If you are planning to buy a new car, there will not be a better time. The reference interest rate of the Yellowline Bank fell to 1.5%. WIBOR (1.65%) also falls down. This is the interest rate that causes banks to borrow money from each other. This is a consequence of the so-called Anti-usury Act, which says that no bank or loan company can take from the client interest higher than four times the NBP lombard rate, which is currently 2.5 percent. Is that good For anyone who dreams of a new car, apparently, there could be no more favorable solution.
Car loans are now more popular than ever before
Paying attention to ratios, together with the margin imposed by banks, they constitute the nominal interest rate on consumer loans. As a result, in this case it is not recommended to accumulate any savings, because all deposits reach very low interest rates. However, this is a very good time to take out loans, see which ones are the best on 17banków.com, thanks to this ranking you will learn about current offers.
Interest on car loans
Car loans are often the only solution for those planning to buy a new car. However, it is worth learning a few rules that will help you choose the best one. In practice, the nominal interest rate on a car loan is several times higher than the NBP reference rate. However, as it turns out, cooperation with specific car dealers can be very helpful here. Supported mainly by so-called busses or motobanks, salons, offer promotions related to nominal interest of 4-6%, while in bank branches reach 6-10%. There is, however, not a bad thing, which would not turn out well, because the nominal interest rate of each of the consumer loans taken out cannot be higher than 10% per annum. The time to take out loans to use us to buy a new car seems to be perfect. However, do not act lightly. Before you decide to sign a contract with the bank, you should familiarize yourself with all the possibilities available on the market. Thanks to the Internet access we can use the offer comparison engines and thanks to them choose the one that suits you best.