Research shows that more and more people are taking out their personal loans via ‘execution only’.
We are happy to tell you more about money on the basis of execution only below.
What is execution only?
When you take out a personal loan through the execution-only principle, this means that you take out the personal loan with a party that only mediates and does not advise. For example, if you have sufficient prior knowledge about the personal loan, because you have read in correctly or have been to an information about personal loans, then you may not need to pay extra for getting advice on personal loans. . This is a common procedure for many customers who take out a financial product. And according to Research , the number of customers doing this will only grow in the future.
Preventing money problems is always the goal here. Recently, a survey about the personal loan was published. For 2 years 850 consumers, who had taken out a personal loan through an intermediary, participated in the investigation. The study also revealed results about execution only and a personal loan.
59% of all 850 consumers have taken out the personal loan through execution only. In addition, these borrowers are generally more satisfied with their loans. The two main factors determining which intermediary they wanted to take out their personal loan with were the speed at which everything was settled (59%) and the level of interest (58%). In addition, transparency (31%), reliability (23%) and the possibility to pay off without penalty (46%) were an important factor.
What is further striking is that consumers who closed their personal loan through execution only considered it more important that the intermediary gave them a good feeling (47%) than the people who closed the loan through advice (38%). No less than 82% of consumers compared multiple loans and lenders before they opted for a personal loan. The way in which information is presented by the intermediary also has a major influence on the choices and decisions of consumers.
Do you think about taking out your personal loan through execution only? You can compare multiple credit providers, interest rates and conditions with each other at no cost and without obligation.
You can also easily calculate your credit, duration and total costs. Then you can immediately choose the offer that appeals to you the most, then we will send you the offer by e-mail. Fast, transparent and reliable!