Best credit: which loan to choose for each project?

Find the best credit thanks to the N ° 1 credit comparator on the web and take advantage of the lowest rates: Welcome to Bankate! We will find the best credit adapted to your project and your file.

Best credit: what criteria?

Best credit: what criteria?

For Bankate, to obtain the best credit, there are only two criteria:

  • Get the lowest rate
  • Get a loan agreement and cash quickly

Get the best credit at the best rate

Get the best credit at the best rate

To get the best credit, you have to be able to compare all the offers with the same criteria.

It is the consumer credit law that defined this criterion: the annual effective annual rate TAEG. This rate takes into account both the interest which will be invoiced to you as the reimbursement is made and the various fees which may be required at the time of subscription. For revolving credit, it is the variable APR (note it may change over time) for depreciable credit, it is the fixed APR. We will therefore measure the best credit thanks to this APR.

How to get cheap credit and therefore the best credit?

Your best bet is to compete and look at the rates charged by different credit agencies. This is important but can be tedious. This is why Bankate regularly examines all the offers from the main organizations and offers you the ranking of the best credit whatever your need. You will then simply find the best rate suited to your needs.

The best credit: proof by example

The best credit: proof by example

After the theory, let’s move on to practice. For this demonstration, we will take the example of a 10,000 USD credit over 60 months and we will compare the offers of the largest organizations (you can check it yourself on our best credit comparator).

Best credit: Taeg fixes 5.50% for a monthly payment of 190.39 USD -> total amount of interest: 1423.40 USD
Average credit: Taeg fixes 6.20% for a monthly payment of 193.47 USD -> total amount of interest: 1608.20 USD
Most expensive credit: Taeg fixes 9.77% for a monthly payment of 209.33 USD -> total amount of interest: 2559.80 USD

This example allows you to understand easily that to find the best credit, you have an interest in comparing under penalty of paying a lot more for nothing…. For in our example, 10,000 USD is 10,000 USD, whatever the organization that will lend you money.

And know that we could have done the exact same demonstration for many other amounts. For example the difference in the total cost of interest between the best credit 5000 USD and the most expensive over 60 months is more than 1000 USD too.

What is also important to have is that a good part of our competitors do not use this rate, frankly, they do not use any rate. The only ranking you will get in this case is that of the commissions they receive. Indeed, the more they are paid dearly by such and such, the more they will rank it up. And to avoid being fooled by the way they present things, the only way to ensure you get the best credit is to look if you see the rate mentioned in the ranking. If there is no rate, beware, it is that you are probably not choosing the best consumer credit. So don’t be fooled by a credit comparison counterfeit and choose the best one: Bankate!

Being accepted for the best credit

Being accepted for the best credit

Thanks to our comparator, we bring you the best credit at the click of a button. But that’s not all. You can then fill out the online credit application to find out if you are going to be pre-accepted. To find the best credit, it is important because the final acceptance is played in 2 stages.

A first step where you enter an online questionnaire to have a pre-agreement. This step is not engaging and lets you know if you are on track to get the best credit. You can even file multiple credit applications online with multiple agencies to choose from.
It is the second step which will be decisive. The one where you will have the credit contracts in front of you. You will be able to make the objective choice of the best credit and return only one file, the best.

Better credit: get the money quickly

Better credit: get the money quickly

As we just shared, to ensure you get a favorable opinion and access the best credit, it may be necessary to file several requests with different financial organizations in order to multiply the chances of obtaining an agreement. For consumer credit, you can do it quietly from your home on the websites of financial organizations by completing online credit questionnaires. For real estate loans or the repurchase of important credits, you will have to meet the banks or the brokers. We also advise you to Immoprêt for the best mortgage, it is the only broker not to take any fees from the client.

Once you have reached an agreement in principle, you will receive loan or credit agreement offers. If you want to be sure you get the best credit, check the rate (APR) indicated there because it may not correspond to the one that was presented to you at the start.
Indeed, credit organizations and banks can adapt the rate they will charge you to the level of risk they have assessed you for. The more risky they think you are, the higher the rate charged could be. So you have to be very careful to get the best credit.

Once your contract signed and all the documents in your file validated, the organization will put between 48H and 72H to make the funds available to you. To obtain the best credit in summary, from the moment when you obtain an agreement in principle on the internet, count 2 to 3 days to receive the credit offers, count 2 to 3 days to constitute your file (you can anticipate), count 2 to 3 days for your file to arrive at the credit organization, 1 to 2 days for it to be definitively studied and finally 2 to 3 days for the funds to reach your account.

Conclusion to get the best rate: Use the Bankate credit comparison tool when defining your project and get the best credit from the main financial organizations.
Complete the online credit questionnaire and get an agreement in principle for your credit. You can submit several requests to several credit organizations.

Complete the contract for the best credit and build your file with all the supporting documents requested. You must send this file to the organization you have selected. Once the organization definitively validates your credit request, you will get the funds in 3 or 4 days.

In conclusion, from the moment you have chosen the best credit and completed the online questionnaire, you will have the money as quickly as possible after about 10 days. Depending on your need for money, you may need to adapt or anticipate.

Which organization offers the best credit?

Which organization offers the best credit?

In reality, each organization offers the best credit on part of the requests. Some are able to offer very attractive rates for terms of 12 months regardless of the amount borrowed while others are able to offer attractive rates over 60 or 72 months, which is rather the case for the best credit 15,000 USD. . This is why Bankate reconstructs the best credit grid using the best rates from each credit organization.

As we demonstrated above, all of this is not trivial. Of course in absolute terms, it is very annoying not to succeed in obtaining the best loan but beyond that, on the best car loan or work loan or even personal loan, it is not only pride that going to be hit if you don’t take the time to compare. We are talking about thousands of USD difference! For exactly the same extra product! Imagine, for exactly the same thing, you pay 2500 USD on one side and you cross the street, it’s 5000 USD !! Better not to be wrong on the sidewalk !!

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