The loan furnishing

The loan for the home is a particular type of loan that allows you to obtain liquidity for the main needs that affect the home. Among the most widespread purposes of this loan, we find the furnishing loan.



The furniture loan can be used to buy a part of, or the entire home furnishings. This type of financing can be provided as:

  • personal loan: the buyer receives the required sum on his account, pays it to the seller for the purchase of the furniture, and reimburses the loan according to the installments provided for in the amortization plan;
  • finalized loan: in this case the retailer has established an agreement with a leading financial institution and proposes to his client the activation of the loan which is bound to the purchase of the specific asset. If the investigation is successful, the sum of money is delivered directly to the seller, while the buyer reimburses the debt in accordance with the amortization schedule.


No specific guarantees are required.


The law states that a furniture loan contract must contain the following elements:

  • the interest rate charged;
  • any other price and condition applied, including the higher charges in the event of default;
  • the amount and methods of financing;
  • the number, amounts and expiry of the individual installments;
  • the annual percentage rate of charge (APR);
  • the detail of the analytical conditions according to which the APR can possibly be modified;
  • the amount and purpose of the charges that are excluded from the APR calculation;
  • any guarantees required;
  • any insurance coverage required and not included in the APR calculation.



The law guarantees the consumer the possibility of early repayment of the loan . If the consumer decides to choose this option, in addition to the repayment of the residual capital, he could pay a penalty that must not exceed, by law, 1% of the financed capital; the exact terms of the penalty are reported in the signed contractual conditions.


Below we illustrate in a schematic way some specific evaluation criteria of the furnishing loan.

  • Risk policies: each Institute applies its own risk policy in the assessment of requests, based on the statistical data it has (credit scoring). This data is the tool that allows the Institute to keep insolvencies below a certain level.
  • Income level: the acceptance of the requests is normally also subordinated to the evaluation of the income level of the applicant and to the relationship between the latter and the possible repayment installment.
  • Creditworthiness: the creditworthiness of the applicant is of great importance. It is important to emphasize that this evaluation has no “moral” meaning. The Institutes are limited to estimating the level of risk connected to each request, also on the basis of the indications transmitted by the Central Risks. If the credit history of the applicant has some “flaws” (delays in repayments of previous loans, unpaid debts, etc.) the probability of the request being accepted is obviously lower. In some of these cases a valid alternative is constituted by the Assignment of the fifth: this solution, offering the appropriate guarantees to the financing Institute, allows the adoption of more flexible evaluation criteria.


Furniture loans are provided by financial institutions and banks. They do not require specific requirements, except for a certain income and a credit position of the applicant for the loan which confirms adequate financial reliability of the same.

Auto Loan Simulation

Buying a new car is an investment and an important step in improving one’s everyday life. Consumer credit can be the ideal solution to finance such an acquisition.


The characteristics of a car loan

car loan

Several options exist for financing the purchase of a vehicle. Whatever the borrower decides to choose, it will be a form of consumer credit. This includes loans, the amount of which is often between 200 and 75,000 euros (the maximum amount to benefit from the protection of the consumer code).

It is possible to subscribe to banks, institutions specializing in credit or directly to dealers under an assigned credit or a LOA (lease with option to buy). The repayment of the sum borrowed as well as interest is made in monthly installments over a period which varies from one institution to another but which is generally greater than 3 months and does not exceed 7 years.

The solvency of the borrower is systematically examined by the lender, his debt can not exceed 33% of his income. The credit institution must also check if the borrower is not prohibited banking in which case it will not be possible for him to obtain the loan.

The contract must include the type of credit, the amount of the loan, the monthly payments, the repayment term and the credit rate expressed in the form of APR (annual percentage rate of charge). Following the signature of the contract, the borrower has the possibility to return to his commitment for 14 calendar days. The borrower can also at any time, repay part or all of its loan in advance. However, a prepayment fee may be required by the lender.

It is possible to postpone deadlines once or twice a year, depending on the lender. Often, the borrower also has the right to change the amount of his repayments up or down, once during his loan.

