- Consolidation of existing loans in one rescheduling loan
- Clarity of liabilities
- new financial opportunities
- Financial relief
- Free request
Combine several loans with a rescheduling loan
Debt rescheduling makes sense not only when redeeming a loan, but above all if there are several existing loans of different types (overdraft facility, credit line, credit card limit, consumer credit, etc.) and you have lost track of the total monthly charge. With a rescheduling loan, all loans are merged into one loan, which means that only one loan installment has to be paid. This provides a better overview of your own finances and reduces the administrative burden.
With a loan rescheduling, the borrower not only gains a better overview, but above all gains more financial leeway. By replacing existing loans with high monthly rates with a rescheduling loan with lower rates, the financial burden can be reduced by up to 50%. If it turns out during the term of the loan that the financial scope has improved so much that a considerable amount is regularly left over at the end of the month, then these savings can also be used retrospectively to repay a larger sum. With so-called special repayments, borrowers can greatly reduce the remaining debt and term of their loan in one fell swoop and thus save interest. The prerequisite is of course that special repayment rights have been granted in the loan agreement.
A positive side effect of debt rescheduling: The new loan is usually taken out in the amount of the remaining debt (plus any prepayment penalty). The new loan amount and term are usually significantly lower than the original. This has a positive effect on the interest rate. Because the lower the loan amount and the shorter the term, the better your interest rate. In addition, credit agencies like Schufa rate it positively if only one creditor instead of many different creditors has to be served. That too can significantly improve your credit rating and thus your interest rate.
Interest rates are currently at an all-time low. Now is the ideal time to reschedule borrowers who want to benefit from low interest rates and lower their monthly interest burden. You can therefore now conveniently submit your free loan request online.
We guarantee you: Your loan request is not associated with any preliminary costs.
Debt rescheduling - this is how it works:
We'll show you how to properly reschedule your existing expensive loans in order to fully exploit the savings potential:
Check the key data of the old loan
To find the right rescheduling loan, you first need all the relevant data for the loan to be redeemed. This includes residual debt, effective interest, remaining term and the current monthly rate. In addition, the contractually regulated amount of the early repayment penalty should be found out for loans that were taken out before June 11, 2010.
Define the goals of the rescheduling
Depending on the financial situation of a borrower, it can make more sense in one case to set the term of the rescheduling loan relatively long, while in the other case a borrower is financially better off if he chooses a short term. The amount of the monthly installment must be individually adapted to the financial income-expenditure situation. Different preferences also play a major role when choosing the term and monthly rate - for some it is important to keep a certain amount of leeway on a monthly basis, but to accept a longer term. For the other, it is particularly important to be debt-free again as quickly as possible or to have the lowest possible interest burden and therefore to choose the term as short as possible.
Find the right rescheduling loan
If you have all the important data on the old loan and are clear about your goals and priorities, the next step is to find the right loan offer for the rescheduling. Online loan calculators can be very helpful here. If you enter your remaining debt, possibly added to the prepayment penalty, as well as the remaining term, you will receive the corresponding monthly rate at the push of a button. Conversely, you can adjust the term precisely to the desired rate, provided that you know the maximum loan rate you can afford each month based on your income and expenses. Of course, loan calculators cannot replace getting real offers, as they are mostly based on blanket assumptions, such as an average interest rate. The interest rate you really get depends on the provider. You will only find out about this after a credit check has been carried out when you have a credit offer from a provider in black and white. A comparison of several loan offers is definitely advisable. If you don't have time for a comprehensive loan comparison, you can also get support from experienced credit experts. The competent employees at Best Credit will be happy to help you find the right rescheduling loan - guaranteed without upfront costs.
Determine total savings
If a cheap rescheduling loan has been found, you should calculate the actual savings potential that will be achieved by rescheduling before you sign the new loan agreement and cancel the old one. To do this, compare the interest costs of the old and new loan from the time you switched to one another. To do this, the outstanding interest payments on the existing loan should be compared with the interest charges on the new loan. If the difference shows a clear saving, nothing stands in the way of a loan repayment.
The old loan should in any case be terminated in writing and the exact date of the debt rescheduling agreed with the old and new bank. It is best to give the new bank a written transfer authorization. Enter "Debt rescheduling" as the purpose in the new loan application. This improves your creditworthiness and with it your new interest rate.