How do you compare a loan (online)?

If you are looking for a loan, it is important to compare your options. You must be sure that the loan you take out fits your wishes and your personal situation. But what should you actually pay attention to if you want to take out a loan?

Compare on form and content

Compare on form and content

First, it is important to determine what you want to borrow money for. The term of your loan must fit in well with the life of your product. A loan of 60 months is appropriate for a car loan, while a duration of 120 months is more suitable for a bathroom.

You can then compare the different loan forms. Do you opt for a personal loan or does a continuous loan fit in better with your loan objective? Consider whether you need the security of a personal loan or prefer the flexibility of an ongoing loan .

When you have determined which loan type is the most suitable, you can start comparing the loans. If you want to compare different loans, always make sure that the term is the same, otherwise the comparison will be flawed and you will not paint a realistic picture.

Compare the terms and conditions

Compare the terms and conditions

Equally important is comparison based on the general terms and conditions. You can then think of:

  • The advice provided by the bank or the intermediary on, for example:

    • The risks of borrowing

      • What happens if you die unexpectedly

    • Your (financial) future

      • What do you have to take into account when you turn 65?

  • Aftercare, how does the bank or intermediary deal with you after taking out the loan?

    • A bank / intermediary can act proactively (and therefore call you if something changes that could be to your advantage) or reactive (the bank / intermediary will only act if you ask)

Ask for advice

Ask for advice

Taking out a loan requires care. After all, you want to take out a responsible loan in order not to get into financial difficulties. If you have doubts or questions, make sure that you seek advice from the bank or the intermediary. Better safe than sorry!