Buyback credits while carrying out a new project
It is possible to buy back credits while carrying out a personal project, it can be the realization of works, the purchase of a car or the financing of leisures. Here’s everything you need to know about buying new loans.
Project and credits: the option of redemption
A borrower has the option at any time to redeem one or more loans to renegotiate the rate, reduce the monthly payment or reschedule the repayment term. It is good to know that it is possible in the operation to include an amount that will be assigned to a new project. This sum will be granted according to the borrowing capacity of the household, so there is no maximum amount fixed. The operation of this operation is simple, it is sufficient to establish a request for consolidation of credits and to specify at this stage the amount of the new project and its nature. In the feasibility study, the financial analyst will take this amount into account to propose a tailor-made financing plan, perfectly adapted to the applicant’s financial needs.
Purchase of credits and real estate project
The project may concern real estate, that is, the borrower’s home. It can be the realization of works (expansion, renovation, embellishment) or the purchase of a new property (in the context of a rental investment for example). In this case, it is necessary to justify the amount to be financed by supporting documents (invoices, quotes) in order to release the necessary funds.
Purchase of credits with auto project
Most consumer loans concern automobile loans (credit allocation or lease with an option to purchase), borrowers who already have credits in progress can apply for loan consolidation and in particular the affected project that can be integrated into the loan. funding. Whether for a new car, a used car, a motorcycle, caravan or even a utility, it is possible to finance the acquisition with the purchase of loans. Good to know: Low type credits can also be bought back in the transaction.
Takeover of loans with leisure projects
A wedding, a birth, a holiday, a new school year, a move, etc … all this represents a budget that can be financed with the consolidation of its credits. The idea is simple, rather than cumulate a new loan, we take advantage of the renegotiation of the rates and the monthly reduction to integrate the desired amount in the financing, which avoids having several withdrawals in the month and what facilitates the management of loans.
Your new project with the credit provider
The credit provider is the benchmark for credit consolidation in France, thanks in particular to its experience and its certification, which places the borrower at the heart of its concerns. Taking into account your needs is essential and the new project will be put forward as part of the loan buyback application. The interest being to allow the financing of the wished sum while ensuring the reduction of the monthly payment, the instruction of the file is thus essential to ensure the best chances of financing. The website offers an online simulator to estimate the amount that can be obtained according to the duration and the sum of its credits to be repurchased. This estimate is an interesting first approach to defining the envelope of the new project. A study is then necessary to finalize the offer of the credit agreement. It is free and without obligation.