Compare interest from revolving creditOn May 9, 2019 by Betty Quinn
Compare interest from revolving credit to see if you are paying too much interest on your current credit (s). If you have taken out a loan with a bank while ago, you are probably paying a high interest rate that you can bring down considerably if you take out this loan.
What does the current interest rate on loans and revolving credit in particular do and compare how you can save with the handy switching service that is offered. With this so-called transfer service you will be relieved of all work. Previous loans are merged and revised as one new loan. The old credits are also repaid and canceled without having to go after it yourself. After all, convenience serves people.
Compare interest from revolving credit
The current lowest interest rate of a revolving credit is 4.5% on an annual basis. If you are currently paying more interest, it is certainly worthwhile to do the saving test, with the current low interest rate it is quickly cost-effective to transfer your loan. I am close. You can save you, maybe hundreds of euros per month with this. Read below which provider is currently charging an interest for the revolving credit of 4.5%.
What do you pay in interest?
In the overview below you can see what banks charge interest for a revolving credit these days, this is a current overview, so it may well be that the interest you now pay at the same bank is a lot higher. Interest rates have fallen sharply in recent times and this naturally also has an effect on interest rates for loans.
You see that with the current low interest rate of 4.5% for the lowest revolving credit, a lot can be saved. If you make use of this, there is also the handy transfer service, this means that your old loan will be repaid so that you no longer have to worry about it.
When will I benefit from a loan refinancing
If you decide to take over your expensive loan, you will benefit from lower costs from the first month because your interest rate will go down. There are loans such as the interest credit where you only pay the interest per month, here the biggest advantage can be earned because you immediately feel this in your wallet in a positive way. You can also choose to keep your monthly amount the same, so that you can pay off much faster than before.
How can I reschedule my revolving credit
On Good Finance, a special page with options has been created that clearly shows which lender currently has a low interest rate. You can request a free quote and see what your benefit will be if you are going to reschedule your current expensive loan. You can then always decide later whether or not to use the quotation.
Finally, you can also take a look at the website of the nibud for guidance, where you will also find a lot of information about comparing interest on revolving credit.