Interest rates may vary from one lending institution to another, however, they can not exceed the usury rates established by the Banque de France each quarter. These depend on the amount of loans (less than 3000 euros, 3000 to 6000 euros or more than 6000 euros) and are the same for all consumer loans.

The borrower insurance guarantees repayment of the credit in the event of death, disability or incapacity for work. It is optional and the borrower can subscribe to the institution of his choice, which may, if he wishes, be different from the one from which he decides to apply for credit.


Assigned credit, personal loan or lease with purchase option?

personal loan

First, among the loans that can finance the acquisition of a car, there is the credit allocated. This is a credit that you can subscribe with banks, institutions specializing in credit but also dealers. It is a loan directly for the purchase of a vehicle, so the amount borrowed cannot be used to finance other projects and will be paid directly to the seller. The amount of the loan corresponds to the price of the vehicle purchased and generally, it can not exceed 75,000 euros.

If the borrower decides to choose this type of loan, it will be asked, in addition to the standard vouchers, a document to certify the reality of the purchase. The assigned credit is in general, the best option in the context of the acquisition of a vehicle because it puts in place various protections for the contracting parties. For the borrower, this is a real benefit if a problem arises with the sale of the car or if it is canceled, in which case it will not have to repay the credit.

If there is a dispute between the buyer/borrower and the seller, the seller must return the amount collected to the lender, who in turn will repay the installments that have already been paid by the borrower. The interest rate of the assigned credit is often lower than that of the personal loan since the purchase of a specific object constitutes a real guarantee for the lender, which reduces the risk to him.

In the case of a personal loan, the sum released by the bank or credit institution does not have to aim to finance the purchase of a car alone and may be intended to finance projects of any kind. kind. Thus, the borrower can dispose of the money as he wishes, without having to provide evidence of its use. However, if a problem arises with the sale of the vehicle, the borrower will still have to repay the entire amount of his loan.

In addition, the interest rate is generally higher than that of an assigned credit because the bank does not have a real guarantee related to the purchase of a specific object and the acceptance rules are stricter because the borrower does not have to justify the use of funds.

Finally, the last option is possible: lease with the option to purchase (LOA), also called leasing. It is a form of consumer credit that allows the borrower to pay rent each month for the purpose of acquiring property (here, a car) temporarily or permanently.

This is an interesting option in the case where the borrower is not sure of wanting to acquire the vehicle permanently, it allows him to be a tenant for 12 to 72 months. Once this period has passed, the borrower has the choice between returning the car to the seller or buying it at the price remaining to be paid. The first rent is paid upon signature of the contract and may include a security deposit, which may be a fixed amount or a percentage of the value of the vehicle, if required by the seller.


How to perform a simulation of a car loan?

How to perform a simulation of a car loan?

To better understand your needs and tailor your loan application to your repayment capabilities, you can perform an online simulation. This one is free and without commitment. To do this, you can go directly to the website of the bank or institution specializing in the credit of your choice or, first, to use an online comparator. This one will allow you to compare the various offers of the market in order to find the one which will correspond you the best.

To perform a simulation, simply fill in the requested fields on the relevant page of the site of your choice. You can vary the amount of money you want to borrow, the monthly payments and the repayment period. You can even run multiple simulations to find the best deal for your situation. Depending on the characteristics of the loan you have requested, you will then have a proposal that will include the fixed annual percentage rate of charge (APR), the monthly payments and the total amount to be reimbursed, including the application fees.

Then, once the credit offer has been chosen, you can apply for online financing by completing a form that will be offered to you. This will include your personal and professional information, necessary for the study of your file. In general, following this operation, it is possible to obtain an immediate principle response. You will then receive an offer of credit agreement by mail that you simply sign and return to the lender, along with the supporting documents requested. The money will be released following the final acceptance of your application for funding.


What supporting documents are requested for a car loan?

What supporting documents are requested for a car loan?

