It is no longer so difficult to borrow a lot of money nowadays. Every once in a while you see advertisements about affordable loans passing by. Even though borrowing seems fairly simple, certain conditions are always set. So you can’t just borrow a substantial amount of money.
Furthermore, it is always important that you borrow money in a responsible manner. On this page you can read more about responsible borrowing.
With most lenders you can often not borrow more than € 50,000. Yet there are still plenty of options for borrowing a higher amount of money.
Borrowing 75,000 euros
In this article we mention a few examples of lenders where it is possible to borrow such a high amount of money. For example, it is possible to take out a revolving credit with the bank. This is a flexible loan where you can take back repaid money. You can also repay the loan amount in one go, without having to pay a fine. With a revolving credit you always have some extra money. This can be useful in tighter times. If you are 23 or older, you can take out a revolving credit with the bank with a maximum loan amount of € 75,000.
Borrow money from the Credit Agency
It is also possible to take out a revolving credit of € 75,000 with the Bank. However, the term of this credit is not continuous, but 141 months. The monthly repayment amount is € 750. This revolving credit has advantages and disadvantages. The big advantage is that you know exactly where you stand. You know what it will cost. The interest on the revolving credit is around 6.3%. The disadvantage of this credit is that the monthly costs are quite high.
Borrow money from the Bank
Do you own a property for sale? Then it is also possible to take out a Flexible Mortgage Credit with the Bank. This is possible up to an amount of € 75,000. With this credit your home is considered as collateral. With this credit you can withdraw money flexibly and also repay it.
Of course there are more forms of credit where you can borrow € 75,000. You may be eligible for such a loan. Generally, loans of € 75,000 or more are covered by a mortgage.
For many people it is almost impossible to take out a loan of € 75,000. This is because the lenders often set high standards. So you have to meet many conditions. The bank wants some certainty.
Do you want to start a business and do you need money for this? Then go to the bank with your business plan and ask about the possibilities. Based on your business plan and your story, the financial advisor examines the options and how much money you can borrow.
Are you planning to buy a new car? Then you probably need a loan of € 30,000. If this amount is too low, you can of course always ask the car dealer about the borrowing options.