Month: April 2019

Need an affordable personal loan? – Apply for Mini Credit

by Thomas Lamay

Although personal loan is the old name for the installment loan or LOA, everyone knows this loan where the loan amount or loan is transferred in one go. The repayment or repayment is made, plus interest, in a number of pre-agreed installments. This form of personal credit can be requested for a renovation or renovation of your home, buying a car (car loan or car financing), financing a dream trip, organizing a grand wedding party and why not for a shopping trip with everything on it and to it.

Need a personal loan?

Need a personal loan?

Use the easy online simulators to calculate the repayment of your loan. Borrowing money for financing a dream trip, paying for a car (car loan), carrying out a renovation or renovation of your home, planning an exquisite wedding party or even for a nice shopping trip, was never that easy.

Installment loan

Installment loan

The installment loan is better known to most people under the old name "personal loan". For short-term and medium-term financing, this loan is the credit form par excellence. An obvious advantage is that you quickly have the necessary money. You repay the borrowed amount in fixed monthly installments, plus interest that has been agreed in advance and has been fixed.
The term of the installment loan depends, among other things, on the amount borrowed and there is also a minimum amount.

LOA as a car loan

LOA as a car loan

A car loan is considered as a form of an installment loan . You can take them to finance the purchase of a new or used vehicle. Note that the interest for this loan is significantly lower than for a regular loan.

For which vehicles intended? Cars are of course the most important object of a car loan. But the purchase of a motorcycle, quad or a mobile home can also be financed in this way. You then pay a fixed amount each month. The loan amount determines the maximum duration of this loan. The entire purchase price of the vehicle can be financed, but you decide to finance only a part of your choice. A comfort formula with lower monthly repayments is also possible here.

Your savings will remain intact

Your savings will remain intact

You will receive the necessary money without having to use your savings. You will receive the desired amount in your account, keeping the formalities to a minimum. The purchase of a car, a computer, a salon and much more can be financed through an installment loan. Taking out a debt balance insurance is an additional option.

Interest and costs

Interest and costs

Extra costs are normally not charged when taking out a personal loan. On the one hand, the interest is lower than that of a revolving credit (credit card), but on the other hand it is higher than the calculation for a mortgage loan.