3 alternatives to reunify all your loans in one

The car loan, the mortgage, a mini-credit and a couple of cards. Suddenly we realize that we have more loans than we should and that repaying several installments of different loans unbalances our economy. If we are thinking of reuniting all our loans into one, we must bear in mind that there are different alternatives, but that each option will be more or less adequate for us according to the financial situation we are in. Below, we explain when to use each of these alternatives to choose the best alternative for us.

Expand our mortgage to unify debts

Expand our mortgage to unify debts

If we have a current mortgage, we can request an extension of this and thus cancel the rest of the debts and pay a single installment. The great advantage of this alternative is that mortgages have an interest that rarely exceeds 3%, so we will pay much less interest on the rest of the credits.

In order to be eligible for this alternative, we must go to the bank and it will be the bank that you decide, according to your risk analysis, whether or not to grant it to us. Generally, we will have to repay the mortgage for some years and we may be asked in return to raise the interest or provide other guarantees.

In addition, we must bear in mind that to extend the mortgage it is probable that we will have to assume the expenses of appraisal and you would also notice a commission for the novation of the contract.

Expand an existing personal loan

Expand an existing personal loan

If we do not have a current mortgage, we can also try to reunify the credits in one of the personal loans that we have pending. Generally we will have more luck going to the loan with the largest amount that we have in force, although we can try several (provided they are loans and not credit cards).

With this alternative we can also unify all our debts into one and thus pay a single monthly payment. Just as if we extend the mortgage, it will be the bank who decides if we have a low risk profile to carry out this operation and we may have to pay some commission for the change of the loan contract.

Apply for a specific personal loan to reunify debts

Apply for a specific personal loan to reunify debts

As a third option we have a loan with the specific purpose of reunifying. These types of credits are more expensive than a mortgage or a consumer credit, but they allow us to reunify all our loans without problems. In this option we have two different alternatives:

Specific personal loans for reunification

These are personal loans with the specific purpose of unifying debts without a mortgage. These loans have a cost of around 12% APR and are designed to unify several loans into one.

We can request this type of financing if the debts are less than 30,000 dollars, there are no defaults and we do not include the mortgage. In addition, it will be essential to have a stable job and an income that allows us to face the reimbursement without problems.

Home Equity Loans

If we have a property owned and our debt exceeds 30,000 dollars and / or we appear in defaults files, our best alternative is to go to loans with a mortgage guarantee.

With this type of financing, it will be compulsory to have a property that we can use as a guarantee of payment to be able to contract them. Although it does not matter if we appear in defaults files.

The mortgage loan allows us to obtain up to 30% of the value of our home, with an interest from 15.71% APR and a repayment period of up to 20 years with the possibility of partial grace for the first five years.

Of course, when contracting this type of financing we must take into account that in case of non-payment we run the risk of losing the house put as a guarantee.

Whichever alternative we go to, before hiring we must make numbers and know how much we will pay each month, as well as the total and all the interest generated. In addition, it is important to be completely sure that you can repay the credit without problems to avoid falling into an over-indebtedness again.

Apply for your loan for your house or home renovation

Life cannot always be planned. You need a vacation, but recently there was no opportunity to save? Did your washing machine and dishwasher break at the same time and need to be replaced now? Maybe you are also thinking about renovating a house or apartment. There are numerous reasons for a loan. It is all the more important that you can apply for it as quickly and easily as possible. Applying for a credit with Full credit bank meets these requirements. You can do everything from home and get your promise within a short time.

Apply for your credit at Full credit bank now

Apply for your credit at Full credit bank now

Free credit request With a net loan of $ 4,000 and a loan of 72 months, 2/3 of the new customers receive in advance. an eff. Interest rate pa of 7.9% or less (born debit rate 6.45% pa) Important: In your own interest, please do not make any further credit inquiries, as multiple inquiries (also from other providers) can lead to irritation and the blocking periods can be imposed by the banks in question.

Since the demands on a loan are very individual, you can also find different types of credit at Full credit bank. For example, if you need the money within 24 hours, you can apply for an instant loan. The classic installment loan is generally a good solution. It is not earmarked and you can also get an instant confirmation here. Sometimes it only takes a small amount to bridge a financial bottleneck. The small loan is suitable if you want to apply for an online loan with a small loan amount. The flexibility with Full credit bank is particularly attractive for borrowers. If you would like to apply for a loan, you can select the purpose for which the loan is to be used or opt for a simple installment loan. The simple process for applying makes it easy for you.

