Falling interest rates make borrowing money increasingly cheaper. For example, you can now take out a revolving credit from the low variable interest rate of 4.4%. But even if you already have a loan, you can still benefit from the low interest rate. This is the time for your loan transfer. Also think about fixing this low interest rate. Transferring your variable interest credit to a fixed interest loan means taking advantage of the historically low interest rate for the entire duration of your loan.
Interest rates continue to fall
Since the start of the economic crisis in 2008, interest rates have been falling. The interest rates for savings and on mortgages have now been halved. Borrowing money is also becoming cheaper. The European Central Bank (ECB) has a major influence on this. As a crisis measure, the ECB continues to lower interest rates. In the hope that borrowing money cheaply leads to more spending in order to stimulate the economy.
Variable interest, fixed interest
When taking out a loan you have the choice between borrowing money at a variable interest rate (revolving credit) or a fixed interest rate (personal payday loan). A loan with a variable interest rate is often cheaper than borrowing at a fixed interest rate. But it also brings more uncertainty. The interest can just rise, making your loan more expensive.
Due to the historically low interest rates, the moment for your loan can now be rescheduled. Thanks to our transfer service that is also very easy. Do you currently have a revolving credit with variable interest? Then continue to benefit from the low interest rate by transferring your credit to a fixed-interest loan. Then you know for sure that you are borrowing at a low interest rate for the entire duration of your loan.
More benefit: more favorable conditions
Transferring your loan has more benefits. The conditions on which you can borrow are constantly changing. These new conditions apply to a new loan. For example, the penalty-free extra repayment of a personal payday loan or borrowing at a higher age. Transferring your loan means that you will also benefit from this.
Transfer loan with transfer service
People still think that refinancing a loan is a lot of hassle, or costs a lot of money. Indeed it may be that with a personal payday loan you have to deal with penalty interest. But you can repay or transfer a flexible revolving credit without extra costs. And our transfer service is happy to take care of the administration, even if your current loan is with another bank. Request a quote without obligation and see immediately what you can save.