Why a personal loan at Finance up?
A loan for what?
To finance the dream project, organizing a wedding, a trip, changing cars or doing work are expensive life projects that sometimes require a personal loan.
A 100% online loan
You can sign your contract remotely and download directly your documents necessary to complete your personal credit report.
A financing solution that allows you, in addition, to enjoy a particularly attractive rate. What give life to your project without having to worry about the next day.
What is a personal loan?
A personal loan is a credit that is said to be “unaffected”. In fact, the amount borrowed from a personal loan does not correspond to the precise purchase of a good (car, motorcycle, real estate, etc.). Therefore, the personal loan is not triggered at the presentation of an invoice as for the credits “affected”, but simply meets a need for household cash.
Ultimately, the borrower is free to use the amount of credit as he sees fit, whether for the financing of a consumer good (car, refrigerator, food …) or for any other benefit. This type of credit can be issued by a bank or by a lending institution.
Repayment of a personal loan is usually done every month. Its duration, stipulated on the contract, varies according to the amount of the loan and the financial capacities of the borrower.
The monthly payments take into account the total amount of the loan and its duration, the APR (annual percentage rate of charge) and the insurance, if the borrower has subscribed to it.
Questions about the personal loan?
Amount and duration of a personal loan?
The personal loan is governed by the Consumer Code, which defines a minimum and maximum duration and amount. As such, it allows you to borrow from € 1,000 to € 200,000 at Finance up. As for the repayment period, it ranges from 1 to 20 years. In general, the first monthly payment comes 30 days after the funds are made available. The exact date of deduction of this monthly payment is stipulated in the contract. The organization that grants you the financing can also grant you a payment deferral of 2 to 3 months according to your needs.
At Finance up, the first monthly payment is taken on the 5th of the third month following the availability of your funds
Supporting documents to build a personal loan file?
Editing your file at Finance up requires the supporting documents required by law or in accordance with the practices of banking institutions. Nevertheless, we will not ask you to provide original documents: you only need to download your supporting documents on our platform. Finally, you will be asked to provide a complete file in order to obtain a loan offer.
What about the borrower death insurance?
Before granting credit, the lender may require the borrower to purchase insurance. And this, although the law does not impose it. In any case, it is in the interest of the borrower to think about this optional insurance.
Because in the event of a consecutive payment incident, for example, a job loss or a death, the insurance will be responsible for paying back the outstanding capital. It is also important to know that even if the lender offers you to insure your personal loan.
urs important de savoir que, même si le prêteur vous propose d’assurer votre prêt personnel.
The information to be provided by the lender?
In their offer, financial institutions are required to mention in particular:
- The identity and address of the lender
- Duration of the contract
- Credit type
- From the total amount due
- The amount of credit
- Conditions for making available the sum borrowed
- Total cost of fees
- The existence of a withdrawal period
- Compensation to pay in case of late payment.
All this information allows the applicant to know if the credit is adapted to his financial situation and his needs.