Personal loans and consumer credit

Personal loans and consumer credit are products tyou can use to finance the purchase of durable goods such as a new car or furniture, or to pay for higher education or a holiday. They are usually easier to obtain than a mortgage but their higher interest rates tend to make them more expensive.

The amount borrowed and the instalments to be paid, including interest, fees and other expenses, will be defined in the loan agreement.

The loan agreement defines the rights and obligations of the bank and the customer and is binding on both parties.

A loan is only considered to have been paid off in full when all the contractual obligations have been met.

Various types of personal loan are available to meet different borrowing needs. You should gather information and compare different offers to help you choose the most appropriate option for you.