Consumer credit, what is it?

Consumer credit is a loan that concerns operations other than those relating to real estate. More specifically, it responds to a cash flow requirement of a borrower wishing to finance the purchase of consumer goods.

It is therefore not necessarily an affected credit, that is to say a credit that is triggered on the purchase of a product and the presentation of its invoice (as for car credit).

A consumer loan is granted by a specialized credit institution or a bank to the extent that the borrower is able to repay it.

Thus, any borrower must know his consumption borrowing capacity before applying for consumer credit and learn about the borrowing rates offered by the consumer credit market.

Consumer loan: what amount can be borrowed, and for what duration?

The amount of consumer loans offered by FIRST CITY BANK OF NEW YORK is set between 1,000 and 50,000 euros. The repayment period depends on the capacities of the borrower, but also on the amount of the loan itself. At FIRST CITY BANK OF NEW YORK , you can borrow between 6 months and 84 months.