7000 euro loan

A 7000 euro loan is not an unusual loan request. Depending on the personal creditworthiness and the intended use quite different credit providers come into consideration.

7000 Euro loan – at leisure or earmarked?

Not every wish for a 7000 Euro loan is oriented to a specific purpose. It would be possible with this loan amount to buy a good used car or another consumer desire. In the final phase of the training could reach 7,000 euros equally well the desired education level. Assigned loans are often much cheaper than loans at leisure.

The purchase of the good used car can be financed by the earmarking, about one to two percentage points cheaper. With an education loan with government help the interest rate jump is even bigger. In addition, the education loan does not have to take account of personal creditworthiness. State training credits are awarded regardless of the credit status.

Cheap provider of consumer credit

Cheap provider of consumer credit

If the 7000 Euro loan is only partially intended for a specific purpose, then the search for loans without earmarking is recommended. In this way, for example, a portion of the total can be used to balance the current account. The remaining balance is used for consumption. This can be a renovation measure carried out or simply a relaxing holiday booked.

With normal or good credit rating, finding a loan is quite easy. Loan search engines always know the currently cheapest interest rates. According to the search specification, the programs list all offers automatically according to the cheapest interest rate.

Just clicking on the best placed offer is still not recommended. The lending conditions vary greatly. Special conditions, such as a special payment right or the waiver of processing fees can pay off.

Away with a lack of creditworthiness

A loan amount of 7,000 euros is already quite a decent amount. Unfortunately, not every interested party is qualified to receive this loan amount from any provider. With a not so good credit rating three possibilities for the loan approval remain:

– Guarantee of a solvent sponsor
– Reduction of the loan amount
– Change of credit provider

The guarantee of a solvent guarantor is one of the standard solutions to compensate for a credit problem. The guarantee ensures credit security, although the guarantor is not directly charged with payments. Only in the case of credit problems does the guarantee statement have an effect.

Possibly the loan amount is very generously planned. Small loans are tested on simplified terms. The reduction of the loan amount to a maximum of 5,000 euros can also be a possible way out in credit problems.

Switching to personal loan offerings could also solve the problem. Commercial credit providers are subject to numerous lending requirements. First, there are legal requirements that have to be met. Special stumbling blocks for lending can result from in-house regulations. The private investors of a private credit portal do not know these problems. You can give away the 7000 euro loan regardless of complicated regulations.

Loan work with online simulation

What loans to finance its work?

The financing of works is possible thanks to several types of financing adapted to different needs.

Unallocated credit

The unallocated personal credit allows the borrower to freely dispose of the borrowed amount. Once the credit has been accepted, the unblocked amount is paid in one go to the borrower’s account, which can then be used as it sees fit. This type of credit is particularly suitable when you are doing small jobs or when you are doing work on your own. With an unassigned personal credit, you have no proof to provide to the bank for obtaining it. The sum of the credit is available relatively quickly since the release of funds comes as soon as the loan application is accepted.

Assigned credit

The credit works is a so-called affected loan, since it is intended only for financing work. Works credit is often used for substantial work or when the work is done by professionals. The bank then has the opportunity to request proof of this work (quotes, invoices, …), it will then directly pay the craftsmen or suppliers. The works credit therefore has a more limited use than the unallocated credit, since it is conditional on the completion of works. Nevertheless, it has the advantage of being dependent on the completion of the work. The nullity of one leads to the nullity of the other.

Real estate loan

The works credit is limited by the legal texts to 75 000 €. However it is not uncommon to see work invoices raised to much higher. In this case, it is therefore not possible to subscribe to a work loan. We must then turn to a mortgage. The main advantage of using the mortgage is that its interest rate is generally lower than that of a consumer credit. Combining a home loan and a credit works in the financing of its property can therefore be an interesting operation.

Revolving credit

The revolving credit presents the last solution to finance works. This is the provision by a financial institution of a sum of money that is reconstituted as and when it is used by the borrower. Revolving credit, also known as revolving credit, is a solution that allows for quick cash flow but has higher interest rates than other credits. Revolving credit is a type of unallocated loan since the borrower has the funds freely.

 

The work credit, as a consumer loan , can be subscribed in a bank, with a specialized institution or online. Nevertheless, it is important to compare the cost of appropriations with particular importance to the annual percentage rate of charge (APR), which shows the total cost of credit. The Centrale de Financement offers you its simplified offer:

1) Online simulation of your project

2) Credit application works to complete and print

3) Sending the signed loan agreement with the supporting documents

Loan work: what can be financed?

The loan works allows the financing of all types of work, whether done by yourself or professionals, whether it is plumbing or just the renewal of appliances or a makeover of your living room.

  • Work done by professionals

The work credit directly remunerates the professionals and gives the borrower some security, especially in the event of disputes with a craftsman; since in case of worries the credit works can be suspended the time of the dispute.

  • Work done by yourself

Since the credit can be unallocated, the borrower can use the amount borrowed to pay for the equipment he needs for his work and then realize it himself.

  • Home equipment (appliances, image and sound)

To completely change the kitchen appliances of a kitchen or to equip his house with a latest generation television, the unallocated work credit allows the borrower to freely dispose of the amount borrowed for the equipment of his home.

  • Decoration

It may be to call an interior designer or simply to revamp his bathroom yourself, the credit works offers these opportunities.