 4,000. All direct banks performed well, four of the five direct banks were rated “very good”. In addition to Agree Bank, this was Lite Lender, DKB and Best Bank. The result was very different for the branch banks. Of the twelve banks tested, ten were rated “poor” and two were even worse.

Credit comparison Fine West Bank sets new standards

Credit comparison Fine West Bank sets new standards

Consumers who intend to take out a loan should take a closer look at the test results and then submit their loan application to one of the institutes that did well in Fine West Bank’s credit comparison. The test results of Fine West Bank are reliable and customers benefit by using offers that are low-interest.

The test winner, Agree Bank, for example, offers an installment loan with interest independent of creditworthiness. This has the advantage that the general conditions are the same for all borrowers. The speed of credit processing is particularly emphasized. A few minutes after a customer submits a loan application to Agree Bank, he has a personal loan offer on the table.

It is also surprising that direct banks have consistently performed better when it comes to providing consumers with the most important standard information that they need to compare loans. Many branch banks do not even hand over this material to their customers.

Critical point Credit Bureau request

Critical point Credit Bureau request

The credit comparison of Fine West Bank also criticized that the employees in the branch banks used the wrong query when requesting Credit Bureau. As a result, loan seekers are worse off on subsequent inquiries because it looks like they were denied credit even though they were only able to make an offer. Care is required here, Credit Bureau inquiries for offers must be labeled with the condition request feature, only these inquiries are Credit Bureau neutral.

Conclusion

Consumers who, if they want to take out a loan, put their money on the Internet and make their inquiry with a direct bank, are basically doing everything right. The branch banks, which have so far been able to score with the argument of advice, continue to lose ground here. Bad advice, which in the end may even lead to wrong decisions by consumers, should be avoided.

Online loans are not only cheap, they also meet all the requirements set by the legislator. In this respect, the results of credit comparison Fine West Bank actually only confirm what many comparison portals have been promoting for a long time. Direct banks give consumers the cheapest loans.

To borrow money? The perfect project finance solution

Whether it is to meet unforeseen expenses or to finance the purchase of a property well beyond our income, borrowing money helps to get out of trouble. And with the easing of the conditions of access to credit, the room for maneuver is always greater and the advantages numerous.

WHY SHOULD I TAKE OUT A LOAN?

WHY SHOULD I TAKE OUT A LOAN?

Using a loan helps you to calmly face the moments of life when you do not have sufficient financial resources. Better still, this solution is recommended even if you have enough cash. This is particularly the case when it comes to investing in real estate. Banks and credit companies apply rates between 1 and 2%, which is below the profitability of up to 6% which can result from an investment in the rental. As a result, analysts agree to recommend the use of real estate credit, even if we have all or part of the amount of real estate to buy.

But borrowing money is not only advantageous for the acquisition, renovation or construction of housing (to live there or to earn rents). In fact, consumer credit, under its “earmarked loan” variant, helps cover one-off needs such as the purchase of a new car or the replacement of household appliances, without having to wait for savings or draw on them. this. This type of loan is generally contracted with a commercial entity, which supposes an outright cancellation of the contract, in case the purchase has not taken place.

In addition, the personal loan, granted exclusively by a banking or credit organization, without the need to justify the reason, gives total freedom. He can be assigned to any needs or situations. Revolving credit, another type of consumer credit, involves making funds available in the form of a credit card. The borrower can then have this reserve to finance his needs.

BORROW MONEY WITH PEACE OF MIND

BORROW MONEY WITH PEACE OF MIND

The decision to borrow money is often met with apprehension and doubt. The fear of being in over-indebtedness makes many hesitate. However, mechanisms exist and make it possible not to be unable to repay. In order not to get there, it is entirely possible to terminate the credit, under conditions which may vary from one lender to another, but become more and more flexible. Upstream, you can subscribe to a credit repurchase, to group all your loans in one, repayable in different monthly payments, with the possibility of negotiating more advantageous rates.

THE CREDIT SIMULATOR, AN UNWAVERING ALLY

THE CREDIT SIMULATOR, AN UNWAVERING ALLY

Practical tools help you find the borrowing formula that best fits your profile. This is particularly the case with the credit simulator. The latter is indeed an effective solution that helps you access the best offers on the market.

A well-used comparison tool is sure to save you money. And for good reason, the competition of several offers makes it possible to identify the most advantageous. Added to its practicality: no need to move, everything is done online, in a few clicks. In one and the same place, all the opportunities are presented to you, without you having to go around the sites of banks or financial intermediaries.

