Borrowing cheap money is what everyone wants.

And it is possible, but for that all requirements and conditions must be carefully considered. You can quickly take out a loan, provided that everything has been properly considered. This may make it possible to buy that one beautiful, expensive product for which you have been saving for a long time faster than planned, such as a car, boat or perhaps the further decoration of your home. On this page you can find information about what you can borrow cheaply and from which providers you can borrow as cheaply as possible.

The Interest

A loan costs more than the amount you have borrowed in almost all cases. Suppose you borrow $ 5000, this could mean that you have to pay back a total of $ 6000 over time. The € 1,000 extra consists of closing costs, administration costs, interest and the risk that this party has had.

Interest is an important factor in the loan. Borrowing cheap money mainly depends on the last possible percentage of interest that you have to pay. How high the interest is, and how cheaply you can borrow money, depends on several factors: the term of the loan, the total amount of the loan and the circumstances of the borrower.

The safer it is for the bank to borrow money, the less interest you have to pay. So you can calculate yourself to borrow money cheaply.

Borrowing cheaply means lower monthly costs

Borrowing money, which mainly involves larger amounts, is cheaper as the length of the repayment period increases. The longer the term, the lower the interest will be. You pay a part of the amount every month, and the longer the term, the lower the repayment per month will be. In this way, it is an option to make it possible to borrow money cheaply, without ultimately paying the 'main price'.

The providers

There are some well-known providers of cheap loans. The Intrasavings Bank.nl site, for example, is a well-known provider. This site offers all kinds of options for borrowing cheap money: Taking out a cheap loan with reasonably low interest The site Lender Bank.nl is also a provider of cheap loans. With the calculation module on the site you can immediately see how much you can borrow and how cheaply you can borrow money.

The cheapest loans

As a rule of thumb for the interest to be paid: the smaller the risk provider of the loan, the cheaper the loan will be for you. If the bank or another lender has certainty that it will ever be able to get the amount back if you fail to meet your obligations - for example, by having your home as collateral - borrowing cheap money is very possible.

Comparison sites

We compare all, or almost all, small loans that are currently being offered. This mainly concerns mini-loans. This site compares by comparing all interest rates of the different providers. With the overview of this site it is possible to see which loan is the best and which is cheap, and which loan can be chosen best to borrow as cheaply as possible.

Borrow cheap money at a low interest rate.

A huge number of lenders nowadays advertise with low interest rates. The interest is then, for example, 2% lower than at a bank. However, providers often 'forget' to state that the stated interest is an action interest. In many cases, this starting interest applies for only one or two months, after which you pay a higher interest. In reality, it does not always have to be cheap to borrow 'cheaply'.

This is why you should pay close attention to a number of things. The monthly repayment and term is one of them. A low interest rate with a longer term does not necessarily have to be more advantageous than a higher interest rate with a shorter term. A low interest rate may be attractive, but do not forget to compare it to the term of the loan. In many cases, cheap loans also include (extra) insurance as part of the loan. In most cases it concerns a so-called term life insurance. You pay extra for this insurance on top of the interest on the loan. With many cheap loans, such extra insurance can be considered mandatory.

As mentioned, many loan providers advertise low interest rates. In many cases it turns out to be only an action interest rate that later turns out to be a variable interest rate, so that after a while you will pay a higher interest rate than was advertised. Many lenders also advertise a special offer, or rather; decoys.

For example, you can receive free gifts, such as a camera or coffee maker, which later turn out not to be free at all. A lender can recoup the gift by charging a higher interest, closing fee, or term life coverage for the loan.

Nowadays you can borrow money cheaply through the mini credit or the mini loan. You then borrow an amount under € 1,000, which you must repay within a month. This is especially useful when you need a small amount within a short period of time and have the money to pay it back quickly. However, a mini-credit does not have to be cheaper as advertised. If you do not pay back within the term, you may pay a high fine or the interest may be quite high.

For your own safety, your payment history will be checked at the BKR. All credits between € 500 and € 12,500 with a minimum term of three months are registered with the BKR. Certain mobile subscriptions are also registered. When you have payment arrears, you will receive a negative BKR listing. It then becomes more difficult to apply for a new loan, to protect you from falling further into debt. Lenders of the cheapest personal loans often do not do a BKR check. This means you are not protected against yourself and you therefore run the risk of falling deep into debt.