According to a study carried out by Cofidis with the CSA institution, nearly 8 out of 10 French people have already had recourse to a bank loan or from another organization specializing in loans to finance their projects. Still according to this study, 1 in 5 French people would borrow money from a bank or credit institution at least once a year, for an average amount of €4,800. This shows that borrowing is part of the habits of the French even if many see this practice with a dim view, because of the interest rate deemed too high. If the credits are in most cases intended for the financing of movable property, as well as for the purchase of a car, the number of French people who take out personal credit or consumer credit tends to increase. This type of credit is generally used to finance the purchase of household appliances, computers, telephones… But you can also take advantage of it to make a trip! Today, I will shed light on personal credit and the criteria to take into account to choose it well.
The personal loan is a good way to finance any type of project, except the purchase of real estate. It is therefore particularly suitable for financing a trip.
It is an unaffected consumer credit, that is to say that you do not need to present an invoice or other proof of use to obtain a personal loan, unlike an affected credit. . It simply meets a household’s need for cash. You are free to define the amount you wish to obtain, whatever the reason for your loan. Most banks like other lending organizations offer personal credit, but the repayment period will be spread over 3 to 84 months depending on the amount you have borrowed and your repayment capacity.
Why take out a personal loan to finance your trip ? Because the conditions are fixed, and therefore remain stable throughout your contract. You will know in advance the amount you will have to pay each month and the duration of your repayments. Another advantage: the interest rate is much more attractive than that of other credit solutions, to name only revolving credit! The cost of the Annual Percentage Rate (APR) depends on the duration of your repayments, but it does not increase along the way as it can with other financing solutions .
The faster you repay, the lower your interest rate will be. Personal credit is governed by the Consumer Code . Its minimum amount is €200 while the maximum amount is €75,000, but some lending organizations and banks may apply their own minimum and maximum amounts and repayment terms without derogating from the Consumer Code.
The world is full of wonderful places just waiting to be discovered. If like most French people, you dream of traveling to discover the world in all its splendor at least once in your life, or to explore job opportunities, personal credit is the solution to make your wish come true. No need to wait years to save before you can live your dream.
You can obtain financing shortly after your credit application without having to provide any proof. Some organizations offer to give you an answer in less than 24 hours. With personal credit, you have the possibility of retracting within 14 days after signing the contract, in the event of a change of mind. Once this time has passed, the funds can be released and all you have to do is pack your bags, provided of course that you have already chosen your destination. The lender has 7 days to give you an answer to your credit application. In general, the first monthly payment is taken the month following the signing of the contract. To get an idea of the amount you can borrow and that of your repayments, you can use the personal loan calculation tools on Younited Credit.
To enjoy your trip serenely, it is in your interest to choose the right personal loan . If the bank is the best known and most requested financing solution, the French are currently turning to other solutions in order to benefit from a lower interest rate . In any case, you will need to compare several offers in order to find the best one. For this, you can call on a broker, who will be responsible for playing the role of intermediary between you and the financial institutions. He will thus make sure to find you the credit that best meets your needs and your situation and will bring the competition into play.
On the other hand, you are able to find an advantageous travel credit without having to resort to a third party. You just need to do your own research, by turning to the internet. Indeed, it is currently possible to apply for a personal loan 100% online and to carry out all the procedures without having to move from your home. You can also sign the credit agreement remotely. Practical, no? You are probably wondering if this is really a reliable and secure solution. I also wondered about this, just like you. Know then that there are indeed serious online banks offering personal loans! In addition to saving you from traveling, this solution allows you to take out fair, transparent personal credit as quickly as possible with an innovative system.
Choose an online bank that has a banking license , which will allow you to have the guarantee of the seriousness and reliability of the platform. It also allows you to have peace of mind about the protection of your personal data.