Borrowing money without BKR is more expensive
Do you want to borrow money without BKR? Keep in mind that this is generally a bit more expensive than borrowing money with a BKR check. This is mainly due to the fact that people take a relatively high risk of lending you money. Borrowing money without a BKR is more expensive than a ‘normal’ loan. Read the terms and conditions carefully and ask your lender what certain rules entail if you do not know exactly what this means. The conditions are often stricter compared to a normal standard loan. So keep a close eye on your debits because the interest you pay on such loans can run high in a short time.
Borrow money without BKR and risk
Borrowing money without BKR entails a risk for the person who lends you the money. This is mainly due to the fact that you cannot check your creditworthiness. That may mean that you can repay the loan very easily, but it can also mean that you already have a lot of debts. Since the risk of not getting back the borrowed money is relatively high, a somewhat higher interest rate is charged for borrowing money without BKR.
Borrow money without BKR and interest
In the case of borrowing money without BKR, the interest is generally somewhat higher, since that interest should not only ensure that the lender of the money can make some money from it, but it must also ensure that the money does not return. from certain customers. In principle, you pay a higher interest rate to ensure that there is enough left over when others are unable to pay off their debt. Borrowing money without BKR therefore has a higher interest rate than the loans that are available with a BKR check. In that respect, you pay for the risk that you run by not performing BKR checks.
Borrow money without BKR and duration
The costs of borrowing money without BKR are of course also highly dependent on the term you choose. With a longer term you have the option to repay the borrowed amount for a longer period of time, but it also ensures that the total cost of borrowing money without BKR will be higher.