Consumer Credit Simulation
You have one or more projects and consider, as such, to subscribe to a credit conso? Many households buy a good or service on credit via a consumer loan, without taking the time to look in detail at the different offers in this area.
To benefit from an adapted solution that best meets your financing needs, nothing better than a consumer credit simulation. Creditstair allows you to do it directly online, in one simple step.
Definition of the consumption credit
A consumer credit is a financial product granted to individuals by a bank or credit institution. This type of loan allows households to settle their personal projects, whether it is the purchase of property (excluding real estate) or the financing of services.
It can therefore involve the purchase of a car, renovation work, a trip around the world, the purchase of household appliances, or any other project done in a personal capacity. Creditstair offers an innovative consumer loan, as it works on the principle that funds used to finance loans are collected from professional investors and redistributed in the form of credit to individual borrowers.
Amount and duration of a consumption credit
The amount of credits granted by Creditstair is between 1,000 and 50,000 euros. The minimum repayment period is 6 months. As for the maximum duration, it is 84 months, or 7 years. The duration is mainly conditioned by the sum borrowed. In this sense, the consumer credit simulation is very useful to the borrower.
Based on his financial capabilities, it allows him to know the monthly payments he will pay, with the interest rate, but also to accurately determine the total cost of the loan.
In fact, each monthly payment includes part of the capital repaid on the one hand, and interest due on the other. This is known as the annual percentage rate of charge (APR). Unlike the nominal rate, this one includes all the costs related to the credit, namely:
- Bank interest;
- The application fees (costs applied by the bank or the credit institution, or commission of broker);
- Warranty fees;
- The cost of insurance (optional);
- All other fees imposed for obtaining the loan.
The APR is therefore a decisive element, which must serve as a basis for comparing offers. Also note that the rate of insurance, if you join, will be included in monthly payments.
Consumer credit forms
There are many forms of consumer credit. Among the most commonly subscribed, we find:
– The personal loan: the borrower is free to use the amount of credit as he wishes, without proof.
– The credit allocated: conversely, this type of credit must be used to finance a specific movable property or service. The future buyer can then, for example, take out a car loan, a work credit, a travel credit, or a marriage credit.
Good to know: the benefits of the affected credit
An assigned credit automatically cancels if the sale does not occur. Similarly, the contract of sale is considered null and void if the loan is not accepted by the bank or the credit institution.
– The revolving or revolving credit: this form of consumer credit consists in making available to the borrower a sum of money, which he can use and reconstitute as he sees fit.
If the first two types of conso credits have a fixed rate, this is not the case for revolving credit. This makes it a particularly dangerous financial product. That’s why you will not find it in Creditstair offers. Buy on credit, yes, but without risking putting your budget at risk!
Supervision of consumer credit
If the credit institution (whether a bank or a specialized body) has an obligation of information vis-à-vis the borrower and must therefore provide a specific offer, mentioning in particular the total cost of credit, the interest rate charged and the amount of monthly payments, the said borrower also has homework.
To enable the lending company to assess its repayment capacity, it must mainly provide all the supporting documents requested (pay slips or, failing this, the latest tax notice, property tax notice, etc.), but also report the existence of credits in progress.
The borrower also has rights. In particular, he has the option to withdraw within 14 days after the signature of the contract and, in certain cases (as part of a revolving credit, for example), to make an early repayment without penalties.
The interest of the loan for consumption
Like many French households, it is likely that you are looking for funding for one of your projects. If you do not yet know the exact amount of your credit, you can definitely set a forecast range for that amount, and apply with a slightly higher amount as a precaution. Thus, you can easily consider the completion of your work in your apartment, or the purchase of a used vehicle. To quickly find out the total cost of your consumer loan, Creditstair also provides you with a calculator to calculate your consumer credit.
To sum up, Creditstair Consumer Credit has many benefits:
- Free online simulation without commitment
- An immediate policy response if your request is pre-accepted.
- A definitive answer in less than 24 hours! *.
- Flexible repayment between 6 and 84 months.
The operation of the simulator
It is possible that you seek to finance a personal project, like many French families. If you already know the amount of your project, just start the simulation right away.
First, you must select the type of project: appliances, furniture, travel, vacations, etc. Then, you must indicate the amount you need to complete your project, as well as the repayment period that suits you best. To begin your simulation of consumer credit, you only have one thing left to do: click on “simulate this loan”. It’s a free, no-obligation approach that only takes a few minutes and a few clicks.
All you have to do is answer a few questions and then add some information about your project and your personal situation. This concerns in particular your professional situation (sector of activity, trades…), or personal (for example, if you are single, married, divorced or if you have dependent children).
This information lets us quickly provide you with an answer in principle at the end of the simulation regarding your application, and this will allow you to compare your credit online directly.
What to do after simulating your consumer credit?
After performing a credit simulation, you just have to click on the button “validate my personalized request” to confirm it. Then you will receive your credit contract offer by mail to your home. But you can go faster by printing your credit agreement directly.
Whatever your choice, you will then have to send your duly signed file with photocopies of all the required supporting documents (national identity card, last payslip, last statement of transactions of your bank account, last notice of payment). imposition, as well as an original RIB). To go further, you can consult our current page on the consumer credit market today in France.
Do not hesitate, make a simulation of consumer credit online, and for free and in a few clicks from our platform. Once you have received your personalized offer including information about the total cost of the loan, the interest rate and the monthly payments, you can compare it with other offers, then take the time to position yourself. It is a condition sine qua non before subscribing a credit, whatever it is.
You can then realize your project in calm conditions.
The three key points to remember about consumer credit
- This type of loan concerns all transactions, except those relating to real estate.
- It can take different forms, depending on the needs of the borrower (personal loan, car loan, credit works, etc.), and may or may not be accompanied by insurance (this is not an obligation).
- As a consumer credit, it is possible at Creditstair to borrow between 1000 and 50 000 euros, repayable within a period of between 6 and 84 months.