The reporting on interest rates is a constantly recurring topic of news in the financial world. Interest rate rise, interest rate fall, another rise. The interest rates of consumer credit fluctuate strongly compared to the gradual and predictable increases and decreases in 2016. The market interest rate this year is not predictable; the changes follow each other briefly. We do not include savings interest rates because this should be income for you, as opposed to interest on mortgage and interest. (Savings interest rates are no longer subject to increases and provide you with almost nothing. The interest rate for a savings account has fallen to a low point and threatens to fall further to a negative rate.)
The interest on a loan must be fixed at the moment that the interest is low. Have you ever taken out a payday loan and is your interest rate higher than the current rate? Then it pays to take out the loan now. Both for one and more loans. Transferring a loan is free of charge. If you ever doubted when the right time was to fix the interest on your loan … this is the right time. The interest rate is historically low.
Do you not yet have a loan but are you about to take out a consumer credit? This is a great entry point. Now that the interest rate is so low, the corresponding monthly charges are also low. Certainly if you opt for a payday loan, which is characterized by a fixed interest rate.
With a payday loan you fix the interest. If you take out a revolving credit, you will follow the interest rate fluctuations. With a payday loan with a term up to and including 10 years, you benefit from the fixed low interest rate of 4.1%.
You can be debt-free earlier if you repay your payday loan in the meantime. No costs are charged for this to compensate for the calculated interest income. Nowadays you can reduce the loan amount without penalty so that the loan is fully repaid earlier.
Request a payday loan with a term up to 10 years via our application form and your interest will be fixed for the low rate of 4.1%.