Personal credit, what does it consist of?
This is a consumer credit and, unlike the earmarked credit, its use does not require any justification; 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, exceptional holidays ... It can also make it possible to face a temporary overdraft , Because it is less expensive than the agios.
It is therefore an accessible loan that allows to overcome a punctual difficulty or to carry out a project freely determined by the borrower.
Simplicity and flexibility of personal credit
The amount borrowed concerns sums of 500 to 21 500 euros over a period generally limited to 60 months. Subject to verification of the creditworthiness of the borrower, a credit proposal shall be drawn up specifying a certain amount of information: amount granted, duration of credit, annual percentage rate of charge, total cost of credit ... Subject to early repayment: the contract stipulates the terms and conditions 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 unpleasant surprises: the borrower knows what to hold over the duration of his commitment. The amount borrowed is paid to the borrower who then uses it safely.
To cope with the various circumstances of existence, the personal loan provides a fast, accessible and secure solution. On the other hand, for buying a car or carrying out work at home, it is better to turn to assigned credits better suited to this type of projects