If you want to take advantage of the credits with the most flexible conditions currently, use our free online simulator, accessible here.

Instant loan without Credit Bureau

With more and more borrowers, the rapid availability of credit is playing an increasingly important role today. Anyone who also wants to benefit from attractive interest rates should definitely take a closer look at the area of ​​instant loans. In addition to the many large commercial banks and savings banks, many online banks are also active on the market today.

They are the ones who lure with instant loans. Attractive interest rates, flexible contractual terms and individual use are typical of many offers. Today, not only are conventional instant loans available, more and more banks are now offering instant loans without Credit Bureau. The instant credit without Credit Bureau is characterized by the fact that a Credit Bureau is not used in the credit check, which makes the loan particularly interesting for people with a negative Credit Bureau.

If you have a negative Credit Bureau, you should primarily use an offer without Credit Bureau, if you compare exactly, you can also look forward to attractive interest rates and individually appealing framework conditions.

Find instant credit without Credit Bureau with attractive conditions – Here’s how

Find instant credit without Credit Bureau with attractive conditions - Here

An instant loan without Credit Bureau is characterized primarily by the quick and easy application. Filling out an application form is usually enough to take the most important step towards a loan. In addition to personal details, the application form also has to provide information about the desired loan, after all, information about income, if applicable with proof of salary, must also be stored.

If the credit decision in the subsequent credit check is positive, borrowers can also look forward to a loan approval. The loan agreement can finally be downloaded, printed out and filled out. After all, the bank’s credit contract has to be sent by post; upon receipt of the credit contract, the full amount of the loan is paid out.

Borrowers looking for the best deal should pay attention to the effective interest rate when comparing. The effective interest rate can be decisively influenced by the creditworthiness, term and loan amount as well as the use. Borrowers who have a high income and opt for a short term and a low loan amount can look forward to particularly low effective interest rates.

Find instant credit through a comparison – The Internet offers numerous possibilities

Find instant credit through a comparison - The Internet offers numerous possibilities

Numerous financial portals on the Internet offer the possibility of making a comparison using a loan calculator, taking individual information into account.

The loan comparison with a loan calculator enables the borrower to take into account individual parameters such as term, loan amount and repayment, in this way the loan search can be significantly restricted and the best offers can be quickly filtered out. Borrowers who fall back on a comparison can permanently call up the cheapest interest and significantly reduce the borrowing costs.

I need a loan. Which loan is best for me?

An installment loan, a personal loan, a cash reserve, etc. It is not always easy to choose from the wide range of consumer loans.

Choosing the right credit for your project

Before applying for a loan, it is always important to find an answer to the following questions. In this way, you ensure that you make the right choice and thus obtain the best interest rate.

Is there a specific loan for the good or service I want to finance?

Is there a specific loan for the good or service I want to finance?

Always first find out if there is a specific loan for your project.

This type of loan comes with a number of benefits:

  • an interest rate that is lower than the one that you would obtain with other loans
  • You can also borrow money for a movable (and not just real estate) property or service

The reason that the interest rate is lower with this type of loan is that the bank takes less risk. The purchased good can be sold, certain services (such as renovation works) cause the value of another good (for example a house) to rise, etc. The bank or credit institution therefore has guarantees in order to recover their money.

The borrower himself also enjoys greater security. Since the loan is linked to a specific good or specific service, the loan will not be granted if the sale of the good (or service) is canceled.

A few concrete examples:

  • if you want to finance a used car, a new or ecological car, the car loan is the ideal solution,
  • for a new or second-hand motor, the motor loan exists,
  • You can apply for a car loan to finance a motorhome or a van. Some credit institutions even have specific loans for this type of vehicle,
  • do you want to carry out work in your home? The credit institutions offer renovation loans and renovation loans in order to realize these. If the works aim to save energy, you can often enjoy more advantageous conditions.

If there is no specific loan, you can opt for a personal loan or a cash reserve.

If there is no specific loan, you can opt for a personal loan or a cash reserve.

You do not have to account for both types of credit: you can borrow an amount and use it for any purpose.

Personal loan or money reserve? You are unsure between both options …

With a personal loan you can borrow a small or large amount. The interest rate and the term are fixed when the loan is taken out. The credit institutions use different names for the personal loan, but often this is actually one and the same product.

