Maybe it’s time for a new car or washing machine. Or maybe that old bathroom should go out and a new one in it. Or go on holiday alone, with your love or friends, just because you deserve it. But if your savings bank book is on the lean side, you can’t. Or is it? It is no matter what you need money for: applying for your loan is now a piece of cake.
Apply for a cheap loan
Internet has its advantages if you are looking for a cheap loan. With a few clicks you can examine different credit providers and see very quickly who suits you best. With an interest rate that has never been this low, this is the time to take advantage of it. Every lender with a website usually also has a simulation tool where you can see how much you have to pay back per month, including the annual percentage rate (APR). It must of course fit into your monthly budget, so don’t go overboard. You can determine yourself how many months or years you will repay your loan. This way you can spread the total amount without feeling it in your portfolio.
You can borrow money from a bank or other lenders.
You do have to play a detective to pick out the right provider and check whether he is recognized in Belgium. If you are going to borrow, look at the APR to calculate the total percentage of costs per year for the entire term; that is the cost that the provider charges you on top of the money borrowed. Belgian lenders are required to report the APR on their website. The lowest APR means the cheapest loan, so more money is in your pocket. By comparing the providers with each other, you can quickly see who has the lowest APR, but note: borrowing money costs money, so also read the conditions carefully. You can find this if you go to the website of the provider. You need to fill in some data via the simulator, such as your age, your living situation, your income,
Once you have entered the details, the simulator will let you know in no time whether the loan is possible. You can then take out the loan immediately and the money is usually in your account within 2 working days, or sometimes after 24 hours. With all these different providers you can request a quote free of charge and then decide. So in order to apply for your loan quickly and (almost) effortlessly, you only need 3 steps:
- 1. Apply for a loan
- 2. Take out a loan
- 3. Receive money on your account
If you prefer to talk to someone in person then a bank is the best option. But if you want to take out a loan without having to put on the jacket, you can easily arrange that from a lazy chair – with a coffee next to it -.