Do you want to find external financing for the purchase of household appliances or a car, a trip, a wedding or any other project? It is now possible to obtain credit without a bank thanks to the loan system between individuals. I invite you to discover the specificities of this formula.
The loan between individuals is a new system through which you can obtain credit to finance your project without going through the bank. You then contact a creditor or a private investor who assesses your file before deciding whether or not to help you. Many online platforms now offer to put you in touch with trusted people who can meet your needs.
According to the very principle of the system, the loan between individuals is mainly aimed at lenders who do not wish to go through banking institutions. The reasons are numerous, in particular the duration of the release of the money or the interest rate and/or the sometimes high fees. You can also choose this option if your request for financing has been refused because of insufficient income or insufficient guarantee, for example. Finally, it is especially suitable for one-off projects during the year such as the purchase of equipment or the financing of an event.
You must be over 18 to be able to apply for a loan between individuals. You then fill out a form on the sites where you generally indicate your identity, your profession, your financial situation (salary, charge or even current credit), the nature of your project and the amount you need. You will also need to provide a valid email address. Note that the steps to follow vary depending on the platform.
The lender begins by studying your request. You then receive a form to complete as well as the list of financial documents to provide if he decides to give you credit. The creditor defines the terms of the contract in particular:
Negotiation is sometimes possible. Finally, the amount requested is generally released within 48 hours.
The loan between individuals saves you bank charges which can sometimes be high. This new system also saves you travel and therefore saves considerable time. The majority of the procedure is indeed carried out online. Finally, you get the money you need faster.
Credit offers without a bank are flocking to the Web today. However, I recommend that you be careful, because there are also many scams. Be especially wary of platforms that do not ask you for financial proof and that do not have a physical address. In short, I strongly advise you to carry out your little investigation before committing yourself.
Credit without a bank is more advantageous for one-off needs such as the purchase of a car or the financing of an event. However, you have to be careful, because there are a lot of unreliable sites.