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At what rate can I borrow?

Need a loan? You ask questions, and one of your biggest concerns is the rate of your loan?

Above all, do you know which financial institutions to get these rates you propose?

You already have found a variation rate seeking the best terms for your financial funding. You're probably already in a situation where your advisor offering lower fees, guarantee cheaper, but could not lower the credit rate, while a nearby bank offered you a rate more attractive . You even consulted numerous websites which indicated different levels of credit available on the market. Why this change in rate from one bank to another and even between different regional branches of the same bank?

Several factors affect interest rates. In setting these rates, banks take into account the cost of borrowed money they borrow on the interbank market, their intermediation margin, assessing customer risk (risk of default on the financing provided) and structure of the loan (duration, delay ...).

order to offer loans, banks use the savings and deposits of their customers and if they lack cash, they borrow them on the interbank market domestic banks and credit institutions in which agents can borrow cash deficit agents in surplus cash. Interbank lending operations are generally short-term investments to short-term (mostly overnight, a day-). In the euro area, these loans are for reference of the EONIA rate plus a margin (spread), which corresponds to risk and hence the quality of the signing of the borrowing bank.

Another factor is the risk of default by the client. To assess this risk, banks take into account income, assets, operation of accounts and personal situation of the client.

Finally, the credit rate depends on the type of loan requested. The rate of borrowing for a consumer loan is different than a loan habitat. The rates are even higher than the loan term is long.

and Sonia Margarita