When it comes to attracting new clients, banks are quite creative in their marketing efforts. Be it, that with the use of certain offers is simply added an obolus, but with a statement a supposedly urgent need of potential customers is served. A classic among all these marketing statements is “a loan as flexible as they are”. The message behind it? Maximum possible service of individual customer needs in a loan. Phrasendresche? See http://litary.net for further editorial
Granted – individuality is unique and can not be packaged into a standard. Nevertheless, there are certain basic characteristics that characterize a flexible loan in the interest of the customer. So if you are looking for a loan that is not only very cheap, but also flexible, you should pay attention to the following points in various aspects:
Point 1: Free special repayment
Special repayments are possible with every loan . However, some banks require a so-called prepayment penalty. In this case, a special repayment can save considerable amounts of money: Who uses about the sum of an average tax refund for the special repayment of a loan running for a year over 12,000 euros, can thus save 139 euros in interest.
Item 2: Free total amortization
The ability to make a free total amortization may be of interest to people who unexpectedly get large sums of money, for example through inheritance. But it is also important for another reason: anyone who can repay an existing loan at any time in full, without incurring an early repayment penalty, can also repost the loan at any time free of charge to another bank. Particularly in times of sharply lower interest rates, borrowers quickly save € 2,000 and more with rescheduling.
Point 3: Rate breaks
If there is an unplanned expenditure instead of additional revenue, a break may make sense. How meaningfully accurate, sometimes depends on which reserves are currently available. In case of doubt, the possibility of a free installment break in the loan agreement but at least spare the nerves. All the more gratifying that some banks also give their customers this opportunity.
Point 4: Rate adjustment
If the budget situation changes permanently, an installment adjustment may be offered with a current installment loan . For example, increasing the salary also increases the credit rate. As with a special repayment, the loan can repay faster and thus saved interest. On the other hand, a lower credit rate can increase financial flexibility, for example, during parental leave. The possibility of rate adjustment also offer some banks, but usually only on request.