Credit Europe personal loan is an installment loan

Credit Europe personal loan is an installment loan

The Credit Europe personal loan is an installment loan that can be drawn on from 2,500 USD. Credit Lender bank has been active in Germany for more than 15 years, with the headquarters of the institute in Amsterdam. Since then, the bank has been selling its products primarily via the Internet, whereby trust and customer satisfaction are high priorities.

Credit Lender bank’s personal loan is one of the credit products offered by the bank online. The institute pays attention to responsible lending, which is capitalized in its own words. In this context, the bank also offers fixed interest rates that cannot be changed during the term. This means that financing can be planned in the long term, there are no changes to fear.

Personal loan depends on the creditworthiness

Personal loan depends on the creditworthiness

The interest on the personal loan depends on the creditworthiness. For borrowers, this means that they can only access an interest margin on the bank’s website within which the interest actually to be paid later will lie. However, the bank’s employees can only make statements about the detailed interest rate after submitting the loan application, since this can be used to assess the creditworthiness of the loan seeker.

The loan calculator on the Credit Lender bank website enables loan seekers to calculate the later costs of borrowing. Loan amounts of 2,500 – 50,000 USD and terms of 12-84 months can be entered here to calculate different scenarios. For example, it can also be determined whether it makes sense to combine several loans in order to possibly lower the rate. However, this calculator is based on the average borrowing rate, which can change both upwards and downwards after the loan application has been submitted. The loan calculator therefore only offers an initial overview of possible costs. A processing fee for credit processing is not charged by Credit Lender bank.