A consolidation loan is a good solution for people who have several liabilities in various financial institutions. Such a loan allows them to be combined into one, much more profitable, thanks to which the monthly installment decreases. Where to look for the best offers? In the following ranking of consolidation loans, we have collected the best offers and present their details.
Who is the consolidation loan for?
A consolidation loan is a recommended solution for those who have several debts at various banks or non-bank companies. It allows several obligations (such as cash loan, loan, installment loan, and in the case of some offers also a mortgage) to be combined into one.
In the case of a consolidation loan, the bank repays the current debt for us, and we are left to pay back the consolidated installments – at the bank. Our debt is transferred to another institution and we can start again with a blank card. This solution also reduces the cost of the monthly installment, because in the case of consolidation loans, banks often offer a reduced interest rate.
So if you have debt in several institutions and problems with paying them back, consider combining them into one consolidation loan.
What influences the position in the consolidation loan ranking?
In the following ranking of consolidation loans, we’ve gathered the most interesting and the most interesting offers for potential borrowers.
The position in the ranking of consolidation loans and the assessment of the offer are influenced by:
- interest rate,
- commission amount,
- loan amount possible to take,
- repayment period,
- number of liabilities that can be consolidated.
Advantages of the offer:
- the possibility of reducing the commission to 0%,
- the possibility of receiving additional cash for any purpose,
- the possibility of beneficial insurance.
What to look for?
the following liabilities can be consolidated: cash loans, installment loans, credit card limits, personal account limits.