Between renowned banks such as BNP Paribas and Société Générale now offering their services on the Internet, new online credit companies and peer-to-peer credit platforms, it is more than difficult to choose a lending organization. Where to go? Who offers the best interest rate? Which of them provide credit services to meet our requirements? If there is no ready answer for all these questions, it is possible to deploy some tips to navigate.
Who says consumer credit says personal loans to choose
From the available consumer credits, you can choose from the different types offered. Loan companies include:
- An assigned credit: it is intended for a particular project where it is essential to provide quotes or invoices. This may include a car loan, a work loan, etc.
- A personal loan without justification: whatever your project, for this type of loan, you do not have to give proof. More flexible and easier to acquire, it can instead impose a higher interest rate.
- A reserve of money or a revolving credit: not concerning a particular project either, it is made available to the borrower as and when repayment.
Before looking for a bank to lend money, you must first determine your project and the type of loan you want to contract.
Criteria for having a consumer credit
Although consumer credit is easy to acquire, there are still conditions imposed by credit companies before granting it. They require, among other things, the solvency of his client, that is, he must have a stable and regular income. They will also look at their debt ratio and repayment capacity.
While these conditions may vary from one financial institution to another, they remain about the same. Some may ask for insurance while others do not, and so on. With consumer credit, it is possible to realize travel projects, to follow the training, to organize a wedding, etc.
Better choose your loan with a comparator
With a declining interest rate, consumer credit is becoming increasingly popular among households. In addition to being easy to acquire, it requires very little action, once the solvency is verified.
In order to find the loan offer that meets your requirements, you are asked to go through a comparator. What is the advantage of a credit comparator? This tool allows you to compare different offers offered by various financial institutions, especially at the rate, in order to obtain cheap credit. To get an idea of how much you can borrow based on your income, you can also do a simulation.