For any project, funding is the most important point to be able to set it up. Most often, the use of consumer credit is the classic solution adopted. But today, given the proliferation of offers and credit institutions, the question arises, how to get cheap consumer credit? Here are some prerequisites to remember.
Choose a form of consumer credit corresponding to your needs
For information, there are three main variants of consumer credit. If you already have a specific project in mind to finance, you can opt for the first form of consumer credit, which is the so-called affected credit. In this case, the use of funds will be specified in the loan contract, in particular the particular project to be financed.
On the other hand, if there are many projects that you want to finance, you can opt for an unrestricted personal loan. In this case, you are free to use the funds for projects of any kind. And finally, as part of the consumer loan, you can also opt for revolving credit. It is a cash envelope, offered at a variable rate and with a monthly payment that you can modify during the loan.
In addition, care must be taken to determine the amount of its funding in advance to facilitate research.
Compare consumer loan offers before choosing
In the field of credit, you have to know how to compete. Of course, the first reflex is to consult your banker who is already aware of your situation. This is not a bad thing in itself, in addition, it could decide to make you a loyal customer award. However, don’t stop there, also shop around at other credit agencies. It is necessary to take note of the offers and their modality, but also of the rate of interest rate which is practiced.
In addition, you can use certain tools such as simulation or online credit comparison to help you find an offer that fits your needs.
Negotiate the cost and terms of your consumer credit
This is a really crucial step, for which you must be prepared. In general, after a credit simulation, if you decide to subscribe to a particular offer, this offer will be sent to you by the bank. On the day of negotiation, you will come with the proposed offer in hand. On the other hand, do not rush, you must let the agent of the organization explain for himself what he offers you. If this is not the best rate, then the negotiation phase will take place. This includes negotiating the proposed rate. Show the agent that you are aware of what is generally done and even what is offered elsewhere. The competition will play on its own as well. Better offers will be offered to you.
Take advantage of different promotions
There are certain times of the year when all the organizations rush to offer promotions on consumer loans. Take advantage, because these are special offers in which, the rates are usually broken. In principle, most often, promotions take place in summer for the holidays, in spring, at Christmas or even at the start of the school year.
However, watch out for scams. When rates are too low or strangely low, you still have to beware. Also pay attention to the zero rate loan, because often this zero rate will only be valid for a fixed term of your loan.