Lenders often have opportunities for companies to offer their products in combination with a financing or lease. This cuts the knife on both sides: both the producer or supplier of the product is helped and the lender to sell the loans to the end customer. This does not always benefit the customer, because the interest rates are sometimes very high, but it can nevertheless be classified under the heading how much can I borrow. You should of course keep in mind that almost every lender is a member of the Credit Registration Office in Tiel. This Foundation registers all consumer loans and GSM subscriptions in the Netherlands.
Is there such a thing as borrowing 150 euros in an easy way?
More than 10.8 million Dutch people are registered. If you request a loan from one of the members for more than € 500, chances are very high that you will be checked at the BKR in Tiel, both for your current obligations and for your payment behavior. In the event of poor payment behavior in the past, this will be reported to the BKR, after which a certain code will be added to your file. After the loan has been repaid, this code will remain in your name for no less than 5 years and may prevent you from obtaining a loan. Nevertheless, it remains the money provider’s choice to perform a check and registration at the BKR. Want to know more about the BKR? Read on here.
Certain conditions and restrictions apply to every loan you take out in the Netherlands. The difference is often between the ease with which you gather information and can request a free and non-binding quote from the various lenders. With one you have to make an appointment on the spot with great difficulty and put your entire life and plans on the table and often defend them, while with another loan provider you simply have to hand over personal data and the desired loan amount. and often online. This website mainly shows providers who are strong on the online market and therefore value speed and ease of use.
By borrowing money advantageously we mean a loan in which the monthly or annual costs are lower than average. This means that the interest rate that one has to pay annually in relation to other providers is lower. In addition, additional costs such as a death risk insurance (= insurance that one has to take out on one’s own life and possibly on the life of the partner as cover for the payment of the loan amount) must also be lower than average before we can speak of beneficial borrow money. Certainly if one considers that for a loan amount of approximately € 50,000 there can be annual life insurance costs between € 350 and € 1000, it is an important part of the total costs item.
By borrowing money easily we can in fact mean that one can take out a desired loan without having to deal with a lot of administrative hassle or that there are many restrictions or additional requirements. Of course, the extent to which something goes easy or difficult in terms of obtaining a loan is closely related to your personal situation and the amount of the loan. For example, if you are unemployed, have a negative BKR code and you want to borrow € 100,000, then this will be much more difficult than borrowing an amount of € 7,500 while you have no other debts and a good job. The extent to which a loan can be provided advantageously also depends on the personal situation. If your risk profile is higher, then the interest rate and any additional conditions will also be higher than with a standard risk profile or a low risk profile.
Is it easy to borrow money?
This implies in fact that borrowing money easily does not always have to be equivalent to borrowing money cheaply. It is true that by allowing people to compare offers online, they also get a better overview of the differences between online providers. This means that the principle of easy money borrowing coincides with cheap money borrowing. In any case, we advise everyone not to go over one night and always limit the loan amount to the desired minimum. After all, the golden rule applies … everything you borrow costs money and you ultimately have to pay back everything.