The average interest rate on a revolving credit is variable. This means that the interest rates for a revolving credit differ per situation and depend on various factors. First, the market interest rate affects the interest rate of a revolving credit . The market interest is the interest that the lender pays on the money that he buys to lend when providing revolving credit. Second, the interest rate depends on the total amount you want to borrow. Because the fixed costs for a small loan are proportionally higher than for a large loan, the average interest rate for a revolving credit with a low amount of credit is higher than the interest rate for a revolving credit with a high amount of credit. That is why lenders work with credit tiers to determine the interest rate of a revolving credit.
In addition to the market interest rate and the amount of the revolving credit, a number of factors influence the average interest rate. For example, the lender creates a risk profile of the borrower, which includes looking at the age, the ratio between the expenses and income, the assets and any BKR payment history. The lower the risk for the lender, the lower the interest rate for the revolving credit. And when there is a house for sale for the revolving credit, a lower interest rate often applies than with a rental house. View the overview of our lowest interest rates for the current interest rate for revolving credit or request a quote without obligation.
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