Wimks: better credit management works
Document summarizing the main characteristics of the loan contracted, the Wimks is supposed to bring more transparency in agreements between borrowers and credit institutions. They must provide all the necessary information to the borrower free of charge so that he can choose the loan that suits him best. In this sense, the focus is on the pay of the institution, as well as the solvency of the borrower.
Wimks: a transparent loan offer
The Wimks is a document written in an accessible vocabulary, which follows a well-defined plan. It is thus possible to read it quickly, by going directly to the headings such as:
- Main features of the loan;
- Amount of each payment;
- Additional obligations.
To quickly compare offers from multiple lenders, it is advisable to simply go to Interest Rates and Other Fees.
An additional step towards European harmonization
This directive, which was enacted in 2016, responds to an order dated 4 February 2014 proclaiming a “harmonization of the legal framework for mortgage and real estate loans” on a European scale. These provisions are intended to provide a unified legal framework for better protection of European consumers against banks. By optimizing searchable information before signing a contract, it is easier to compare multiple loan offers. The credit worthiness analysis of the borrower is also required, in order to minimize the risk of non-repayment.
Credit protection works, see also
- Cons credit
- Auto loan 10000 euros
- 10000 euros credit
- Time limit for credit withdrawal
- How to finance his business school
* Upon receipt of your complete file, Credit can give you an answer in the 24h worked by SMS in the case of an acceptance, and by email in the case of a refusal.
** Study conducted on the basis of a statement of rates made by Sémaphore Conseil, on the amounts of € 1,000 to € 3,000 and the maturities of 24 and 48 months.
A credit commits you and must be repaid.
Check your repayment capacity before you commit.
Creditstair is accredited as a credit institution – Investment Services Provider by the Prudential Control and Resolution Authority (ACPR, approval number: 16488).
The funding is granted subject to final acceptance by Creditstair after the study of your file. You have a right of withdrawal of 14 calendar days after the signature of the loan contract offer. If your file is definitely accepted, Creditstair will keep a number of your supporting documents for the duration of your contract.
You may exercise your right of access, rectification, deletion, portability to personal data about you, or oppose their use for prospecting purposes or limit the processing by contacting customer service by clicking here.
The borrowing rates (APRs) are fixed and vary from 0.75% to 17.90% and the duration of the loan is between 6 to 84 months