A few examples of situations where a personal loan can be interesting:

  • A personal loan is useful for financing decoration works. For example, you can finance new furniture, a new kitchen, paint, new parquet, etc.
  • to finance a marriage,
  • to finance your dream vacation,
  • to finance studies (for example, the registration fee, the rent of a room, the books, a computer, etc.)
  • for the purchase of a television, computer, smartphone, jewelry, etc.
  • in case of setback, for example for paying taxes or other unforeseen costs…

A money reserve works differently: with the money reserve, your reserve is replenished when you repay the money used. This is actually a credit opening where you have money available as long as the contract is running. The solutions offered are very flexible and you can decide how quickly you repay the money. You only pay interest when you use the money reserve. Sometimes you get a payment card with this type of loan, in other cases the money is immediately deposited in your bank account.

A few benefits of situations where a cash reserve can be helpful:

  • to cope with unforeseen circumstances,
  • if you temporarily need cash,
  • when you want to gain money in a flexible way.

The credit comparator 2020

HOW TO FIND THE BEST RATE WITH A CREDIT COMPARATOR?

HOW TO FIND THE BEST RATE WITH A CREDIT COMPARATOR?

We are in a consumer society where credit plays an important role in our lives. As soon as we get a serious job, we are planning major purchases such as a house or an apartment, with funding over several years. We plan for the future for our children and secure our future retirement. But this is not done without money, and unless you have inherited, credit is the solution to achieve your dreams. Only credit is expensive, and bank charges between all existing financial organizations are often different.

HOW TO ACCESS BANK LOANS?

HOW TO ACCESS BANK LOANS?

By opting for a bank loan, in general we contact our usual bank. Our advisor will carry out a simulation according to our needs and our repayment capacities. Common sense dictates that we go to different banks to find the most advantageous credit. There are many banking institutions, and if we want to study the different proposals and credit rates, we will spend a lot of time getting appointments, and at the end we will still not know which bank to choose.

THE CREDIT COMPARATOR.

THE CREDIT COMPARATOR.

The Internet offers us the possibility of making our task easier, by giving us access to the credit comparator. Each bank, each more or less known financial organization has its website with an online credit comparator. All we have to do is connect to the site that interests us, and fill out a simulated financing dossier. Depending on our needs, we can thus have an idea of ​​our future monthly payments, the duration of the repayment and above all, be aware of bank rates. We can do the same thing with all financial organizations. We can therefore have a fairly quick overview, and select the interesting establishments. Making a credit comparison file online, allows us to consider our future acquisition with full knowledge of our obligations.

“Across Lender”.

“Across Lender”.

 

There is an even faster solution for those who are running out of time and are considering borrowing. In addition to the credit comparator affiliated with a particular bank, our blog “Across Lender” has its own online credit comparator. It provides a very precise idea of ​​the bank rates charged by the most important financial organizations on the market. No need to make a credit comparison with each bank. Our online credit comparator provides you with all the necessary information on the rates charged, the monthly amounts and the duration of the loan that is most suitable. You know in advance which bank to contact, and have the necessary arguments to negotiate with an adviser. Are you planning a major loan in the future? Do you want to prepare your arguments to negotiate your loan? So go ahead! Our online credit comparator can provide you with all the answers in the shortest possible time. It’s fast and without commitment!

Borrow money blacklist – is it possible? – Direct borrowing from 0.65%

Do you want to borrow money, but are you unfortunately on the National Bank’s blacklist? Then you will notice that it becomes less easy to take out a loan. On the other hand, this does not mean that it is totally impossible. Look for the alternatives and thereby ensure that you still have the opportunity to take out a loan. Bring in collateral, or in some other way provide certainty with which you can still borrow money in a period when you want to have something extra at hand. There are always several ways to borrow money, but a loan from one of the recognized lenders is without doubt the safest way to get it done. Borrowing money does not necessarily have to be an impossible task with a blacklist listing and it is therefore always worth the attempt of an application. And if the financial resources you have regarding, for example, the salary are sufficient enough in the opinion of the lender, there is still a very real chance of a loan.

Only when you are sure that the options with the recognized lenders are nil, you could also look at other options, but the fact remains that borrowing money from one of the recognized lenders remains the safest way. It is therefore advisable to give this a chance in the first instance to see how you are doing. Even if you are blacklisted, you may still be surprised at the possibilities that exist with regard to borrowing money.

Alternative options to borrow money blacklist

Alternative options to borrow money blacklist

You can borrow money when you are blacklisted, for example by using a credit from a private person. Do you have friends, family or colleagues with more capital and do they want to help you? In any case, make good agreements and also put them on paper, so that no ambiguity can arise at a later time. You ensure that you can borrow money, although you can also decide to lend or pledge certain products and items. You convert the value of your belongings into money in exchange for an interest rate that you pay on this.

