If you are considering taking a loan, you should not be ashamed – on the contrary! People have loans for every occasion: from car loans to credit cards and from home loans to student loans. Almost every person has some kind of loan.
So, if borrowing is at your discretion, the most important thing is to make informed decisions.
First, make sure you apply for a loan for the right reasons. Secondly, it is important that you get to know your options and know what to expect when applying for a loan.
Before applying for a loan, you need to ask yourself five important questions.
How much loan do I need?
Ask yourself how much you really need before taking out a loan. If the purpose of borrowing is to buy something, can you save half of the amount yourself and apply for the other half. As a result, your loan need will be halved.
Maybe you need a loan in a time-based way, so saving is not an option.
In any case, it is important to think about your own budget and make changes accordingly. Once you have updated your budget, you will know how much money you have to put into repayment.
Do I have enough income to repay my loan and interest?
The first thing to be aware of before applying for a loan is that the required monthly loan repayment is not the total amount of your loan. In addition to the minimum down payment, your loan will increase in interest. The interest rate of your loan increases daily, weekly or monthly depending on the loan.
Also, make sure that your monthly income is sufficient to cover at least the minimum down payment and pay interest during the month.
Check how much the loan, including interest and installments, will cost you with the Hansel Bluefinn counter.
If, according to your calculator and your budget, you cannot afford to repay the loan, borrowing is not recommended.
How long do I have to repay the loan?
The terms of your loan and the repayment period depend on the loan you have taken out and the amount you have guaranteed. It is important to choose the loan amount, loan terms and interest rates that are right for your budget.
It is also worth considering whether you are able to repay your loan earlier than expected. For example, Hansel Bluefinn allows its customers to repay unsecured loans without penalties for early repayment. This allows customers to make repayments according to their own budget, which makes their loan more flexible and comfortable.
Make sure that whatever funding provider you choose, you have the opportunity to repay it early.
How do I manage my other debts?
If you already have previous loans, such as a credit card, taking out new loans is not a good idea, as your debt will increase further.
Before applying for a short term loan, make sure that you are able to repay your current and any new loans without any hassle. Is your budget enough for another repayment?
Have I selected the right donor?
There are many types of financiers on the market as well as banks that offer short-term loans. In addition to payments and loan terms, it is important that you are confident and satisfied with the financier you choose.
Make sure you understand what you have to pay for and trust the company. Find out what your customers are doing and what kind of reputation your company has. You can read Hansel Bluefinn customer reviews on Trustpilot, for example.
When choosing the right donor, you can be confident and satisfied with the decision you make. At Hansel Bluefinn, we believe that things can be done differently. As an international pioneer in financial technology, we have been able to expand our operations to 24 countries since 2005.
When applying for a loan from Hansel Bluefinn
You can be sure that you are in good hands. We believe in 100% transparency. No hidden costs! In fact, Hansel Bluefinn is authorized and regulated by the International Financial Conduct Authority (FCA) and is also a member of the Consumer Credit Trade Association (CCTA).
Our goal is simple – we want to provide the best, fastest and most user-friendly loan and customer service every day of the year. Apply for a loan in just a few minutes and you will receive the money in your account instantly after receiving a favorable loan decision.
When it comes to money, with Hansel Bluefinn you have one less thing to worry about!