How to find a cheap personal loan?
You want to finance a project (purchase of a car, travel, development of your home, ...)? For this you can take out a personal loan. But what elements to take into account to negotiate one that is not too expensive? Editus.lu gives you some tips!
Ask yourself the right questions
Before going to a bank or credit company, it is important that you define your project, and that you estimate the amount you need.
Also estimate the maximum amount you have each month to repay your credit, as well as how long it should take.
Compare
Online, you can easily obtain clear proposals via a credit comparison tool . The latter will take into account the lending institutions: traditional banks, online banks , and credit institutions.
Before signing your contract, take the time to compare the different proposals.
Also go through the borrowing conditions.
What to negotiate?
With the contact person who will manage your file, you can try to negotiate:
- The interest rate
- The insurance
- Application fee
- The repayment terms