📂 Debt Management
How to negotiate with your bank to reduce interest rates
💡 Quick Tip
Your bank is a service provider. Learn effective negotiation techniques to lower the interest rate on your mortgage or loans using competition offers.
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Banks win, unless you ask
Banks prefer renegotiating with a good payer than losing them. Everything is negotiable.
Preparing for negotiation
- Know your profile: Stable income and no defaults give you power.
- Check competitors: "Bank X offers 3%, can you beat it?"
- Specific requests: Ask for lower margins or removal of unnecessary insurance.
📊 Practical Example
Practical example with real numbers
Loan of €10,000 at 9% for 4 years. Monthly payment: €250.
You bring a competitor's 6% offer. Your bank drops your rate to 7%.
- Before: €2,000 total interest.
- After: €1,500 total interest.
You saved €500 with a 30-minute meeting.
