Consumer credit, what is it?

Consumer credit is a loan that concerns operations other than those relating to real estate. It responds more particularly to a cash flow requirement of a borrower wishing to finance the purchase of consumer goods.

It is therefore not necessarily an affected credit, that is to say a credit that is triggered on the purchase of a product and the presentation of its invoice (as for car credit). A consumer loan is granted by a specialized credit institution or a bank to the extent that the borrower is able to repay it.

Thus, all borrowers must know their consumption borrowing capacity before applying for consumer credit and learn about the borrowing rates offered by the consumer credit market.

What are the different types of consumer credit?

In addition to the previously mentioned affected credit, which requires the borrower to justify the use of his loan, there are many other forms of consumer credit. The most common are personal loans and revolving credit, also called revolving credit, replenishing credit or permanent credit.

In both cases, the borrower is free to use the amount of his loan as he sees fit, depending on his project (renewal of furniture or household appliances, purchase of a new car, financing of renovation works. home improvement or development, etc.).

Note: the notable difference between revolving credit and personal credit.
Revolving credit is distinguished from personal credit by its flexibility, but also by the fact that it is not or little amortisable. Concretely, the borrower has a certain amount of money, which he can use in whole or in part. The available credit is then reconstituted as and when repayments are made. Interest, meanwhile, is only due on the amount actually borrowed: this credit can be an incentive to overconsumption and at Yunited Finance, we recommend instead opting for a quick mini credit.

Mandatory information to be provided by the lender.

Whatever the type of consumer credit, lending organizations (banks or credit institutions) are required to inform any potential borrower before establishing a credit contract.

The borrower must indeed have all the information allowing him to know whether the credit is suited to both his financial situation and his needs. Thus, the proposed contract offers must in particular mention:

• The total amount due.
• The interest rate.
• Monthly payments.
• Conditions of availability of the borrowed sum.
• The cost of any borrower insurance.
• The duration of the contract.
• The period of validity of the offer.
• Minimum time for reflection.
• The withdrawal period (14 calendar days).

Consumer loan: what amount can be borrowed, and for what duration?

The amount of consumer loans offered by “LDL KREDIET” is set between 1,000 and 75,000 euros. The repayment period depends on the capacities of the borrower, but also on the amount of the loan itself. At “LDL KREDIET”, you can borrow between 6 months and 84 months.

Consumer credit at “LDL KREDIET”, a fast and 100% online loan offer.

If you are looking to take out a consumer loan to finance the purchase of a car, television or other consumer goods, “LDL KREDIET” is here to offer you a different consumer loan.

To subscribe to a consumer loan, do not get used to visiting an agency or consulting the major banking institutions, think of the “LDL KREDIET” alternative.

“LDL KREDIET” is a consumer credit platform that offers you another consumer loan experience where everything is done to offer you simpler, faster consumer credit, at competitive rates and above all 100% online!

What are the advantages of consumer credit at “LDL KREDIET”?

“LDL KREDIET” wants to shake up the codes of consumer credit for borrowers by putting new technologies at the heart of its activity. So “LDL KREDIET” offers a loan that comes in several components:

• Simplicity: your consumer loan application can be done online in just 4 minutes! We also do not ask for any original proof or invoices or quotes in the context of work, a car purchase or other equipment.
• Online: all your request is made online, signing and uploading your personal documents allows you to easily submit your request remotely
• Speed: LDL KREDIET will answer you once your financing request is completed in less than 24 hours!
• Security: “LDL KREDIET” has a robust system to protect your personal data, your financing request can be done online safely
• Peace of mind: to allow you to benefit from the best financing conditions, “LDL KREDIET” best adjusts the amount of your loan and its repayment period, taking your personal situation into account.

Do not hesitate any longer to do your first consumer credit simulation at “LDL KREDIET”, the new generation consumer credit platform. In a few clicks, you can finally objectify the project that is important to you!

The three key points to remember about consumer credit.

• Each type of consumer credit meets specific needs.
• The amount of our consumer credit is between 1,000 and 75,000 euros.
• It is essential, upstream, to accurately assess its borrowing capacity.