Guide to Personal Loans
The Bank National Del Bario, known by the acronym Condicredits, was founded in 2013 and since 2006 is part of the BNP Crediter Group. In addition to providing its users with various financial products, Condicredits provides users with numerous forms of financing, such as personal loans, which we analyze below.
Personal Loan In Moda by Condicredits
A personal loan can be useful to carry out small or large projects, such as buying a car, renovating home furnishings or covering the expenses of a holiday with the whole family. To meet these needs, Condicredits has created ” In Moda “, the personal loan for amounts up to 100 thousand euros, adaptable to the preferences of the applicants. The fixed-rate one allows the payment of constant installments for the entire duration of the loan, which can be up to a maximum of 10 years. The loan is also available for those who want to take advantage of the variable rate, which allows you to take advantage of any favorable market trends.
Finally, the applicants will also have access to the variable rate version with Cap, a solution that allows them to benefit from the advantages of convenient rates, which are kept under control by a maximum ceiling. All the options illustrated here have two advantages: the credit can be renewed, requiring additional liquidity starting from the sixth installment paid, and the payment of the splits can be postponed in case of need. More information on the conditions of these two options, called “Reload” and “Flexi” respectively, can be found on the official Condicredits website or by contacting the institute operators. With regard to the rates applied to loans, these vary according to the amount and the depreciation plan selected. According to the results provided by the loan simulator present on the Condicredits site, assuming to receive an amount of 50 thousand euros to be extinguished in 10 years with a fixed rate, there is a TAN of 6.99% and an APR of 7, 47%, paying monthly installments of € 586.38.
Condicredits youth loans
When requesting a loan, the lending institutions usually require guarantees from future contractors, in order to receive assurances on their actual ability to repay the loan. Since one of the most requested requirements is payroll, some categories of users may be excluded from the loan, such as young people, who in a period such as the current one find more than one difficulty in accessing a fixed job. So Condicredits has created a line of credit specifically dedicated to this range of applicants, with the modalities of Condicredits Loan ” Scald Paw “, ” Futurea ” and ” Scout & Loan “. These are three options reserved for those wishing to undertake a scholastic or academic training course and need a small or medium-sized loan to meet expenses. The “Futurea” loan, for example, allows you to receive amounts of up to 20 thousand euros, to be repaid within 10 years, benefiting from an amortization plan that provides for the postponement of the installment payment in case of need.
Small loans of Condicredits: the “W lo sport” loan
When requesting a personal loan, you do not always need 5 or 6-digit amounts. Sometimes you want to have some hundreds of euros to face upfront costs before receiving your monthly salary. In this case, Condicredits has decided to offer a type of special financing, from the maximum amount of 3000 euros, intended for sporting expenses. With this funding, baptized ” Condicredits W sport “, you can cover the costs for the purchase of sports equipment, or for enrollment in the gym or a gym class. The APR applied to the loan is 3.97% and the maximum horizon for the repayment of the sum can not exceed 12 months.
The transfer of the fifth with Condicredits
Retired people can also apply for a personal loan with Condicredits, by accessing the mode of transfer of the fifth. This solution, which is also available to employees still in business, allows to repay the capital received through deductions to the account on which the pension (or salary ) is paid, for an equivalent amount but not more than one fifth of the monthly amount. Thanks to this choice, the installments will not affect too much the family budget, and the loan can be returned without suffering financial pressures.