Certain documents are necessary in order to be able to finalize the study of the file of the borrower and they are to return to the lender accompanied by the signed contract. Among the essential supporting documents in the context of a car loan, we find:
– A valid identity document (national identity card, passport, residence or residence card …)
-A proof of address (electricity bill, property tax, rent receipt …)
– Proof of income (last tax notice, last payslip, certificate of family benefits …)
-A bank account statement (RIB)
-Voucher of purchase of the vehicle (if you apply for an assigned credit)
However, this list is not exhaustive and the institution from which you have applied for funding may require additional documentation.


Example of auto credit financing

Example of auto credit financing

Interest rates vary by institution. For an auto earmarked credit, the rate is often between 4.5 and 9%.
Take the example of a credit car (loan assigned) of 10 000 euros over 3 years. According to the credit institution, the monthly payments should be between 282 and 315 euros and the total amount of credit should be between 10 152 and 11 340 euros, these amounts not including promotional rates and optional insurance.

For the same credit but whose contract extends this time over 5 years, monthly payments will be lower, between 170 and 200 euros but the total cost of credit will be higher, between 10 200 and 12 000 euros. top

Loans and Grants to Finance your Business

The search for financing is an integral part of the entrepreneur’s job because, to start a business or develop a project, money is needed. Yet, getting a loan is often an obstacle course for a business owner. Indeed, financing your business can seem complicated when this issue is very far from its original job, to which is added the multiplicity of solutions that sometimes confusing. Loandikapi presents the different ways to finance its business: crowdlending, banks and grants.

A professional loan is an operation by which an economic actor called a lender gives a professional beneficiary a sum of money, against future payment by the latter of interest and repayment of the sum lent. A professional loan can be contracted by many socio-professional categories and in particular the liberal professions, craftsmen, tradesmen, farmers, VSEs and SMEs, self-entrepreneurs or associations.

Professional credit addresses three broad types of financing needs. It makes it possible to finance the equipment of a company (purchase of equipment, machines, vehicles, etc) but also to acquire and / or to build premises, offices, grounds, warehouses, … Finally, a professional credit can serve to a specific need for cash.


The crowdlending

The crowdlending

The crowdlending, instructions for use

Crowdlending, or crowdfunding loan, is a form of crowdfunding. It is a crowdfunding activity that relies on bringing together project leaders in general (most often entrepreneurs) who are in need of cash with investors, individuals or professionals. Investors finance the company in exchange for bonds. This method of financing, which used to belong only to banking organizations, has now become democratized and individuals and institutions can lend directly to companies for the sake of interest and thus participate in the real economy.

With the expansion of this system, a framework has been set up and there is now a label “Platform for crowdfunding regulated by the French authorities” was created. We strongly recommend that you get in touch with the registered websites, which is a sign of seriousness for yourself as well as for individuals who will be more confident and will lend you the money your business needs. You can find all our tips on crowdfunding and regulations in our article Comparative crowdfunding crowdfunding.


The advantages and disadvantages of crowdlending

The major advantage of using a crowdfunding platform is the ability to “test” your project on the market. In addition, you can finance a project that is only at the idea stage, without necessarily having a finalized product. Finally, it’s a way to communicate about your project while finding funding. The “investors”, who will certainly be your first customers, will also be your biggest RP because they will not hesitate to talk about your company to ensure success (and incidentally recover their stake with interest).

While it has many benefits, keep in mind that this type of funding is slow to implement and requires ongoing communication to achieve its funding goal. In addition, the sums collected are often less than 100 000 € and more generally of the order of 20 000 €, a bit just to start a project.

In addition, the limitation in time can prevent you from achieving your objectives, which is detrimental to two titles: you will not get your funding and it will make you less credible thereafter.


The professional loan via a bank

The professional loan via a bank

Professional credit works the same way as a credit for individuals. There are no fixed and immutable standards of personal contribution in a business creation, takeover or financing project. If a contribution is generally expected, it varies from one bank to another and from one project to another, but you will most often have to provide 20% to 50% of the financing needs of your project.


