The online credit simulation helps calculate in a few minutes the total cost of a personal loan, its monthly payments, its duration, the amount of insurance, etc. This easy-to-use tool defines the outline of your project, specifying your borrowing capacity and financing possibilities.
Personal loan: planned investments and solutions
The personal loan is taken out for different reasons:
- purchase of furniture, household appliances or high-tech products;
- improvement or expansion work;
- travel in France and abroad;
- acquisition of a new car;
This loan therefore allows for rapid implementation of projects and an improvement in daily life. Many consumers use it every year. The total outstanding personal loans observed in 2023 by the Banque de France amounts to more than 49.5 billion euros. By making a credit simulationyou benefit from total transparency on the characteristics of the loan, its operation and its impact on your budget.
Online personal loan simulation and application
The borrower process begins with a simulation, necessary to compare and evaluate the different offers proposed by financial organizations. By using the digital calculator: an innovative tool designed to carry out arithmetic and logical operations, the interested party obtains various information including the rate charged by the lending organization, the amount of monthly payments, the repayment period, the overall cost of credit and the amount of optional insurance. This detailed analysis provides the essential elements for reflection and decision-making.
Choose your type of loan
The personal loan is not necessarily the one that ideally suits your project. Perhaps a mini loan or a restricted loan is more advantageous? By carrying out several simulations using dedicated digital tools, the comparison is quickly carried out.
Find the best rate
The APR* varies from one financial organization to another. The simulation allows banks to compete and opt for the most advantageous solution. Because by law all credit must be repaid, careful study is required before committing.
How the computer simulation tool works
The rates applied to the personal loan vary depending on the project to be financed, the amount to be borrowed and the repayment period or the value of the monthly payments desired. These latter parameters are mainly influenced by your repayment capacity: the longer the duration, the lower the monthly amount. However, the total cost of credit can be significantly impacted. This is why several trials are recommended before making a final decision.
Following the simulation, the request is made online by electronically signing the contract. A code is sent to you by SMS, to ensure the integrity of the signed document.
Using a simulation tool or digital calculator means defining the best solutions for your future credit. Indeed, personal loan offers are numerous and diversified. The choice can be complex. Take a few moments to establish your financing plan and adapt your repayment period to your budget!
*annual percentage rate
