TERMS OF OFFERING CREDIT

 

Want to know the terms of acceptance to obtain a personal loan? CEFINO answers all your questions.

Before granting you a personal loan, the credit institutions check that you fulfill their acceptance conditions. The most common acceptance condition is your repayment capabilities. To do this, you must demonstrate using various documents and supporting documents that you have the repayment capabilities necessary to pay your monthly payments serenely.

Available income

The first step is to calculate your disposable income: wages, retirement, rental rent, dividends from your company, compensatory allowance, unemployment benefits, allowances, etc. You can thus fulfill the conditions of acceptance, even if you are self-employed or looking for a job. Typically, the credit agency asks for more supporting documentation to verify that your repayment capabilities will be stable over the long term.

Your personal expenses

In a second step, your expenses are deducted from your disposable income in order to obtain your monthly repayment capacities. These capabilities must be sufficient to pay the monthly payments of your personal loan while allowing you to cope with the expenses and small unforeseen of everyday life.

As "expenses", it takes into account your rent or monthly payments of your mortgage, your energy costs (EDF, etc.), taxes, maintenance, etc. To calculate them, your personal situation is also taken into account: family status, number of children, status of owner or tenant, etc.
Once the data is reconciled, credit agencies will know your repayment capabilities accurately and will be able to assess whether or not your file matches their terms of acceptance.

The necessary documents

Some documents will be requested from your first appointment, to find out if an agreement in principle is possible. Of course, you will need to provide a valid ID. Attention, the driving license is not an identity document. You must also bring with you a proof of address of less than three months, your last three payslips or proof of income and allowances, your employment contract or any other proof of your worker status, as well as a proof of your loan application if necessary.

If you meet all the eligibility requirements and are able to provide these documents below, all you have to do is get started. CEFINO will accompany you in this need.