When we have a project in mind and we feel ready to do it, we often want things to go quickly. Yet, getting the cheapest consumer credit is not necessarily obvious and requires time. How to achieve it? This article tells you everything about consumer credit, how they work and tips for getting the one that will allow you to realize your dreams at a low price.
You have in mind an expensive project. Several options are available to you. The first solution is, if your finances allow you, to pay for your purchase without delaying it. This solution, by far the most ideal, remains difficult to put in place when the finances do not follow.
Another option, you can decide to postpone your purchase and put money aside each month to offer it to you a few months later. Again, this is possible if your finances allow it and if your monthly cash inflow is sufficient.
The most popular solution is the one that will be presented below. Nothing better when you can not afford the coveted object in the immediate future than to subscribe to a loan to achieve it. Consumer loans are there for that and allow individuals not to postpone a project that is important to them.
Credit consumption the cheapest
- How to find the cheapest consumer credit?
- The consumer credit, what is it?
- The two major types of consumer credit
- Cheapest consumer credit: where to find it?
The consumer credit, what is it?
Consumer loans concern loans ranging from 200 euros up to 75,000 euros which are not intended for real estate purchase. If your project concerns real estate, whatever the amount desired, it is impossible to subscribe to a consumer credit.
Apart from real estate, consumer credit can help finance any type of property: the purchase of a new vehicle, equipment for the home, the renovation of a room in your home, a trip, etc. It is intended for the financing of private property, without any relation to the professional life of the borrower. It is a credit granted by a bank (or a financial institution) either directly to the borrower or through a merchant.
The two major types of consumer credit
There are two main types of consumer credit: the assigned credit and the unallocated credit. The first is linked to a specific purchase and can only finance the latter while the second offers the possibility to the borrower to finance what he wants, even the unforeseen. These include personal loans and revolving loans.
LOA, which is found mostly in a car purchase, is similar to a consumer credit but is not really one. Indeed, it is in fact a lease whose amount is paid to the lending financial institution until the end of the contract and the cost of the transaction is never expressed in interest rates.
Cheapest consumer credit: where to find it?
You have little time to devote to administrative procedures and you want to find the cheapest consumer credit? We have the solution. More and more frequently, many websites offer individuals simulations when it comes to subscribing to a consumer credit. It could not be easier. You will get real-time rates offered by the vast majority of financial institutions and you just have to choose the most interesting rate according to your needs. Running a cheap consumer credit simulation will only take a few minutes and will not require you to move. What’s better when one is in a hurry and often taken by the time to carry out these administrative steps? This method guarantees you to find the best rate for your consumer credit and then allows you to make an appointment with the financial institution chosen to continue the process.
Comparators offer several advantages: fast, free, no obligation and accessible every day, whenever you want. Another good point for the consumer: by putting all the banks in competition, the online comparators urge them to offer competitive and competitive prices in order to attract a maximum number of customers.
Now, spending a lot of time comparing financial institutions’ quotes to find the rare pearl is useless. In just a few clicks, everyone can get the desired information. And if you only need information to obtain the cheapest consumer credit, you can also use a consumer credit calculator that calculates in a few minutes the deadlines to consider when subscribing to a credit card.