PERSONAL LOAN
The advantages of a personal loan with «Godet Finance».
Sometimes you don’t have enough cash to finance the project of your dreams. Planning a wedding, traveling, changing cars, or doing chores are expensive life projects that sometimes require a personal loan.
At «Godet Finance», we offer you a new 100% online personal loan experience for the financing of your project; you can sign your contract remotely and directly download your documents required to complete your personal credit report.
This online personal loan application experience is simple, fast and transparent. A financing solution that allows you to benefit from a particularly attractive fixed annual borrowing rate (or annual percentage rate). Enough to bring your project to life without having to worry about the next day!
Our process
Step 1: Receive and Evaluate
Step 2: Analysis and Planning
Step 3: Make plans and Implement
Analysis charts and statistics
What you got ?
What is a personal loan?
A personal loan is a credit that is said to be “unaffected”. In fact, the amount borrowed from a personal loan does not correspond to the precise purchase of a good (car, motorcycle, real estate, etc.). Therefore, the personal loan is not triggered on presentation of an invoice as with “assigned” loans, but simply meets a household cash requirement.
Ultimately, the borrower is free to use the amount of credit as he sees fit, whether for financing a consumer good (car, refrigerator, food, etc.) or for any other service.
This type of credit can be issued either by a bank or by a financing organization specializing in loans.
The repayment of a personal loan is usually done every month. Its duration, stipulated in the contract, varies according to the amount of the loan and the financial capacities of the borrower. The monthly payments take into account the total amount of the loan and its duration, the APR (annual percentage rate) as well as the insurance, if the borrower has subscribed to it.
Amount and duration of a personal loan.
The personal loan is framed by the Consumer Code, which defines a minimum and maximum duration and amount. As such, it allows you to borrow from € 1,000 to € 75,000 with Younited Credit. As for the repayment period, it ranges between 6 and 84 months.
Generally, the first monthly payment occurs 30 days after the funds are made available. The exact date of withdrawal of this monthly payment is stipulated in the contract. The organization granting you the funding can also grant you a payment deferral of 2 to 6 months, but this is not systematic.
What about borrower death insurance?
Before granting credit, the lender can order the borrower to take out insurance. And this, although the law does not require it. In any case, it is in the borrower’s best interest to consider this optional insurance. Because in the event of a payment incident resulting, for example, from loss of employment or death, it is the insurance that will reimburse the outstanding capital.
Supporting documents to set up a personal loan file.
The acceptance of a personal loan depends mainly on the resources and assets of the applicant. It is indeed crucial to ensure, upstream, that its financial situation and capital will enable it to meet the monthly repayment installments.
Thus, for the assembly of your file, «Godet Finance» requests the supporting documents required by law or in accordance with the practices of banking establishments. However, we will not ask you to provide original documents: you just need to send your supporting documents to our email.
Finally, you will be asked to provide a complete file to be able to obtain a loan offer.
Information to be provided by the lender.
In their offer, financial institutions are required to mention in particular:
– The identity and address of the lender;
– The duration of the contract;
– The type of credit;
– The total amount due;
– The amount of the credit;
– Conditions for making the borrowed sum available;
– The total cost of fees;
– The existence of a withdrawal period;
– Compensation to be paid in the event of late payment.
All this information allows the applicant to know if the credit is suitable for his financial situation and his needs.
The three key points to remember about the personal loan:
- The acceptance of a personal loan depends on the borrower’s ability to meet the chosen monthly payments (capital held, financial situation).
- The loan amount can range from € 1,000 to € 75,000, and the repayment period from 6 to 84 months. It can cover the financing of a consumer good or any other service.
- Buying insurance is not mandatory, but some lenders may require it; Either way, the choice of institution is up to the borrower.