The interest period can be changed, but not always!

I would take a fixed rate loan for 3 years, and after 3 years, I would like to change the interest rate fixation to 5 years. Can I do?
The expert gave the following answer.

If you look at the example, a home loan has a fixed interest rate for 3 years, if the fixation period is over, you can change the period, but there is something to consider, the central bank’s interest rate change indicator.

In the case of commonly used loan packages, the practice was that if we fixed the home loan at 3 years, we had to keep it until the end of the term.

There was no way to change

bank

Today there is only 1 bank in Hungary where the interest period can be changed before maturity in the case of a market loan. If the example expires in 3 years, we can change the period with a free contract modification, with specified initial terms.

In the case of new consumer loans received, the interest period for each loan can be changed.

The rating can be changed for 3, 5, 10 years or for a fixed term for a full term.

There is one hurdle, however, because not all banks have several types of consumer-friendly loans. It is worth choosing where a bank offers at least two types of interest rates. Because if there is not just one period, then we have to get through it.

Let’s quote the expert

bank

  • “Outside of the savings cooperatives, 3 of the 9 big banks can only choose from one type of consumer-friendly loan, meaning we have no way to go through interest rates”

Changes to the Free Interest Period must be requested in writing 30 days prior to the previous maturity date. It is predicted that interest rates will rise in 3 to 5 years, so we can start the next period with higher interest rates.

  • The longer the interest period, the higher the interest rate. This is because the banks are taking risks.

In summary, it is not common to switch between interest periods!

bank

The big decision in our lives is to make a home loan, prudent, foresighted, thoughtful and responsible.
We would also like to help you with the administration, we can offer different current loan offers without having to visit several banks.

Our credit brokerage colleagues provide convenient, fast, reliable administration free of charge.
Fill out our form, we’ll call you back and we’ll arrange more!

Help with payday loans debt consolidation -Take a look at debt consolidation

Consolidate loans and earn thousands of dollars to lower your total cost of loans and expensive credits.

No matter what financial situation you are in and no matter what your personal finances, it is a good idea to periodically review what loans and credits you have to explore the possibility of lowering your monthly costs for loans and credits. Sometimes you want to lower the monthly cost overall to get more money over to others at different stages of life, while others may just want to see if you can get better interest rates by collecting your loans and credits from one or a maximum of a few different lenders.

Debt financing and debt financing loans can thus be used when you want to get more money into your wallet every month, whether it means a longer repayment period before you become completely debt-free. But debt financing is also suitable for those who want to continue to pay the same monthly amount but increase the repayment and reduce the interest rate portion.

Take a look at debt consolidation 

Directly when you apply for debt consolidation at https://dedebt.com/ to collect loans and credits, you will receive an answer as to whether you have been approved for the debt consolidation you applied for or not.

After that, the process differs slightly, but most lenders have quick identification through BankID or another online method, which means that the application process and the contract process can be completed very quickly. Therefore, all loans online are called fast loans, which in effect refers to how quickly and easily you can apply for loans and get answers directly on the screen.

For larger loans, it can take up to a few business days before you have the money available in your regular account, while smaller loans up to SEK 20000 – 50000 can often be available in your account even faster.

So, the result of your reduced monthly cost or interest rate when you collect loans and credits, you can already notice the same month you apply for and are granted a loan for debt financing.

Who pays and settles my old loans and credits

Some banks offer to redeem your old loans and credits through a mandate. After that, any excess amount is paid to your account and everything is arranged. Sometimes you may want to settle the loans and credits yourself and that also usually works well.

Borrow to debt financing and also get a sum over
If you wish, you can apply for a larger amount of money than the actual amount for which you will collect loans. You may want to have money left over for something to buy or a vacation trip. Always think about a decision to borrow money for consumption, you can afford to repay the loan, however, it is no problem! If you apply for a loan where the maximum loan amount is SEK 350000 and, for example, want to collect loans worth SEK 200,000, you can apply to borrow an entire SEK 150000 “extra” if you wish.

Collect loans despite many requests from uc
Many banks use automatic scoring, which is why it can sometimes be tricky to get a loan if you have any inquiries at uc. Having many inquiries with uc will reduce your credit rating and then it is easier to get loans without uc control if you need to collect loans despite many requests.

Appropriate debt financing loans when you want to collect loans and credits

 


If you have a bad credit rating with many small sms loans that you want to collect for a larger annual loan, you can choose between annual loans without uc control or borrow money without uc control for up to 6 months. There are also loans up to SEK 30000 for you who have a payment note.
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