Work loan rate: barometer, comparison and first immediate opinion
The works loan is offered at very attractive rates, provided you know where to look. Let’s go back to the main principles of this type of credit. We can then compare the credit rates, but above all see how to get a favorable opinion without unpleasant surprises.
The work loan, a credit with proof
The work loan belongs to the credit family with proof. Most of the time, organizations and banks will request a quote or an invoice justifying prior work in order to benefit from the best rate.
Merely justifying oneself to justify oneself is not enough to obtain an agreement, the situation of the borrower being always checked as a priority. It is therefore important to properly assess your need for money, but especially your monthly repayment capacity. The realization of several quotes generally reduces the cost of operations, and therefore the amount associated with the request for a work loan.
The characteristics of the works loan
- Offered by credit organizations, banks and some artisans
- Amount: $ 1,000 to $ 75,000
- Duration: 12 to 120 months
- Works loan rate: fixed APR
- Good to know: proof of credit requested
The rates for the best work credit are more attractive than the rates for the personal loan or revolving credit, two products not implying to be justified. We have raised the rates offered on our comparator, in order to project ourselves more easily.
Good to know: it is in certain cases possible to obtain a zero rate credit, within the framework of an eco-PTZ. This interest-free credit is framed by law. It only concerns work related to the energy transition.
Barometer of works credit rates
Our credit credit comparator includes the best online credit specialists, who generally offer unbeatable loan rates. As an example, we have found the best rates for online work loans, by selecting different combinations of amounts and durations.
The rates of the works loan are more attractive than those of a consumer credit without proof. It is still necessary to know how to rely on a reliable and complete comparator, offering the offers of the best credit organizations. We will see in the comparison that follows that the rates of the work loan can fluctuate enormously from one specialist to another.
Online Works Loan Rates Comparison
Take an example of a work loan of $ 8,000 over 36 months and another of a work loan of $ 15,000 over 60 months. The first amount can be used as a kitchen credit or even allow you to redo your roof. The second is rather intended to simulate an insulation loan, an extension or even a swimming pool loan. We have each time compared the best APR rate, the credit benchmark (see consumer code ), with that positioned in third place.
The third best loan $ 8,000 over 36 months has a total cost almost three times higher than that of the best. As for the third loan of $ 15,000 over 72 months, it costs $ 1,164.60 more than the best. We understand the importance of comparing rates before engaging head down in a simulation on a site chosen at random.
Should we trust the credit offered by artisans?
Artisans often offer a work loan, through a financial intermediary. It is very important to compare the credit offer proposed by the professional with that of the best organizations. The best way to get an estimate of the work loan rate that you can get is to perform a simulation on our comparator. The tool guarantees both the best APR rate, but above all an immediate response in principle.
What to think of the rates of the loan works of banks?
Banks do not make work loans a priority. They sometimes offer suitable solutions, but in most cases it is a simple loan without proof.
The rates offered by banks to finance works are only very rarely competitive. It is always possible to carry out a credit simulation with his advisor or on his bank’s website, but the rate will rarely be more attractive than that offered online. Banks only offer good consumer credit rates to their best customers.
Works loan rate: what to remember
Here are the essentials to remember before you start looking for the best work loan:
- Always make several quotes so as not to be tricked into the amount of work.
- Using a credit comparison works based on the APR and integrating the best agencies allows to have a good idea of the best rates.
- You generally have to justify work with a quote or invoices to obtain a work credit.
- The work loan from banks and craftsmen is almost always less attractive than that offered by credit organizations. However, there is nothing to prevent a comparison of offers to be sure.
Performing a work loan simulation on our comparator ensures an immediate response in principle at the best rate. In case of negative opinion (acceptability <5%) of the best organization, it is possible to obtain in one click the opinion of the second specialist, and the third. A positive opinion triggers a confirmation by email within 24 hours.