There are a whole range of different and individual reasons that can speak for taking out a loan.
Overall, interest rates will remain at a very low level in 2015 as well. Of course, the people looking for profitable investments are not happy because it makes it much harder to invest their money accordingly. Nevertheless, there are also opportunities in the current situation on the interest rate market to invest his money profitably.
For borrowers, of course, the current situation is not unpleasant, because a loan is relatively cheap to get and also the rescheduling of existing loans can be quite useful to reduce the monthly burden of credit rates. You can also find interesting information about financing topics here.
The development of interest rates since 2011
Especially in the recent past, the interest rates were actually almost only the way down, which incidentally is not just a feeling of consumers, but a fact that can be proven with facts. In the inserted table, it is easy to see the evolution of consumer loan interest rates over the past four years. If you take a closer look at the values, you quickly realize that there are significant differences depending on the interest rate commitment.
|Time||Fixed interest rate less than 5 years||Fixed interest over 5 years|
This table makes it easy to see what the trend in the effective interest rate has been over the last few years, and in fact, the trend has actually continued to go down. In addition, it can also be seen that there has been improvements for borrowers in both short-term loans and long-term loans.
Nevertheless, from the customer’s point of view, one has to complain that the credit institutions have passed on to the consumer only very little the very favorable conditions they have received from the European Central Bank. Of course, this is also due to the fact that the financial institutions primarily want to make money with the favorable interest rates and therefore still relatively cheaply pass on the loans to their customers.
This is how the Germans react to the interest rate situation
The program Plusminus , which regularly runs on the ARD, had already reported in 2014 that many German citizens resume loans due to the low interest rates. This is simply because families prefer important purchases because of the low interest rates they offer. Likewise, it is increasingly the case that when buying a car a better model is bought, because the interest rates are so low that you can afford quite a bit more car.
But especially with homeowners are currently made unusually many modernizations, because the purpose of modernization loans are currently extremely cheap. If you are still looking for suitable modernization loans, where you will get important information about special subsidies. Basically, there are a whole range of different and individual reasons that can speak for taking out a loan.