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Borrowing money is slightly more expensive and competition continues to fall

 

Again, two lenders raise interest rates. This makes borrowing money more expensive and the competition continues to fall. Bad news for the consumer.

Borrowing money has become more expensive

Borrowing money has become more expensive

In July, two lenders again raised their interest rates. Good Finance, borrowing money has become more expensive this month. For Good Finance it is the second time this year that the rates are going up.

This means that the trend break that we noted earlier is continuing. For a long time, the trend for borrowing rates was falling. Since this year, interest rates for consumer loans have risen again.

 

Competition between lenders continues to decline

Competition between lenders continues to decline

These interest rate increases not only make borrowing money more expensive, competition between lenders is also declining.

  • For the personal loan, the difference between numbers 1 and 2 has risen to 0.4%. With this popular form of borrowing, ‘interest-frontrunner’ FREO has little to fear from the Good Finance contender.
  • With a revolving credit of € 10,000, Good Finance must now also tolerate FREO above itself. The lender is still in the lead with a revolving credit of € 25,000.

Tip: if you are not yet taking advantage of the low interest rate with his or her current loan (s), you can transfer it.

Striking interest rate development when borrowing money

Striking interest rate development when borrowing money

It is striking that borrowing money becomes more expensive. The European Central Bank has announced new measures to make borrowing cheaper. Banks can get cheap money to borrow. This should boost spending (and therefore the economy) in the Eurozone.

With mortgages, we see that the interest rate follows the policy of the ECB. The mortgage interest is low and continues to fall. The competition between banks has also intensified this month.

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Christmas Loan

Who wouldn’t know? Before Christmas, there is simply no money, which has long been a disaster for many families. For what to buy gifts now, especially if you have a branch relative? There is no other solution than a Christmas loan .

And do not worry, it is not disadvantageous, quite the contrary. The repayment schedule is nothing that you cannot move. Postponing the due date is now quite a common thing, so if you do not have a big paycheck in January, you will have it in February, nothing will surely happen.

 

Happy Christmas holidays not only for children

Happy Christmas holidays not only for children

When you say a Christmas loan , many will surely get their hair up in horror on their heads. But this is not necessary at all! Just think well in advance and know how you will repay, then everything is in perfect order and nothing can be reproached, at least formally.

This solution is suitable even if it is already on the 20th of December, you are still waiting for a payout, the bonuses will not be this year and you would like to buy something nice to your loved ones. Just for how nice they were to you all year long.

You can rest assured that the non-banking solution is fast and at the latest on December 21st, three days before Christmas Eve, you can go to the store and simply buy the desired thing. Nothing complicated, is it?

What do you need for this loan? It basically depends on how much you want to borrow. If it will be a classic micro-credit, ie a matter of up to five thousand crowns inclusive, count among others on the following.

  • Identity card, respectively. his number. Unfortunately, without it, you really do not move, it is necessary to identify the applicant.
  • Permanent residence in the Czech Republic, at least a mobile phone with the Internet, a bank account in your name (not the spouse you have the right to dispose of, this is not enough).
  • Think carefully about everything. Choose the ideal provider, the one you have information about and who offers a profitable loan. And then – just a few mouse clicks and you’re done!

 

Try Goodhand, for example

christmas loan

Don’t be afraid to bet for sure! Goodhand stands for professionalism , speed and totally transparent action. Just a Christmas loan as it should be! A Czech company that has a tradition and a great financial background. Possibility of the first free loan for new clients, which is a sin not to use.

Responsible lending of money, fast payout to the account (often literally in minutes), but also helpful approach to the client. Individuals are envisaged, everyone will want to solve their loan for anything a little differently, but Goodhand is well prepared for that. Without paperwork and filling in endless forms!

This is commonplace today, for who would like to bother with the long writing of papers on a stone branch?