Do you want to borrow 1500 euros? View all the information you need to know if you want to borrow 1500 euros. In addition, compare all online providers where you can easily apply for a loan. The interest rate is so low that saving yields almost nothing extra. At the same time, the low interest rate makes borrowing a lot more attractive. It is also possible to borrow 1500 euros with a mini loan. Moreover, we have become accustomed to the fact that when you want something, you should be able to buy it immediately. So if you see a nice second-hand car somewhere or fall through your old bank, you can choose: save for a longer period of time or borrow 1500 euros immediately.
Compare multiple loan providers
You can easily request a loan of 1500 euros from Bankate, Creditmash or Eicredit. We at small amountlenen.nl have selected these loan providers for you since you can request a free and non-binding offer here. On the basis of your data, they look at what a suitable loan is for you at a favorable interest rate. You can then determine which loan and lender suits you and your wallet best. First look at the type of loan that suits you best. A revolving credit, also called flexible credit, or a personal loan.
What is the difference between a Continuous Credit and a Personal Loan?
If you want to borrow an amount of 1500 euros you can opt for a revolving credit or a personal loan. The big difference between these loans is that a revolving credit offers more flexibility and that with a personal loan you know in advance what you are going for. An example is the interest rate. With revolving credit, there is a variable interest rate. This means that interest rates can get higher and lower. The interest rate is fixed for a personal loan. Another important difference is that with a revolving credit you can always repay and withdraw money. With a personal loan this is fixed and you must repay a fixed amount per month. Below you can find a brief and concise explanation of these loans.
Cheapest loan, lowest charges
There are numerous lenders, where borrowing 1500 euros will not be a problem. Nevertheless, it is worthwhile to first take a good look around and compare various loans and providers with each other. You are probably inclined to pay attention to the applicable interest rate. That is certainly not unwise, because the cheapest loan means the lowest costs for you. But, there are more factors that are important if you have decided to borrow 1500 euros. For example, the term used by the various lenders.
Choose a favorable duration
Even if you want to borrow a limited amount of 1500 euros, it is still smart to think carefully about the duration of your credit to be applied for. If you keep the duration as short as possible, you are less committed to it and you ultimately pay the least costs. But at the same time, a loan should not feel like a burden. That is why the amount that you have to pay off every month must be reasonably achievable. Perhaps you think you can calculate yourself, which would be a real monthly payment for you, but it doesn’t hurt to have a financial expert look at it. You can then choose a favorable duration in consultation.
Personal loan or flexible credit
There are different forms of borrowing to borrow 1500 euros. The amount is probably too high for most lenders for a mini loan or a mini credit and so you will have to choose a personal loan or a flexible credit. If you want to know in advance where you stand and want to have exactly defined when your loan was repaid and at what costs that happened, then a personal loan is a suitable solution. Do you want more flexibility, determine your repayments and your term and can you resist the temptation to keep withdrawing money up to your credit limit? Then flexible or revolving credit might suit you best.
Borrow 1500 euros according to VFN standards
Because in the not too distant past it sometimes went wrong with the amount of the credit obtained and the financial possibilities to repay the amount, it is now best to borrow 1500 euros according to VFN standards. VFN stands for Association of Finance Companies in the Netherlands. The VFN has set borrowing standards based on the minimum budgets that Nibud has drawn up for each family type. If you want to take out a responsible loan, it is best to do that at a bank or other lender that uses these VFN standards. For example via Bankate.
Risks when taking out a loan
No matter how you get used to it, you always run risks when taking out a loan. Even if you wouldn’t borrow more than 1500 euros. For example, you may be faced with varying interest rates, which may cause your monthly amount to rise suddenly. Or you may become disabled or lose your job. That is why it is good to seek expert advice about taking out a loan. Good lenders employ specialists who can give you honest and clear advice about the risks that you might face in your personal situation.
BKR registration; curse or blessing
Do you only want to borrow 1500 euros? Even then, reliable lenders will always register your loan with the BKR. The Credit Registration Office in Tiel. Some people consider this a curse, because it may be difficult to apply for a new loan or, for example, take out a mortgage, if you already have a BKR registration. Yet the purpose of the BKR registration is not to make it difficult for people, but rather to protect them. Because banks through the BKR have insight into the financial obligations of people who want to apply for a loan, they can stop irresponsible loans and thus protect you from major money problems.
If you want to borrow 1500 euros from a provider such as Bankate or, for example, Eicredit, you will have to submit a number of personal details that can provide insight into your current financial situation. You should not only think of a valid proof of identity and your marital status, but also an employment contract or a recent payslip. Only with your honest and complete data can you responsibly borrow 1500 euros.