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Credit comparison: best rates and online credit application



A good credit comparison tool allows you to find the best rate for each project (need for money, car loan, work loan, real estate loan, etc.). It is not just a nicely presented web page with a comparative loan imitation. On the other hand, to provide a complete service, a credit comparator must give an answer to each customer. There is no point in knowing who offers the lowest rate if it is to deny credit.

Our credit comparator offers:

  • A classification based on the APR rate for consumer credit and mortgage.
  • An immediate response in principle, without obligation and tailor-made for each request.
  • A comparison of the largest credit agencies.
  • The guarantee of an intermediary registered in the register of intermediaries in banking operations (ORIAS).

Getting the best rate is essential

Getting the best rate is essential

Getting the best rate for your project is a major financial issue. Let’s look at several of the best APR rates of the moment, in order to get a good overview of the most attractive offers on the market.

 

The APR rate, a benchmark indicator for consumer credit

It is only necessary to use the APR rate to identify the best consumer credit . The law obliges all financial actors (online organizations, banks, insurers, etc.) to display it clearly on any credit offer. It is therefore found logically, whether on our auto work or consumer credit comparator . But also on the final contracts. Expressed as a percentage, it includes:

  • Interest on credit
  • Possible booking fees
  • The cost of any additional charges

It is on the basis of the credit rate indicated in APR by financial organizations that our credit comparator can find the best offers. More or less interesting depending on the organizations, the rate varies according to the type of project, the amount of the request and the repayment tenure (12 to 84 months on our credit comparator). However, the APR does not include the cost of any additional insurance.

The APR rate of the mortgage

We find the APR rate present on all mortgage offers. The APR rate replaced the TEG rate for real estate loans, since the “Scrivener” law of 2016. The APR rate for a home loan identifies the real and total cost of its loan . The APR for mortgage loans includes:

  • The bank interest rate (nominal rate)
  • Guarantee costs
  • Intermediation fees (if they exist)
  • The cost of compulsory insurance *
  • The costs of appraising the property
  • Account maintenance fees

* The cost of the compulsory insurance of a mortgage is indicated in the form of TAEA (Annual Effective Insurance Rate). Many borrowers opt for compulsory insurance from the lending institution for convenience. It is actually possible to opt for compulsory insurance elsewhere than at its lending institution, provided that its guarantees are at least equivalent. Integrated into the APR rate of the mortgage, the APR must be explicitly mentioned on the mortgage contract. It is possible to change real estate insurance during the first 12 months without penalties, and on each anniversary date.

Credit comparator with immediate policy response

Credit comparator with immediate policy response

Comparing APR rates is interesting but it is useless if credit is impossible to obtain. Our credit comparator provides an immediate answer in principle . The application form is indeed connected to the best credit organizations , which indicate whether the file is acceptable or not. If the file receives a negative opinion from the cheapest organization (acceptability <5%), it is always possible to query the following two in one click. The credit comparator is therefore completely transparent.

A free credit comparator

A free credit comparator

The credit comparator is 100% free. Performing a credit simulation online via our form is absolutely not binding. Moreover, a loan has no legal value until it is the subject of a signed and returned contract.

The best rate

The purpose of the credit comparator is to quickly identify the best consumer or real estate credit . This saves time, but above all the assurance of not paying too much. Let’s compare the same loan of 8000 $ in order to realize the differences in rates between the main organizations.

 

Best credit $ 10,000 over 48 months
Fixed APR rate
Monthly fees
Total cost of credit
Organization n ° 1
3.60%
234.57 $
444.52
Organization 2
5.77%
242.01 $
712.36 $
Organization n ° 3
5.87%
242.35 $
724.60 $

 

In this example, the best personal loan of $ 8,000 over 36 months is almost half the cost of the second . A far from isolated difference, which can be found on a more or less large scale on the credit comparator of all projects.

How to use the credit comparator

How to use the credit comparator

The first step is to identify your project, the amount and the desired repayment duration. The credit simulation concerns all projects:

  • Personal loan
  • need money
  • New car loan (-2 years) and second-hand (+2 years)
  • Works credit
  • Ready for all projects
  • Redemption of credits
  • Home loan

Let’s simulate a new car loan request up to $ 10,000, over 48 months.

