The advantages of registration loans:

Posted by CheckmatePhoenix on June 29th, 2019

The personal loan is a simple and effective solution to finance your projects as varied as they are. However, and although it is very common to hear about it, this financial service is still poorly known. Let's take stock of the advantages and disadvantages of the personal loan.

Personal loan: flexible and easy credit

The registration loans is a quick and easy solution for a person who has little money aside and who wishes to make an expensive purchase that will however afford to repay a short time. The latter responds to one-off needs and can fully finance your project, without the need for any input. In addition, the monthly payments are obligatorily fixed for this type of loan which allows you to have peace of mind and not to risk the bad surprises. It is consumer credit with one of the lowest interest rates.

You will also be able to use free prepayments at no cost, which will close your deadlines sooner and eventually allow you to take out a new loan for another project.

Personal loan: a solution that has its limits

However, personal loan also has disadvantages. The most troublesome is actually an advantage. Since the personal loan is not dedicated, the bank cannot vouch for your project and cannot assure you of the good reception and conformity of the goods or service received after the purchase. In case of concern with your purchase, non-delivery or nonconformity, you will be alone in the face of this risk and will still have to repay the due dates because the bank has no follow-up to operate on the latter.

Before you start, it is up to you to take into account these advantages and disadvantages but also to check if the personal loan is the most suitable solution for your project. If the latter concerns work or the acquisition of a vehicle, it may be more prudent to look into dedicated loans. Also remember that even though the registration loans in mesa helps you finance a good or service in a very convenient way, it can increase your monthly charges over the long term. So be sure to check your repayment capabilities and consult your advisor if in doubt.

The advantages of social loan accession:

Underwriting a PAS loan allows the borrower to benefit from personalized housing assistance, to benefit from guarantee fees and reduced filing fees.

Social Accession Loan and APL:

The SAP entitles you to Personalized Housing Assistance (APL). This assistance is calculated on the basis of the composition of the household, its income, and its place of residence. It is possible to estimate the amount of these rights on the website of the Caisse d'Allocations Familiales (CAF). Nevertheless, and according to the site of the loan PAS: "Since 1 January 2018, the APL accession is maintained only for the purchase of old goods in zone 3"

Social Accession Loan and Reduced Warranty Fees:

The loan PAS is subordinated to the establishment of a guarantee of the State: the Mortgage or the Inscription in Privilege of Lender of Deniers (IPPD). By taking out this type of loan, the borrower saves money on the implementation of the guarantee by exempting the property tax.