The group offers financing solutions through Bank, its credit specialist branch. The Bank personal loan makes it possible to finance any type of project (purchase of a used car, travel credit, etc.).
The personal loan, without proof of use of funds, it is always offered at a fixed APR rate. Let us take a look at the conditions of Bank’s personal credit, before comparing its offer with that of other credit specialists.
The conditions of the Bank personal loan
The Bank personal loan is open to all individuals . Let us take stock of its main characteristics.
- Amount: $ 3,000 to $ 75,000.
- Duration: 12 to 84 months.
- The monthly payments are known in advance, thanks to the presence of a fixed APR rate.
- All individuals can claim the Bank personal loan.
- It is a personal loan without proof of use of money.
- You can repay your loan in advance.
- It is possible to postpone certain monthly payments to compensate for unforeseen expenses.
The Bank personal loan can be obtained without having to justify the use of funds . However, credit should not be confused without proof of use and credit without document to provide. The usual credit documents (identity document, salary slips, proof of address) are compulsory. They will allow Bank to check the repayment capacity of each borrower.
Good to know : The Bank personal loan will not be canceled if the project, whatever it is, is not carried out. This is also true for any personal credit without proof of use of funds.
Is the Bank personal loan competitive?
It is by comparing the APR rates of the Bank personal loan with those of other credit organizations that we can judge its competitiveness. Our comparison focuses here on two popular formulas: a 5,000 USD loan over 36 months another 10,000 USD loan in 60 monthly payments.
The Bank personal loan of 10,000 $ over 48 months was the cheapest on the market at the time of our comparison. On the other hand, this is not the case on the 5000 $ loan, whose APR rate is much higher than that offered by the number 1 organization. We realize through this simulation the importance of a comparator of credit.
Compare the best rates, a compulsory passage
It is strongly advised to compare the best personal loan rates upstream before going to a specific site . Our comparator is designed to offer at a glance a personal loan at the best rate. Above all, it guarantees up to three immediate responses, subject to having taken care to apply for a credit. Organizations do not accept applications in the same way. It is thus classic to see his request go to a specialist but another refuse the conditions.
personal loan or conventional bank credit?
The personal loan in bank is generally granted only to historical or privileged customers . Based on this fact, you really have to want to go through a bank – whether online or conventional – in order to get good credit. The APR rates offered by banks are also often not very advantageous, except for operations reserved for students or young workers.
How to obtain the Bank personal loan
The Bank personal loan is mainly an online loan. It is by completing a form on the Bank website that you can get a first response in principle to your credit request. Let’s take a step-by-step look at how to get the Bank personal loan.
- You must first select your project on the home page of the site, as well as the desired amounts and durations.
- Once the first step has been validated, a summary of the conditions of the chosen Bank personal credit is obtained.
- The validation of the conditions gives access to the online credit request form.
- Five minutes later, we get an answer in principle.
- A positive response leads to the creation of the personal loan contract.
- then obliges us to send the contract, accompanied by supporting documents, in paper version.
- Once the Bank personal loan has been accepted, the organization will not be able to pay the funds from the eighth day *.
- The consumer has 14 days to withdraw
Bank personal loan: our opinion
The APR rates of the Bank personal loan should not be ashamed of those of the best credit organizations (Bankate, Yoabank personal loan, Bankil personal loan). The interest of Bank credit offers will depend a lot on promotional periods. This is the case for all credit players, and the reason why it is interesting to go through a comparator.
The small downside of the Bank personal loan is the impossibility of signing it electronically . Unlike several credit specialists, the group therefore always requires that its contract (printed or sent to its home) be returned in paper version. This step slows down obtaining credit by a few days. On the other hand, it is possible to obtain a first response in principle accepted but refused when examining the supporting documents. The reason is not always clearly mentioned.