Combination loan – Ideal mix of borrowing money with security and flexibility

Apply for a combination loan

Do you want to borrow money with certainty and flexibility? It’s possible at Creditheriol. You can combine the fixed low interest rate of the personal loan with the flexibility of the revolving credit . This way you get the best of both loans. Want to know more about this new way of borrowing money? We are happy to tell you more about it.

Suitable for different purposes

Suitable for different purposes

A combination loan is suitable for many different purposes. Take a renovation, for example. Borrowing money for a renovation is difficult. If it is disappointing, you need just a little more than you have estimated. With a combination loan you can have the part that you definitely need paid out as a personal loan in one go, with the interest still being tax deductible. To be on the safe side, you can also borrow a part that you can withdraw in a flexible way. This money is then available for any setbacks. Do you not withdraw money from this loan? Then of course you pay nothing for it.

Interest rates for the combination loan

Interest rates for the combination loan

If you take out a combination loan, you will receive a revolving credit and a personal loan next to each other. This gives you the assurance of a partial loan repayment, and the flexibility of the revolving credit.
Because, of course, before you apply, you want to know what you can expect below the interest rates.

Credit amount Monthly period Debit interest APR Number of terms Total costs
$ 5,000 $ 56 6.4% 6.4% 120 months $ 6,727
$ 10,000 $ 106 5.1% 5.1% 120 months $ 12,719
$ 15,000 $ 1545 4.4% 4.4% 120 months $ 18,494
$ 25,000 $ 252 3.9% 3.9% 120 months $ 30,134
$ 50,000 $ 502 3.9% 3.9% 120 months $ 60,269
$ 75,000 $ 760 4.0% 4.0% 120 months $ 91,226

* This table shows the interest rates of a personal loan. The lowest possible interest rate that we can offer is indicated per amount.

Credit amount Monthly period Debit interest APR Number of terms Total costs
$ 5,000 $ 100 6.9% 6.9% 58 months $ 5,800
$ 10,000 $ 200 5.8% 5.8% 57 months $ 11,400
$ 15,000 $ 300 4.7% 4.7% 56 months $ 16,800
$ 25,000 $ 500 4.5% 4.5% 56 months $ 28,000
$ 50,000 $ 1,000 4.5% 4.5% 56 months $ 56,000
$ 75,000 $ 1,500 5.0% 5.0% 56 months $ 84,000

* This table shows the interest rates of a revolving credit. The lowest possible interest rate that we can offer is indicated per amount.

When is a combination loan suitable?

When is a combination loan suitable?

As we have stated before, a combination loan can be a good solution for you in many different situations. Not only during the renovation. Also when transferring loans, we always check whether applying for a combination loan can be a good option for you. This may be the case, for example, if you have a revolving credit that has been running for years. There is great temptation to withdraw money from a current loan. By transferring your current loan to a combination loan, you also have a partial guaranteed reduction in your loan. And that is important, you also have to get rid of your loan again.

Do you want to know more about the combination loan? Request a quote free of charge and without obligation. You will be amazed by our thorough, reliable and, above all, customer-friendly approach.

Posted in Uncategorized