It is characterized by a short time, typically between one and five years, a borrowed capital is not very high, ranging from 3005.06 to 30050.60 euros and an interest rate (apart from the particular negotiating with the bank) rather tall, between 6 and 10% APR, so that the bank is profitable to lend out some money in the short term. Payments are usually quite flexible.
When applying for a personal loan, it should take into account several aspects:
* Before applying, and to save time, review the personal credit history, so know in advance if you’re going to grant or not.
* Is recommended to seek other options with lower interest rates, as it usually high for the exit profitable bank will provide some short-term money Sometimes, if the need for money is the very short term, cards offer credit to lower interest personal loans
* It is important to find out if the loan is fixed or variable.
1 .- Are there different types of consumer credit?
Consumer credit can be fixed or variable rate. If the rate is variable the amount of the loan usually has a limit.
2 .- What is consumer credit demand?
To meet any costs from the purchase of a car or computer, to a trip, an investment opportunity …