The advantages of a personal loan at Loan Financial
Sometimes you don’t have enough cash to finance the project of your dreams. Organizing a wedding, a trip, changing cars or doing work are expensive life projects that sometimes require a personal loan.
At Finanz, we are offering you a new 100% online personal loan experience for the financing of your project; you can sign your contract remotely and directly download the documents necessary to complete your personal credit file.
This online personal loan application experience is simple, fast and transparent. A financing solution that also allows you to take advantage of a particularly attractive annual fixed borrowing rate (or annual effective annual rate). What give life to your project without having to worry about tomorrow!
What is a personal loan?
A personal loan is a credit that is said to be “unallocated”. Indeed, the amount borrowed from a personal loan does not correspond to the precise purchase of a property (car, motorcycle, real estate, etc.). Therefore, the personal loan is not triggered upon presentation of an invoice as for “earmarked” loans, but simply responds to a household cash requirement.
Ultimately, the borrower is free to use the amount of the credit as he sees fit, whether for the financing of a consumer good (car, refrigerator, food …) or for any other service.
This type of credit can be issued by a bank as well as by a financing organization specializing in loans.
The repayment of a personal loan is typically done each month. Its duration, stipulated on the contract, varies according to the amount of the loan and the financial capacity of the borrower. The monthly payments take into account the total amount of the credit and its duration, the APR (annual effective annual rate) as well as the insurance, if the borrower has subscribed to it.
Amount and duration of a personal loan
Personal loans are 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 50,000 € from Loan Financial As for the repayment period, it ranges between 6 and 84 months.
Generally, the first monthly payment occurs 30 days after the funds are made available. The exact date of collection of this monthly payment is stipulated in the contract. The organization that grants you funding can also grant you a payment deferral of 2 to 3 months, but this is not systematic.
At Loan Financial, the first monthly payment is taken on the 4th of the second month following the availability of your funds.
Good to know: a fixed interest rate
If the APR (overall effective annual rate) varies in particular according to the amount and duration of the loan, it does not change in any way along the way in the context of a personal loan. Also note: the APR includes all costs associated with the credit.
What about borrower’s death insurance?
Before granting credit, the lender may require the borrower to purchase insurance. This is not required by law. In any case, it is in the borrower’s best interest to consider this optional insurance. Because in the event of a payment incident resulting, for example, from job loss or death, the insurance company will take care of repaying the outstanding capital.
It is also important to know that, even if the lender offers to insure your personal loan, you are still free to contact the institution of your choice.
Supporting documents for a personal loan file
The acceptance of a personal loan depends mainly on the resources and assets of the applicant. It is indeed crucial to make sure, upstream, that his financial situation and his capital will allow him to face the monthly repayments.
Thus, to prepare your file, Loan Financial 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 will simply have 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.
Information required to be provided by the lender
In their offer, financial institutions are required to mention in particular :
– The identity and address of the lender;
– The duration of the contract;
– The type of credit;
– The total amount due;
– The amount of credit;
– The conditions of availability of the borrowed sum;
– The total cost of the charges;
– The existence of a withdrawal period;
– Compensation to be paid in the event of late payment.
All this information enables the applicant to know whether the credit is adapted to his financial situation and needs.
Personal loan at Loan Financial: an innovative credit solution
In Europe, Loan Financial is the only retail lending platform with its own authorisation as a credit institution issued by the Autorité de contrôle prudentiel et de résolution (authorisation no. 16488).
Of all French credit institutions, Loan Financial is the only one to offer loans between individuals, but not exclusively. The principle is simple: professional investors (individuals, but also legal entities: companies, insurers, foundations, pension funds, etc.) directly finance personal loans to households.
With this alternative and innovative solution, Loan Financial is transforming the banking system to make it fairer and more transparent with a model in which savings are used to finance personal loans to households.
In addition to the “classic” financing options offered by banks, Loan Financial puts innovation at the heart of its service to offer a cheaper**, fast, transparent and secure loan solution.
Ask for your personalised offer now!
Personal loan: the advantages of Loan Financial
For borrowers, calling on Loan Financial means benefiting from a personal loan at fair and competitive rates. Our rates are the most competitive on the market between €1,000 and €3,000. We offer exclusively amortizable personal loans, with fixed rates and constant monthly payments, with no hidden costs.
In addition, we offer you exceptional speed: our technologies for analysing personal loan applications allow you to finance a project in record time; a response in principle is given immediately at the end of your online personal loan application. Once your file is completed from your home, a final response is sent within 24 hours*.
The automation of certain loan application processes allows for objective and instantaneous decisions, avoiding biased judgements and intrusive questions.
Finally, Loan Financial opens the personal loan black box. The borrower is thus informed in full transparency and in real time of each step in the processing of his file, by SMS, e-mail and on his client space. Explanations on his personal credit and the progress of the processing of his file are provided in simple and understandable terms by our advisers who you can contact by email, chat, Facebook Messenger and Telephone! Our customer service is 100% based in France.
The funds lent come directly from the investments of our community of investors: Loan Financial has a duty to rigorously study the creditworthiness of borrowers, and in case of refusal informs them instantly.
In order to find the most attractive offer, and thus reduce the total cost of your personal loan, a comparison is necessary. To find out our rates, make a personal loan simulation directly online!
The three key points to remember about personal loans:
– The acceptance of a personal credit depends on the ability of the borrower to meet the chosen monthly payments (capital held, financial situation).
– The amount of the loan can range from €1,000 to €50,000, and the repayment period – from 6 to 84 months. It can cover the financing of a consumer good or any other service.
– Taking out insurance is not compulsory, but some lenders may require it; in any case, the choice of institution is up to the borrower.
Contact us to get your credit:
Address: Charlottenstraße 33 / 33a, 10117 Berlin / 32 Rue de Saint-Pétersbourg, 75008 Paris, France.
WhatsApp Telefon: +49 17 627 985 007 -
WhatsApp Telephone - France : +33 7 51 91 89 04
Email: firstname.lastname@example.org / email@example.com