Do you want to renovate your kitchen? Your old car needs to be changed? Want to go to the sun? You do not have the finances to carry out your different projects? One solution: the personal loan. Still, if the latter has many advantages, it is nevertheless necessary to ask the right questions before taking the plunge. Or, at least, the 5 questions that we detail in this article…?
Where am I going to buy my personal loan?
Many people rush to their bank without even bothering to compare different offers. This is a big mistake! When it comes to credit, you always have to compete. It is this way and only in this way that you can be certain to enjoy the best conditions.
It is therefore strongly advised to pass the door of several banking organizations before stopping your choice on a particular offer. For convenience, you can also contact a brokerage agency working independently with many banking companies. What is Crédit Wallonie!
Amount of the loan = amount to pay?
Many people do not know it, but the value borrowed is not necessarily equal to the amount you will have to pay. Attention indeed not to neglect the expenses of file and other additional costs.
These different expenses must also be taken into account in your comparison to find the most advantageous offer!
Am I entitled to a withdrawal period?
You should know that the law provides for the subscription of any personal loan a period of reflection also called withdrawal period. This period is 14 days and is short as soon as the contract is concluded.
If, for any reason X or Y, you wish to assert your right of retraction, you would only have to send a registered letter to the lender in which you explain your decision, and this, of course, in the famous delay of 14 days.
Can I repay my loan early?
Be aware that you are still allowed to repay a personal loan early. However, the lender could nevertheless demand compensation to compensate for the loss of interest that he would normally have received.
This compensation is more commonly referred to as a re-employment allowance.
Do I have to take out additional insurance?
Some banking organizations will probably offer you a disability-death credit insurance. If it seems necessary in the context of a mortgage, it is not necessarily the same for a personal loan, especially if the amount borrowed is not consistent. If it is up to you to see, remember that you are not obliged to subscribe!
Once you have reviewed these different questions, you are ready to take out a personal loan safely. Do you still want some clarification? Contact us!