Camibank, credither and CredEur Bank are currently leading the market with a € 6,000 loan.
The Camibank offers a 6000 Euro loan with a maturity of 48 months with a monthly installment starting at 136.03 Euro at an annual interest rate between 4.29 and 9.99 percent.
With credither is a 6000 euro credit for a monthly installment starting from 136.19 euro with a running time of 48 months to get an effective annual interest rate between 4.35 and 10.90 per cent.
CredEur Bank offers a 6000 Euro loan with a monthly installment of 136,32 Euro. This offer is also based on a term of 48 months. The annual percentage rate is between 4.40 and 11.95 percent.
Both at Camibank as well as at credither and the CredEur Bank is a loan request for free and also credit bureauneutral, that is, that all three financial institutions in a loan request for a 6,000 euro loan do not make a request for the assessment of the lending at the credit bureau, For potential borrowers, this is very beneficial, because it is possible to obtain various credit offers without the score value of a potential borrower changes negatively. In the end, the score value is an important decision criterion for the amount of the annual percentage rate of a loan. The specification of another borrower can significantly reduce the interest rate for a € 6,000 loan at Camibank as well as at CredEur Bank and credither, as the default risk for the respective financial institution is naturally reduced by a second borrower.
Basics, which should be considered in a loan application
For a € 6,000 loan, just as with any type of financing, the borrower should have a sufficient income, depending on the duration and amount of the loan, to be able to provide the monthly installments for the long term. If the monthly income is subject to strong fluctuations, which is often the choice of self-employed or freelancers, for example, the respective financial institution also needs collateral according to the term and the amount of the desired loan. This can be represented, for example, by a life insurance that can be mortgaged. Even repaid real estate, such as a condominium, are excellent security. It is important here that the respective financial institution makes the interest rate of a loan highly dependent on the creditworthiness of the borrower, and this ultimately means that the higher the income or the collateral the lower the interest rate of a loan.
Furthermore, a large part of the financial institutions make a credit bureau request before finalizing their lending decisions. It is therefore very important for a positive decision on a loan request to have as possible no negative entries in the credit bureau. However, if this is the case, the credit request for a loan without credit bureau can be worthwhile, although interest rates are often higher here. Even providing a guarantor or a second borrower can lead to success both in the case of a negative credit bureau information and in the case of a loan that is too high in relation to one’s own income.