Looking to make your first investment and you need a credit to finalize it? You do not have special knowledge and you want to know the different elements to choose your credit? Here are some tips to get started!
The different types of credit
You must know before you start that there are several types of credit to finance your projects. In particular, there is the consumer credit category: auto loans, credit loans, personal loans and revolving credit.
Each loan responds to a particular need: the car loan to buy a new or used car, the credit work to do for example enlargement works or insulation of your property, etc … The personal loan him , may be used as the name suggests, to fund personal needs, no proof will be required at the time of contraction. There is also real estate credit and microcredit, the first will finance the purchase or recovery of real estate and the second will allow you to borrow a small amount.
Choose your credit
Once you have determined the credit that fits your needs, it is important to identify a few items before subscribing.
The first item to analyze is the total cost of the loan
The total cost includes interest on credit, insurance, administration fees, etc. Most comparators use this information to provide you with the most interesting offers on the market. It is very important to find a low to choose your credit, but in some cases the application fees will vary from the simple to the double of one financial organization to another. Remember to negotiate some facilities with your bank! When you choose a credit, you agree on several years, inquire beforehand on your different rights in case of late payment of monthly payments, prepayment, etc … Find a cheap consumer credit or a Real estate credit is not obvious, it is important to choose the right type of credit and compare the different offers of the market taking into account the different elements above to find credit at the best rate.