When can I have money from a credit?

 This question is one that many people want to take out a personal loan from the organization of their choice. 

To this crucial question, it is necessary to give a sufficiently precise answer to remove definitively any doubt.

The funds can be made available upon signature of the contract by you and the lender. This is usually done by bank transfer.

As long as the agreement binding you to your banker is not signed, you are not entitled to claim the payment by the latter of the sums requested. The bank can not unilaterally decide to allow you to benefit from your credit without any signature of this contract.

Any cash back of your loan, such as notes and coins, is in principle prohibited. Before the contract is signed, it is impossible for the bank to make credit available to you. Similarly, you can not make a payment to the lender. Such an operation is strictly prohibited. In order not to violate the legal provisions in force, you must absolutely check that your personal loan is not affected by these aforementioned assumptions.

As with all contracts that exist, there are several obligations for each party.

The obligations of the lender after the conclusion of the loan agreement

The obligations of the lender after the conclusion of the loan agreement

They are of various kinds in order to allow a good execution of the contract of consumer credit.

He must take all the necessary measures to ensure that the funds requested are available to you according to the terms of the agreement signed by both parties.

With this in mind, all information regarding essential elements of your personal loan should be brought to your attention. These include information about the rate, the monthly payments, the length of your loan repayment and much more.

It must also be emphasized that credit can be made available by at least two means. For example, the money can be transferred to an account that you indicate to the lender or by check. To avoid unpleasant surprises when actually withdrawing your funds, it is best to tell the bank the most advantageous solution for you.

Obligations of the borrower (you)

Obligations of the borrower (you)

As far as you are concerned, the main obligation on you is to repay your loan according to the conditions defined by the contract.

This reimbursement is not automatic when you take out a credit for the acquisition of a property that must be delivered to you. This is the case for example of a loan contracted to buy a dishwasher or a car. In such a case, the credit can not begin to be repaid until the delivery of the property acquired with the funds obtained is made. However, this will only be possible when the mention of the property concerned is included in the contract. The same rule applies when the payment of money is made directly into the hands of the property in question.

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