If a move is pending, then there are high costs. Moving car, deposit, possible renovation costs and necessary new furniture – sometimes these investments cannot or do not want to be financed with savings. A move loan can be a good financial aid to help you move home. Ultimately, this loan is a consumer loan that can be taken out in different ways.
Which form of credit is ideal?
Anyone interested in the loan for moving has a wide selection on the market. There are many versions to be found, from classic consumer loans from a resident bank to online loans without Credit bureau. Those who opt for the online loan often have the advantage of being able to use a particularly cheap loan offer. This is because this loan is offered by online banks.
These banks save a large pool of employees and costly branches, so they work cheaper. These savings are often passed on to customers in the form of inexpensive loans. The loan for the move can therefore be cheaper. A thorough price comparison should still be done.
However, with online credit you also have to do all the work yourself. Anyone who does not want this and also wants comprehensive advice is better off with a private bank. Anyone who relies on the loan without Credit bureau must also accept the online loan option, because loans without Credit bureau are not granted by banks in Germany.
What service can I expect?
There is a lot of competition today when it comes to moving consumer credit. The individual credit institutions outbid each other in terms of special services to acquire customers. For example, some banks offer the option of suspending at a rate once a year. Special repayment options for unexpected – or even planned – money blessings are possible if you want to redeem the loan early.
With the variety of offers and services, however, it is important to make exact comparisons of the individual providers. Special repayments and suspension of installments are not always free of charge. This particular advantage can also prove to be more expensive compared to competitive offers. The use of a credit calculator, such as that offered online on many platforms, can help to compare individual loan offers.
The comparison of different loans for the move is carried out objectively under the same conditions. You also get additional helpful information about the loan and a calculation of the actual cost of the loan. Whether the loan will be used for the move is ultimately up to the borrower, because providers do not want to be informed about the purpose of consumer loans.