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Always cheaper, the installment loan is offered and the rate is fixed at GreenStart. It is one of the most important prerequisites for the affordability of larger purchases. The higher the amount of funding, the more important it is to carefully compare the offers. For smaller sums, the saving potential is high in percentage terms, but in terms of cash, the savings are rather small. Nevertheless, no one wants to give away money by carelessness. The large and small potential savings can be used more effectively in installment loans.
The cheaper a installment loan is, the more interesting its use. Small human weaknesses, when dealing with money can even be compensated. Hardly anyone has the self-discipline to actually save the money for a new car before buying it. The installment makes it easier. Very important, especially with large loan amounts are the conditions to which the loan is awarded. The financing amount should always be seen in relation to the APR. Differences in interest rates, which make up only a few euros for a microcredit, can amount to several thousand euros for household financing.
In addition to the financing costs, interest rate security is particularly important for large installment loans. In a low-interest phase, as it is currently, fixed rates should always be agreed over the entire term. This protects you from the fluctuations in interest rates on the financial market. In the 1980s, many houses were auctioned by people who had agreed to variable interest rates. They could not afford the additional costs of higher interest rates. It is better to have an installment loan that is certainly affordable than speculating with the option of falling interest rates.
Subsidized installment loans.
Much has already been written about the 0% financing in the vehicle market. The focus should therefore be once on the small loans. The savings potential is relatively low in the financing costs of small loans, as I see it in cash. Nevertheless, a favorable installment loan should be used, if the alternative to this would be the credit line. There are two important arguments against using the system. First, it’s hard to apply self-discipline, to really bring it back. That works for almost all people. A cheap installment loan is possible as a small loan, from many department store chains and shippers, even for free. May the savings amount – seen in euros, be low, the automatic rate collection provides the necessary self-discipline in the loan repayment.
Installment loans with poorer creditworthiness.
For people who otherwise get no credit, a installment loan with slightly higher interest rates can be a cheap installment loan. Offers for these loans are available through credit intermediaries and finance portals. Another option is lending by private investors to solve financing problems. Private credit can also be a cheap installment loan.