Long term installment loans

Do you want to buy a new TV? Replace your washing machine? Going on a long family trip or planning the wedding of your dreams? You can finance these projects without touching your money reserve thanks to an installment loan. We explain here what it is and in what forms it comes.

An installment loan, also called a personal loan, allows you to support your various projects. It can be useful if you are faced with long term installment loans unexpected events that require additional cash or you need to make expenses that your budget cannot cover. A personal loan allows you to cope with these situations without affecting your money reserve.

A personal loan is defined by 3 elements:

• the amount borrowed : the amounts proposed for this kind of credit start relatively low (from 2,000 euros) and can exceed 100,000 €, depending on your repayment capacity.
• the repayment period : it is fixed at the time of the conclusion of the credit agreement and depends on the amount borrowed. It also depends on what your bank authorizes, within the limits of the regulations.
• the interest rate applied to the amount borrowed : it is fixed, as are your monthly payments. So you know exactly how much you have to pay back throughout your contract. No surprises, you remain in control of your budget.

The interest rates linked to an unrestricted loan are often advantageous: they are not as low as those of restricted loans (for example a car or home improvement loan), but are generally much lower than those of lines of credit.