Every one of us has a wish, but not everyone has the necessary change to fulfill their wishes. With a installment loan from banks, wishes can come true. Sometimes, however, our wishes are also a necessity, for example if the refrigerator breaks down and needs to be replaced. In this case, banks has an individual solution ready.
Installment credit – financing tool to aid expenses
The prerequisite for a installment loan is always a corresponding credit rating. A regular income must be in line with the monthly expenses, and the bottom line should be enough money every month to pay the loan installment. If that’s the case, there’s nothing standing in the way of granting a loan.
Depending on your needs, you can borrow between € 1,000 and € 75,000 and choose between one and seven years. The loan interest depends on the duration and the amount of the monthly repayment installment. For an online loan, a loan of EUR 10,000 and a term of 24 months, the effective interest rate is 6.89%. If the term changes to 72 months, the effective interest rate is 6.99%.
Your installment loan at banks is clearly structured.
As the monthly installments are always the same and you can choose a repayment-free period of up to six months and a non-remunerated month per year upon signing the contract. If you are looking online for ‘Installment Loans banks’, you will find various types of loans from fixed-price credit over the frame loan, to personal loans. Choose the right loan from among the many options that banks offers. Each individual installment loan is individually tailored to you and your financial resources and, if desired, supported by sound advice. With an installment loan from banks, you have a strong partner at your side who will let you sleep soundly.