A beautifully landscaped flower garden or vegetable garden is increasingly becoming the focus of garden enthusiasts. If the garden had been treated as a stepchild for a long time, it now blooms again in all its beauty. Trees, shrubs and flowers are planted, but the vegetable garden is also very trendy. Seating groups invite you to linger comfortably. Of course, a small pond with residents should not be missing. But a garden not only brings joy, it also costs money, especially when it comes to garden design. Many customers then opt for a garden design loan.
The changing garden
It is not only the benefit that can be drawn from a garden, it also increases the value of a property and signals prosperity. Garden design brings with it not only a question of money but also of age. If you look at the garden of young families with children, you will find sandboxes, swings and bouncy castles.
Garden design can be too complex and therefore not too expensive, because young families in particular still have a small income. Also with regard to the care of children, because these costs should not be underestimated. A small family loan is enough for young families to make the garden child-friendly.
The garden friends in the middle phase of life have children and can design the garden according to their special wishes. We are thinking of a garden house that also offers overnight accommodation for guests. The garden furniture may cost something, after all you can now afford something. The house will soon be paid for, now the garden can cost a little more. The loan for garden design will be somewhat higher at this age.
Retirement has been reached, here it starts to tweak, there you can no longer bend down properly. The garden as it was created a few years ago is now doing too much work. You decide to create the garden in an age-appropriate manner. Often this work can no longer be carried out alone and help is needed. But you still want a beautiful garden in old age and you hire a professional. However, this costs and since the pension is not too generous, a loan for garden design is thought of as a small loan.
For the garden design that does not cause such high costs, many customers use their disposition. Banks provide the overdraft facility to their customers who have a regular income or a pension at their free disposal. As a rule, the banks approve up to three net monthly salaries. However, the overdraft facility should only be used if it can be adjusted again soon.
The overdraft interest rate is between 12-14% and is an expensive affair. Branch banks or the house bank calculate this high overdraft interest. There is currently an absolute low interest rate phase, but it has not reached the overdraft rate. Banks make huge profits from it. If the overdraft facility can be compensated for soon, there is ultimately no reason to use it.
But experience has shown that it stops and adds up month after month until the salary or pension no longer covers it. At the latest then you should think about an installment loan, which is a lot cheaper.
A loan for garden design is actually an installment loan. The customer can visit his house bank, but as experience has shown, the house bank is not the cheapest bank, here the online bank offers much better conditions. But if you value a personal consultation, you are in good hands with the house bank.
Direct banks offer significantly better conditions on the Internet. With a credit comparison, the customer can find a suitable and affordable provider. The customer will find the best banks at the top of the list. If the decision for a provider has been made, the loan for the garden design can be made directly via the loan comparison.
Not all customers receive the interest rate that the customer sees at the individual provider. Interest is usually calculated depending on the creditworthiness, which means that whoever has a good creditworthiness also receives a favorable interest rate and vice versa. The customer gets the real interest rate with a personal offer.
Loan terms for landscaping
If you are only looking for a small loan up to around 3,000 USD, you can get a small loan with an interest rate of 1.99%. The terms are found at 12 months and 36 months. The customer can choose these freely. The customer should know that a long term brings a higher interest rate, but the rates are lower and often affordable.
Anyone who decides on a correct garden design can no longer get by with a small loan. There are already up to 10,000 USD and more. A garden house on a solid foundation alone costs up to 7,000 USD and often even more depending on the equipment. The loan of 10,000 USD can be granted at an interest rate of 4.99%, regardless of the creditworthiness, the term is 60 months.
The credit rating for the loan for garden design
Before banks approve a loan, large or small, they check the creditworthiness of the customer. This examines the income, which should be sufficiently high and should have an attachable share of at least 100 USD. The Credit Bureau should be unencumbered and have no negative entries.
It is also important to have a permanent position that is not limited and does not include a trial period. The employment contract should exist for at least one year. Of course, a pension can also be viewed as income. A single person should earn at least 1,100 USD net. With every person living in the household, the garnishment-free limit shifts upwards.
There is no specific loan for the design. A normal installment loan can be applied for free use. If the customer turns to their house bank and they offer an acceptable loan offer, the customer can also take out the loan there. Experience has shown that the direct banks provide the better conditions. If the customer does a credit comparison, he will find that out.
Last but not least, the bank will also check the customer’s expenses in addition to the income. It compares the income with the expenditure and, in the best case scenario, there is financial scope.
The customer can apply for the loan online, simply and conveniently. If the customer can meet the conditions of the bank, the customer can receive the loan for the garden design.