Loans have never been so cheap it is particularly advantageous to take out a loan

In the aftermath of Batibouw and the Motor Show, it is particularly advantageous to take out a loan. Though some players not only put the knife in the car and renovation loans.

Last month, the Motor Show heralded an unprecedented competition between lenders. One Best Bank after another announced a substantial interest rate cut. Finally, just like previous years, Best bank came up with the cheapest rate for a car loan: 0.65 percent.

The Motor Show has closed its doors in the meantime, but the majority of him still use the rates they launched at that time. Although the promotional period is almost coming to an end. At Best bank, for example, the promotion runs until March 31.

Cheaper renovation loans

Cheaper renovation loans

During the Batibouw construction fair, a number of financial players lowered the price tag for a renovation loan or a green loan. Anyone who wants to take out an ordinary renovation loan is the cheapest off at Belfius. The great Best Bank is currently working out with an interest rate of 2.50 percent.

Crelan has the cheapest green loan. Anyone doing an energy-efficient renovation will receive an interest rate of 1.39 percent from the Best Bank. It is not clear whether this is a temporary promotion. With the recent cuts, more and more him is succeeding in achieving Bart Tommelein, Flemish Minister for Energy, his goal: energy loans at 2 percent or lower. Currently, ten players apply a rate that is lower than 2 percent for a green loan.

Unprecedented reduction in personal loan

Unprecedented reduction in personal loan

It is no surprise that him reduces the rates for a car loan and a renovation loan during an event. Although there are certain lenders who unexpectedly come out of the corner. One of those players is Buy Way. This lender has this week reduced the interest on a personal loan from 5.79 to 0.85 percent. That is an unprecedented reduction on such a loan. Although there are some conditions attached to the cheap rate. The interest only applies to loans with a maximum term of 48 months. In addition, the borrower may not exceed 25,000 euros. Moreover, the promotion only runs until 31 March.

Borrowing also costs money

Borrowing also costs money

Despite the recent interest rate cuts, we advise our readers not to take out a loan blindly. Such Best Bank products, no matter how low the price tag, are always accompanied by monthly costs. That is why it is only advisable to take out a loan if you can use the money for the purchase of a car at the moment.

Those who cannot pay off their loans will be placed on the blacklist of the Central Credit Register to individuals. The lenders must consult that list before they grant a loan to someone.

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