Before you borrow money it is important that you know all types of loans. When you know and understand all types of loans, you can make the best choices for your own loan. Each loan has several advantages and disadvantages, so it is wise to compare all loans with your own situation. Then you can choose a loan that suits you best.
Overview of some types of loans:
We have made an overview of the most common types of loans for you.
The revolving credit is often taken out by people who want some money. This can be useful, for example, when they have to pay different things over the long term.
The personal loan together with the revolving credit is one of the most important types of loans. This type of loan is often taken out when a purchase with a large amount is made, for example a car.
The interest credit is a type of revolving credit. With the interest credit, no repayment is paid but only the interest. This can be a big advantage for people who want low monthly payments and can pay more later
The mini loan is a special type of loan. A mini loan comes under different conditions than other loans. A mini loan can be up to a maximum of 750 euros and there is no need for BKR testing. This can be an advantage for many people. A disadvantage is the relatively high interest rate associated with a small loan.
In addition to these types of loans, you can also choose from a WOZ credit, savings credit, bridging credit or an annual loan.
Choice of loans
So there are many types of loans, so it is very important that you are properly advised when choosing a loan. Even when you proceed to borrow money quickly, you must not make a hasty decision. With the right choice for a loan, you can benefit greatly from this in the future.