Consumer credit
Consumer credit
Why take out consumer credit with us?
For consumers, consumer credit is a financial solution that often offers the right opportunity to realize personal plans, while still maintaining control over their budget. That is why this comprehensive guide provides all the necessary information to take out consumer credit with a low interest rate.
Whether by choice or necessity, many consumers decide to finance a variety of purchases (such as vehicles, education, etc.) through a loan. In order to make an informed decision, it’s important to consider a few key factors before moving forward. This definitive guide covers everything you need to know about consumer credit.
Let’s get started:
Your consumer credit
- Consumer credit plan
- Credit amount: From €1,000 to €500,000
- Term: 6 to 84 months
- Interest upon withdrawal: From 0.9% (fixed annual effective interest rate)
- Response time: Immediate definitive answer*
- Type: Fixed-rate repayable loan
With Kerick SF you enjoy the flexibility to realize your plans, while maintaining financial stability and transparency throughout our collaboration.
Consumer Credit: Definition and Basic Principles
A consumer credit is a financial loan granted by a financial institution (bank, credit institution, merchant, etc.) to the borrower, under the condition of interest payment. After approval of the amount, it can be used to realize a wide range of personal plans, under certain conditions.
Signing a loan agreement obligates the borrower to make monthly payments until the debt is fully repaid. With the exception of mortgage loans, consumer credit is generally used to purchase goods or services, such as:
- New furniture or household appliances (electronics, computers, etc.)
- Driving licenses
- Cars or motorcycles (new or second-hand)
- Financing of holidays
- Renovation or improvement works to the home
Types of consumer credit
There are different types of consumer credits. In addition to loans with a specific destination, where the use of the funds must be demonstrated, the most common types of loans are:
- Personal Loan: Offers complete freedom to use the borrowed money without any restrictions.
- Revolving credit: The amount borrowed becomes available again as monthly repayments are made. This is very flexible, but can lead to excessive debt if used carelessly.
What is the easiest loan to get?
A revolving credit is usually the easiest to obtain. However, this type of credit can easily be abused, which can lead to permanent budgetary imbalances and serious consequences for households.
Revolving credit should only be used as a last resort, and consumers should be careful to avoid getting into too much debt. In addition, the high interest rates of revolving credit are among the main factors that increase the risk of over-indebtedness.
Your mortgage in just 4 steps
Step-01
Complete the online application form
Enter my details electronically to receive the first initial response.
Step-02
I confirm my identity .
I can attach my documents electronically, by scanning or sending them from my mobile phone.
Step-03
Sign my electronic contract .
I sign my e-credit by entering the confidential code I received by SMS or email.
Step-04
I get my money in less than 72 hours .
You will receive the money as soon as your application is accepted. The money will be transferred to your bank account.
Credit for all your projects .
We aim to guide you on your banking journey with expertise, integrity and a personal approach with high added value.