Like every bank, consumers bank also offers its clients financing and credit products in a variety of ways. One of these types of loans is consumers bank loan, which, as a tailor-made solution, can help to realize desires and dreams.
Customers can receive their consumers bank loan in two different ways. It is thus possible to apply for and process the consumers bank loan online if the loan amount is to cover a range of € 1,500 to € 25,000. If, on the other hand, the customer wants a larger credit line, then the bank offers consumers bank loan up to € 50,000 to its customers for free use. With this sum, however, a consultation is necessary, which can be done in one of the numerous branches of consumers bank. If the loan amount exceeds EUR 25,000 then the bank does not want to forego the personal consultation with the customer in order to counteract any risk of over-indebtedness. This approach primarily serves responsible lending and is a step towards consumer protection.
The requirements for a consumers bank loan
The consumers bank loan can be used by all employees and freelancers, who have reached the age of 18 and have a fixed regular income. Important for the receipt of the loan is also a positive credit bureau information.
The advantages of the credit of consumers bank
The consumers bank loan offers some significant advantages. Thus, the installments remain the same over the entire term and also the loan amount can be freely chosen by the customer. On the one hand, however, the loan can be used freely or, on the other hand, it can replace an already existing installment obligation. In addition, the customer can apply for credit insurance as a worry-free package that will cover the loan in the event of death or disability. However, this financial statement has no effect on lending. Another advantage of the consumers bank loan is the fixed constant installments over the entire term.
The interest rates
The annual percentage rate of charge remains constant during the entire term and depends on the loan amount, the term and the credit rating. With a repayment term of 12 months, the interest rate of the consumers bank loan is 5.99%. However, if the customer has used a credit line of € 50,000 with a term of 42 months then interest of 11.49% is estimated, in which the processing fees are already included.