Monthly Archives: March 2020


What can you buy with a works credit?

The works loan is a consumer or real estate loan dedicated to financing works, works that can be carried out by the owner or by a professional craftsman. Here is how this credit works.

Buy materials for works


The work loan is generally a consumer credit, the maximum amount of which is 75,000 USD, beyond that, it is a mortgage. Most of the works are based on amounts of less than 75,000 USD and they can finance the purchase of materials.

There are two cases in this sense, either the borrower opts for a personal loan dedicated to works, in this specific case, he does not have to provide supporting documents.

Either he opts for the loan of the assigned work, funding directly linked to the purchase of materials and the amount of which must be justified by an estimate, ideally an estimate from a store specializing in materials and DIY.

These materials can be diverse and varied:

  • Kitchen, furniture, storage
  • Bathroom, WC, showers, plumbing
  • Gardens, decorations
  • Structural work, concrete blocks
  • Heating, ventilation, air conditioning
  • Joinery, windows, doors
  • Paintings, wallcoverings
  • Floors, tiles, parquet floors
  • Electricity, home automation, lighting

Works credit to pay a craftsman


The works credit can also be used to finance the payment of a professional craftsman, in addition to or in replacement of materials, depending on the type of project and the level of support by the craftsman.

Note that work related to energy savings may give entitlement to tax credits (see this website for more information).

For artisans, it is advisable to opt for the affected work loan, that is to say, that the amount of work is only granted if they are actually carried out, this avoids ending up with a loan to repay while finally, the works fall into the water, security to take into account.

The work loan is therefore valid for all types of professionals:

  • Masons, earthwork
  • Roofer
  • Plumber
  • Carpenter
  • Plasterer, painter
  • Cook
  • Decorator

Simulate your work loan online


Many households buy old buildings or have them built, which necessarily requires development and renovation work to benefit from a renovated and perfectly regulated habitat.

We must, therefore, focus on requesting the right work loan, either in the form of assigned credit or in the form of a personal loan, but also take care to avoid the tedious steps of going to bank branches or contacting organizations. credit.

Rather than wasting time, it is strongly advised to use a simulated online work loan, this saves time in your procedures but also takes advantage of the best offers of the moment, especially when a bank or an organization financier performs a one-off promotion on credit rates.

The online simulation is done without commitment and free of charge, one more argument to save precious time.


Borrow money: How to compare the interest

When you focus on taking out a loan, you naturally need to compare interest rates. But what about interest? What are the interest rates based on? What does fixed or variable mean? Therefore more about interest this week.

To start with the basics: interest is the fee that you pay for borrowing money. This is also the reason that a loan costs money. Because of that interest, you pay your Good Credit provider back more than you have borrowed.

Interest rates of loans

Interest rates of loans

The interest that you pay for your loan consists of a basic payment and a surcharge. The basic reimbursement is determined on the basis of the market interest rate. That market interest rate is what the bank itself pays to borrow money.

Increasing demand for loans means that the market interest rate is rising. Borrowing money then becomes more expensive. Does the question decrease? Then borrowing becomes cheaper and you borrow at a lower interest rate.

The surcharge component of the interest rate is determined by various factors:

  • If you borrow a larger amount, you borrow at a lower interest rate.
  • Do you opt for a loan with a short fixed-interest term?
  • Then you are cheaper than with a longer fixed-rate period.
  • When providing a loan, there is always a risk for the bank that the loan will not be repaid. High risk means a higher interest rate.
  • Do you have a home of your own? Then you often benefit from a lower interest rate.
  • Finally, the costs that a bank incurs also have an influence. You can think of personnel and office costs, for example.

Borrow money online: lower interest

Borrow money online: lower interest

This immediately makes it clear why borrowing money online has major advantages. At Good Credit, for example, we specialize in providing loans. As a result, we have fewer staff than large banks. Our office costs are also lower and the processes optimized. You can see that in our lower interest rate.

Continuous Good Credit with variable interest

Then the choice between fixed and variable. A fixed interest rate is part of the personal loan. You borrow a fixed amount at a fixed interest rate. The term of your loan is also fixed. This way you know exactly what you spend on your loan every month. So no surprises.

The variable interest rate of a continuous Good Credit may change. This is because the influence of fluctuating market rates plays a role here. Even if the costs that your lender incurs change, you may see this reflected in a higher or lower interest rate.

Compare interest rates

Compare interest rates

Are you going to take out a loan? Ask yourself whether the interest may be variable. Or do you prefer the certainty of a fixed interest rate? You can find more about the continuous Good Credit with variable interest and the personal loan with fixed interest on our website.

You can also compare the interest rates of different providers here. Or request a quote. Our Good Credit advisors are happy to think along with you about the best loan for you.

Ask yourself; how much money can I borrow? Then our calculation tool offers a solution.