Loan providers offers you the possibility of consolidating several loans in progress, such as a car loan, a consumer loan or a revolving loan … Real estate loans, meanwhile, have a specific loan consolidation that is detailed in the section “The purchase of real estate loan “.
With such a purchase of loans, you manage your budget more simply and thus more efficiently. Indeed, it allows you to benefit from both a single rate and a single interlocutor for all loans but also to pay only one monthly payment, the date, duration and amount are defined according to your needs and your projects. The loan repayment period is between 6 and 180 months (15 years) while the loanable amount can vary between € 1,000 and € 250,000. The fees are negotiable.
This financial product offers you the opportunity to reduce the total amount of your monthly repayments by extending the repayment period. This is a viable solution against overindebtedness.
Minimum amount: € 1,000
Maximum amount: 250 000 €
Minimum loan period: 6 months
Maximum loan duration: 180 months
Application fees: Negotiable
Purchase of real estate loans
The loan providers real estate loan buyback allows homeowners to consolidate all their loans and to take advantage of the many advantages provided by loan consolidation: lower monthly payments, contact with a single interlocutor … Your advisor will suggest a fixed or variable rate which will range between 2.00% and 2.55% for your mortgage purchase. This rate is calculated without the borrower insurance, the file and management fees. The repayment term of the loan is 15 years.
Fixed rate for repurchase of mortgage, 4th quarter 2015
Duration of the 15-year loan consolidation
Highest rate: 2.55%
Lowest rate: 2.00%
Rate of repurchase of real estate loan calculated except borrower insurance, expenses of file and expenses of management.
Benefits of loan providers
The loan consolidation proposed by loan providers allows French households to control their debt. Many families have opted for this refinancing solution and have emerged from their problematic situation after a few years. They have even been able to envisage new projects thanks to the adaptation of the monthly payments according to their incomes and the personalized follow-up of a single adviser to know-how.
An online personal space allows you, among other things, to contact your advisor, to follow the progress of your reimbursement and the flow of the monthly payment.
Simulation of loan consolidation
Loan providers offers you an online loan simulation. This free and personalized service will guide you in your choice of financing so that it is the most adapted to your situation. Targeted simulations will enable you to better prepare your loan consolidation request by indicating in particular the total cost of the operation as well as the cost of the loan at the fixed interest rate. This tool gives a good overview of your future grouping request. In loan consolidation simulations, loan insurance is rarely included. This insurance, often optional, can be purchased if you feel the need but it may happen that it is imposed in the terms of the contract.
If you wish to make your request for loan consolidation in the process, you will need to fill out the contact form. An advisor will contact you once your request is processed. However, it is advisable to make an appointment with a bank advisor to make a more personalized study of your situation, by phone or agency. It is recommended that you go directly to an agency to study your situation as a whole and to negotiate some elements such as the fees. Refer to the “Contacting loan providers Customer Service” section.