Consumer loans are being raised for small and large everyday purchases, such as renovations, vacations, as well as combining loans and hobbies. Unsecured consumer credit is gaining in popularity as a financing option, its absolute advantages are the speed of processing and the fact that you do not naturally need collateral.
Different uses of consumer credit
Did you know that consumer credit is a great way to finance a wedding, for example, and to buy a car? We have put together an information pack on what you can do for your consumer credit!
Do you pay off your loans, consumer loans or credit card debt in more places? Repaying more loans and credit card debts can be laborious, and the total cost involved can be difficult to discern. With a compound loan, you save on the cost of the loan by paying off just a cheaper loan and leaving you with more money due to lower interest rates and lower monthly costs, such as service charges. Other benefits of the consolidation loan include, among other things, the flexibility of the payment plan and the clarity of the management of one’s own finances.
Home, cottage or investment
Do you need a new look for the surfaces of your apartment? Has the bathroom technically come to an end? Remodeling will further increase your comfort. A home loan can be used to renovate a home, investment or vacation home when you are a homeowner. With consumer credit, you finance both material purchases and labor, which you can deduct for tax purposes as a household deduction when renting a second home or home.
Buying a car
For many, car is a prerequisite, for example, due to long distances or moving work, not forgetting its everyday impact. An unsecured car loan is an easy and quick way to finance a car purchase; you can register the ownership of the car directly to yourself and you do not need to use the car or any other property as collateral for the loan. You can use a car loan for a car purchased from a car dealership or from an individual. You are also likely to have a stronger position in price negotiations, as you are in a position of a cash buyer as an unsecured loan taker.
Purchase of second homes
Do you dream of your own cabin? Has your dream holiday home finally arrived and you want to act fast? Consumer credit is also a worthwhile alternative to a home loan! An unsecured cottage loan is suitable for buying a second home when the required loan amount is up to USD 50,000 and you need it quickly.
Purchase of land or real estate
Have you found your dream destination but financial issues still to be considered? An unsecured loan to finance a plot or property is a quick way to get to your dream destination, as the loan will be paid into your account at its best on the same day! So you don’t have to wait for the collateral or other time-consuming paperwork to finish.
Short-term financing needs of business
Unsecured consumer credit can also be a solution to a business’s need for short-term capital. With a corporate loan, you save on arranging collateral and get access to the loan quickly. You can apply for a loan alone and with your spouse or partner for example, where the interest rate is likely to be lower than applying for a loan alone.
Hobbies such as boating or motorcycling
Are you already dreaming of a motorcycle trip or a relaxing boat trip next summer? Motorcycles and boats can be cheaper off-season, which is definitely a good time to take advantage of. An unsecured boat or motorcycle loan will be credited to your account on the same day, and the vehicle will be immediately transferred to you. If winter types are more for you, you can, of course, apply for an unsecured loan, for example, to buy a snowmobile.
Everyday purchases and sudden expenses
Did the washing machine break down? Does the car require immediate maintenance? Want to remodel your kitchen appliance or redecorate your home? With consumer credit, you can finance sudden expenses and purchases that help you streamline your everyday life in a flexible and fast way, without collateral arrangements or your own savings. If you are interested in relaxing under the sun, for example, you can finance your holiday with a consumer credit and pay it off flexibly.
Organization of Weddings
Much of the wedding cost comes from renting the wedding room, accessories and catering. Ideally, the wedding will be funded to the detriment of your own savings and relatives’ grants, but understandably this is not a feasible or attractive option for everyone. With a wedding loan, you avoid the guest list and you can choose your favorite wedding venue and offer and celebrate your dream love day!
Then why loan comparison service?
Unsecured consumer credit is thus a very versatile way of financing various expenses and purchases, as shown in the examples above. With lending companies, you can quickly get one-on-one personal loan deals from different banks and financial institutions – once you get your loan offers, it’s easy to compare them or arrange them according to different criteria.
We’ll find the best terms for you – Best Guarantee!