Many people with financing want to refinance and borrow their too expensive loan. In this article I explain what loan refinancing is and why it can be attractive. I also explain whether it is possible to borrow from a loan transfer. In addition, I explain how Lite lending company can help with a loan transfer and additional loan.
Refinancing and borrowing too expensive loan
When you have an existing loan taken over by another lender, we call this retransmission. Many people with a loan never look back after they take out the loan, to see if there are alternative lenders. This is a shame. It often happens that (many) costs can be saved on a current loan!
The interest on new loans is currently very low. It is therefore quite possible that new loans offer a much lower interest rate than the loan that you currently have. In this case it is very interesting to take out your loan. The outstanding loan amount is then placed with a new lender with a lower interest rate. As a result, you pay less for your loan, and you benefit from better terms and conditions. Transferring a loan can be a very simple way to save up to hundreds of euros per year on your fixed costs!
A question that consumers with a loan often ask us is: Can I refinance and borrow my loan? The possibility to take out a loan has been discussed above. Whether it is possible to borrow a loan depends strongly on the personal situation. First of all, it is important that you have properly paid your loan so far and therefore do not have a negative BKR registration . With a negative BKR registration, the chance that lenders approve a loan is very small.
To assess whether you are eligible for a loan, or in this case a loan, a complex calculation is made. This calculation focuses primarily on your income and expenses in order to find out whether a loan is justified for you. If you are able to take out your loan to save your costs, your expenses will decrease. In theory, the chance that you can borrow is greater. This is the reason that refinancing and borrowing loans are often mentioned in the same breath.
Again, it is very important to realize that the ability to borrow is dependent on very many personal factors. If you want to refinance and borrow your loan, it is advisable to always contact a financial adviser. We have a lot of experience with rescheduling loans and can advise you on this without obligation and free of charge!
Re-lending existing loan
Are you interested in transferring and borrowing your existing loan? Then you are at the right place at Lite lending company ! We have a lot of experience with transferring loans. If you make a request with us without obligation, we will get to work for you. We then compare your existing loan (s) with the conditions and interest rates of other lenders. If it turns out that you already have the best conditions and the most favorable interest rate, we will let you know. You will then know that for the time being you do not have to look at your loan!
Should it be that we can place your loan cheaper elsewhere, we will let you know, without obligation, about this. You can then decide for yourself whether you want to let your loan run or if you would like to save on your loan by taking over this loan. With your application you can indicate yourself whether or not you want to borrow, we will include this in our advice. So request rescheduling advice directly via the button below or contact us by telephone!