Borrowing from a current loan is not excluded today. Numerous banks and savings banks in the direct local environment, as well as online and direct banks on the Internet, now make it possible for borrowers to apply for a loan with an existing loan liability. If you want to take out another loan despite an existing loan, you should make use of the debt restructuring option.
Debt restructuring allows several loans to be combined into one loan and a much better overview can be achieved. Debt restructuring always makes sense if a loan is needed and a provider can convince with much better terms than the previous loan providers.
Finding a loan in spite of a current loan that is convincing with attractive terms is possible today, especially with the numerous online and direct banks on the Internet, the providers on the Internet are able to take out a loan thanks to the absence of a fixed branch system and the lower personnel costs to offer at significantly better conditions. A loan defies current credit or realizes a debt rescheduling only if it is a special loan for debt rescheduling or if it is a credit product that is offered for free use.
Taking out a loan in spite of a current loan – This has to be considered
If you want to redeem a loan, you often have to expect a one-off payment when the loan is redeemed, but some banks today also offer a free loan redemption or rescheduling. In order for a new loan to be worthwhile at all, the loan should definitely offer a low interest rate.
It is all the more important to compare several loan offers on the Internet. When comparing, borrowers should choose the effective interest rate as the basis for comparison. The effective interest rate is variable and, in contrast to the adjusted borrowing rate, depends on the borrower’s requirements for the loan.
Anyone who wants to call up a loan on good terms despite a current loan should not handle the loan comparison with a loan calculator.
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