You have a personal loan ongoing? You have been offered a lower interest rate, or you would like to request an interest rate reduction? How does it work? What should you do? Check out our article!
When you bowwor money with a personal loan, your credit will always involvles an interest rate, generally of 5.9% to 14.5%. This loan interest rate will vary depending on your situation and the financial institution you are dealing with. An interest rate reductions consists of:
Your bank will rarely offer an interest rate reduction. If it is possible to ask for such a reduction, you the chances are rather small. For that reason, the best solution is to ask to a loan broker like, for example, CreditLoan (at this link). The broker will study your case and, with its experience, will try to:
The immediate benefit is of course financial. With a lower interest rate, your monthly repayment bills will immediately decrease. However, you must remain aware that each request made can be registered at the ZEK. Thus, too many declined demands could lead to a bad credit history. For this reason above all, it is important to contact a trusted company for any interest rate decrease request.