Holidays are essential points in a family’s life. This is an opportunity to escape stress, and to rebuild the foundations of a family relationship seine. But today holidays are more like expenses. Fortunately it is possible to indulge in dream vacation projects, while avoiding years of savings. There is the holiday loan.
What is a holiday loan?
A holiday loan is a personal loan and gives the right to a capital ceiling of 75,000 euros. The sum will be released at one time and then repaid monthly in several years. It all depends on your contract of engagement. Be aware that the duration of your loan agreement will probably depend on how small it is. A short-term credit is always better than a credit over several years.
The APR or annual percentage rate of charge is lower. With a holiday loan obtained by the personal loan, you do not have to provide proof of use of the capital. You have the choice in the management of expenses. The amount that will be allocated to you can be used to finance an accommodation site or in the settlement of various activities. In short, a holiday loan can be used to finance all or part of your family vacation, without the bank having to intervene.
How to apply for a holiday loan?
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It has been said that for a holiday credit, you will not have to provide a proof of use of the capital. Nevertheless, you should build a file to accompany your application. The latter should only consist of the following information: A photocopy of identity papers A residence certificate to prove that you are on Belgian territory A tax notice A pay slip to prove your income and justify your ability to refund A credit insurance contract if you have not opted for the bank If you have applied for an online holiday credit, you will then have to send these documents. They will support your request.
Compare the offers
Whether on holiday or not, credit remains a possible financial risk to be measured by households. In the event of a failure to pay monthly installments, difficult situations can accumulate. Defaults may eventually lead to bank bans for a few years, and this, until perfect repayment of your credit. To choose your loan, and prevent your family from being over-indebted, act as an informed consumer to compare offers. In a few clicks and according to your wishes (amount and monthly payments), you will get a list of the best rates on the market. What to save money while minimizing the risks when borrowing.