We at Fet Credit Financier regularly come into contact with people who have taken out all kinds of small loans elsewhere. Some of these people get into trouble because they no longer have an overview. As a result, they for example forget to repay a certain loan or they pay so much interest that it is not possible to live a normal life in addition. Perhaps you too have to pay off several (small) loans at the moment and could use our help with that? Not that we just take on all debts for you. That would be too good to be true of course. But through us it is possible to combine all your small loans into one new and well- arranged loan ! The benefit for you? You have overview and much lower monthly payments!
What are the benefits of merging?
Do you have two small loans with the bank? For example, are you in red on your checking account and have you taken out a small revolving credit elsewhere? Then you can merge these two loans into one larger loan. This is cost-effective in most cases. Typically, lenders charge a higher loan rate for smaller loans than for larger loans. The big advantage of combining small loans is that you can save a lot of money with it! Another advantage is that you have more overview in your administration. Sometimes it is possible that you incur more costs than is desirable because you combine loans. Read more about that in the section below.
Extra costs that you incur when merging
With certain loans, such as the personal loan, you must check to what extent you incur certain costs if you pay them off in one with a new loan. With the personal loan, it is the case that you cannot repay it without penalty and / or faster. Calculate the amount of this fine and deduct this amount from the money saving that the merging of loans yields.
Bundling loans with variable interest
The law provides that, with loans with variable interest rates, lenders may never charge extra costs if the consumer wants to merge this credit with another loan. In that case, the credit must be repaid quickly. For example, you can always repay a revolving credit, credit on a payment account (this is the possibility of being in the bank’s account) or dispatch house credit free of charge and faster.
The Home Financier helps you to merge!
On the website of Fet Credit Financier you can easily submit an application for merging several loans into one loan. Ask? Then always contact one of our loan advisors without obligation. Merging loans into one well-arranged loan? The Home Financier is happy to help you!