A revolving credit from Crediturian is a very flexible form of credit but also a very uncertain way of borrowing. Due to the convenience of the revolving credit and the low monthly charges, it is a very attractive loan. But because the duration is also infinitely long and money can always be borrowed, many people hardly get rid of such a revolving credit. A revolving credit is best used for short financial shortcomings. In contrast to a personal loan with a fixed interest rate and a fixed monthly payment amount. In contrast to this, unlike a revolving credit, a personal loan is not flexible at all and you are forced to pay.
The difference between a fixed and a variable credit.
A fixed interest rate is based on a fixed amount that must be paid in the month. For a variable revolving credit, for example, 2% is taken from the outstanding amount. This means you pay the lower the credit provided, the less you pay.
The blocking norm.
Sometimes Crediturian does not want a revolving credit to always run up to the maximum. They then set a blocking standard for this, which means that you first have to repay a certain amount before you can take out credit again.
The permanent recording restriction:
The borrower may no longer take anything at all. This happens if the financial situation changes or if the repayment is questionable. The credit form then changes to a maturing credit.
What is the difference between a personal loan and a revolving credit.
A revolving credit from Crediturian always has a freely withdrawable amount. You pay a pre-set maximum. With a revolving credit you pay a fixed interest rate of around 2% of the outstanding credit per month.
Advantages of a revolving credit:
- The revolving credit is a very flexible loan
- You can withdraw money and redeem when you find that outcome
- Lower interest rate than with a personal loan
Disadvantages of a revolving credit:
- The interest rate is not always stable
- It is your own responsibility to repay the loan.
Advantages of a personal loan:
- You repay a fixed amount every month.
- At the end of the loan you have paid off the entire debt
Disadvantages of a personal loan:
- It is not possible to borrow in the same loan.
- By repaying earlier, the lender will incur additional costs and pass them on to you.
- The interest is often higher than with a revolving credit.
Regardless of how quickly you think you need the money, bear in mind that if you borrow money you will be stuck for a certain period of time. So it is worth reading the conditions carefully before you borrow money. Borrowing money always costs you money but this does not mean that you have to pay too much if you want to borrow money. Crediturian therefore has a handy tool for you so that you only have to enter all your details once, which makes borrowing money easier and, in particular, clearer. This allows you to view the loan amount and the credit provider with which you get the most favorable conditions and the lowest interest rate.
Is Crediturian reliable?
Why should you borrow money from Crediturian, borrowing money has become more than normal these days and there is nothing wrong with borrowing money, but you have to take a good look at everything and take into account that every loan costs you money. And it is up to you to choose the most cost-effective method, but if you stick to the payment terms, there is nothing wrong with Crediturian.