Do you need a few hundred euros quickly? With many lenders it is possible to get the money in your account within a few days. Less requirements are often imposed on privately borrowing a small amount than if you want to borrow a high amount. Logical, because a lender wants to know if you can repay it with a high amount. With a small credit it is also important that the amount is repaid, but people look a little less strict. With low loans you have to take into account a high interest rate. Do you have a negative BKR, because you have not repaid a loan on time in the past or because your account was red? Despite your negative BKR, you may be eligible for a loan with some lenders.
Borrow high amount
Comparing the various lenders is not only important for a small amount. This also applies to borrowing a high amount. You do not want to pay too much interest. Borrowing a high amount with a negative BKR is difficult. Few lenders can be found that offer opportunities to borrow money with a negative BKR. This is only possible with small amounts.
Borrow money cheaply
Borrowing money, costs money. By comparing the various lenders well with each other, you can borrow relatively cheaply and you are slightly cheaper in terms of interest. But, of course, borrowing is not free. You will always have to pay interest and you must always repay the loan amount. For this reason you can also borrow from a well-known money when borrowing from private individuals. Maybe you can borrow money from a family member and agree that you do not pay interest. You have to be careful, because money is dangerous and if you don’t make clear agreements it can lead to arguments. If you cannot borrow money from a lender, you can turn to a relative.
Tips for borrowing money privately
The low interest rate makes borrowing money interesting again. Not only the mortgage interest has been at one of the lowest levels ever for some time, the rates of a personal credit are also relatively low. Although the interest rates are low, it is still worth comparing the different lenders. The differences still mean that you can still save a considerable amount when borrowing money privately.
The personal loan and the so-called revolving credit are preferred by many consumers if they want to borrow money. The personal loan has the important advantage that you as a borrower know in advance how large the amount is and that the period over which interest must be paid is fixed. Anyone who enters a low interest rate, as is currently the case, can benefit from it throughout the entire period or term. A personal loan is therefore not really attractive with a higher interest rate. In addition, you also have to deal with another disadvantage. Some lenders require a fine if you want to pay off the loan early.
A revolving credit is another option. You can choose this if you do not know exactly how much money you need. For example, renovating a home. With a number of lenders, a revolving credit is hardly more expensive than a personal loan. For this reason it can be interesting to compare the various providers well.
Online you can easily compare all providers and this makes it possible to quickly find a suitable lender. Always read the conditions carefully, because of course you don’t want to be confronted with unexpectedly high costs later on. You can always visit a consultant for advice. He or she can provide you with all kinds of advice, so that you ultimately choose the best option. Especially when borrowing higher amounts, it may be advisable to seek advice.
Borrow money from someone you know
You can also visit a family member or friend when it comes to borrowing private money. The advantage is that you can make more flexible agreements, but nevertheless it is advisable to make clear agreements. You do not want misunderstandings about the amount to be reimbursed or even a fight. When it comes to money, many people show their true nature and that can sometimes have unpleasant consequences.