Revolving credit
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to fill out the form
A simulation
free and without obligation
A well insured loan
With Loan Insurance, you and your loved ones are protected in the event of a hard blow: incapacity for work, disability or death.
Flexibility
You choose the repayment period at your convenience between 12 and 120 months.
Flexibility
You can benefit from a payment break twice a year in the event of temporary difficulty
No hidden costs
You only repay your monthly payments, not a penny more!
Why use revolving credit?
You do not necessarily need large sums, but the regular income you have is sometimes insufficient to finance one or more projects that are important to you. Revolving credit, unlike affected credit, is a simple reserve from which you can draw, and, as the name suggests, this credit is replenished by your repayments.
The advantage of this formula therefore lies in its flexibility. Also, you don't pay interest on the entire reserve, only on the amounts borrowed. Finally, the monthly payments are low and can be spread over one or three years, depending on the amount available to you. The amount borrowed for a revolving credit is between 500 and 6,000 €, beyond that the personal credit is often more interesting in terms of the borrowing rate and allows longer repayment periods.
How to dispose of this reserve of money?
Revolving credit can be taken out with a bank or a credit institution at any time. Depending on various criteria, including your monthly income and your other credits, a lump sum is made available to you. As it is an unallocated loan, you are free to use it partially or totally, for the project of your choice.
As soon as the loan is taken out, the repayment by monthly installments is fixed and takes into account the interest rate, which is often a revisable rate which is around 20%. The lender will inform you regularly of the evolution of this rate.
Revolving credit, is it risky?
As with any loan, you will need to measure your ability to repay the monthly payments. The great flexibility of this cash reserve can cause you to spend more, so you should always keep in mind what you have yet to repay and the remaining deadlines.
As the interest rate is quite high, this credit will cost you less if you repay as soon as you have an additional inflow of money: the reserve will always be available and you will thus reduce the amount of monthly payments. And if you change your mind, you can terminate your contract at any time without penalty: it will then be up to you to reimburse the amount used.
Revolving credit is well framed by a legislative device intended to protect the consumer: you will therefore benefit from clear information throughout your contract, which will allow you to carry out your projects while being vigilant.
Revolving credit of more than 1,500 euros for your projects
Revolving credit differs from other loans by being reusable. Revolving credits above 1,500 € can be taken out to meet different needs. This solution allows individuals to finance various events, major purchases or pay for future expenses.
The particularities of revolving credit over 1,500 euros
The revolving credit mechanism does not work the same way as that of other loans. Indeed, the funds made available can be reused in several installments, or in full, as needed. It is only from the first use of funds that the revolving credit capital will begin to be replenished as and when repayments are made.
The operation is therefore different from the personal loan which must be used at once. The monthly payments will then be calculated on the entire amount borrowed.
Revolving credits to pay for purchases and expenses
Using a credit renewable can provide answers to certain needs of a consumer. Depending on the amount borrowed, it is possible to respond to different situations in the life of a household. For example, the organization of a wedding can be at the origin of a request for financing to cover various expenses (meals, room rental, entertainment, etc.). The arrival of a child will also be the source of purchases and specific expenses: adaptation / renovation of housing with possible work, purchase of childcare equipment, but also other objects related to leisure, etc.
For this type of project, the operation of revolving credits can provide answers to consumers' needs.
How revolving credit works
As defined in Consumption law, revolving credit, unlike the depreciable loan, allows you to have a sum of money that can be used in part or in full according to your needs and the amount available. It is reconstituted as and when reimbursements are made and becomes available again for new uses, subject to its proper functioning.
Opt for a revolving credit Credit-Internet.com and its optional VISA card
Credit-Internet.com is a specialized organization which supports and finances the projects of individuals throughout Europe, in particular with two renewable credits. Revolving credit over € 1,500 is offered with a VISA credit card optional. Consumers can choose to repay their uses monthly on credit at contract terms or in 10, 18 or 24 months with permanent specials or in cash.