A project in progress or special desires? Need funding without supporting documents? Your finances can sometimes be gray and the use of a financing solution may be necessary. Flexible and personalized, the personal loan makes it possible to finance all kinds of projects. It is a convenient credit solution for financing up to 75,000 euros worth of goods or services.
What you need to know about personal loans
Personal loan or consumer credit is a flexible financing solution to obtain credit up to 75,000 euros. Its rate as well as its monthly payments fixed upstream guarantee a loan without surprises. It is with the auto loan the solution of the most requested financing in Belgium. Relatively fast obtaining, with a personal loan, no need to provide proof of use to your bank. You have full freedom to use this amount. But this great provision of personal loan comes at a price. After revolving credit, the loan has some of the highest rates in the market. Insofar as the banks do not require any proof of the sum granted, they insure their risks with rates that can exceed 10%. Finally, to aspire to a personal loan, having a quality borrower profile is a plus. Banks only provide credit for “good payers” and those with the most insurance.
Personal loan and revolving credit: making a difference
In Belgium, banks can offer two types of loans. It is also an obligation for them to give you the choice between an unallocated personal credit and a revolving credit also unaffected. With a revolving credit, the banks grant you a capital of up to 15,000 euros. As its name suggests, revolving credit is a money guard. Every month, you will have a capped capital released into your account. The amount of the monthly payments varies according to your expenses.
For example, if you have not spent anything on the basic 15,000 euros this month, you will not have to pay any monthly installments. On the other hand, if you used 5,000 euros on this reserve, you will only need interest in the bank on this amount. With a personal loan, the amount granted and capped at 75,000 euros will be released in one go. You then repay fixed and agreed monthly installments ranging from 12 to 120 months.
Compare personal loan offers
To obtain a personal loan in Belgium, make it easy for you to find the best deals. Start your process with a simulation and comparison of credit offers online. In just a few minutes, you will have a list of offers at the best rates in Belgium. The rate is an important indicator, the repayment monthly also because they will impact your daily life. The services offered on your loan agreement should also be taken into account. Be aware that a quality personal loan agreement must have certain advantages: the possibility of delaying the monthly payments, limitation of the penalties for early repayments, litigated or even litigation file fees, and responsive customer service that can be contacted at any time. In addition to avoiding future over-indebtedness, the comparison of offers allows you to find the best banking services in Belgium. Comparing is saving, it is also acting as an informed consumer. Why hesitate?