(1) The decrease in the amount of the monthly installments assumes an extension of the repayment term and an increase in the total cost of one or more loans subject to the combination.
For reasons of confidentiality, the identities have been modified
Before the loan consolidation operation, the total monthly payments of the 3 credits subscribed by Fabrice P. amounted to € 1,265.93. The sum of the total costs until the end of their credits would amount to 48 120.76 €. The loan consolidation transaction presented above is carried out by means of a loan buyback, secured by a mortgage, at a fixed interest rate of 5.20% or 96 monthly payments of € 693.33 over a period of 96 month. The APR (Annual Percentage Rate) is 6.4103%, excluding insurance. All costs related to the transaction are included in accordance with article L313-1 and following, including our intermediation fees and the expenses of files, except insurance. The total cost of the credit (interest + expenses, excluding insurance) is 226 559.68 €. Conditions applicable to loans to individuals, in force on 17/05/2018 (subject to change).
Borrower insurance will be requested for the loan. Guaranteed events and conditions are included in the contracts. The borrower can subscribe to the insurer of his choice an insurance in the conditions fixed by the article L 312-9 of the code of the consumption, provided that it presents a level of guarantee equivalent to the insurance contract proposed by the lender. The various insurance contracts may be distributed by Dorothy, an insurance broker registered with ORIAS.
The borrower has a cooling off period of 10 days upon receipt of the offer. If the sale is conditional on obtaining a loan and the loan is not obtained, the seller must repay the sums paid. Credit granted subject to study and acceptance of the file by the lender, and subject to the registration of mortgage guarantees.