Because life is full of surprises, we are never immune to unforeseen expenses. Whether to buy a house, replace an old car or renovate the insulation system to end the energy loss, there are many reasons that can lead to loan to banks and other loan institutions established in Belgium.
These professional lenders will offer you the necessary amount for the realization of your projects, and over time, you will be able to repay gradually the capital with interest and fees.
Different forms of loan for individuals
For individuals looking for financing solutions, loan agencies offer several loan formulas adapted to each situation: mortgage loans and consumer loans. If you need a lot of money to buy land or a house, or renovate an apartment, for instance, the mortgage loan is best for you because the real estate you bought with it Loan money will become the necessary guarantee and you have a long time ranging from 10 to 30 years to repay everything.
Depending on your financial capacity and your real expectations regarding this mortgage, you will have the opportunity to choose between a fixed rate loan formula, which helps you to predict the amount of a monthly payment and a variable rate loan that will allow you to benefit advantageous interest rates following the evolution of the loan market in Belgium.
On the other hand, if you need a much smaller amount to pay back in a few months, the consumer loan is the formula you need. These are several lending formulas for individuals that perfectly meet their financing needs, whether for private projects that do not require the use of supporting documents, or loans allocated for the purchase of a specific good or service such as car loans or travel loans.
If the mortgage is the essential solution to acquire real estate, consumer loan is suitable for individuals requiring a source of agent to finance personal projects through a personal loan. By definition, consumer loan refers to any loan taken out for the purchase of non-real estate property, that is, the money can not be used to purchase a house or land, but only property. equipment (car, appliances, furniture, etc.) or services (organization of a family event, interior decoration work, etc.).
From the exit of the consumer loan advertising offer to the repayment process by the individual, this loan formula is regulated by the Consumer Code, and this, in order to protect consumers against the risk of over-indebtedness.
Consumer loan: several possibilities
Constantly listening to the needs of individuals, Belgian financial institutions have created various forms of consumer loan. Thus, you have the installment loan that provides you with a certain amount of money that you will use freely for a service or purchase, but that you will repay by fixed monthly installments for a predetermined period in the contract.
Then comes an installment sale where consumer loan is used to purchase a specific good or service, in return for monthly repayments. You also have finance lease or leasing that allows you to rent a car, a computer or any other good for a certain time, and at the end of this period, you will be able to buy the good for the price displayed in the contract. As for the opening of loan, it constitutes a financial reserve that you can use to meet your needs, in exchange for a periodic reimbursement.
On www.pret-simulation.be, you have the possibility to make free and without commitment a simulation of different forms of consumer loan adapted to your needs.
To do this, simply indicate the amount you hope to borrow and the duration of the loan, and the results will show you the proposals of the Belgian loan institutions that best meet your expectations, whether at the annual rate overall APR, the amount of a monthly repayment and the total interest payable over the life of the loan.
Variants of loan for individuals
To make loan a responsible act, Belgian financial institutions now offer several types of loans tailored to each of your needs.
To finance the car of your dreams, whether new or used, Belgian banks and loan intermediaries offer various forms of auto financing. Indeed, the car loan can be taken out in the form of an installment loan to borrow up to 100% of the price of the car, in exchange for fixed interest rates and monthly repayments, the number and amount of which are determined at the advance in the car loan agreement.
To access a car loan form, you can either contact your banker directly for an installment loan or contact a loan company working in partnership with the car brand of your choice to make a sale or loan. at will, or ask for help from a loan broker who will guide you and advise you to find a car loan at a better interest rate.
The loan works
You want to do some renovation work to improve your living comfort, but do not have enough money to do it? The loan works meets your needs because it is an installment loan formula that you can use freely to realize your projects.
Moreover, the offers of the Belgian loan institutions in terms of loan work are competitive, so do not hesitate to use our personal loan comparison to make a free remote simulation that does not commit you to anything at this stage of the process to find the loan formula that best fits your needs, whether in the form of a personal loan to finance the DIY work that you could do yourself, or specific renovations that require the intervention of specialists who justify the final use of the funds released.
