Someone applies for a loan in order to be able to realize a loan goal with the loan amount. Someone then borrows money to make an investment, because they do not have the required money at the moment or do not want to spend it. With a loan, the purchase can be made now and paid off later. As the name suggests, a loan goal is the purpose why someone borrows money. People borrow money for very different reasons. Some specific goals for borrowing money are: financing a car, paying for a renovation to the house, laying out a new garden or buying a house. In addition, people can borrow money for general borrowing goals such as more spending space or because they want to have a little buffer.
How can I apply for a loan?
You can apply for a loan in many different ways. This way you can apply for a loan online . This can be either directly at the bank and / or lender, or through a financial adviser. Applying for a loan through a financial adviser has the great advantage that loans from different lenders can be compared for you. A bank or lender usually advises one of its own loans. Other ways to apply for funding are by contacting us by telephone or by making an appointment at the office with a financial adviser.
When can I apply for a loan?
Applying for a loan does not always make sense. A loan may only be taken out if the loan is responsible for you, and you can repay the loan without getting into trouble. When you apply for a loan, you need information about your income, your fixed costs, your marital status, family situation and living situation. Based on this data, a lender can calculate whether you are eligible for a loan. To test whether a loan is justified for you, a BKR test is also done. In the case of a negative bkr registration, you are in principle not eligible for a (new) loan. You can only apply for a loan if you are 18 or older.
What does it cost to apply for a loan?
Applying for a loan is usually free of charge. When you have applied for a loan, it will be assessed whether you are eligible for a loan. If you are eligible for a loan and you want to take out a loan, you can choose to also take out a credit protector. A credit protector gives extra security when paying off your loan. It is possible that the loan cannot be repaid due to an accident, illness or death. In such cases, a credit protector enters into force. Costs may be charged for advising and mediating a credit protector. At Lite lending company you can request, compare and take out a loan for free!
What does a loan cost?
Applying for a loan is therefore free of charge. However, you will have to pay for the loan yourself. Lending money is a service and costs are often charged for services. In the case of loans you pay these costs in the form of interest. In addition, you will of course also have to pay back the loan amount. In practice, this means that you pay monthly costs in the form of repayment and interest. You repay a certain amount from your loan, and pay interest on the outstanding loan.
Which loans can I apply for?
Money loans can take many different forms. There are different names for loan products, but the final loan form is almost always a revolving credit or a personal loan. These loan forms are therefore explained.
With a revolving credit you have the option to transfer to your checking account up to an agreed amount. You can choose whether you want to withdraw the entire amount (in one go) or in several phases. You only pay interest if you have withdrawn an amount that has not yet been repaid. A revolving credit is a flexible loan that gives you a lot of freedom. So you can choose what you want to record, and how much and when you pay off. A revolving credit can be extremely suitable if your borrowing target has extra spending room or a buffer behind it.
With a personal loan you receive a sum of money agreed in advance in one go. This type of loan is therefore often taken out for buying a car or carrying out a renovation. You then pay monthly costs for this loan in the form of repayment and interest. If you meet your payment obligations, the loan is repaid at the end of the term. With a personal loan it is possible to make extra repayments in the interim so that your loan is repaid earlier.
How long does a loan take?
We always advise you to take the time to apply for a loan. As described above, your information is important to be able to assess whether you are eligible for a loan and whether this loan is justified for you. We always check this data and can better help you if you provide accurate information immediately. We also use your information because you may benefit from an extra low interest rate, for example because you have your own house. As stated, your data will be checked after your application and, with your permission, a revolving credit will be made.
If you do not qualify for a loan, you will be informed. When you do qualify for a loan, you often receive an advice, proposal or offer. If you then want to make use of the advice or accept the proposal or offer, a number of documents are often still required. These documents are then checked again and submitted to the bank. If everything is correct they will then proceed to payment. Taking out a loan is therefore a process where care and responsibility go beyond speed. This is to prevent you from getting into trouble and lending only when this is justified for you.
Apply for loan tips
As you will no doubt know, borrowing money costs money. You must realize that you always repay more money for a loan than you borrowed. You must therefore ask yourself whether a loan is sensible, necessary or profitable. If you decide to want a loan, get good advice. View all conditions carefully and do not go blind for the lowest interest. Take a good look at tax options. There are a number of investments that are tax deductible, such as an improvement or refurbishment of your home. We can advise you on a loan where we take your personal situation and preferences into account.
Benefits of applying for a loan through Lite lending company
When you apply for a loan from us, we will see if you are eligible for a loan. If this is the case, we compare loans from different lenders. Hereby we take into account your personal situation and possible tax possibilities. In this way we can provide you with advice with the most favorable conditions, including a low interest rate. You do not have to pay any costs for our advice! Request a loan advice without any obligation!