Additional cash for any purpose
selbank’s offer from competing consolidation loans distinguishes the possibility of increasing the debt by additional cash, which the borrower will be able to spend on any purpose. This additional possibility has been available for a long time, but recently selbank has increased the amount by which the consolidation loan can be increased to 100% of the balance of all consolidated receivables. By consolidating loans at selbank, we also have the opportunity to benefit from the promotion of liability insurance, however, unlike most other banks’ offers, borrowing does not impose such an obligation on us.
Interest, amount and repayment period
In selbank we can take a consolidation loan for 8 years for the maximum amount of PLN 180000. Both the repayment period and the amount have recently been clearly raised, making selbank’s offer even more attractive. The terms of the consolidation loan at selbank will be the same for both the customers of this institution and for outsiders, moreover, all activities can be carried out via the internet, which is an extremely convenient solution. To calculate the loan installment, we can use the calculator available on the transaction website – a very easy to use and functional tool. The loan interest rate ranges from 8.79% to 9.89%. The commission for providing the service is a maximum of 9.99% of the total transaction amount.
Consolidation loan at selbank
Actually, the only downside of selbank’s offer is the existence of more advantageous offers on the market in some respects. If we spend some time comparing the proposals for consolidation loans, we will easily find loans for larger sums, with a longer repayment period, with a lower interest rate or commission. Selbank’s offer is undoubtedly very beneficial and not without reason many experts indicate it as the best, but if any of these parameters is more important to us than the others, then we are able to find a bank that will offer us a consolidation loan better suited to our needs.