To deal with inflation, more and more families are using consumer credit. According to the French Association of Financial Companies (ASF), during the first 11 months of 2022, the latter increased by 8.7%. However, obtaining a consumer loan, which is also on the most favorable terms, is not always a foregone conclusion. To increase your chances, here are some tips.
Compare offers online
Fast, free and without any obligation, online credit comparisons allow you to compete with several credit organizations and banking institutions at once. Compare credit offers via These tools are then one of the first reactions to be made Get credit at the best price.
At the end of the comparison, you are free to apply for a loan or not. The advantage, compared to a physical agency, is that the agreement is in principle sent to you instantly. This can then be validated very quickly, upon receipt of your supporting documents.
Submit your file to a credit broker
In parallel with your prospecting, feel free to contact the broker. It is even highly recommended. With its network of banking partners, this professional can negotiate the best offers for you. Take no risk: the broker’s commission – fixed or fixed according to a percentage of the amount borrowed – is payable only if you accept his offer.
Prefer a small loan amount
For a loan of less than or equal to 3,000 euros, you do not have to justify your income. The latter being the admission criterion, you are almost certain to get your funding. As a bonus, these less formal procedures allow you to speed up the processing of your file.
Still, stay alert. Interest rates – understand the maximum rate that banks and credit institutions are allowed to lend – are higher on small amounts. To give you an idea, the amortization rates on consumer loans, in May 2023, are fixed at:
- 21.16% on the amount borrowed less than or equal to €3,000;
- 11.24% for an amount borrowed greater than 3,000 € and less than or equal to 6,000 €;
- 6.40% for the amount borrowed greater than 6,000 euros.
One final tip: prepare your file in advance, by not leaving out any documents. Your request will be processed as soon as possible.
encrypted sources:
https://www.latribune.fr/entreprises-finance/banques-finance/le-taux-d-usure-plombe-les-credits-a-la-consommation-947582.html
https://www.banque-france.fr/statistics/rates-and-courses/rate-dwear/rate-dwear-mensuel
