Borrow money? Then you have come to the right place. If you are going to borrow, you naturally want to borrow familiar money. With a reliable party, where you can get the lowest interest rate in the Netherlands, on excellent terms. If you are going to borrow money from Loan Competitor, you decide how, 100% online.
Borrow money without advice
With us you can borrow money online without advice, this is called ‘execution only’. This form of service is only suitable for consumers who have sufficient knowledge and experience to be able to choose a financial product independently. Without personal contact and assistance from a consultant. No closing costs may be charged for broking a loan. We mediate for you completely free of charge and of course without obligation.
Thanks to our online working method and exclusive cooperation with specialized banks, our interest is a lot lower than at regular banks.
Borrow money with advice
With us you can borrow money online without advice, this is called ‘execution only’. This form of service is only suitable for consumers who have sufficient knowledge and experience to be able to choose a financial product independently. If you indicate in our application form that you do not have sufficient knowledge and experience, you can borrow money from us with advice. The advice does not cost you anything extra. This is regulated by law. No closing costs may be charged for broking a loan. The advice you receive for a loan is therefore completely free of charge, and of course without obligation. No costs are charged for this. Our advisors are happy to be of service, and we welcome you as a new customer. And once you are a customer with us, you will understand what we mean by our excellent service.
Borrow money with comfort
Because we listen to your wishes, look at your options and show you the proposals of the cooperating banks for a loan in an honest, independent and objective way, borrowing via Loan Competitor is comfortable borrowing. Taking out your online Loan is in good hands with us, we submit your applications to various banks. Making a request once can therefore result in multiple quotes. Together with you, we will review the offers we have received from the banks for you. You receive the quotation from the provider of your choice by mail or by post, exactly what you prefer. Our execution only statement is included with the quotation. So that you can take it easy at your leisure to find out which loan suits you best. Borrowing money can be fun, especially when the loan is taken out can be a good time. You can then make your dream trip, buy the car that you have always wanted, or now really start saving considerably by taking over the expensive loans. But how do you ensure that the loan stays nice? That you pay off the loan as soon as possible? In short, how can you ensure that you take out a responsible loan?
A responsible loan is a loan that does not feel a burden during the term. You must be able to repay your monthly installments each month. The loan should not be a burden. Because Loan Competitor only works with banks that apply the NVF standards, you can assume that you are taking out a responsible loan. The standards for the granting of Loan are drawn up by the NVF in consultation with Nibud and the FMA. In addition, Credietconcurrent also issues an excution only statement for the loan to be taken out. We also state the risks that you run during the term of your loan. These are the risks of a fall in income in the event of death, incapacity for work, unemployment or when you take early retirement or a pension.. Loan Competitor can also arrange insurance for you for this. But other lifetime events are of course also discussed. Are you going to work more or work less in the near future? Has the loan been paid off before retirement? If not, what is the level of your expected pension? All things that we take into account, as said, borrowing money must remain responsible borrowing money.
Can I retake my Loans?
Yes, if you already have loans, and you want to transfer them advantageously to a loan at a lower interest rate, then we would like to see what the possibilities are for this. In general, the Netherlands still borrows reasonably expensive money. Although we are a frugal and (according to the Belgians) frugal people, borrowing money is still something we do at too high a cost. Especially when it comes to borrowing money from the big banks, borrowing money with a Loan card, or borrowing money from the Cehkamp. These are loans at interest rates of often around 15%. That can of course be much cheaper.
Guidelines for borrowing money
If you are going to apply for a loan, you naturally would like this loan to be approved by the bank. Banks pay attention to a number of different issues when approving or rejecting financing applications. The guidelines for borrowing money are not easy to specify. What we can indicate is that the income and expenditure must in any case be in such a balance that there is room to provide financing. The NVF standard is taken into account here, as we indicated earlier.
This is the most important starting point for whether or not to provide a loan.
In addition, when you borrow money, your income source is carefully looked at. The more certain your income is, the greater the chance that you will be granted a loan.
For consumers with an employment contract for an indefinite period of time, the banks are more flexible than for consumers with a temporary employment contract or a temporary employment contract.
Borrow money from Loan Competitor and the Bancrupt
If you want to borrow from Credietconcurrent, you naturally also want to know what happens to this loan. Is the loan registered with the Bancrupt? Or can you also borrow from Loan Competitor without Bancrupt review and registration?
Borrowing money from Loan Competitor is always borrowing money with a Bancrupt review. The banks with which Loan Competitor cooperates do without exception a check at the Bancrupt. If we mediate a loan for you, the banks will also register this loan with the Bancrupt.
This always happens. This ensures that the banks have insight into your current obligations, and can ensure that you cannot get unlimited loans, which could cause you problems.
What does it cost to borrow money?
Borrowing money is never free. The slogan “Borrowing money costs money” is a clear slogan, and absolutely true. If you are going to borrow money, you must always pay interest on the outstanding balance on your loan. That is a known fact.
In addition, when applying for a loan, you can choose to borrow money with advice or borrow money without advice.
Borrowing money with and without advice has the same price. According to the KCW (Consumer Loan Act), one-off costs may not be charged when borrowing money.
The Loan intermediaries are already rewarded by the banks because they receive a small part of the interest that you have to pay. If you do not take advice, the mediator actually only has less work. Thanks to our online working method and exclusive cooperation with specialized banks, our interest is a lot lower than at regular banks.
Who or what determines the interest on the money borrowed?
If you are going to borrow money, not everyone gets the same interest. The interest you receive depends on your Loan score. The more points, the lower your interest. This is basically like taking out a car insurance policy. With a car insurance policy, your place of residence, the number of kilometers and the number of claim-free years are important.
A loan also looks at many different things. It matters a lot whether you have a permanent contract or a fixed-term contract. Whether you are single or married. And even whether or not you have a fixed telephone number. In addition, the Bancrupt is important. If you have never borrowed, the banks are more careful to provide you with a loan. In addition to this “Loan score”, a calculation is of course made to see whether taking out a Loan is justified for you. The NVF standards are adhered to and the acceptance criteria are applied. Borrowing money must of course be justified.