Low interest and favorable conditions
Converting a loan pays off if you have a loan with a high interest rate. Or if the conditions are not favorable. Maybe you want a different loan form or a longer or shorter term. But also a change in your personal situation or income can be a reason to convert your current loan to a new one.
Converting your current loan to a new one at Creditomor means low interest rates and favorable conditions. The interest rate is now historically low and the conditions have become more favorable: in the past you could only repay without penalty with a Continuous Credit, but nowadays you can also do so free of charge with a payday loan.
You can convert your revolving credit or payday loan to a new loan at any time and free of charge; even if your current loan is with another lender. With us you borrow money online at a low interest rate and favorable conditions.
Help with reshaping
Via our free transfer service you can convert your loan at no extra cost. You can also combine several small loans into one large loan. In both cases you save thanks to the lower interest rate and you get better associated conditions.
Convert and transfer payday loan
Converting your payday loan to a new payday loan can result in savings and therefore lower monthly payments. This is because you are offered a lower interest rate and therefore have to pay less each month. You can also choose to set a different duration. Nowadays you no longer have to pay a fine for extra interim repayments on your loan. You can transfer a payday loan at any time.
Do you prefer a variable interest rate instead of a fixed one? Then convert your payday loan to a Standing Credit. With this loan form you have more say over your loan. You do not have to withdraw the entire loan amount in one go and then pay it off. Instead, you can record exactly the amount that you need at that time each time and you decide when you want to do so. Have you repaid an amount withdrawn but do you need it again? You can take it up again with the maximum credit limit of your loan.
Ongoing Converting and transferring credit
A revolving credit can always be converted to a new revolving credit. It pays to take out the loan if you can get a lower interest rate. Or if the conditions are more favorable.
Because interest rates are now very low, this can also be a good time to fix interest rates instead of holding a variable-rate loan. Convert the Revolving Credit to a payday loan and immediately start taking advantage of the low interest rates and low fixed monthly charges. With this loan form you can also repay extra free of charge in the meantime.
Merge multiple loans
The interest that you pay for a low loan amount is higher than the interest for a high loan amount. Do you have several small loans? Combine them into one large loan: you get a lower interest rate and you have a much better overview.
Use our calculation tool to see how much you will save if you convert your loan into a loan with Creditomor. Would you like to receive a quotation for transferring your loan immediately? Request it here. Our credit advisors are happy to advise you if you have any questions. They ensure that you take out the most suitable loan.