What is an online personal loan?
You can use your money however you want, without dipping into your savings .
The personal loan represents nearly one in three consumer loans.
Its success is mainly due to its freedom of assignment: you can finance any type of project.
The personal loan is not intended to finance a specific purchase.
When to apply for a personal loan?
As you can see, the personal loan can be used to finance any type of personal project without the need for proof of use of funds.
Here are some examples of projects that can be financed by a personal loan:
- A marriage
- A car
- Renovations
- A long trip
- The furnishing of his house
Benefits of personal loan online
Personal credit online is very popular.
Indeed, it has many advantages:
- No proof of use of the amount loaned to provide.
- Funding of all types of personal projects.
- Financing of one or more projects with a single credit.
- The whole procedure is done online . No need to make an appointment or go to an agency.
- No bad surprise : the total cost of credit is known and the terms remain the same throughout the loan.
The personal loan can also prove to be an essential choice in certain situations. For example :
- Carrying out work yourself. You cannot produce any professionally prepared quotes since you do all the work yourself.
- Purchase of a used vehicle. You will probably need to be responsive and be able to access funds quickly. It is then often much easier and faster to take out a personal loan rather than an affected auto loan.
Personal loan without proof: does it exist?
We often talk about a personal loan without proof or personal credit without proof of salary .
This is mainly to say that you do n't need to justify the use of the borrowed funds.
Despite everything, the online personal loan remains a traditional credit.
It is therefore necessary to put together a loan file with all the necessary supporting documents.
To note
Do not be mistaken about the meaning of the term "without proof" which is linked to the use of the borrowed money and not to the justification of the necessary resources or other administrative documents to be provided.
How personal credit works
How does the personal loan work in practice?
Like any consumer credit, the personal loan is intended for adult individuals (over 18 years old).
You can borrow from € 50 to € 75,000 .
Between € 50 and € 1000 , we often talk about quick credit or mini credit.
Beyond € 75,000 , the personal loan no longer benefits from the security of the Consumer Code.
The personal loan is governed by the Consumer Code.
You must therefore borrow over at least 3 months (except quick personal credit).
There is no ceiling duration but the duration generally does not exceed 7 years (84 months) .
All the loan conditions are defined in the contract.
Personal loan faq
Is it possible to take out a personal loan online?
Yes, you can apply for your personal credit online. You can find the best loan deals at the top of this page.
How to find a personal loan at the best rate?
You need to compare credit offers to successfully find the cheapest personal loan. For this, you can use our personal credit calculator online at the top of the page.
How to apply for a personal loan online?
You must follow the procedure:
- Go to the home page of our site .
- Complete the online application form .
- Receive the personalized quote by email or mail.
Can the rate of a personal loan be negotiated?
Yes, you have the right to negotiate any credit offer offered. Moreover, we strongly recommend that you negotiate while playing the competition. Use our personal loan calculator to find advantageous credit.
I was told about the personal loan without proof, does it exist?
This means that you don't need to justify the use of the borrowed funds. Do not be mistaken about the meaning of the term "without proof" which is linked to the use of the borrowed money and not to the justification of the resources or administrative documents to be provided.
What is the APR?
This is the Global Effective Annual Rate. It takes into account all mandatory costs (interest, administration fees, etc.). It allows you to estimate the total cost of credit. This is the rate to take into account to compare the cost of several credits.
Is there a withdrawal period?
Yes, the law provides for 14 calendar days (Lagarde law in 2011) to retract after signature.
The online personal loan simulation
Performing several personal credit simulations before accepting the first offer offered to you is essential if you want to obtain a cheap personal loan .
Using a personal loan comparator like the one at the top of this page will allow you to compare the borrowing terms of over a dozen banks.
We advise you to request personalized simulations (by clicking on "Launch the Simulaion")
You will be able to choose the personal loan at the best rate.
Apply for a personal loan
There is no obligation to borrow from your usual bank .
You can then negotiate the interest rate with your banker in order to obtain the cheapest personal loan.
Here are the steps to follow to apply for a personal loan online:
- Compare personal loan offers online using our comparator at the top of this page.
- Fill in the forms online
- Send supporting documents by email
- You receive an answer in principle by email
- Your file is processed by the bank
- If your request is accepted you will receive the personal loan offer by email or mail
- You return the signed file from the bank you have chosen (under the best conditions)
- The borrowed funds are transferred to your account
Personal loan at the best rate
Why are we looking for personal credit at the best rate?
Quite simply because we want to get the cheapest personal loan on the market.
The cost of your personal loan depends on:
- The interest rate that you are granted
- The repayment term of this loan
- Any additional costs (administrative fees, insurance, etc.)
You are going to tell us: Ok I understand. But how does it work in practice?
Concretely, how do I calculate the cost of credit that my banker offers me? And how do you compare personal loan offers to choose cheap personal credit?
Important
A credit commits you and must be repaid. Check your repayment capacity before you commit.