If you know someone who has the financial resources to help you out temporarily, that can of course be very useful. You will probably have to pay interest, but chances are that by arranging the loan in this way, the interest will not be as high as with the recognized lenders and of course you will not be hindered in this way of the fact that there is a blacklisted note.

Compare your options

Compare your options

Preferably, compare the different options you have to enable borrowing money and spend as little as possible. You can compare the loans online, to make sure you don’t pay too much. What is the interest rate that the bank or institution charges you and how does this compare to the other options you have? Borrowing the money if you are blacklisted is not easy, but it is possible and it is therefore worth a closer look. It is true that a cheap loan is often also possible with a blacklist listing, but this will usually have to be searched for well.

The possibilities are therefore limited, but of course you can always try for a loan. What some people sometimes do not realize is that their listing on the blacklist has already been removed, while people themselves are still assuming that it still exists. Of course, a blacklist listing will not last a lifetime, so you may already be rid of it. You will of course be able to estimate this yourself best, but if this is the case it will of course increase your possibilities for borrowing money considerably. But even without a blacklist listing it still does not mean that you can just borrow money anywhere, because there will still be a critical look at your loan application.

You shouldn’t worry too much about the blacklist, because perhaps a lender makes the estimate that despite the financial situation looking healthy and that will be considered sufficient to take out the loan to give. For many consumers who have ever faced the blacklist, it is often not clear whether it can still cause a nuisance or whether it has already been removed, but when a lender requests it himself in response to an application for a loan it will soon become clear. Borrowing money and applying for a loan is never a guarantee of a loan and looking at whether or not blacklisting is done by lenders is therefore only part of the protocol and therefore does not always have to be be decisive value.

Blacklist always consulted when borrowing money

Blacklist always consulted when borrowing money

The fact is that when borrowing money, lenders should always use the blacklist. In addition to being an obligation, it is also just that the blacklist ensures that lenders do not go wrong by giving someone a loan that is actually not suitable for this. After all, someone is not wrongfully on the blacklist, so that means that borrowing money for such consumers is often not very convenient to do. However, many people are not entirely sure whether or not they are on the blacklist and you can always try to borrow money. If this is not the case and you are blacklisted, for example, you will hear this automatically.

If you are on the blacklist, you will have to accept that borrowing money may not be wise, but that it will in any case be very difficult if you want to continue borrowing money. Official agencies always look at the blacklist, so you will understand that if you still want to borrow money you have to do this with an unofficial lender. You can think of a private individual who is willing to lend you the money. In that case, it does not matter whether you are on the blacklist, but borrowing money privately is of course also not the most ideal way of borrowing money.

Borrow money blacklist and borrow privately

Borrow money blacklist and borrow privately

Actually, lending money privately is one of the best options you have regarding being able to borrow money while blacklisted. That is not without reason, because borrowing private money simply creates a mutual agreement between you and the person who will lend the money. So this is not the official way of borrowing money to walk, but if the blacklisted listing leaves you with nowhere else to go, you don’t have a lot to choose from, except of course you just choose to borrowing money completely and not to do it. You may also wonder why you ended up on the blacklist and whether you should try lending yourself money, but that is another story, of course. It seems to be the best to try it despite a possible blacklist listing with a regular lender. Perhaps your application will be handled smoothly, because for this a lender will also look at the complete picture. If the blacklist listing gets in your way, you will hear this of course.

If you do not have the slightest idea whether you are on the blacklist, it is also possible that you check this yourself. This will at least save you the time and effort of comparing loans. On the other hand, a blacklist listing does not always have to be a barrier to borrowing money, so with the knowledge that you are on the list you do not get that far in that respect. As mentioned earlier, lenders will of course let you know if the listing is a blockage for your loan, but this is always assessed from situation to situation, so that it is certainly not a hopeless thing in advance and you will therefore always be free can target quotes and apply for the best loan you have found. If it becomes nothing with borrowing money because you are on the blacklist, you can – if you have also found other good loans – always try your luck elsewhere for a loan.

Need a Business Revolving Credit fast?

In addition to a business loan, there is another form of business financing: business credit. The difference between these two forms of credit is very important. A business credit can be seen as an amount that is already available at the bank. This amount can be withdrawn up to a fixed limit.

The borrowing party decides when an amount is withdrawn and how much it is. Interest must be paid on the withdrawn amount. Business loans are therefore one fixed amount that is (partly) drawn when the borrowing party needs it, as long as the term lasts.

A business credit can be applied for by an entrepreneur when a large one-off payment has to be made. One of the most important aspects of a business credit is the interest rate. Because it can differ per lender, it is always good to compare the different providers of business loans.

