What to know about loan consolidation

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With such a purchase of loans, you manage your budget more simply and thus more efficiently. Indeed, it allows you to benefit from both a single rate and a single interlocutor for all loans but also to pay only one monthly payment, the date, duration and amount are defined according to your needs and your projects. The loan repayment period is between 12 and 60 months (5 years) while the loan amount can vary between € 3,000 and € 80,000. No fees.

This financial product offers you the opportunity to reduce the total amount of your monthly repayments by extending the repayment period. This is a viable solution against overindebtedness.

Subscribing to a consolidation of loans takes place in several stages:
 Step 1 – You make a loan consolidation request online or by phone
 Step 2 – After getting an answer in principle, you mount your file with your advisor.
 Step 3 – You receive your loan offer, complete it, sign it and return it.
 Step 4 – You get an answer to your loan consolidation request.
 Step 5 – Your advisor takes care of the repayment of my loans with all the lenders.

 Minimum amount borrowed: € 3,000
 Maximum amount borrowed: € 80,000
 Minimum loan period: 12 months
 Maximum loan duration: 60 months
 Booking fees: Free

Purchase of real estate loans

The purchase of providers real estate loan allows homeowners to consolidate all their loans and to take advantage of the many advantages provided by loan consolidation: lower monthly payments, contact with a single contact person … Your advisor will suggest a fixed or variable rate for your mortgage repurchase. The repayment term of the loan is 15 years.
 Fixed rate for repurchase of mortgage, 4th quarter 2015
 Duration of the 15-year loan consolidation
 Highest rate: Not communicated
 Lowest rate: Not communicated

Benefits of loan consolidation

Benefits of loan consolidation

The loan consolidation proposed by providers allows French households to control their debt. providers is committed with individuals on the purchase of loan by proposing a simple solution: a single loan, a single monthly payment, a fixed APR and no application fee. Many families have opted for this refinancing solution and have emerged from their problematic situation after a few years. They have even been able to envisage new projects thanks to the adaptation of the monthly payments according to their incomes and the personalized follow-up of one and the same advisor.

The financial institution also offers optional insurance tailored to your situation. They can take care of the payment of your monthly payments in case of Loss of employment, Death and Total Incapacity.

An online personal space allows you, among other things, to contact your advisor, to follow the progress of your reimbursement and the flow of the monthly payment.

Example of consolidation of loans

Example of consolidation of loans

For a purchase of loans for an amount of € 20,000 and a duration of 72 months, you repay 71 monthly payments of € 344.25 and a final of € 344.26 (excluding optional insurance). Total annual percentage rate of charge (APR) of 7.59% (annual fixed debenture rate: 7.34%). Total amount owed by the borrower: € 24,786.01 including € 4,786.01 of interest. No fees.

The amount of the monthly payments indicated above does not include the optional insurance usually offered: Death, Disability, Incapacity insurance, of a monthly amount of € 36, ie a total amount over the term of the loan of € 2,592 and a rate of effective annual insurance (TAAB) of 3.93%.

Example for illustrative purposes and without contractual value.

Simulation of consolidation of loans

Providers offers you a simulation of online loan consolidation. This free and personalized service will guide you in your choice of financing so that it is the most adapted to your situation. Targeted simulations will enable you to better prepare your loan consolidation request by indicating in particular the total cost of the operation as well as the cost of the loan at the fixed interest rate. This tool gives a good overview of your future grouping request. The summary obtained can be recorded if you make your request to buy loan in stride. If you do not want it, you have the opportunity to print the document (on paper or in .pdf format). The cost of optional loan insurance is generally not indicated.

However, it is advisable to make an appointment with a counselor to make a more personalized study of your situation. It is recommended that you go directly to an agency to study your situation as a whole and to negotiate some elements such as the fees. Carefully prepare your interview for your application to be accepted more quickly. Refer to the “Contact providers Customer Service” section to make an appointment.