From year to year, the lending rates may change. This does not happen arbitrarily, but depends on the current developments in the economy and on the financial markets. So it may well be that loans are currently cheaper than they were when you signed the contract on your old loan . It could therefore pay off if you repost the loan . If so, you can easily recalculate.
When a loan remission pays off
In the long run, you can save >money with a debt rescheduling loan. The reason: When you repost a loan , you pay less interest and lower your total cost . But not all cases are worth a loan repayment . If you have paid off your old loan soon, the savings are usually so low that the effort is not worthwhile. If, on the other hand, you have several years to go, you should consider rescheduling . Please also note the notice periods, because contracts that you have closed before 10 June 2010, have a notice period of three months. If you have taken up the loan later, this deadline will be eliminated – for this, banks can charge a prepayment penalty .
First compare the interest rates and find out how much you would have to pay for the outstanding loan amount . If the lending rates are more favorable, the repayment could be worthwhile. To find out, calculate the costs incurred when reposting the loan. The repayment of the loan is recommended if you save despite the fees.
Repurpose credit and save interest
If you want to repost a loan, use our comparison calculator to find a suitable offer. The advantage is obvious: On the one hand you are informed at a glance about the conditions , and on the other hand, a loan that you conclude over the internet is on average cheaper than comparable offers in branch banks. So use the comparison service and get a cheap rescheduling loan! Pay attention to the duration : Too long a repayment period makes the loan unnecessarily expensive. If it is too short, your monthly burden will increase – payment difficulties could be the result.