Leisure activities occupy a special place in the life of human beings. These various activities generally require a financial investment. There are many loan solutions that can finance these various activities and hobbies. These so-called leisure credits respond to a specific mode of operation.
How does leisure credit work?
Also called personal credit, leisure credit is a solution for financing leisure activities. It is a consumer credit which is quite easy to obtain. The leisure credit helps you finance projects up to 500 to 14,990 euros. The repayment period of the leisure credit varies between 6 and 60 months. The rate is calculated based on the amount to be borrowed and the repayment term.
You can use your leisure credit as you see fit. Indeed, you do not need to bring proof of use. Thus, you can freely finance all your leisure activities. You will not have to report to the lending institution the reason for using your leisure credit. This responds to the respect of the personal character of the leisure activities and the desires that you have to finance.
There are two types of hobby credits. These are revolving credit and depreciable credit. The different types of leisure credit vary according to the amount to be borrowed. So, if you want to borrow less than 6,000 USD, revolving credit is what you need. If the amount to be borrowed is greater than 6,000 euros, the depreciable personal loan will be offered to you.
Subscription to a leisure credit is open to any category of people who are at least 18 years old. Once the loan has been contracted, the subscriber’s debt ratio must not exceed the 33% limit. It must not appear on the list of the personal loan repayment incident file. Remember all the same that the borrowing capacity varies according to the profile of the subscriber and his file. This borrowing capacity also changes according to the lending institution. In accordance with the consumer code, the amount of a leisure credit is between 200 and 75,000 euros.
Leisure loans: what types of projects to finance?
Since leisure credit is an unrestricted consumer loan, it can be used to finance various projects. There are no limits to these projects except the underwriter’s imagination. This is further explained by the fact that the lending institution will not ask you for any proof of use. Leisure credit generally makes it possible to finance budget-consuming desires and passions. These include nautical activities, motor sports , horse riding, golf, etc. Other activities relate to trips, vacations or family outings to renowned amusement parks. Hobbies such as fishing, hunting, practiced intensively may require the use of leisure credit.
Leisure credit is a solution to fulfill your desires without your finances turning red. This type of credit helps you according to your needs to finance your most expensive desires.