Convert personal loan
Interest is now low. If you have a loan that has been running for a while, there is a good chance that the interest you pay is higher than the current one. You may refinance the loan free of charge so that you benefit from the low interest rate and therefore lower monthly costs for the remaining term of the loan.
Is the Interbank personal loan no longer connecting because, for example, you want to be able to withdraw repaid amounts again? Then switch the personal loan to a revolving credit. This loan form has a variable interest rate and you only pay that interest on the drawn balance of the loan. Of course, switching from the current loan to a new personal loan is also an option if, for example, you want to change the term and want a lower interest rate.
Transfer revolving credit
Do you have your current “old” revolving credit with Interbank and have you calculated that the current interest yields a benefit for you in terms of monthly costs? You may transfer your revolving credit to a new credit. Interbank can no longer offer 1% for its revolving credit in terms of repayment. Suppose you want to borrow € 25,000 and pay a maximum of € 250 per month. The minimum percentage at Interbank is 1.5%, so the monthly charge will be € 375.00. You can transfer your credit to a lender that offers 1%.
If you convert the credit into a personal loan, you can secure the favorable low interest rate for the remaining term of the loan. With this loan form, the term is also fixed, so you are debt-free on the end date of the loan. Nowadays, extra interim repayments on the loan can be made free of charge on both types of loan.