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If you have decided to take out a loan, the purpose is most likely to give you the opportunity to fund what you lack. But if it gets too expensive, it can be devastating to your finances.
It’s about finding the cheapest quick loan and we want to help you here. We have made a top 3 over the cheapest quick loans right now 2017, based on their indicative interest rates at the time of writing. We can reveal there are free loan options available.
Top 3 cheapest quick loans
There are many loan companies that offer cheap mortgages today. Their characteristic is that it is both quick and quick to settle. You can have the money anywhere from 1 to 45 days, depending on who you use. You can therefore quickly get money to pay the bills that are waiting in the mailbox. Or for the holiday or the new bike you have dreamed of.
Here you can see the current top 3 of the cheapest quick loans according to Invalescoinvest and their comparison overview.
- Hypocredit – up to 4,000
- Lenderspo – up to 4,000
- Metloan – up to 4,000
All three providers are free for new customers and therefore this top 3 gives itself a little. But if you are an existing customer, this will be the order of a loan of 5000 with a maturity of 30 days. Note Hypocredit offers you a cash credit with no fixed maturity.
You should pay particular attention to the creation fees and the APR you are offered if you have been a customer with them before or need more than 4,000 kroner. If you are a new customer and only missing up to 4,000 kroner, you can apply and get the money for 30 days completely free.
Obtain loan offers and get quick answers
If you make sure to apply with several different, you will hopefully be approved and get more offers back. With these loan offers you have much greater chance of assessing where you can get the cheapest loan than if you rely solely on information from websites.
For even though there is a guide rate on a company’s website, it is far from certain that you can get the same interest in your loan agreement. Of course, this does not apply to new customers if you borrow for free, but in the other scenarios.
Generally, many factors play in when the companies evaluate you and design an offer. And these factors vary from person to person. Therefore, you cannot know where you can get the cheapest quick loan before you have applied for and received the offers. So always apply for more.
You must select the lowest APR
Now you have applied, have been approved, you can easily end up with more opportunities in front of you. But how do you find out which offer is cheapest? Accounting fees, interest rates, maturities and loan amounts must be taken into account, which can quickly make it very confusing to find out what really costs the least.
However, there is a figure that reflects all costs best. It is called SAP and accounts for annual costs in percent. It is calculated in percent and gives a really good picture of what the quick loan actually costs. Therefore, you should go for the lowest APR if you want the cheapest solution.