A financial institution provides credit to an individual or business to carry out a project, investment or property. In return, the individual or the company undertakes to return the funds borrowed periodically.
The credit is a means of financing for all those who wish to carry out their projects, however diverse they may be. A borrower makes a request for credit online or in an agency and can benefit from an amount to be reimbursed plus interest and optional insurance premiums, if any.
The different existing loans
Credit exists in different forms. Firstly, it can be assigned to a specific project and involves the presentation of proof: car, work, motorcycle, etc … It can also be unassigned. This is the case ready which is used to finance goods or services at the discretion of the recipient. Finally, it can take the form of a cash facility such as an overdraft authorization or a revolving credit linked to a credit facility.
Consolidation of credits
In case of holding multiple credits, there is a product called the grouping of credits. It makes it possible to group together all the amounts remaining due in a single loan contract. This allows for a single monthly payment at a fixed rate, usually by lengthening the total repayment period. Also known as the redemption of credits , another advantage of this credit is unknown to have a single contact for all his efforts for simplicity. He will take care of the repayment of receivables from the financial institutions holding the loans to be repurchased.
Options when subscribing
Financial institutions aim to be attentive to customers and offer them ever more appropriate products. When subscribing to a credit, it is generally offered optional services that support the needs of consumers . In order to bring serenity to its customers, Soficos offers a range of insurance and guarantees that meets the expectations of all borrowers according to their situation: legal protection, accident solution plan, injury guarantee and also life insurance.