A consumer credit simulation allows a borrower to determine how much he can borrow. It also allows him to calculate his monthly payments and the cost of his future loan. All this is done free of charge and without commitment.

To do this, the borrower has to go to the website of the lending institution. It offers a consumer credit calculator, which can be used at any time and without limitation. The resulting calculation will be a clear indication of the borrower’s fiscal capacity.

Is the simulation of an urgent consumer credit committing?


No. Whatever the calculator used by the borrower on any site, his approach does not have an engaging character. The simulator is declined from urgent credit in a simple calculating tool to prepare in all simplicity its demand for consumer credit.

The borrower will not have any document to sign or contact information to indicate. Also, the results obtained are purely indicative and can not be held as commercial offers.

However, after having made a simulation of consumer credit without justification, the borrower can compete with credit institutions, to find the best rates. To do this, he must fill in some information, to subsequently receive several loan offers.

The consumer credit simulation tools available to the borrower

Several are consumer credit simulation tools that the borrower can use:

  • The calculator of the debt ratio. It determines how much of the borrower’s expenses are in the budget. For a consumer credit, banks can accept a debt ratio of up to 50% (against 33% for a mortgage). The borrower will have to inform his expenses and his income,
  • The calculator of the purchasing capacity. The borrower simulates the maximum amount he can borrow from a lending institution. To do this, it indicates the type of consumer credit desired (auto credit, car loan, loan without proof …), the repayment, the duration of the credit and the interest rate.
  • The APR calculator (annual percentage rate of charge). This rate includes all the costs related to the loan transaction, including the borrowing rate, the application fees and the insurance costs. It is the ultimate indicator of the cost of a loan. It is also a tool for comparing different offers of consumer credit. To do this, the borrower provides information on the borrowed capital, the duration of the loan, the interest rate, the insurance costs and the handling fees.

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