If you did not know, the first Banque Populaire opened its doors to the public in 1878. This opening took place in Angers. Like any establishment that operates in the banking market, it distributes retail banking products ( current account for example ), but also insurance and credit products. The repurchase of credits is part of its catalog. This ticket allows you to discover the offer offered in terms of loan repurchases from the Banque Populaire.
The People's Bank and its refinancing solution
The signature of the Banque Populaire is as follows: “Adding up the forces. Multiply the chances ” . Does Banque Populaire really offer its customers a chance to get out of the debt situation with its financing solutions? Here is a question that all citizens are entitled to ask. To shed some light, we have decided to analyze the solution (or solutions) proposed by Banque Populaire . What does it offer concretely?
Banque Populaire is a bank close to its customers. In fact, the solutions adapt according to your geographic area. Even if the basic principle of repurchasing credits is the same, it is possible that the interest rate is different from one region to another. It is therefore advisable to approach your local branch to better consider this solution to fight against debt.
What is the use of a credit redemption?
This type of financial transaction reduces the amount of monthly payments due for loan repayments. It goes without saying that the decrease increases the cash flow of the applicant and makes it possible to recover purchasing power . You should know that it is all the same a repayable loan and that the extended duration increases the total cost of the credit. It is therefore necessary to think carefully while weighing the pros and cons according to your financial situation and your ability to commit.
Banque Populaire agrees to study the files for:
- collect revolving credits (these are usually credits linked to various store loyalty cards).
- bring together all personal loans (this term encompasses both household loans and loans to finance travel or work).
- associate revolving credits with personal credits.
In addition, Banque Populaire can offer you a loan offer with a fixed rate or a variable rate. You must therefore understand these two concepts before making your decision.
- Fixed rate : the interest rate will not change throughout the term of the loan.
- Variable rate : the rate varies according to the market. A rising rate increases the amount of the monthly payment.
Get information on the repurchase of loans from the Banque Populaire
Online tools are at your fingertips to simulate your loans and the advantages of a loan buyback. However, you can always contact a financial advisor hired by Banque Populaire to analyze your financial situation . To do this, it is preferable to meet with an agent in a Banque Populaire branch.