Personal loan: realize your dreams and projects!
Whatever your plans, you can make them happen thanks to the personal loan! Do you need money to renovate or redecorate your home? Do you want to be able to finance your children’s education? You have desires elsewhere and would not say no to one or the other trip to the end of the world? You do not have sufficient funds or do not want to touch your savings? Personal loan is the solution!
And who better than Across Lender for your personal loan? Taking out a personal loan or credit through Across Lender is the possibility of enjoying the following advantages:
- Borrow at a fixed interest rate
- No need to justify the use of borrowed money
- The assurance of benefiting from the best market rates
- Freedom to choose the repayment period
- Unlocking money within 48 hours
What is a personal loan?
The personal loan, also called personal credit, installment loan or installment credit, is in reality a consumer credit, in the same way as the installment sale, the leasing, the opening of credit, the bridging loan or the ease of overdraft.
Consumer credit: definition
Before getting to the heart of the matter, it is necessary to define what a consumer credit (or loan) is…
The FPS Economy defines consumer credit as follows: “a consumer credit is a credit granted to a consumer to buy movable property (eg a car, a television, etc.), to buy a service (eg. organizing a wedding) or to finance private needs (eg paying taxes) ”.
Is designated by the term “consumer”, and this, always according to the SPF Economy, any “natural person who lives in a usual way in Belgium and who acts mainly for a private purpose. “
The particularity of personal loans
If there are many consumer loans, the personal loan has a special feature. The personal loan is in reality qualified as “unallocated”. This term means that there is no need to specify the destination of the sums borrowed, as it is on the other hand the case of the appropriations affected. It is therefore not necessarily used to finance a specific good or service.
Through the personal loan, a defined amount of money is therefore made available to the borrower, an amount that can be used at any time and thanks to which it is possible for him to make the purchase (s) of his choice..
In the case of a personal loan, the lump sum, as well as the repayment duration and the amount of the fixed monthly payments is defined in advance. There is therefore no question of unpleasant surprises. The monthly payments can legally extend over a period going from 12 months (1 year) to 84 months (7 years).
Since the amounts borrowed through a personal loan are generally not exorbitant, it is not necessary to put up very large files in order to obtain it. Another advantage: the borrower has the possibility to pay off his personal credit in advance without being penalized.
However, it should be noted that, since it is not allocated to any particular expense, this credit is not grafted with insurance. In other words, this means that if for some reason X or Y, the good or service for which the personal loan has been requested is not delivered or made to you, if it is defective or if it does not does not respond to what was agreed, the monthly payments, like interest, will still be due to you.
Solutions for every need
At Across Lender, all of our customers are supported by specialized experts. Your file will be studied in depth by a professional who will follow you from start to finish. The Across Lender staff are at your disposal and aim to advise and help you in the most optimal way possible.
A question? Let us know without hesitation!
If the Across Lender team is at your entire availability, know that you can already perform a simulation of your potential future personal loan using the above tool.