There are many banks ready to make a loan repurchase so that you become customers at home. When it comes to a public service credit buyout, it’s easier. But when the profiles are different or when the number of loans to be taken over is greater, the real credit repayment banks can be counted on the fingers of the hand.
Banks specializing in credit repurchase
When you have many loans in progress, whether consumer loans, personal loans or online loans, your first legitimate reflex is to turn to your bank to request a credit union. But for your bank, beyond 5 or 6 credits, your loan repurchase is problematic. Sometimes the duration is limited to 6 or 8 years.
Fortunately, there are specialized banks to answer your request for repurchase of credit.
CFCAL, an institution, offers homeowners attractive solutions that allow the repurchase of home loans at the same time as consumer loans. It is possible to keep the home loan too.
Fine Bank offers a range of competitive products for tenants and owners. Credit Lift uses the different CAF allocations in a simulated loan buy-back.
How to find the best credit buyout?
Once your loan request (to group all your loans) established, it is important that the new monthly payment corresponds well to your wishes and that the credit of the bank is indeed a fixed rate. We then have to renegotiate brokerage fees, which we do at Nouveau Prêt and request a delegation of borrower insurance. This will save you money.
What is a loan buyout calculator?
This tool allows you to have an approach of what will be your repurchase of credit with the new monthly payment, the duration and the fixed rate debtor. It is therefore possible to make simulations over longer or shorter durations and see the gain made on the monthly payment. It is handy to include additional cash for your new projects. We have this tool and we show you the different figures.
If your bank refuses to consolidate your loans, you must then turn to Binary Lender. We are specialists in credit repurchase and we work only with specialized banks.