Student loan – check when it pays off

Student loan is a beneficial form of financial support for students and PhD students. It is granted regardless of the type of university you attend – whether it is public or private – and study mode (day, extramural, evening). It is an attractive and the cheapest type of bank loan available on the market. Who […]

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Global Annual Effective Rate

The overall effective rate of the loan The global percentage rate (APR) takes into account all the elements of the cost of the loan, in addition to the interest rate, called the borrowing rate: borrower insurance costs (when required), application fees, other additional costs. Even if they are paid in one installment at the beginning […]

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Termination of a revolving credit

  We all know, subscribe to a contract, whatever it is, it is usually quite simple. To separate from it, it is much more complicated. Between the deadlines to be respected, the specific conditions, the tacit renewals, and what do I know yet, it is sometimes very difficult to terminate a contract. Fortunately, the laws […]

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The total cost of credit

With these data, it is possible to establish the schedule of your repayments. This is called the amortization schedule of your loan. This document is obligatorily attached to the loan offer. It indicates the amount owed by the borrower at each maturity by detailing the distribution of the repayment between: the principal, the interest, the […]

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The cost of credit

You can get credit from a bank or from a specialized credit company. A credit creates reciprocal commitments in a contract. The lender undertakes not to claim the principal (the loan sum) in advance and the lender undertakes to repay the principal according to the agreed terms. In addition, in order to remunerate the bank […]

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Early repayment of home loans

A borrower can always, at any time, prepay his mortgage. The bank can not oppose an early repayment, except if it is a partial refund of an amount less than or equal to 10% of the initial loan amount (Article L312-21 of the Consumer Code) ). The early repayment corresponds to the settlement of the […]

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Learn to Simulate Your Mortgage

Have you found the house of your dreams? Where do you want to build your future home? It will now be necessary to think about the financing of your property. Indeed nowadays few people buy their homes without resorting to credit. But how to know the amount of your future monthly payments? Or how to […]

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