Prepare your file carefully

Your file must include a number of supporting documents: national identity card of the company manager, Kbis extract from the company, the last three balance sheets or a forecast (if it is a company undergoing training or a young company), proof of domiciliation and bank statements of the entrepreneur. Be careful, however, each financial institution may require the provision of additional documents such as guarantees, sureties or the statutes of the company.




You will give your complete file during the interview with the lending institution to which you will apply for your professional credit. Your attitude, the clarity of the presentation of your project, your motivations, the relevance of the explanations of your needs and resources is decisive to obtain the loan. Do not hesitate to train. Also be sure to provide a document detailing the project to be funded, the business activity, the goals to be achieved and the investments needed.


Play the competition

Play the competition

To subscribe to your professional credit with a bank, call in the first place your personal bank but do not stop at this single financial institution and run the competition.

You can also use a credit broker who has the skills and experience to negotiate with banks and offer financing solutions tailored to your project.


Subsidies to finance his business

Subsidies to finance his business

Grants are another way to finance your business. You can call on the state, Europe or specialized bodies. Beware, however, these subsidies are usually aimed at specific types of businesses.

Indeed, the state can also help you obtain funds for many circuits. NFI, created at the end of 2012, is a sort of public finance supermarket in which everything is found: grants, loans, bank guarantees, capital, etc. But think about the research tax credit that subsidizes companies that meet specific criteria for research and development. development or credit innovation that allows already established companies to recover some of their innovation-related investments. This credit is reserved for companies with fewer than 250 employees and a turnover of less than 50M euros. Finally, the ACRE (help to the unemployed person creating or taking over a business) allows a partial exemption from social security contributions for one year and support during the first years of activity.

Although grant application files take a very long time to complete and even if these grants are difficult to obtain due to high demand and numerous criteria to be fulfilled, they are an ideal financing method since no financial compensation is required. are requested and therefore can significantly limit your risk taking.

The information here and its publications are given for educational purposes. In no case do they constitute investment recommendations. The reader should study the risks before making any transaction. He is solely responsible for his investment decisions.

How to get a cheap job loan?

Do you want to do work in your current home or in your future home but you do not have the cash to carry out your projects? The loan works is there to help you finance these expenses, whether to redo your kitchen, enlarge your home, renovate a room or do insulation work to reduce your energy bill.
There are several kinds of cheap loan work:

  • The loan works in the form of a personal loan

    The loan works in the form of a personal loan

The loan works in the form of a personal loan, also called consumer credit, can be offered by all banks, and credit agencies. It can be subscribed for any type of work, whether done by a professional or by yourself. The amount of the work credit must be less than or equal to 75 000 €, with a duration equal to or greater than 3 months, without exceeding 10 years.

The loan rate will be a fixed rate, which will be around 4 to 5%, which will depend in particular on the amount borrowed and the duration of the loan. The repayment schedule is defined in advance, on the basis of fixed payments. This relatively simple option attracts many borrowers. No contribution is required to apply for a loan work in the form of a personal loan.

If you want to carry out specific work such as insulation or renovation work, there are also some ready-made renovation works or ready-made insulation work, which can be granted with cheaper interest rates than the loan works.

With a personal loan for work, it is possible to finance your work, even if you do it yourself, without having to provide proof, such as invoices for the purchase of materials. If the work is done by professionals, you also do not need to provide the bills.
The requested funds will be released as soon as your work loan is accepted.


  • The loan works in the form of mortgage

    The loan works in the form of mortgage

The loan type work loan, must necessarily be greater than 21 500 euros. It is preferred if you have to carry out major masonry work, plumbing, electricity or if you need to remodel attic, install a kitchen or a veranda. The terms allowed for this type of cheap loan work may be longer than for loan type personal loan work but you will have to justify the use of the funds.

You will need to provide your bank or credit institution with a minimum quote of € 21,500 to be able to apply for a cheap loan. The main advantage of this loan is that interest rates are often lower than those of personal loans for work.

