Money reserve: how is it interesting? – Personal loan

In contrast to a simple personal credit formula, the cash reserve has many advantages and greater freedom in your actions. You are not under pressure and do not have to make any repayments until you have paid the balance. Discover the real benefits of this financial solution.

The cash reserve prevents financial contingencies

The cash reserve prevents financial contingencies

Many households think that getting a simple personal credit will help them avoid unexpected financial events. An opinion that is not shared by those who prefer to opt for the reserve of money. Indeed, the financial contingencies differ from one case to another. Some families do not experience the same difficulties and unforeseen circumstances as others. Cases of serious illness or hospitalization are common. Then the need for urgent repairs or a major expense. With a reserve of money, you are sure not to wait long before receiving the desired amount.

  • Personal loan
  • Auto loan
  • Ready works
  • Consolidation of credits
  • Mortgage

Mode of operation of the money reserve

Mode of operation of the money reserve

By contacting your credit agency, you are free to ask your agent what procedures to take to obtain a cash reserve. Conditions must, however, be fulfilled before enjoying the benefits of this fund. Contact your bank directly to know them. Once all this information is available to you, you can request a cash reserve of up to 5,000 euros. You also have the possibility to ask for a small sum of 1,500 euros.

By making this request, you must of course repay the amount, but not before you have received the capital in question. It may be that the balance is not useful in the immediate future. As its name indicates, a reserve of money is used to prevent expenses in case of financial emergency. However, once you have received the capital, you will have to repay it. Another advantage for this economical alternative, you can repay at your own pace and within your means.

Request money reserve online

Request money reserve online

Like all financial formulas, you are lucky to be able to switch to the online banking platform. Just like for a traditional loan application, you can directly send your application online, the steps are the same. It is, however, preferable to research and calculate refunds later. This will allow you to monitor the debt ratio and to properly allocate your expenses.

The amortization of this type of loan is, of course, based on your repayment capacity, with a percentage ranging between 4.2% and 5.6% of the amount. This information will help you better define the amount to borrow for a cash reserve.

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