The rates you will pay…
It’s the jungle! You will have to really compare and detail the offers before making your choice… Especially that the types of loans offered are different depending on the institutions.
On average, the rates recorded vary between 6,80% and 9,90%!
Comparative credit surrender rates.
Two main types of credits
Mortgages, which are offered to real estate owners. In this case, you obtain a credit to buy back your loans against the mortgage of your house or apartment. The formula is tempting… but generally expensive: the rates are increased by a commission of the intermediary, a taking of mortgage and expenses of file. Credit terms are quite long: up to 30 years… This credit is very engaging and often requires to completely change the way of life…
How to make a mortgage purchase…
Personal loans are offered to homeowners and tenants. The credit obtained allows you to buy all of your consumer loans, but not real estate loans. The rate is lower because there are rarely fees (you can negotiate!). Credit terms are also shorter: up to 10 years.
Redemption of credit for tenants.
Two kinds of institution
They flourish on the Internet, in your mailbox or in free newspapers. These are agencies that transmit your credit application to banks or financial institutions. Of course, they take a commission that increases the cost of credit because it is you who pay! This commission is most often included in the cost of credit.
As a genius, these small companies offer you a mortgage loan (less risky for the bank) and more interest generator. This is normal: credit terms are longer!
Financial institutions and banks
Here it’s more serious… you have to go directly to a recognized institution with a bank status. No commission on personal loans, or it is integrated into the APRC, no bad surprise. This type of offer is also available on the Internet, but with less aggressive ads.