Apply for a loan now
If you are looking for the cheapest loan and the provider with the lowest interest rate or the lowest cost, then you have come to the right place. The loan providers here on the site have the best loans on the market, and they are very different, so whatever you want to borrow, you will find a solution here. Check our list and find the provider (s) that match your needs. Once you find them all on the list, you can quickly see which provider has the lowest interest rates. In the overview you see an interest spread with – from and to, and that changes in the loan calculator at the provider. It really depends on how much and how long you have to borrow. You need to go through all the providers before finding the best and cheapest. Remember that interest rates can be fixed or variable, and you must also compare these between the different providers. The interest is part of the loan price, but there are many other details that make up the total price. In the end, it’s all about the total cost, and for you as a borrower, what is called the PRA, which is the annual percentage rate.
The PRA consists of establishment costs, interest, and collection fees, which are added together and then divided by the loan amount, which is then multiplied by 100. Then you get the OPP. This is the effective interest rate that all providers take to lend money to customers, and this is the number you use when comparing the providers with each other.
The cheapest loan
Check out our list of loan providers, and then find those with loans that match your loan needs in terms of amount size and maturity. Pick out some pieces – four to five approximately, and find a notepad so you can write notes. Then click on the “apply” cap for everyone – one at a time, it’s free. At each provider, you enter the desired amount and maturity, and then write down all figures, including the AOP, which you eventually compare to your own small list. Then select three providers to which you will then submit an application.
Submit more applications
We recommend that you submit an application to the three providers that best fit your plans so that you have a greater chance of getting a loan approved. It’s about getting more answers back from the loan providers, and the more answers, the greater the chance that one of them is positive. You also save a lot of time that way. If you get more positive answers, then you can just choose the provider with the best offer and the cheapest solution for you. For you it is first and foremost about being approved, and you get a positive response from the most expensive, and no from the other two, then you can choose whether you want to accept the offer or if you want to seek another provider…
Either way, you’ll find the best and cheapest loan on our list. We and other consumers have tested them through and they are all good and good for something. If you find that the loan is too expensive, try reducing the maturity by one year, and you will find that the total cost falls significantly.