The credit rating is assessed the cheaper you can get a loan. Make sure that the chosen loan offer is not only cheap, but actually cheap! They are usually even cheaper than modernization loans of the bank.
How much cheaper capital is on the intranet.
Do you have a Euro? In the past year, the German citizens took up EUR 102 billion in installment loans. On average, a loan amounted to 8854.60 EUR. Data from Deutsche Bank, credit bureau and the loan portal Schmava show that there were large interest rate differentials despite the low interest rate phase. According to Deutsche Bank, consumers in Germany paid an average annual percentage of 5.75%.
By contrast, those who have taken credit online have paid an average of 4.08 percent. According to credit bureau, the average installment loan volume amounts to EUR 8854.60 and has a maturity of 45.6 years. On average, it costs 996.91 EUR interest in Germany. The average installment loan business averaged € 705.81 in interest rates. This results in a price difference of 291,10 EUR (29 percent) per bond.
Is there no livelihood?
Should I overuse the depot or open a loan? Consumer loans are optically cheaper than debit interest on the account. In some cases, however, the overdraw may be cheaper. The minus amount will be reduced on receipt of the salary and will increase if you finance your maintenance throughout the year from your account.
This means that direct debits are incurred only to the extent that the depot is really in deficit. Overdraft is cheaper if the debit interest rate of the account is in the lower part of the range (“9% or less at the time of printing”); In addition, the amount of the overdraft should not exceed twice what is paid monthly to the account on a regular basis.
You should inform your house bank in advance about the planned deduction in your bank account. The new credit conditions (Basel II), which entered into force in January 2007, would allow credit institutions to apply stricter credit standards. If you rate bank credit as bad, then every loan is more expensive.
Will the bank loan in Bulgaria become cheaper in the future?
What is the situation regarding loan interest rates in Bulgaria? A number of lawsuits against credit institutions and interest rate hikes have been underway at the responsible institutions for a few months now. So far, this has meant that the federal government, the national economy and the population are on their way to declare war on credit institutions.
Through administrative measures, the interest rates can hardly be reduced – the rise and fall in interest results from the economic situation, “said Federal President Rossen Plöneliew before the media.” Even if the Bulgarians are competitive and robust, “continued Plewneliev,” ensures more openness Protection for the Citizens. “Governor of the National Bank, Ivan Iskrov, made it clear that the fixing of interest rates since June 1, 1997, is no longer a matter for the Bulgarian ECB, which, in the view of the political layer, had a duty to maintain stability to control the domestic currency.
For their part, Prime Minister Boyko Borisov and Federal Finance Minister Simeon Dyanov met representatives of the country’s banking association. Last week, the chief financier of the state proposed changes to set interest rates on real estate and consumer credit and eliminate various customer burdens. The reason for this is the dissatisfied consumer mood and the uncertainty about the price of the loan.
In order to achieve greater credit transparency, the experts of the Federal Ministry have drawn up a package of measures with three priorities. Currently, each of the banks themselves decides which method to use for interest rate determination, which often changes in the meantime, argues Diokno. It is difficult for people to handle the small change and the confusion of technical terms.
According to the ideas of Federal Finance Minister Diokno, interest rates will in future be calculated on the basis of the euro interest rate for the euro zone or the euro interest rate for the bulgarian interbank business plus the percentage share of the corresponding credit institutions. This would make it easier to compare the bank offers for the economy and the budget. Especially because such regulations already exist in most European countries, said Finance Minister Diokno.
Top bankers argued that the risk premium was higher for domestic credit institutions than for Western European credit institutions. Such measures would have the opposite effect, ie an interest rate increase of 2-3 percentage points, according to various economic experts. Introducing a mandatory index will not result in a rate cut, but will only make it transparent.
The financial analyst warns that such an approach could be costly for both banks and the public. However, they acknowledge that credit institutions are having trouble raising expensive households as well as national economies. As the Bulgarian central bank announced, 17 of all 31 financial institutions in Bulgaria had assets of more than half a billion E last year. The number of banks amounted to more than half a billion E.
Last year alone, the Belarusian banks increased their fee income with a total result of around 440 million.