Borrowing money without advice is satisfying
Nibud's research in this study shows 850 consumers about applying for and taking out a personal loan .
Nibud has been able to draw a number of conclusions from this. One of the most important of these is that borrowing money without advice, on an execution only basis, yields more satisfied consumers than taking out a personal loan with advice.
Interesting of course, but why could this be? What are the underlying thoughts of the consumer.
Borrowing money without advice is cheaper
An important difference between borrowing money without and with advice is that borrowing money without advice does not entail advice costs. The consultancy costs may be a maximum of $ 500.00 for a loan. These are costs that are not charged for advising the loan. These costs may only be charged when it comes to advising insurance. Such as disability insurance or term life insurance with the loan.
With the exception of the term life insurance, these are not actually offered when borrowing money without advice. The brokerage fee for insurance is much lower when borrowing money without advice.
This may be one of the reasons why 'borrowing money without advice is satisfactory' can be explained.
In addition, there is another important difference. You can borrow money without advice yourself. You determine which product you take out, for which term and which type of credit. This often gives you a good feeling.
Most credit intermediaries will provide you with a clear overview of the terms and conditions of the loans. Making a choice is often easy. You can immediately determine what you prioritize for your loan, and choose the right product.
This allows you to put together your loan yourself, as it were. And that is an important reason why borrowing money without advice is satisfying.