We have just started the second half of 2016 and as you probably already know, movements will have to be visible in the field of personal payday loans. We are talking here about a possible rise or fall in the interest rate. For the moment, trends are down in most lenders. It is always advisable to inquire about the rate practiced at a moment. You will then know when to contract a personal payday loan to your favor.
The current trend for personal payday loan rate
As announced above, trends in Belgium are currently declining for the annual percentage rate of charge. Many lenders such as Goodbank, have bet on lowering their interest rates to attract new customers. This situation is primarily due to the overall economic situation that favors a reduction in APR (Global Annual Effective Rate).
The growing number of loan and credit providers such as the arrival of Goodbank is also for something. Result, today, for a personal payday loan worth 15 000 euros, the minimum rate for a period of 12, 24, 36, 48 and 60 months is proposed by Credit who takes the hand for 5.90%. If one refers to a lower personal payday loan for 5,000 euros, it is Goodbank who offers the loan online at the best rate with 4.99% up to 48 monthly payments.
If you have in mind to take out a personal payday loan to carry out such or such project
it is therefore the right moment to subscribe to a personal payday loan. Be careful, comparing personal payday loan offers is acting as an informed consumer. So remember to visit bemoney.be comparator of more than 10 banks and loan broker in Belgium.
personal payday loan rate forecasts for the second half of 2016
The figures that we have presented above reflect the current situation, that of the beginning of the second half of this year. If we believe the forecasts of the various specialists, this situation should not change too much for the rest of the second half of 2016. Indeed, no increase would not yet be expected, at least in the immediate future.
This situation could be explained by the current economic situation and the general fall in interest rates in Belgium and, more broadly, in Europe. In short, if you decide to take out a personal payday loan, never forget to make a loan simulation through an online comparator, a guarantee to find the personal payday loan in Belgium and the best rate.