And to finance green work, turn to energy lending
The marriage loan
That’s it, you could fix the date of your wedding and you just have enough time to organize everything. To make this day a memorable one, go for a wedding loan for financing. Indeed, the organization of a wedding requires a substantial budget, whether to buy the wedding dress and the wedding suit, the wedding rings, the rental of the reception room, the invoice of the caterer, etc.
Fortunately, loan institutions understand this financial difficulty and are now offering marriage loan formulas in the form of a personal loan where an amount will be borrowed in exchange for several fixed interest rate repayment payments.
To reduce the cost of your wedding loan, set the necessary budget in advance and use this figure to do loan simulations on online banking sites and personal loan comparators to choose the most advantageous proposal.
In the same style there is also a holiday loan which as the name suggests can finance a holiday.
Without having to touch your savings, indulge yourself and buy the two-wheelers of your dreams with a motorcycle loan. Whether it is a new or used model, Belgian banks and loan organizations offer you installment loan packages adapted to the acquisition of a motorcycle, and this, with a rate of advantageous interest and a repayment schedule organized in such a way as to always respect your financial capacity, thus allowing you to never sacrifice the household budget.
What’s more, the motorcycle loan application is now online to speed up the loan application and lending process and you have expert advice to guide you.
The repurchase of loan
With the mortgage, car loan and consumer loans that have been used to develop your living space, you can not manage well all your current loans.
What if you opt for a loan redemption? This is a financial transaction that aims to consolidate all your outstanding loans into one single loan, while reducing the amount of a monthly payment, against a longer repayment period.
The purpose of the loan redemption is therefore to consolidate all outstanding to benefit from a reduction on the total cost of loans, while allowing you to better manage your loans and avoid a situation of debt or over-indebtedness.
The small loan
With a small loan, you borrow smart because you limit yourself to the minimum amount necessary for the realization of your project.
What’s more, it will be easier for you to convince your banker to give you this loan, which will be used to finance a purchase or service that you really need, and at a more affordable interest rate because the more you can reduce the repayment term of the loan, plus you decrease the total cost of this loan.
The small loan is the solution for you if you already have a clear idea of what you want to achieve and know the amount you will be willing to pay to repay the loan throughout the term.
The mortgage of a real estate is the particularity of mortgage loan. Often used for the acquisition of a land, a house or an apartment, the mortgage gives you access to a large amount of money that you will repay in the long term, over a period between 10 to 30 years, in exchange for a guarantee that can be the good bought with the unlocked funds, or another independent good.
If you are no longer able to repay the loan, the bank has the right to seize the property under mortgage and sell it to recover the money from the mortgage loan. If you own a property, you can also subscribe to a mortgage loan to finance personal projects, buy property or pay off a loan.
To make your life easier, financial institutions in Belgium provide you with loan cards. These are payment cards that allow you to make payments and cash withdrawals without the amount being directly debited to your account.
Indeed, the money is advanced for a short period and this amount will then be deducted at a fixed date each month. It should be noted that obtaining a loan card is always done after signing a loan agreement, while the debit card has limited use outside Belgium and Europe, which is not not the case of loan cards that work around the world, especially for remote payments.
On the other hand, the loan card has a limit and the maximum amount for payments is set by the bank which refers to your financial capacity.
loan between individuals
loan between individuals is a financing solution set up for anyone wishing to borrow money, without having to go through the banking system.
Depending on your needs, this action can be done in the family or friendly, and you can set the terms of the loan yourself whether interest rates, the duration of the loan and the amount borrowed. But to avoid conflicts, it is better to ask the help of a lender and respect the formalities to follow.
Thus, the loan between individuals must be carried out in compliance with administrative standards, including the existence of documents acting as a guarantee such as photocopies of identity cards, the address of domiciliation, the photocopy of payslip, the draft d purchase and written proof of the transaction.