The bank launches at the KSV only a “request credit terms”, not a “request credit terms”. One can accommodate the customer with the credit conditions less or more. As a rule, this also applies to companies, but exceptions are conceivable if the company already benefits from very good credit conditions. Credit is a matter of course today, even for the state.
Lenders in Germany – Who currently has good credit conditions?
The low interest rate can not be offered to their customers. This interest rate is 223.53 EUR. a monthly loan of 225 EUR. The price range is between 228,28 EUR, 229,57 EUR and 229,75 EUR. from the German Credit bank AG with 5.55% and the DSL line, the lowest middle class line or 242.60 EUR.
Acting instead of trusting
There are huge margins on loans. Loans are a matter of trust, at least from the perspective of the bank. He has to believe in a believer, otherwise he will not give anything. At first glance, that’s a good thing, because nobody wants to take frivolous loans that stimulate the debtor career. However, it would not be necessary for credit institutions to be very cautious about loans and interest rates.
Just as the clientele demands transparency, banks should also throw their cards at the conditions on the spit. They argue that credit is a very individual thing. That is, depending on maturity, creditworthiness and verifiable collateral, such as fixed income securities, the consumer may be offered fewer or more loan terms.
On the other hand, it means to the debtor that loans are not a matter of trust but of negotiation. With average credit, there are significant margins between similar providers that should be exploited for their own benefit. As is often the case, it is best to visit multiple banks and solicit quotes without specifying your personal details.
Example costs: The processing fees are between 0 and 2 percentage points of the loan contract. This results in a difference of EUR 1,000 “to have or not to have” with a balance of more than EUR 50,000. For mortgage loans, the ranges for a loan of over EUR 100,000 in our survey are between 2.4 and 5.3 per cent.
Example: The same loan, which has a variable interest rate of 2.4 percentage points, costs 4 percentage points on a two-year fixed-rate agreement.