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Blank loans – We compare interest rates

Blank loans are another name for the classic simple home loan. Blank loans are thus probably the most classic type of loan that exists. A blank loan is usually somewhere between about USD 10,000 and up to about USD 350,000.

What is a Blank Loan?

money loan

A bank loan is, as we have previously written, a very ordinary classic loan that you can apply to at virtually all banks plus that there are a number of loan institutions that also offer this. As the loan is a collateralized loan, this will mean that the lender considers it a greater risk to lend the money to you.

You can read more about what a unsecured loan means on our site about what you find a link to a little earlier in the text. But if you have to explain it a bit, you can say that a loan without collateral is a loan where you do not offer the lender anything in the form of collateral / collateral. A loan with collateral is, for example, a mortgage where the house is the collateral.

Then it becomes safer for the lender as they can demand that the house be sold to pay off the loan if the payments are not handled according to plan.

money loan


Since a mortgage loan has no collateral and the lender thus feels less secure, you can expect to pay a higher interest rate than you would otherwise have been able to do. The interest rate for this type of loan is often set individually after the lender has done a credit check. In general, however, a small private loan has a significantly higher interest rate than a large private loan.

What is required to take out a blank loan?

money loan

If you want to take out a mortgage loan, you usually have to have a fixed income which means that the lender considers you able to repay the loan amount. Then, as always, you should be at least 18 years old.

If you have a payment note, it can clearly put a damper on any loan application. However, it need not be impossible at all to get a loan. You can read more about it on our page about private loans and payment notes. However, you should expect that the vast majority of lenders do not accept applications from people with complaints.

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