So you benefit from a credit from Full credit bank

So you benefit from a credit from Full credit bank

 

Full credit bank stands for the opportunity to find a loan with the best conditions. There are different reasons for working with a loan. It is important that you find the best conditions for you in your loan contract. A loan calculator can help you get a first impression. Here you get an overview of the conditions that can be made available to you.

Applying for a loan is easy with Full credit bank. All you need is access to the internet. You can now fill out the form.

When making a loan decision, it is important for you as a borrower that you can remain as flexible as possible. Branch banks and direct banks offer different variants. Full credit bank recommends that you ensure that the loan term matches your expectations and that you can also take interest breaks. In the event of inability to work or other shortages, the installment break is particularly helpful. We also recommend that you think about residual debt insurance.

We offer you independent comparisons. At Full credit bank you indicate your credit request. Thanks to our large network of possible financing partners, you will receive several offers for your desired loan.

When will the loan be paid out?

When will the loan be paid out?

Full credit bank is a credit broker. You can relax with us from the first application to the loan payment. Thanks to our instant payment, you will receive your money 24 hours after legitimation.

An identity check is always necessary when borrowing. With Full credit bank you can easily do this online. It doesn’t matter whether you are planning to reschedule your overdraft facility, replenish your salary account or implement an increase in your savings. An identity check is necessary.

You can do this via Postident or Videoident. We at Full credit bank recommend the procedure with Videoident. All you need is a valid ID document and an internet camera and you don’t have to go to a post office for the application process. The advantage is that the payment of your loan is made even faster. As soon as your legitimation has been carried out and recognized, we will also pay off your net loan amount. Often there are less than 24 hours in between.

Does Credit bureau play a role in applying for a loan?

Does Credit bureau play a role in applying for a loan?

If you want to apply for a loan and go to a bank branch, you will only receive offers that depend on the credit rating. This also applies to a mini loan. On site, a household calculator is used to check whether you can service the monthly payments. Lots of paperwork is waiting for you. In addition, your requests for a bank loan are usually not Credit bureau neutral. Every request can affect your score. This is different with Full credit bank. With us, inquiries are not only free of charge. They are also Credit bureau neutral. Credit bureau does not play a role in the application process.

As part of a credit check, a lender usually takes a look at Credit bureau to secure itself. Every loan is a risk for the bank. By controlling Credit bureau, the risk is to be minimized. However, there can always be reasons that your score at Credit bureau is not optimal. Therefore, Full credit bank offers you the option to opt for a Credit bureau-free loan. It should be noted that the risk for the lender is higher with this consumer loan. This also increases the effective interest rate. A comparison of the annual interest rate is therefore always recommended when you conduct a credit check.

What do my offers look like?

What do my offers look like?

You have specified your desired amount and specified how long the contract should be. Now we contact our financing partners and forward the offers to you. The offers are compiled according to the price regulation. The PangV contains the requirements that all credit costs must be listed in the offer. This applies to a quick loan as well as a residential loan. There are no differences when it comes to lending. You will see the net loan amount and the agreed loan installments as well as the loan interest for your personal loan.

Such a detailed offer is of course an advantage for a comparison. We at Full credit bank recommend you to look at other points. Would early repayment be due in the event of early redemption? How flexibly can you repay the loan? Are constant interest rates the basis? Are free special repayments offered? The Full credit bank consultants will also be happy to answer questions about your offers.

Simply apply for a loan online now

Simply apply for a loan online now

Your credit application via Full credit bank is very simple. It only takes a few steps.

Step 1: Leave your desired loan amount and specify a purpose. Should it be a debt rescheduling loan or follow-up financing? Not every loan is earmarked. Therefore, your loan application may not ask for the purpose.
Step 2 : Answer questions about your income. Account statements or proof of salary may be requested.
Step 3 : Enter the data of the account to which the desired loan amount is to be transferred.

You can then apply for your loan at Full credit bank. Thanks to live information, you are always up to date with your application.