Your project stopped, you must now measure the impact of your future personal loan on your cash flow. For that, a simulation of personal loan is essential! On Credistair, credit simulations are free and in a few clicks. Let yourself be guided and discover the monthly cost and the total cost of your loan, for a successful project without any surprise!
Definition of the personal loan
The personal loan is a product delivered by credit or banking institutions, which allows households to finance their projects. This can include all the development work of your apartment, the realization of a trip or the purchase of a used car. The personal loan should not be confused with revolving credit. Indeed, a personal loan operates differently and is not subject to a fluctuation of the APR (Global Annual Effective Rate). This rate remains fixed throughout the life of the loan.
The characteristics of the personal loan are as follows:
– The APR remains constant throughout the credit and in line with that announced in the contract, unlike the revolving credit, which is characterized by a variable rate that varies according to various benchmarks.
– The borrowed capital does not change and remains in conformity with the initial contract.
– The monthly repayments remain constant.
The figures mentioned during your personal loan simulation can therefore serve as a reliable benchmark.
Good to know: no proof required
In addition to having a fixed APR, you will not have to justify the nature of your expenses with your credit agency when applying for a loan. In short, you are free to use the amount of your loan as you see fit.
How much can I ask for a personal loan?
During a simulation of personal loan, in addition to the type of project (indicative) and credit duration (expressed in months), you will of course need to indicate the amount you need. This amount varies from one organization to another, but can in no case exceed 75,000 €, in accordance with the Consumer Code. At Credistair, under a personal loan, it is possible to borrow up to 50,000 €.
The principle of a personal loan simulation tool
A loan simulation allows you to estimate the exact amount of monthly payments you will have to pay. These depend both on the amount borrowed and the duration of the credit. To align with your repayment capabilities, these monthly payments must absolutely be correlated with your income, to which you will subtract your expenses.
By performing a personal loan simulation, you will have access to two other essential information:
– The annual percentage rate of charge, which includes all credit-related expenses such as the fixed borrowing rate (ie the interest charged on the amount borrowed), the processing or processing fees, or the costs of the loan. ‘insurance.
– The total amount due, which includes the amount lent, interest and all costs.
Life insurance borrower: do I have to subscribe?
Although it represents an additional cost and is not always required by credit institutions when negotiating personal financing, borrower insurance may be necessary in some cases. To judge its usefulness, it is first necessary to study your professional, family and heritage situation. Insurance offers are sometimes offered on the occasion of a personal loan simulation. However, you are free to take out insurance with the institution of your choice.
To help you see things more clearly, here are the cases in which this optional insurance covers you:
– Total Temporary Incapacity (ITT);
– Permanent partial invalidity (IPP);
– Total Permanent Disability (IPT);
– Total and irreversible loss of autonomy (PTIA).
The loss of employment guarantee remains optional.
The Credistair Personal Loan Simulator
Credistair offers financing from private investors and differs from a traditional banking institution. Indeed, the interest on the loans will be directly transferred to our community of investors. So it’s a new, healthier and more transparent banking model that’s up and running.
Opting for Credistair means making the choice for your personal loan of the financing model of tomorrow, leader in France of credit to individuals. This model allows you to enjoy unbeatable rates up to € 3,000 **.
In addition, Credistair is approved by the Prudential Control and Resolution Authority as a credit institution (approval N ° 16488).
How to simulate your personal loan?
To simulate your Personal Loan, nothing more simple. All you need to do is follow the steps of the online personal loan simulator below. To begin, choose the amount of your credit (according to your needs), the duration of repayment (between 6 and 84 months) as well as the nature of your project (cash, works, new or used car, travel, equipment of the House…).
Then you will just have to fill in your e-mail address, and fill precisely all the information requested at each stage. For example, you must indicate your income and expenses, your family and professional situation, your contact details, etc.
At the end of the personal loan simulation, if your application is pre-accepted, you will be able to obtain an immediate policy response. Feel free to make a simulation (free and without commitment), it only takes a few minutes. You can also consult our personal loan guides to get all the information you need to complete your personal credit application.
What to do after simulating your credit?
After performing the simulation of your personal loan, simply click on the button “get my personalized offer” to validate your request. Then complete your file and sign your contract online, or send it to us in paper format.
In just 24 hours *, we analyze your file and if you receive a definitive positive answer, you will get the funds in the process (within the legal withdrawal period).
For a customized financing, do not wait any longer: conduct a personal loan simulation on the Credistair platform. After discovering our rates, you will have the opportunity, if you wish, to apply for an online loan in record time to finally touch your project!
Three key points to remember about simulating a personal loan
- Free and without obligation, it allows you to better understand your repayment capabilities.
- Borrower insurance (optional) may be included, but you remain the decision-maker as to the choice of the insurer, if any.
- You do not have to justify the nature of your expenses, neither during the simulation nor even in case of subscription.