There are many benefits of unsecured consumer loans if you need a more economical economy for a limited time. But what are consumer loans – really?
Loans without collateral
A consumer loan from Willie Lunter allows you to borrow money without collateral. For example, you can take out a caravan loan or a cottage loan. An unsecured consumer loan means that you do not have to pledge collateral in a guarantor or real estate, as you normally would when taking out a home or car loan. You can borrow up to $ 500,000 and have a flexible repayment of up to 15 years. Because the loan is unsecured, consumer loans have an interest rate that is higher than the mortgage rate, but at the same time much lower than the interest rate you get on credit card debt.
Loans for motorcycles, cars or motorhomes?
When you take out a consumer loan, it is up to you to decide what money you borrow to use. Willie Lunter makes no documentation or loan requirements. Maybe you dream of buying a motorcycle or going on an exotic vacation with your family? Do you need a home loan or equity loan when you are going to buy a home for the first time? Then a consumer loan without collateral can be the solution. A consumer loan can give you the opportunity to realize dreams and give you a more flexible economy, and can be a good alternative compared to several other loans.
Vacation Plans? Loans for travel
Maybe you plan this year’s summer vacation several months before the holiday allowance is paid? A consumer loan allows you to book the summer holidays in winter when prices are lowest, and you can repay the loan in whole or in part as soon as the holiday money is on account.
Home improvement loans
Should you renovate the bathroom? If you have a mortgage, you can in many cases increase the mortgage by the amount you need for the renovation. However, sometimes an increase in the mortgage can cause the loan amount to go from 60 percent of the total market value of your home to 75 percent or 80 percent, which can cause the interest rate on your entire mortgage to rise. In such cases, it may be more favorable to take out a consumer loan to renovate the bathroom, so that the interest rate on the mortgage remains unchanged and the total interest cost becomes lower.
Consumer loans for debt refinancing
Do you have credit card debt? Since the interest rate on Willie Lunter’s consumer loan is significantly lower than the interest rate on all credit cards on the market, it can pay off for those who have credit card debt to refinance the debt by turning it into a consumer loan. That way you get a lower interest rate and a neat repayment schedule. Willie Lunter makes sure you pay off your various credits when you apply for refinancing, so you only have to deal with Willie Lunter and avoid getting payment reminders from expensive credit card debt.
How to apply for a consumer loan?
In order to be granted a consumer loan, you must be between 23 and 70 years of age, be a Norwegian citizen and you must have a fixed income and no payment notes. A secured loan does not require a mortgage on real estate or other guarantees, but a credit check is performed when you apply to assess whether you have the option of servicing the loan. It is this credit check that determines whether you will be granted the loan. Most often you answer this immediately and when the loan is granted, the money is transferred to your account within 1-2 business days.
Keep your birth and social security number ready when you apply, along with information on today’s income and debt. The rest of the information automatically fetches Willie Lunter.
Repayment of consumer loans
Consider how large a loan you have the opportunity to pay when choosing the amount and number of repayment years. Plan how the loan will be repaid based on how much you can pay down on the loan each month so that you do not borrow more than you can afford.
When you take out a consumer loan, we will set up a repayment plan for you. The main rule is a maximum 5 year repayment period, but with refinancing it is possible to have a repayment period of between 5 and 15 years. You pay off the loan with a fixed amount each month, but at the same time you have the opportunity to apply for up to three payment-free months, which can give you a slightly more spacious economy when you need it most, maybe in December and July? Of course, you can also pay off the consumer loan earlier than planned if you wish, at no extra cost.