Consumer Loan

What is the consumer loan?

Consumer loan or consumer credit is the unsecured loan for the purpose of purchasing an expensive good or service (for example home improvement, travelling, cosmetic surgery, etc.).

Compared to quick loan consumer loan is usually characterized by a longer period and thorough application process. Banks may also offer consumer loans provided additionl collateral is available. Consumer loan is a financial obligation that must be repaid. Consider the loan terms carefully. As a result of loan repayment default your loan debt might increase due to reminder fees and other costs associated with the debt collection process.

Advantages of MoneyZen Consumer loan

  • Reasonable interest rate
  • Borrow up to €10 000
  • Loan period up to 7 years

Recommendations before applying for a loan

  1. Consider carefully if you really need a loan and in which amount Why?
  2. Investigate and compare the terms of several loan providers Why?
  3. All your loan repayments should not exceed 33 percent of your total monthly income Why?
  4. Make sure that you have considered all additional terms and costs Why?