With different credit providers you will only find out the answer to ‘10000 euro loan what to pay’ when you request a quote. Now that is not so bad in itself, because a quote is free of obligation and does not oblige you to take out a loan. Yet it remains difficult that you cannot see at a glance where you can take out the cheapest loan. The fact remains that applying online at a provider other than a bank is often cheaper, so a lower interest rate. There are all kinds of comparison sites that present the best deal to you, but to what extent that is now completely independent, I have my reservations about that.
But luckily there are also providers where it is immediately clear what you have to pay in interest and repayment. The example below clearly shows the percentages that are used at the time of writing. You see that the most popular loan amount of 10,000 euros shows that you are going to pay 5.7% interest with a term of 58 months (almost 5 years) and you also see the monthly amount to be paid immediately, 200 euros. This overview applies to a revolving credit based on the assumption that you no longer withdraw anything and that the interest for the entire period remains the same. In this example, you repay 2% of the loan amount each month.
The above example represented a revolving credit, but what about a personal loan. Is the interest the same or is it different? The interest rate differs slightly with a revolving credit, to be precise it saves 0.1%. You can also see an example below with different amounts and matching interest rates. It is also striking that when you make the loan amount slightly higher, from 10,000 to 15,000, for example, this saves considerably in the interest to be paid, as much as 1.1% less with the higher amount. Does not seem much, but quite a nice amount on a monthly basis.
Take out with an intermediary
The advantage of taking out an intermediary (intermediary) is that there is a choice of several providers. In this way you can get the credit that works best for you. It is also possible that you are rejected at the first, while the next gives your approval. With an intermediary you can therefore consult where requests can be made. Often the intermediary knows where you have the best chance of approval.
Many people do not know the difference between a revolving credit and a personal loan. There are, however, significant differences, such as withdrawing money in the meantime from installments that have already been paid, so this is only possible with a revolving credit. But there is more, interest and duration fixed? Choose a personal loan, would you prefer this to be flexible with perhaps a longer duration? Choose a revolving credit. For example, there are advantages and disadvantages for multiple loans.