Personal loan: the credit you need for all your projects.

Personal loan: the credit you need for all your projects.

Want to carry out a project? Whether you want to do work in your home, buy a new car, prepare for a wedding, or go on a trip, the personal loan can help you finance all these projects. Borrowing gives you advice to make your projects a reality with this type of financing.

What is a personal loan?

What is a personal loan?

The personal loan is simply a form of consumer credit. Its operation differs from other consumer loans, however, such as restricted credit, rental with option to purchase (LOA) or revolving credit.

The personal loan offers great flexibility compared to other credits that are linked to the good or service they finance. Except for revolving credit which is a reserve of money available to the borrower. With a personal loan, you do not have to justify the use of funds and can realize several projects at the same time. The establishment lends you the requested amount, which you receive on your account and which you can spend as you see fit: household appliances, work, car, leisure, etc. However, the amount cannot exceed 75,000 USD.

Calculate the overall amount you need

Calculate the overall amount you need

It is also advisable to take out only one consumer loan rather than multiplying them. If you have several projects, remember to calculate the total amount you think you will need and then request this amount from the bank.

Several consumer loans, this indeed means several monthly payments and different rates and / or borrower insurance contributions. Not easy to find your way around at the end of the month.

Personal loans represent an important part in the production of consumer loans

Personal loans represent an important part in the production of consumer loans

This consumer credit represented nearly 7 billion USD of production in the first half of 2017, according to the French Association of Financial Companies (ASF). This amount even represents an increase of + 3.3% compared to the same period last year.

Personal loan is also the type of credit whose production is the highest (against 4.9 billion USD for assigned credit, 4.8 billion for revolving credit and 3.4 billion for LOA).

The comparison of personal loans: is an essential step

The comparison of personal loans: is an essential step

To obtain the most favorable conditions for your personal loan, do not hesitate to call on a credit broker such as Good Bank. Thanks to its personal loan comparator you can get the best rate for your loan.