Borrowing money is getting cheaper again. You can borrow money cheaper since February 1, 2016. This is because Nufam is increasingly competing with other banks. At this moment you can already borrow money from Nufam starting at 4.4%. The interest rate on consumer credit has certainly not been that low. More information at http://hottoast.org
Borrow cheaper money under strict conditions
Borrowing cheaper money is not for everyone. The standards for taking out the cheapest loan are high. For example, consumers with a rental home pay a much higher interest rate than people with an owner-occupied home. Borrowing money cheaper is therefore better possible for people with an owner-occupied home (despite the lowered house prices) than for people with a rental home. And there are many more rules that you must comply with in order to be able to take out an advantageous loan.
Borrow money for other options
In addition to Nufam, there are of course more providers where cheaper money borrowing is possible. You can look for a broker such as Credit Competitor or Credit Spotter. Or you can find your salvation with a direct writer such as Mio. Even at Mio you can borrow money at a low interest rate. The big difference is that they also do not make a distinction in the interest rates for people with a rental home or a house for sale. Residents do not receive higher interest rates at Mio either. While this is the case with many other providers.
Borrow money cheaper and BKR
This remains a major challenge. Borrowing money without BKR testing within 10 minutes has still not become easier. In recent months, there has been a small difference in the maximum loan amount in the form of a mini loan. This amount has been increased from € 800 to € 1,000. But unfortunately the guidelines have not become more flexible.
Regarding prices for borrowing money without BKR testing, there is unfortunately no positive news to report. The only commercial solution for borrowing money without BKR is still borrowing the money in the form of a mini loan. And that is not really immediately beneficial.