Free borrowing is a financing solution offered by Pelprêt that enables its customers to benefit from a money loan without having to justify the use of the funds. Unlike earmarked loans, unrestricted loans offer great flexibility of use, whether to finance a personal or professional project, carry out work or consolidate debts.

What is a loan?

By definition, a loan is a banking transaction in which the borrower asks a financial institution to place a specific sum of money at his disposal. In the case of a loan, the financial institution defines the terms and conditions in advance.

To this end, the lending institution requires the subscriber to repay a series of charges integrated into the sum of money borrowed. In most cases, the banking operation includes interest associated with the monthly instalments, depending on the APR (Annual Percentage Rate) applied.

Kredit Konnect: The ideal option for borrowing money with confidence.

Borrowing money with Kredit Konnect means making money lending simpler, outside the traditional banking business models. Likewise, the digital platform’s vocation is to provide borrowers with transparent financing, in line with the Consumer Code.

To make borrowers’ financial security even more secure, all consumer loans are offered at fixed, amortizing rates, with no hidden charges. In the same vein, the digital platform excludes revolving loans from its range of consumer credit products.

To meet the widest possible range of needs, loans are granted to finance multiple personal projects, with no need to justify the nature of the expenses incurred. Simplicity and efficiency are the watchwords of this digital platform.

Whether your life project involves a need for money ranging from 1,000 euros to 50,000 euros, anyone can start a personal simulation. A high-performance analysis of the borrower’s profile quickly guides the user towards a low-rate loan offer. The digital platform is convinced that borrowing at the right price is not an option, but rather a right.