As is well known, borrowers not only have to repay the money borrowed from the bank themselves when they take out a loan, but also the ancillary loan costs: the main factors here are, of course, interest, but also commissions that arise when using a credit brokerage or account management fees, if it is a real estate loan. Borrowers would do well to compare the loan beforehand to save interest.
Of course, it is more convenient to take out the loan from the house bank or to take advantage of the dealer financing offered – this is perfectly fine even if the borrower does not really need to save as much as possible.
However, this does not apply to most borrowers – in addition, especially with large amounts of credit, such as those arising from mortgage loans or real estate loans, interest rates that are only slightly higher than those of the competition can enormously affect the debtor’s overall financial burden impact.
Credit comparison on the Internet
A credit comparison on the Internet is of course particularly convenient – but please make sure that the data is up-to-date and that it is an independent and reputable provider – unfortunately it happens too often that providers of credit comparisons work for a certain client and receive a commission for every successful completion.
Of course, it is also possible to make a loan comparison with the help of financial magazines such as “Astro Financet” in order to save interest – however, it must be noted that these magazines are usually only published once a month and the conditions of the banks can change quite quickly.
Who offer best financing
As a rule, the following procedure is recommended in order to save as much interest and other ancillary loan costs as possible: go to your house bank and have a non-binding offer for financing according to your ideas, i.e. in terms of term, repayment rate, loan amount, etc. Compare the conditions offered by your savings bank or bank with the conditions of the competition by means of an online loan comparison, and then decide on the variant that is cheapest for you.