Finally, you have found your new apartment or house. Now all you have to do is move. You have probably already had to pay a high deposit or a brokerage fee. The money reserves are slowly being used up and you are wondering how you should pay for the actual move.
A good way to finance this move is to take out a loan for the move. You save your wallet and don’t have to do without your new apartment. If you choose a loan for your move, this is a traditional installment loan.
Do not exhaust the overdraft facility for the move
Friends or relatives may have given you the tip that you can also use your disposition loan for this. While this is correct, it is the most expensive variant of all. This is because far more interest is payable on the overdraft facility than on a conventional loan. When the move is over, you also need some financial leeway for your day-to-day business. So you should use a loan for the move, since you can pay it back in smaller installments.
Small loans are usually sufficient
Since you don’t need huge sums to move, you can apply for a small loan from the bank. Small loans are loans where you take up to 10,000 dollars.
It is easiest to give yourself several offers from the banks so that you can choose the cheapest and most attractive offer. So that you do not have to pay monthly installments that are too high, it is advisable to choose a slightly longer term. You pay back the loan for the move longer, but this means that you have more money for yourself and your family per month.
Applying from home saves valuable time for moving
The banks offer small loans of up to 10,000 dollars from an effective annual interest rate of 4%. To apply for such a loan, the bank only needs a few details from you, the last 3 payslips, to ensure that you can repay the loan and have a good credit rating.
You do not have to go to the bank to apply, you can apply for the loan to move to the bank via the Internet. All you have to do is send the pay slips and the loan contract to the bank. This saves you valuable time, because when a move is pending, you usually need it for other important tasks that still have to be done.
It is worth comparing the conditions
If you choose a loan for the move, it is worth comparing the different banks. After all, the conditions of the banks are very different. Banks often offer loans at the cheapest price because they do not have a branch network and thus save considerable costs in contrast to the house banks with a dense network of branches.
The saved funds are passed on by the banks to the customers and therefore the conditions of the banks are often much cheaper. However, you should plan exactly how much money you really need, not that the loan is suddenly too small for your project.