Apply for and take out business loans

Apply for and take out business loans

After comparing the different business credit providers, a business credit can be requested. In most cases this is not a difficult process, but it depends on the amount borrowed. There are providers who provide up to 250,000 euros online. Above that amount, there are often several steps involved, for example a conversation with the lender itself.

After applying for the business credit, the provider will look at a number of issues, including:

  • The industry in which the entrepreneur is active;
  • The entrepreneur’s experience;
  • The financial health of the company;
  • How much money is borrowed and what it is for.

When the application is approved by the lender, the amount of money will be with the provider after a short period. From that moment on, the entrepreneur can dispose of the business credit.

Calculating a business credit

Calculating a business credit

Costs are involved when taking out a business loan. In addition to the amount to be repaid, more costs will be charged. Interest is an example of this. This is only calculated on the amount withdrawn. Often this percentage is between five and nine percent.

This interest is spread over different periods. As time goes on, the interest rate decreases. How much is repaid in the month can be determined by yourself. This repaid amount can then also be withdrawn.

Information about a revolving credit

Information about a revolving credit

A business revolving credit is a loan in which the entrepreneur can withdraw money at any time. The limit that was agreed upon before taking out the loan applies. A difference with a ‘normal’, short-term business credit is that no end date is agreed. There is therefore no term to maturity with a revolving business credit.

A revolving credit is suitable for entrepreneurs who want more financial space and are not bothered by the variable interest rate and flexible term. Revolving credits are often requested for a long-term vision, for example the construction and maintenance of a fleet.

Frequently Asked Questions

What is a business credit?

A business credit is a loan in which the borrowing party decides when the money is withdrawn and how much is withdrawn. Where the amount for a business loan is paid out in full at the beginning, the amount for a business loan remains with the lender. The borrowing party decides when an amount is to be withdrawn. Interest is then determined on the withdrawn part.

For whom is a business credit suitable?

A business credit is suitable for anyone who wants to make a long-term investment within the company. A business credit can be applied for by entrepreneurs with a VOF, a sole proprietorship or a private company, after which it is checked whether they qualify for this. The lender then tests the creditworthiness of the borrowing party.

How do I apply for a business credit?

You can apply for a business loan from a lender. It is useful to compare the different lenders in advance, because important aspects can differ per provider. It is often possible to apply for a business credit via the internet. The application will be approved or rejected, based on, among other things, the financial health of the company. When the application is approved, the money will be available to the lender after a short period of time.

How much is the interest on a business credit?

The interest on a business credit differs. This interest depends on, for example, the creditworthiness of the entrepreneur. The desired term also influences the interest rate. In addition, the interest on a business credit is not fixed, but variable. This means that this percentage can fall or rise during the term.

What is a business revolving credit?

A business revolving credit is a credit for which no end date has been set in advance. This means that there is no term to maturity for the loan. In this case, the borrowing party can withdraw money as long and often as it wants, as long as it is repaid. This form of credit is often used for long-term renovation.

Focus on loan terms

The terms of a loan ultimately determine how much the additional costs that the borrower has to repay to the lending bank or savings bank in addition to the borrowed capital. Different factors can affect the amount of the interest and also the additional costs – for example, interest rates that are independent of creditworthiness are possible, as well as interest rates that are directly related to the creditworthiness of the borrower.

Interest of the loan is base on what?

Interest of the loan is base on what?

If the interest on a loan is not based on the creditworthiness of the borrower, it is based on the loan amount or the associated term – only rarely can loan interest be found that is actually fixed, at least as far as consumer loans from normal banks are concerned. An example of this would currently be the DKB, the Deutsche Kreditbank: it offers a fixed debit interest rate of 5.79% pa, the effective annual interest rate is 5.95%.

It’s hard to say which bank actually offers favorable terms, but you can make such a comparison using an example calculation. In a comparison, criteria such as the acceptance rate or, in the case of credit brokering, the placement rate should also be included, because good conditions are of little use to a potential borrower if he does not receive a loan approval.

A common prejudice is that interest rates on loans without Credit Bureau are higher because the banks have to accept a higher risk, but this is not correct. What makes these loans more expensive are the fees, if any, that are incurred when brokering a loan, since it is difficult to bypass the brokerage and to contact one of these Swiss banks directly.

Terms of the loan

Of course, the terms of a loan also include the type of repayment and other framework conditions, such as fixed interest rates. With long-term loans, it makes sense to fix interest rates as long as possible, provided they are at a low level. However, it should be noted that it can be expensive to terminate the loan – if the borrower wants to cancel within the fixed interest period.