According to the European Union it is necessary to promote financial literacy, a financial education to avoid a new crisis. The European Economic and Social Committee states that “an important part of decisions in a person’s life is associated with financial behavior”. They also ensure that said behavior has a direct consequence to our professional and family environment. And it is without doubt that an important basis of our lives, whether we want it or not, is created by economic stability. That is why if we do not do an adequate management or if we need financing, we should access it knowing some key aspects. When we have a project, for example, personal loans will be our allies.
Knowledge or, failing that, information makes us powerful. It is not the same to talk about something that we do not have the slightest idea, to know the subject in question. And, when hiring a service, with more reason still. If we want financing of some kind, whether through a personal loan, a mini -credit , a credit card or through a crowdlending platform , the best thing to do is, therefore, to be aware of the cause.
In this case, we will focus on explaining personal loans, a type of financing that will serve to illustrate what we should look for when hiring a financial product:
Below we show some of the best personal loans in the current market so we can see these characteristics and other advantages offered by this form of financing:
|Cofidis Project Credit||From € 4,000 to € 15,000||From 5.07%||
|ING Orange Loan||From € 6,000 to € 60,000||From 6.11%||
|Cetelem Personal Loan||From € 3,000 to € 50,000||From 6.12%||
Finally, the purpose of this type of financial product is useful for those cases in which we need capital on a regular basis. If we have a project in mind, personal loans will also be the financial products that will best suit our needs. Therefore , if we want financing that requires figures and long terms, we can choose a product like this.
As we have seen, with a good financial education we will know which product to go to so that it adapts better to the needs that we have. If what we need is capital of large amounts to finance our projects, personal loans will be our products. However, if we have a small unforeseen event that has left us with no liquidity, it is best to go to small loans such as mini-loans. But we’ll explain that in the next chapter.
In this way, knowing what they offer and for what situations, we can make an intelligent consumption of financial products. That is, we can know what is our best form of financing for each case.