It is a consumer credit and, unlike the credit allocated, its use does not require proof; it can therefore be used for all types of private projects: the acquisition of a home cinema, the furnishing of a new room of the house, an exceptional vacation ... It can also help to cope with a temporary discovery because it is less expensive than agios.
It is thus an accessible loan which makes it possible to overcome a specific difficulty or to realize a project freely determined by the borrower.
Simplicity and flexibility of personal credit
The amount borrowed concerns sums of 500 to 21,500 euros for a period generally limited to 60 months. Subject to verification of the solvency of the borrower, a credit proposal is established by specifying a certain amount of information: amount granted, credit duration, annual percentage rate, total cost of credit ... The personal loan can do the same. subject of early repayment: the contract provides for the terms and any compensation due. Finally, the borrower has 14 days to retract if he changes his mind after signing the contract.
A reassuring device
The personal loan is a depreciable credit: when interest and principal are repaid according to the schedule in the contract, the borrower's commitment ends. And above all, as the rate is fixed, there are no surprises: the borrower knows what to keep for the duration of his commitment. The amount borrowed is paid to the borrower who uses it then safely.
To cope with the various circumstances of existence, the personal loan provides a quick, accessible and secure solution. On the other hand, when buying a car or carrying out work at home, it is preferable to turn to earmarked credits better suited to this type of project.