Where to find the cheapest personal credit?
Are you looking for the cheapest personal loan to finance your next projects and allow you to maintain good financial comfort?
APR, administration fees, cost of insurance… In other words, understanding the many offers, each more attractive than the next, is not always easy. Still, there are a few simple tips to find the best personal loan for you.
Personal credit, what you need to know
Personal credit is unallocated credit. Unlike the affected credit, it is an amount allocated without the reason for the loan needing to be specified. The latter is especially used if the purchaser does not yet know the exact amount of his expenditure.
Personal credit generally costs more than affected credit, but leaves more freedom. It will allow you, for example, to acquire a new car and carry out any necessary repairs, finance your next vacation, Christmas expenses, modernization work, etc.
Better understand personal credit offers
When you compare credit offers, the first element to take into account is the APR (Annual Global Effective Rate). The latter takes into account all the costs related to the credit (interest, administration costs, guarantee costs, insurance if compulsory, etc.). It is from the APR that you can really know the prices. The APR is mandatory and must be indicated on any credit offer, as well as in all advertising.
Credit organizations will also often try to sell insurance to support credit. Be aware, however, that the latter is not legally required. It may, however, be imposed in certain credit offers. In the event that insurance is required, the insurance company is at your discretion. So, if the company offered seems too expensive, you may well find a cheaper alternative elsewhere.
Insurance will rather be advised in cases of consumer credit with a high amount and long duration. This will allow you to prevent possible loss of employment, disability, illness and will protect your offspring in the event of death. On the other hand, for loans of small amount and of short duration, insurance can be avoided.
Compare, compare and compare
The consumer credit market is a fiercely competitive market with many offers. Finding your way can sometimes be difficult. To find the best offer, studying and comparing the different offers on the market is essential. As mentioned previously, it is above all the APR of the different offers that must be compared. It will tell you the final price of the credit and will highlight the most advantageous offer.
Online comparators allow you to get an overview of market offers and compare them for its users in a fast and efficient way. Be careful, however, to go through the list of all the organisms compared. Online comparators sometimes do not present all the organizations actually available on the market.
Thus, the online comparator will undoubtedly make your job easier, but it is still advisable to browse several offer sites to make sure you do not miss out on the ideal offer.
Once the organizations of your choice have been selected, all you have to do is send your credit application. Know that a credit application does not commit you to anything. Also, it may be wise to send a credit request to several different organizations. This will allow you, first of all, to compare in detail the advantages and disadvantages of each offer, but will also give you greater negotiating power and, finally, allow you to bounce back more quickly in the event that one of the offers is refused. organizations.
The development of the Internet has greatly facilitated the search for credit. No need to go to a branch, comply with opening hours or make an appointment with your advisor. Online credit has become widely democratized and the possibilities are more and more numerous. In addition, responsive telephone services, online chats and excellent responsiveness to emails have made it possible to address the lack of physical proximity. Today, with just a few clicks, the user can apply for credit.
The first step in obtaining credit is the research stage. As mentioned above, the latter is greatly facilitated thanks to online comparison services. Second step, sending the credit application. The credit application must be as complete as possible. Sending a complete credit application from the first sending will save you significant time. Once the request has been studied, it will be confirmed or rejected, the decision will be sent to you and the funding assistance sent within a few days if your request has been accepted.