Just cut costs: This makes your loan cheaper

class=”sc-29f61514-0 dXbCZE”>

Even though it sounds strange: a new loan often has huge savings potential. Because what many people do not know is that your credit score increases and the loan interest decreases every month you pay your loan. So, if you pay your installments regularly, you can often refinance with more favorable terms and save money each month.

Zurich company LEND specializes in replacing existing loans with better ones. This is true for personal loans, business loans, and even mortgages.

This is how loan repayment works

1. Submit a loan application via Lend.ch and upload, in addition to the required documents, the old loan agreement and proof of payment for the monthly installment.
2. The LEND team is in contact with a lower interest rate offer.
3. The old loan is replaced with better conditions – LEND takes over the processing of the old loan.

By the way: Thanks to the regulations in the Consumer Credit Law, early payment of the old loan is possible at any time, free of charge. Only a few providers charge a small fee for processing.

Low interest rates not only when repaying the loan

Even those who do not yet have a loan can benefit from low interest rates in a rising interest rate environment. It’s useful to make a comparison here: While some banks now charge interest rates of over 9 percent, you can easily apply for a loan with interest rates starting from 4.5 percent, for example, through Lend.ch with just a few clicks.

Especially for large loan amounts, a few percentage points of interest add up to a very large amount and you can easily avoid these additional costs.

Lending is prohibited if it leads to excessive indebtedness of the consumer (Article 3 Para. 1 lit. n UWG).

Source : Blick