The revolving credit (eg permanent loan, revolving credit or cash reserve) allows you to have a credit for all your purchases and without proof of use of the funds.
You are free to use this money as you see fit, buy a car, finance a need for cash, cope with an unforeseen …
The monthly payments and costs listed above are based on a repayment in monthly installments but credit agencies may offer different repayment terms for this type of financing. On the other hand, the APRs which really make it possible to compare the credits are perfectly identical to those proposed. To have the exact monthly payment do not hesitate to make a simulation by following the button “See the offer”.
The offers selected above take into account the new law on consumer credit, according to which a personal loan offer must accompany the offer of revolving credit and give you the choice. In addition, promotional offers for new customers are also taken into account.
A revolving credit commits you and must be repaid. Check your repayment capacity before you commit. The results of this comparator are given for information only, for a precise study you must make your request online with the credit organization.
Choose the cheapest revolving credit
The revolving credit, although it operates in a very particular way it is part of the consumer credit, as such and following the latest changes in the consumer code, the Lagarde law requires transparency to display the APR (Rate Annualized Global Effective) on all credit offers and advertisements.
The APR is a rate that allows you to estimate very accurately the cost of your credit. It takes into account the base rate, all the costs related to the subscription of the revolving credit and the possible loan insurance which remains optional.
Be careful with the use of this type of credit you have a reserve that automatically feeds and is renewable as soon as you spend the bank recharges your account and interest short so be careful. You will find the loan offers in detail under the heading of revolving loans.
A revolving credit, why do?
Revolving credit is the credit that you do not have to use immediately and that costs you nothing until you use it. The financial institution or bank grants you a loan for an amount based on your budget. You can dispose of the money from this loan as and when you need it. For example, you want to offer an object or a trip, you do not have the necessary amount on your current account, the revolving credit allows you to buy it, you will refund in several monthly payments without having to file a credit report in a financial institution since you have already got it.
It is used for emergencies you have nothing and you do not want to start your savings, or have agios that lead to your account statements, a wedding, a trip, shopping desire ..
You do not have to justify the use of the money lent, it is a credit without justification. This is what distinguishes it from a conventional consumer credit. Another peculiarity, if you do not use it, there is no charge.
The revolving credit, ex revolving credit or money reserve, what is it?
The money reserve is a revolving credit, term use now to talk about this type of very particular credit. Also known as “revolving credit” or “money reserve”, permanent credit is commonly used.
Revolving credit is a kind of personal credit for which you do not have to justify the use of funds. It is the fact that it is renewable that makes it unique compared to a conventional consumption credit. Another peculiarity, if you do not use your credit, it does not cost you anything, which is why it was called money reserve or revolving credit.
The revolving credit is usually entered into for one year and automatically renewed for as long as you owe money. If you have fully repaid your revolving loan or have never used it, every 3 years the financial institution must send you a document to renew it voluntarily.
It is the fact of using the available credit that will trigger monthly repayments. These monthly payments are generally scheduled at the opening of the account, but you can modify them during the contract by calling the financial institution. Each monthly repayment comes to credit the account of your revolving credit, your reserve is reconstituted, (except the interests and the insurance) which makes it possible to use again the available credit.
In any case, if you can in relation to your project, it is better to make an assigned credit that will be cheaper than an unallocated revolving credit.
The rates of the revolving loans indicated are APRT Revisible, they are given only indicative knowing that they correspond to the minimum applicable rates which will be likely to evolve after the analysis of your file.