Taking out a loan is the ideal solution to finance a project or solve temporary difficulties. A request for credit requires taking into account certain important elements in order to avoid the pitfalls that such a device can conceal. We will therefore see here the different types of existing credit, the procedure to follow to see your request succeed and the way to choose your credit organization.
TYPES OF CREDIT
The first thing to determine is whether you want to apply for credit online or a paper request from a bank. An online request can be made at home more quickly: there is no significant difference with a paper request. We can then move on to choosing the type of credit requested. There are two main ones: personal loan and revolving credit. The first corresponds to a specific project with a fixed schedule to be honored, while the second constitutes an evolving cash line intended to meet everyday expenses. Other procedures are also available online, such as mortgage credit, credit consolidation or professional credit.
THE CHOICE OF THE CREDIT INSTITUTION
There are a large number of credit institutions offering to take out offers online. Financing requests are accessible via most banking organizations’ websites. In most cases, applying for credit is done online very quickly, in about fifteen minutes. The funds can be accessed within a period of between 48 hours and 10 days depending on the bank. To find the organization that best suits your needs, do not hesitate to use our free loan simulator giving you access to the best rates on the market.
WHAT TO DO
For any request for fast credit, it is necessary to fill an online form. This is to provide personal information, obviously correct, including name, date of birth, address and income. This is an operation that can be carried out very quickly on the site of any banking organization offering this type of form. A credit request without proof will ask to provide more information, in particular on his professional and family situation, as well as on his sources of income. Based on these elements, a reimbursement capacity will be determined as well as the amount of the installments to be paid.
ELIGIBILITY CONDITIONS AND DOCUMENTS TO PROVIDE
A loan request can only succeed if the borrower meets certain conditions allowing him to be eligible for a credit. He must in particular be of full age, have his civil rights and be solvent, with a debt ratio of less than 33%. Several documents must also be provided to validate the request: a photo, an identity document, proof of address and the last three pay slips.