The helpful loan for relocation

A move is usually associated with a number of additional financial expenses. So the tenant usually has to budget a rental deposit as well as a commission for the broker. In addition, it may happen that a new kitchen must be purchased, because the old kitchen can not be installed in the new apartment. Of course, the moving company has its price, which can be considerable depending on the effort. With a loan for the move, financial bottlenecks due to a move can be bridged well.

Where do you get a loan for the move?

Where do you get a loan for the move?

In principle, the loan for moving is nothing more than an ordinary installment loan offered by all banks. The borrower can request this directly from his house bank. However, the offer of the house bank is not necessarily the cheapest. Therefore, it is worthwhile to carry out a precise credit comparison before taking up the loan.

Various Internet portals offer the possibility of comparing a large number of banks with one another using a loan calculator. Simply enter into the loan calculator the required amount and the desired term and the loan calculator lists the available offers sorted according to the most favorable interest rates. In addition, the borrower can see directly what monthly charge he has in each case and what amount he must repay in total.

What to look for in the loan for the move

What to look for in the loan for the move

An important point is, of course, the annual percentage rate. This provides information about the costs that the borrower has to pay for a loan. In the effective annual interest, the processing fees are already included in addition to the interest. In addition to the interest there are still different conditions, which should also be considered in a comparison. This is, for example, the possibility of special repayments.

The borrower should make sure that they are free at any time. It is also advantageous if a premature repayment is made possible by the bank without fees. You should also compare exactly the benefits and costs of a possible residual debt insurance. This takes over the monthly installments in case of unforeseen events such as unemployment or disability. In addition, most of the remaining debt insurance policies also include death protection to protect the surviving dependents against financial loss. However, there are a variety of exclusions and special conditions per insurance, which should be compared exactly before.

Complete the loan for a move directly online

Complete the loan for a move directly online

If you have opted for a loan offer after the comparison, the loan can be requested directly online. Simply link to the website of the selected bank and fill out the application form online. The credit agreement can then be printed directly and then only has to be sent to the bank by mail. After receiving the documents, the loan amount is then transferred to the current account of the borrower within a few days.