Some people are reluctant to apply for credit. Just imagining the formalities and negotiations with the bank scares them. Borrowing without a bank is the solution. Indeed, it is quite possible to obtain credit without going through a bank or a financial institution. In such cases, the borrower does not need to sign a personal loan contract with the bank: the loan is made directly between individuals or with municipal credits.

Simulate your loan online

  • Personal loan
  • Auto loan
  • Ready works
  • Consolidation of credits
  • Mortgage

Operation of the loan without a bank

Operation of the loan without a bank

 Today, lending between individuals has become commonplace. Just like the pawnshop, granted by municipal credits.

In the case of a loan from municipal credits, the loan is granted, with the guarantee of the deposit of an object of value. The property put in guarantee can be a jewel, furniture or a table of great value.

The duration of this type of loan varies from one to two years, a fairly limited duration compared to auto credit offers or work loans to the bank. As for the interest rate, it is generally between 9 to 15%. With the pawnshop, the principle is simple: if the borrower can not pay his monthly payments, the lender sells directly the object put in warranty at auction. More and more people who want to face financial contingencies are moving towards this option.

All the more so, that the financial products that municipal credits offer are almost identical to the products of a traditional bank. It is even possible to subscribe to prime rate home loans.

The visible benefits of borrowing without a bank

The visible benefits of borrowing without a bank

The advantage of this type of loan lies in the simplicity of the formalities. Indeed, the borrower can get very quickly the amount he wants, within one hour, after the deposit of the object pledged. Since 2009, this practice has been further highlighted by online platforms.

2.500 € to 7.999 € € 8,000 to € 29,999 30,000 and more
to borrow 2,500 euro to borrow 8.000 euro to borrow 30.000 euro
to borrow 3.000 euro to borrow 10.000 euro borrow 40.000 euro
borrow 4.000 euro borrow 12.000 euro borrow 50.000 euro
to borrow 5,000 euro to borrow 15.000 euro to borrow 60.000 euro
borrow 6.000 euro borrow 20.000 euro to borrow 75.000 euro
to borrow 7.000 euro to borrow 25.000 euro to borrow 100,000 euro