Interest rates on loans are the lowest in the last hundred years, and experts on the banking sector's situation claim that low-interest rates will remain in force at least until 2022 or 2023. However, a lot will depend on the economic recovery from the pandemic, so if the economy grows more slowly globally, that period could be extended. Still, should people really want it to last as long as possible as if they play hot porn games on JerkDolls?
It all depends on the demand for loans and creditworthiness in the coming period. We have an announcement that, maybe, shortly there will be problems in European banking because they will face the problem of harder to collect placements. Certainly, the recovery of the economy cannot be very fast, which means that we can expect low-interest rates for a long time to come so that money is as accessible as possible to companies and citizens. Of course, it will not be accessible like free adult games.
By the way, the interest rates on housing loans at the moment range from 2.8 to 3.3 percent, and the largest part is the bank's margin. At the same time, cash loans are the most sought after on the market, which is why the race of bankers with the prices they offer has begun. Instead of the previous 12.50 percent, which was interest in non-purpose loans, banks now offer interest rates of 7.6 percent annually.
The chief economist of the Bank of Sweden, Tony Mertsina, recently said that interest rates on housing loans would start to grow significantly after 2022. As he explained, we should expect a somewhat faster growth of Euribor, the European interest rate, which is currently at a minimum level. Practically, the Euribor, which is below zero today, could amount to two percent in four years, which would raise today's monthly installment from 250 euros to 310 euros.
Many have not yet received a new increased rate after the Moratorium. The Association of Banks also estimates that the cheap borrowing of citizens and the economy from banks will take some more time. How long that period will last depends on the speed of economic recovery from the coronavirus pandemic.
Getting funds from the bank can definitely help people achieve their goals and accomplish their dreams, although before applying for them, they must certainly get familiar with the terms of a loan. While some things refer to all loans, there are also lots of things specific to the type of loan you are getting, and, of course, it depends on the institution that gives you the money. Therefore, extra research and care are highly recommendable to anyone who wants to loan money to buy something or start running a business. Luckily, in the internet era, you can do it very fast and easier than ever before.