It remains strange that Dutch people, sparingly as we are, continue to borrow money too expensive. Incidentally, it’s not just about loans. We do not change providers with other financial products either. Even if it is (much) cheaper. This appears from the monitor of financial behavior of pointer in money matters. This involved research into the willingness to switch providers if a provider could make a better offer. Incidentally, Loan competitor also had research done on this itself, this was a survey among 500 consumers. This has shown that it is also very dependent on who makes the offer. The willingness to switch is greater if the consumer already knows the brand.
The monitor showed that only 18% would refuse a financial product if a better offer was made.
This is otherwise different at the time of taking out the loan. Many comparisons are made when taking out a loan. Comparison websites are compared well, and several quotes are requested.
Chances are that the loan that has been running for a long time is no longer the cheapest loan. You must maintain cheap borrowing money. Certainly if you have a revolving credit, it is important to keep a close eye on the interest rate of your credit. The interest on your loan is variable. This means that the interest on your loan can rise and fall.
The interest rate of the provider you have chosen in the past may develop completely differently than the interest rate of other loan providers. In May of this year, for example, various providers have changed their interest rates. Two providers have raised interest rates by no less than 0.5%. While two other providers, in the same month, have lowered interest rates by 0.3%.
This shows once again that it is wise to keep checking interest rates. And also to keep an eye on the developments of the various providers.
If you have a personal loan, it is less necessary, because your interest is fixed, there is no chance of interest rate fluctuations. It is wise to pay attention to your loan if you notice that the interest on the loans is falling sharply. It could then be beneficial to take out your loan.
Knowing more? With Loan competitor you can request a loan for an affordable credit free of charge and without obligation.