Banking
Bank Loan Secrets Which Your Bank Doesn’t Want You to Know
Published by Gbaf News
Posted on July 11, 2018
6 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Gbaf News
Posted on July 11, 2018
6 min readLast updated: January 21, 2026
If you are like hundreds of thousands of people who dream of making a new home for themselves and can’t do it because the loan interest rates are too high, then you have landed on the right webpage. Here you can know the best loan secrets which your bank doesn’t want you to know. They will help you to get a loan without the usual worries. Ready, scroll down then.
Most people aren’t aware of the fact that they can ask the bank to offer the loan at a lower rate by using their negotiation skills. All the banks have customer care executives whose job is to make sure that your account is held on to for a long period.
You can call these executives and ask for a better rate. In most cases, you will get at least a 0.5 percent discount which, when turned in numbers can offer a lot of savings over the years.
Another thing that can be counted among bank loan secrets which your bank doesn’t want you to know is that you can go for the refinancing option easily and in a stress-free way. As most lenders want to hold your account for long, they don’t explain how easy refinancing is. This is probably the reason you never thought of refinancing. We suggest that you seriously think of refinancing to another lender if you are after a lower rate or more features.
If you are among those people who are tired of paying varied types of fees such as application fee, ongoing-account keeping fee or discharge fee, then you should know you can skip any or all of these fees. All you need to do is to shop around for the home loan rather than trusting your bank blindly. Many hungry lenders in the market will waive off the fee for the long term just to get your account.
In case you are among those people who want to cut down on the tenure of the loan then you should opt for bi-monthly repayments instead of monthly ones. It will ensure that you pay the loan years earlier than before and save a lot of money on interest. You can use this money to secure your future financially.
It is a known fact that a bank will charge you a high-interest rate if your credit history is not good enough to ensure that the deal is ripe enough. But what many people fail to realize is that there are many other lenders like building societies and niche lenders who offer a low-interest home loan to people with bad credit history as well. So, you will be smart to hunt up such lenders on your own and see if you can get a low-interest rate despite a bad credit history. We can assure you it’s easier than you think it is.
Now that you know about the top bank loan secrets which your bank doesn’t want you to know, we suggest that you use them for your benefit and have your dream home sooner rather than later. Good luck!
If you are like hundreds of thousands of people who dream of making a new home for themselves and can’t do it because the loan interest rates are too high, then you have landed on the right webpage. Here you can know the best loan secrets which your bank doesn’t want you to know. They will help you to get a loan without the usual worries. Ready, scroll down then.
Most people aren’t aware of the fact that they can ask the bank to offer the loan at a lower rate by using their negotiation skills. All the banks have customer care executives whose job is to make sure that your account is held on to for a long period.
You can call these executives and ask for a better rate. In most cases, you will get at least a 0.5 percent discount which, when turned in numbers can offer a lot of savings over the years.
Another thing that can be counted among bank loan secrets which your bank doesn’t want you to know is that you can go for the refinancing option easily and in a stress-free way. As most lenders want to hold your account for long, they don’t explain how easy refinancing is. This is probably the reason you never thought of refinancing. We suggest that you seriously think of refinancing to another lender if you are after a lower rate or more features.
If you are among those people who are tired of paying varied types of fees such as application fee, ongoing-account keeping fee or discharge fee, then you should know you can skip any or all of these fees. All you need to do is to shop around for the home loan rather than trusting your bank blindly. Many hungry lenders in the market will waive off the fee for the long term just to get your account.
In case you are among those people who want to cut down on the tenure of the loan then you should opt for bi-monthly repayments instead of monthly ones. It will ensure that you pay the loan years earlier than before and save a lot of money on interest. You can use this money to secure your future financially.
It is a known fact that a bank will charge you a high-interest rate if your credit history is not good enough to ensure that the deal is ripe enough. But what many people fail to realize is that there are many other lenders like building societies and niche lenders who offer a low-interest home loan to people with bad credit history as well. So, you will be smart to hunt up such lenders on your own and see if you can get a low-interest rate despite a bad credit history. We can assure you it’s easier than you think it is.
Now that you know about the top bank loan secrets which your bank doesn’t want you to know, we suggest that you use them for your benefit and have your dream home sooner rather than later. Good luck!
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