Projects pile up in your head and you run out of money to realize them? You have probably already thought about the credit solution. Know that there are all kinds, more or less suitable for your project. We provide you with an overview of the different credits available and offer solutions to subscribe to online credit.
Borrowing money when you have projects but you can not do them right now is convenient and attractive. Many individuals are turning to this solution when they want to change vehicles, remake their bathroom, organize their wedding, change their computer or go on a trip. As you can see, these different projects are very different from each other and need to subscribe to various credits. A brief overview of what currently exists.
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Today nothing is easier than click here to go on Citrus North and learn about different types of credits. Once you have defined the type of credit that best fits your project (s), you can use an online credit comparison tool. Many sites now offer online credit simulation. Thus, by entering different information (the desired amount, the number of monthly payments, the number of monthly payments), you can get in a few clicks hundreds of loan proposals online. Then you determine the most attractive offer and decide whether you opt for an online credit or if you prefer to go to a financial institution to settle the various terms before subscribing permanently to your consumer credit. For those who do not want to panic, many financial organizations offer the online credit option and thus make it easier for individuals who are short of time or who do not wish to make a physical appointment. Who said it was difficult to credit online? Nothing more simple, and once the signed papers, to you the new life. top
What is consumer credit?
Consumer credit is a contract established between a lender (usually a bank or other financial institution) that makes available to a borrower (you) a sum of money that the borrower will repay each month for a period of time. defined beforehand. Consumer credit concerns loans that may not exceed 75,000 euros and can not be used for the purchase or construction of the real estate.
Types of consumer credit
There are two types of consumer credit: the assigned credit that finances a property defined in advance with the financial institution. In this case, the money can be used only for the purchase of the good and it is impossible to realize another project. The second type of consumer credit is unallocated credit. As its name suggests, borrowed money is not dedicated to a particular purchase. The amount is left to the free disposal of the borrower who can carry out the project he wants, or even several projects if he wishes.
With regard to the lease with an option to buy, even if it is similar to consumer credit, it is not one properly speaking. Indeed, especially used for the purchase of a car for example, the lease with an option to purchase is a lease whose amount is paid to the owner until the end of the contract and the cost of the operation is expressed not in interest rate.
The different types of credits
The best known and used consumer credit remains a personal loan. This is an unallocated credit and is therefore often favored by borrowers. Thus, the borrower can use the money at his pleasure, without ever justifying his purchases. The personal loan can be used to balance small cash flow, but also for various purchases (new computer, new car, new home appliances, leisure, travel, etc.). The duration and the loan amount are defined at the time of signing and are not adjustable later. This allows the borrower to know exactly what he has to repay.
When you subscribe to a revolving rate credit, the interest rate will be indexed to an index and may, therefore, move up or down. Obviously, this modification of the rate can impact the duration of the repayment, the monthly payments, or both.
Modular credit gives the subscriber the opportunity to change his monthly payments up or down. It is also possible with this type of credit to defer a monthly payment in case of monthly financial difficulty or to anticipate a refund.