It is possible to subscribe to a consumer loan offer without going through your bank, just ask the services of a lending organization.
Consumer loan without going through a bank
Banks have access to the banking profile of their customers and therefore offer them products that may not always interest them with the best conditions, this is also the case for consumer credit.
Therefore it is often more interesting to turn to a credit agency or a banking intermediary to take advantage of much better conditions and without the eyes of the bank, which has a view of the entire history of its client.
Borrowing without the banks: advantages
The first advantage of taking out a consumer loan without a bank is the possibility of obtaining a more advantageous rate and more attractive conditions, it is the “new customer” effect. The lender will often offer advantageous conditions.
The second advantage is the new vision of the lender who will be based on the latest account statements, so he will not judge his client over several years but rather over a short period, so a small incident happened several months before will not be taken into account.
Finally, banking products from consumer loan specialists are often better suited to the borrower’s needs. The offers of the banks are not always very removable and adapted to the needs of the applicant.
The limits of this funding method
Taking out a loan is a commitment, that is to say that the borrower agrees to repay his debt, so you have to make sure you are able to honor your commitments. You should also be wary of advantageous offers with very low rates because in some cases, the lender will make up for it by offering expensive insurance, so you must read the conditions carefully and do not forget to negotiate the insurance.
Finally, it may be more advisable in some cases to group your credits and add to the financing an amount that will cover the project related to the consumer loan, so all the credits give way to one and the monthly payment is reduced.