A personal loan for your projects
The personal loan is part of the most common and most requested consumer credit. Unlike the car loan or the credit for work, it does not ask how the amount obtained will be used. Almost all credit institutions offer it.
Acquisition of a personal loan with or without proof
Normally, a personal loan is obtained when the borrower presents the supporting documents requested by the creditors. It is often difficult for borrowers to provide these documents. But currently, you can get a personal credit without proof of use.
To obtain it, credit institutions still need a few files such as identity document, proof of address, an income statement or a pay slip, and a bank identity statement or RIB. A final tax notice can also be requested.
Characteristics of the personal loan
Personal loan belongs to the category of unrestricted loans. The law which governs it is similar to that of consumer credits. We can anticipate the repayment without any penalty. For this kind of loan, you can get up to 20,000 US dollars. The monthly payments are from 12 months to 60 months.
The personal loan is based on a fixed APR rate. To find the best rate, you can do an online comparison. To do this, we connect to a site of a credit institution or a bank, we will surely find a credit comparator, we click on it and we will have all the results. Just choose after. The result you will find there will be based on your personal criteria.
It is easy to get a personal loan without proof
As we mentioned above, banks or creditors do not ask how the amount loaned will be used. But banks can ask for a salary statement. So, finding a personal loan without proof is easy. However, it is difficult to find the banks that offer the best rate. In addition, the selection criteria are often too demanding for borrowers. To be able to find the best deal, using the online credit comparator is the best solution.
It should be noted that in the personal loan, the interest rate is quite high. This may be because banks are at risk as borrowers may not be able to repay. However, some credit chains offer more profitable terms.
Methods to get a cheaper personal loan
You have probably placed your savings in a bank or other financial institutions. Well, you can negotiate a rate with your regular bank. To get a satisfactory answer, be loyal to your bank.
Banks or creditors often launch promotional offers before big moments such as back to school or the holidays. Take advantage of these offers to apply for credit. This is especially when the rate is reduced.
Start negotiating your personal loan again if you find a large difference in the rate between when you took out your loan and now. You can definitely report it to your banker and get a reduced interest rate.
You can also ask for information on the lowest personal credit rate that other creditors offer and you can negotiate with your bank account manager.
Personal loan without a bank is also possible. This means that the loan is made between two individuals without the intermediary of the bank. This will also avoid administrative costs. You just have to get the lender to understand the repayment system.