Good to know: no problem if the amount of the request entered on the credit comparator does not exactly correspond to the need for money. It will be possible to modify it in more detail retrospectively, when making the request to the selected organization.

The second step is that of the credit questionnaire. It is a question of informing the identity, address, its situation and its budget (income). The four stages are completed in five minutes.

Finally, the organization offering the best APR rate provides an initial answer in principle . In the event of a low acceptability percentage (<5%) at the best rate, as in our example, it is possible to query the following two offers with one click. Remember that the conditions for accepting a loan are different from one organization to another . It is therefore possible to receive a negative opinion from the first but to obtain an agreement in principle from the second attempt.

Good to know: the credit comparator integrates all the promotions and best offers on a daily basis. It is therefore impossible to miss the best rate for his project.

Auto Credit Comparator

Auto Credit Comparator

More than one in two vehicles is financed with a car loan. The amounts involved are generally large, which accentuates the interest of a simulation. Our auto credit comparison differentiates new auto credit (or -2 years) and used auto credit (+ 2 years) . The rates of new auto credit are generally more attractive than in the case of a used auto loan.

Maximum amount on the credit comparator: $ 70,000
Maximum duration: 84 months

The personal loan comparator

The personal loan comparator

The personal loan is generally a credit without proof of use of the borrowed money . We can therefore use it to buy a used car as well as use it to finance our wedding, or even a honeymoon. The APR rates for personal loans change enormously over the year, since the formula is the subject of regular promotional offers. Our personal loan comparator integrates all of these promotions on a daily basis.

Maximum amount on the credit comparator: $ 30,000
Maximum duration: 60 months

Works loan comparison

Works loan comparison

The work loan works in the same way as the new car loan. The rates are rather attractive, but most of the time conditioned by the delivery of proof of completion of the work (invoice, order form). All types of work can be done with this type of loan, from the simple renovation of furniture to the construction of rooms or a roof.

Maximum amount of the works credit comparison : $ 70,000
Maximum duration: 84 months

Revolving credit comparator: a small loan easy to access

Revolving credit comparator: a small loan easy to access

Any amount less than or equal to $ 4000 selected on our credit comparator displays the revolving credit offers. Our experience in consumer credit shows that this type of loan is easier to obtain than other loans . This results, for example, in a smaller list of supporting documents. Revolving credit is also more expensive : its rates regularly reach 20%.

Revolving credit acts as a reserve of money: we can reuse the available money as reimbursements are made. Be careful however, the rates obtained at the time of the first opening are often different when the available money is reused. This is the reason why the law obliges credit organizations to indicate an adjustable and non-fixed APR rate when signing a revolving credit contract.

Our revolving credit comparator is therefore adapted to this product and takes into account:

  • The revisable taeg rate
  • The opening promo rate if there is one
  • The presence of the request acceptance rate
  • The proposed reimbursement speeds

Amount on the credit comparator: 500 $ to 4000 $
Maximum duration: 60 months

Credit buyback comparator

Credit buyback comparator

The repurchase of credits consists in regrouping several credits in only one . It is used to get out of a financially impossible situation, by extending the repayment period. Redemption is very specific, which is why our comparator redirects directly to an information form at the time of selection. The information provided will allow us to establish a profile, before having the opportunity to offer the most suitable solutions.

Home loan comparator

Home loan comparator

The home loan is not a consumer credit, so it must be the subject of special attention . Real estate market rates vary according to several criteria, notably that of supply and demand. Above all, the repayment terms of a home loan extend over longer terms, generally between 15 and 30 years. The CSA Housing Credit Observatory indicates that the average rate (excluding insurance and collateral costs) of a mortgage has been 1.44% since the start of 2018. The rate may however vary depending on the profile of the borrower, its sector and its negotiation capacity.

The choice “Mortgage loan” on our property loan comparator refers to a real estate project questionnaire . Filling in all the necessary information (amount of the project, personal contribution, presence of a co-borrower, etc.) associated with several personal information (situation, income) allows us to submit the request to the best actors capable of studying the request (brokers , traditional or online banks). The information is communicated to the first, who can establish a first contact within 24 hours.

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