Deadlines for obtaining funds are longer for this loan work because you have a period of reflection of 10 days before you commit. You will also be asked to provide in addition to quotes, invoices to justify the use of funds.


  • Works credits aided

The 0% work loan usually comes in addition to a real estate acquisition loan. It is possible to subscribe to a zero-rated work loan, for the work to be done as part of the purchase of housing. Also called PTZ this loan allows to finance the purchase and possibly work during the acquisition of a new house, an old housing whose works represent 25% of the total cost of the operation. You will have to justify your expenses and provide the invoices in order to unlock the necessary funds for the works.

Eco-loan at zero rate, it will be preferred if you want to perform work to improve the energy performance of your home, for housing built before 1990. This loan will be granted to you subject to resources, for a maximum amount of € 30,000 over a period of up to 15 years.


Who is the loan for?

The work loan is open to all, subject to the eligibility conditions of each bank or credit institution. Your guarantees must be solid to get your credit work, that is to say you must have a stable job, good income and regular, have a good ability to save, and not be stuck at the Bank of France.

In the event that your loan application works is accepted by the financial institution, you will receive a loan offer, in which all the features of your credit will be stated. Take the time to read this loan offer, and ask any questions you want before you commit.

How to find a cheap loan work?

How to find a cheap loan work?

In order to help you find the cheapest loan work, we advise you to compare different loan offers via online comparators. You can also apply to your bank, or to a bank where you are not a customer.

To compare offers via a simulator, you will need to fill out a form with some information about your project:

  • the amount of the work loan desired as well as the type of work to be performed,
  • the duration of the loan
  • your profile: your family situation will be requested, as well as your date of birth, the date of birth of the co-borrower if you borrow at 2, the number of children you have in your charge, the name of your bank as well as the year of opening your bank account, and the type of credit card you have. Your professional situation will also be asked, namely, your profession as well as your sector of activity, the type of your employment contract (permanent, temporary, temporary …), but also your income as well as the amount of your rent or your mortgage, if you are a tenant or owner.

Once all this information is entered, the simulator will be able to offer you several cheap loan offers, the most advantageous rates, at the highest interest rates. Of course, the credit rate is not the only criterion to be taken into account, it is also necessary to compare the various expenses of each bank or credit institution.

According to a barometer of January 2017, the average rate for small jobs, between 3,000 euros and 9,999 euros varies between 4 and 10% for a period of between 12 and 72 months, and the average rate for heavy work, between 10 and 000 and 30 000 euros, varies between 2 and 5% for a loan period of between 36 and 96 months.

Regarding the rate, it is important to distinguish the posted rate, which can be called the TNC (the Conventional Nominal Interest Rate), which can be tempting, and the APR, the Global Annual Effective Rate, which gives it a accurate indication of total credit, including insurance. Indeed, the lower the interest rate, the less money your work credit will cost you.

To be certain to choose the best loan offer works, and therefore the cheapest loan work, the best indicator to take into account is therefore the total cost of credit. For two identical amounts and two identical loan durations, choose the organization that will offer you the lowest total cost of credit.


There are also criteria that can be important regarding the choice of bank or credit institution. Indeed, some financial institutions may offer you some flexibility regarding your monthly payments, such as the possibility of postponing a monthly payment in the event of a hard blow, or reviewing its monthly payments downward or upward. It is important to note that the longer your monthly payments, the longer your credit will take, and the higher the total cost of credit.

When you have chosen the most advantageous job loan offer, simply make a request, which you can mostly make online, or in the bank selected. The bank or credit institution will ask you for documents such as a photocopy of your ID, your latest pay slips, proof of address, your latest tax notice, and your latest bank statements.

Once your application for cheap loan work is sent to the credit agency, it will be able to determine based on your financial situation whether it grants you the loan or not. Banks and credit organizations will ask you to justify a stable job and sufficient income. They may refuse you for example the amount requested, or the desired duration, but offer you another offer of personal credit, with a lower amount, and a longer credit period.

The loan works remains a credit, so you agree to repay it. It is therefore necessary to check your repayment capabilities before you commit.