Credit buy-out of a loan in fine: what solution?

The loan in fine, in opposition to the repayable loan, can be the subject of a repurchase of credit, an operation making it possible to negotiate a new rate and / or to reduce the amount of the monthly payments.

Loan in fine and need for repurchase of credit

Loan in fine and need for repurchase of credit

The loan in fine allows an individual or a company to repay the credit at once, at the end of its contractual term. Throughout the agreed term, the borrower will still pay interest but may pay off by receiving an annuity or simply having the financial ability to repay the money. Simply, the loan in fine is a loan with interest, which is determined by a rate.

It is possible to redeem the loan in fine, for various and varied reasons. Some consumers need to start over with a repayable loan, the purchase of credit makes it easier to make the transition and to choose the amount of the monthly payment. A rate cut can also motivate the borrower to redeem the loan, it is simply advisable to do so at the beginning of the repayment of the loan, as this reduces the cost of interest.

How is a loan buyout in fine?

How is a loan buyout in fine?

The repurchase of a loan requires the setting up of a financing file, gathering a certain amount of information related to the personal situation of the borrower, but also to his financial situation. This request will make it possible to establish first the feasibility of the financing, then to be able to study the possible solutions of refund. Most credit institutions offer repurchases of loans with a classic repayable repayment.

The borrower will have to file an application specifying the credit (s) to be repurchased, it is important to list all the credits even those not concerned by the repurchase of loan, the interest being to measure the capacity of indebtedness of the borrower to then offer him a monthly payment adjusted to his financial situation. The debt ratio must be in accordance with the situation of the applicant and his new monthly payment must allow him to repay his debts without financial complications.

Who to solicit for a credit redemption in fine?

Who to solicit for a credit redemption in fine?

Depending on the type of applicant, ie a company or an individual and also depending on the type of collateral desired for the repurchase of credit (mortgage, surety, collateral), the credit institutions that can propose a financing solution can not will not be all the same, it is therefore necessary to file a loan repurchase application via a comparator to be able to solicit all these organizations and especially find an interlocutor that can meet the needs of the applicant.

It is therefore enough to turn to a comparative form for redemption or even pooling credits, because it is possible to have several loans to resume at the same time, loans in fine and / or depreciable. The simulator will quickly obtain a notice of feasibility and be informed of the loan conditions of banks, in terms of rates, duration and guarantees offered.