In this post we will try to give an opinion on the Variable Rate Loan, the financing that allows you to benefit from any market trends and carry out your own projects.
Well, before giving an opinion on the Variable Rate Loan it is opportune to discover some characteristics. As one can guess from the very name of the loan, it is a variable rate loan. In addition, with the Variable Rate Loan it is possible to request new liquidity even in the presence of a previous loan, but above all, this financing allows high flexibility.
But let’s find out in detail.
The characteristics of the variable rate loan
the variable rate loan is the loan designed for those who want to exploit any positive market trends with a possible reduction in rates based on the trend of the reference financial parameter ( Euribor 1 month ) and for those who can also support possible increases of the amount of the installments.
Now, without going into the merits of the convenience or otherwise of variable-rate loans, it must be admitted that the Variable Rate Loan provides two fundamental options, as well as enriching the range of loans granted by the BNL: the Loan Fixed Rate, BNL Salary Power Loan, BNL Dynamic Pension Loan.
As mentioned, the variable rate loan can adequately meet future needs, thanks to the following options:
- Reload option after only six months from the disbursement you will in fact, be able to request information from the Bank regarding further credit that you could have without special formalities;
- The faculty to request – if necessary – the postponement of the payment of one or more installments, thanks to the Flexi Option.
Variable rate loan really worthwhile?
Obviously, to give an opinion on the variable rate loan is necessary to analyze the costs. Without reporting the numerous loan examples displayed on the information sheet, we believe that the APR and TAN of this loan are quite competitive.
Furthermore, to assess whether the variable rate loan is convenient or not worthwhile it is also advisable to evaluate the unquestionable transparency and consistency of the financial institution. In short, in our opinion, the variable rate loan is worth it.