In addition to the conditions of the financial institution, the interest rate is also based on the term and loan amount of the underlying purpose.
Low-interest loan through Bank
Interested parties receive favorable conditions in terms of real estate financing through the government-funded programs of Bank. The interest rate under the energy-efficient construction funding program is currently 3.09%. The purchase of a condominium or a house is funded through the condominium program. The effective interest rate for this is currently 3.49%.
Loan with low interest rates through private banks
Loans with low interest rates are available from Lite lender, for example. For framework loans, which represent a cheap alternative to the overdraft facility, the effective interest rate is 6.95% per year. Interest only accrues on the amount called up. If an installment loan is applied for, the effective interest rate is 5.79% annually. An amount between USD 5,000 and USD 50,000 can be claimed. The term can be chosen between 12 months and 84 months. The bank offers a car loan for people who are planning to buy a car. The borrower can borrow an amount between USD 5,000 and USD 50,000 and a term between 12 and 84 months at an effective interest rate of 5.45%. Real estate buyers can get credit with low interest rates with the home loan. With a term of 24 months to 84 months, the effective interest rate is 5.85% per annum.
Best Bank also offers loans with low interest rates. The minimum loan amount is USD 1,000. If a term between 6 months and 12 months is agreed, the effective interest rate is 4.99%. On the other hand, if the term is between 13 months and 48 months, the annual interest rate effectively increases to 5.90%. The effective interest rate is 6.39% for terms between 49 months and 72 months and 6.39% for terms up to 84 months.
In addition to an installment loan, comdirect also offers loans with low interest rates for property buyers. The installment loan is effective regardless of the applicant’s creditworthiness at a fixed interest rate of 5.90% per year. The net loan amount can be freely chosen between USD 1,000 and USD 50,000. The monthly loan rate can also be as little as USD 50. With regard to construction finance, a financing request is necessary to find out the interest rate.
Important source of information
In addition to the money houses mentioned, there are numerous other credit institutions. People who want to borrow at low interest rates should therefore consult one of the numerous comparison calculators. Because they always have the current conditions of the credit institutions ready. This means that your own research is no longer necessary, especially since interest rates change regularly. The overview shows which bank has the most favorable terms, taking into account the term and loan amount.