However, a close comparison should be made, as interest rate differentials between the branches are considerable. Costbank emerged as the test winner from the study. The financial institution has the best internet presence with very extensive information and features on installment credit. Table of contents Car Loan Cash Loan Private Loan for Unemployment Loan without credit bureau Real Estate Financing for very bad credit bureau Installment Loan Instant Loan Forced Car Loan Do you need a car loan? Cheap installment loans are also offered as instant loans by internet banks, which can be applied for directly over the internet.
Big interest rate differentials: The best installment loans
Cheap interest rates and good credit options are not mutually exclusive. However, a close comparison should be made, as the interest rate differentials between the branches are considerable. Whether new car purchase or renovation – many consumers use the financing option of an installment loan. Bank branches are very popular among our customers, who rely on individual on-site support.
The analysis of 15 large bank branches revealed significant deviations in the effective interest rate. In product analysis, three banks achieved the quality rating “very good”. On the other hand, there are five companies that have achieved a sufficient result only in the interest and credit sectors. Important for the consumer: For many credit institutions, the interest rates for installment loans were the same, regardless of whether they were taken up at the bank branch or in the network.
As a rule, however, improved the service of the offices – on the ground, by telephone, e-mail and on the intranet.
The bank branches offer a satisfactory service quality. Market research expert dr. med. Markus Hämmer: “Strangely, the branches offered the best average service on the net – many online appearances impressed with their ease of use and their high information value.” With the rating “good”, the bank emerged as test winner from the investigation. In 2006, the bank was awarded the title “good”. The product analysis achieved a very good result.
The cheapest offer for car loans offered the house bank.
In the consulting sessions on site, the test winner scores with a detailed customer needs analysis. Costbank also achieved good results with its internet presence and telephone service. Second place went to the German National Bank, which received the rating “good” both in the overall result and in product analysis.
In the service industry, the company was the second-best performer in comparison to other providers, with little impact on the “good” rating in the study area. Third was Gernu Bank (quality rating: “good”). In product analysis, the house bank achieved the highest result, among other things due to the generally good interest rates. In the performance analysis, the house bank has developed satisfactorily.