Re-entry of rates at Bank: revolving credit at 3.40% fixed APROn January 17, 2020 by admin
The end of summer and the start of the school year are often an opportunity for credit organizations to make an impression. Bank is never the last when it comes to breaking rates. The proof with this operation on the small revolving credit, offered from 3.40% fixed APR over 12 months. Update on the conditions of the offer.
Bank re-entry of rates: revolving credit at very low rates
Bank regularly offers promotional rates on its consumer credit products, including revolving credit. Bank rates are once again lowered for the start of the 2019.03 school year
Small credit conditions at only 3.40% APR
- Amount: $ 1,501.00 to $ 2,500.00
- Duration: 12 months only
- Rate: fixed APR attached to a revolving credit contract
- Validity: 19/09/2019
- No booking fees
Let us carry out a simulation of revolving credit in the amount of 2000 euros under the conditions of the offer (12 months) in order to see that the special rate taken in is well applied.
We find the fixed APR rate of 3.40%, and monthly payments of $ 169.70 for 12 months. The total amount due reached him $ 2,036.40, or only $ 36.40 of interest.
Is this rate the best at the moment?
This promotion is currently the best on the market on small revolving credit . The rates generally associated with this type of request over 12 months range from 11.00% to 18.00%. Bank still has to accept the financing request. Our opinion on Bank revealed that it is necessary to have a rather flawless credit record to obtain financing within this credit organization.
Our credit comparator was precisely thought to avoid being confronted with a refused credit, synonymous with loss of time and energy. A simple simulation carried out via our tool makes it possible to obtain a favorable opinion of small credit at the best rate, immediately. The acceptance conditions vary enormously from one specialist to another, especially when we talk about revolving credit. Using a comparator is always a good idea.