Replacement of installment loans by subordinated loan

2019-04-02 10:49:56

Salary 4TE / month. So everything should be fine. At 7% I can just run the installment loans

2019-04-02 10:56:49

That will probably be the outcome.

2019-04-02 21:09:05

Let yourself be surprised, but it should be cheaper if the bank cooperates. Just extending the term also carries risks. It could be that with 7% over 6 years you pay less interest than 4% subordinated for 20 years. Let us know what you would get. It would be interesting.

2019-04-02 21:48:09

I don't really see the 7% there. The bigger problem is the amount. If you can manage with under 50K, then there are far more options with regular, unsecured loans. And 4% should definitely be achievable there, or even slightly below.

With my checking account, I can access up to 50K without much checking at 3.3%. Of course, only as long as the [Schufa] is clean and the total burden is not already at the limit (from the bank's perspective).

2019-04-02 22:58:24

I don’t really see the 7% there. The bigger problem is the amount. If you can get by with under 50K, then there are many more options with completely regular, unsecured loans. And 4% should definitely be achievable there or even slightly below.

With my checking account I can access up to 50K without much verification at 3.3%. Of course, only as long as the Schufa is clean and the total burden isn’t already at the puke limit (from the bank’s perspective).

Really? That’s great. Which ones?

2019-04-02 23:17:31

DKB. Can be conveniently applied for directly from online banking and is usually approved within 2 days. In addition, unlimited special repayment rights, simply transfer to the loan account, which is displayed directly in online banking.

Not theory, but already used myself.

Replacement of installment loans by subordinated loan

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