Consumer credit is a form of financing granted to individuals by financial organizations to finance purchases of goods and services.
The consumer credit operates on the principle of a contract between a borrower and a lender, namely a specialized body or a banking institution. This credit granted to an individual allows it to finance such purchases as it sees fit. In return, it reimburses principal, interest based on a rate and optional insurance premiums.
Formulate a credit application
To apply for a consumer credit, the borrower must provide certain information. First, he will justify his identity, his marital status and his address. Then, it will have to justify that its capacities of refund allow him to honor the deadlines envisaged by the terms of the contract of ready: income, taxation, etc. Indeed, the subscription to a credit (online, in agency, in store …) commits the borrower to pay all its monthly payments, borrowed capital including interest and optional insurance.
The choice of your consumption credit
There is a large choice of consumer credit. It can be assigned to a particular purchase on presentation of receipts: motorcycle loan, car, caravan, work … etc. It may not be intended for a specific purchase: a personal loan or revolving credit is then called, the money of which can be used at the discretion of the beneficiary within the limit of the capital granted. In the context of a revolving credit, consumer credit may also include a credit card and / or payment facilities. Some financial institutions open a revolving credit facility for their clients to replace the overdraft facility.
Quick and easy steps
With Pre-finance, you can make an online consumer credit application in five minutes, free of charge and without commitment. An answer in principle will be communicated to you immediately subject to the final study of your request.