Reduce your monthly payments with a credit repurchase over 12 years (144 months), get the best deals now by simulating your credit consolidation, it’s completely free and fast. The best rates of the moment are on this site.
Within the framework of a credit consolidation operation, it is possible to choose the duration, that is to say, during the simulation, to determine the number of years of repayment desired, if borrowers often speak of years (example: 12 years), financial institutions systematically speak in number of months (the equivalent being 144 months). It is therefore possible to define the duration of his choice, the only limit being the correspondence and the feasibility with his repayment capacities, an answer which can be answered by the credit buy-back simulation, it is completely free and non-binding.
Credit repurchase over 12 years
The repurchase of credit makes it possible to regroup all types of loans, namely consumer loans and mortgage loans. In both cases, it is possible to leave over a period of 12 years and even add an amount of “cash”, an amount allowing to finance a personal project, without having to resort to a new loan. The loan repurchase simulation allows you to have an estimated result of the future monthly payment, this step also involves specifying the number of loans to be bought back as well as the amounts of the current monthly payments, this is valid for borrowers with only home loans or borrowers with both home and consumer loans.
How to set up a 144 month credit buy-back?
The first step is logically that of the online credit buyout simulation, it will simply allow you to first verify the feasibility of financing taking into account the situation of the borrower. It is therefore essential to fill in all the information relating to outstanding loans, monthly payments currently reimbursed, but also to information specific to the borrower. All of these elements will make it possible to send the borrower financing proposals over a period of 12 years. Whether for a consumer credit buyout or a home loan buyout, the duration is valid for both financings and one can also add an additional amount.
Financial institutions will have certain requirements on the situation of the borrower, namely whether he is alone or accompanied by a co-borrower. Another point is the professional situation of the household. Ideally, you should have a permanent contract, permanent civil servant, retired or manager with 2 balance sheets. Beyond income, expenses are important as is the debt ratio. All of this will be verified during the request for repurchase of credit and the financial institution will offer a financing offer taking into account the duration of 144 months. It will be possible to adjust the duration according to the needs of the household, some have for example the desire not to exceed a certain amount of monthly payment. Note that the credit buyback simulation is offered free of charge and without any commitment.