With most lenders you can easily borrow 5,000 euros. That is usually also the minimum amount that they put forward in the simulations on their sites. Thanks to such simulations you can find out how heavy the monthly repayments are if, for example, you want to borrow 5,000 euros.
People who borrow money have to take the costs into account. The annual percentage rate summarizes all those costs. In the majority of cases, that percentage is the same as the interest. This is because there are no other costs involved with an installment loan. This is the case with a mortgage loan. Consider, for example, the file costs and the estimation costs.
Maximum loan period
If you borrow € 5,000, you can spread the loan period over a maximum of 36 months. This is because the lender has to comply with a number of legal provisions. Those who borrow EUR 5,000 can choose from three maximum loan periods: 24 months, 30 months and 36 months.
Lenders sometimes increase the annual percentage rate of charge if you spread the loan over a longer period. As a result, the amount to be repaid may rise. Although the chances are very small that this is the case for people who borrow 5,000 euros.
Comparing loans pays off
Also on our site it is perfectly possible to check how much you have to pay if you borrow 5000 euros. We have put all lenders that grant loans for such amounts into well-arranged lists per loan type. In a few clicks you can find out which lender is the cheapest in borrowing 5,000 euros. Remember: Borrowing money also costs money! Borrowing money without costs is therefore non-existent.
Curious for which loans you can borrow 5,000 euros? Then be sure to compare the car loans, personal loans and renovation loans on our site.
Concrete example: The fixed annual cost percentage (APR): 6.99% (fixed annual actuarial lending rate: 6.99%), for an installment loan of € 7,300 with a term of 42 months. The monthly repayment will be € 195.72 for a total repayable amount of € 8,220.24. The fixed annual cost percentage can vary depending on the credit amount, the duration of the credit contract, the withdrawal modalities or the chosen payment modalities. Installment loan for private individuals, subject to acceptance of your file and mutual agreement. Interest rates and product conditions change regularly. Because reliable comparisons are only possible on the basis of current data, the product information (such as interest data) that we provide is often updated daily, or as often as necessary. Gradgrind itself is neither a credit broker nor a lender.