How to apply for consumer credit?

To obtain consumer credit from a bank, several steps are necessary. From your request to the assessment by a bank advisor of your ability to repay a loan, without forgetting all the supporting documents to be provided. Here is a point on the procedures and all the documents you will need to provide to take out a consumer loan.

To obtain consumer credit and finance a purchase, you must have a real capacity to borrow and repay a credit. 

The steps to build a consumer credit file

The steps to build a consumer credit file

Less complex to obtain than a mortgage, because relating to smaller sums, applying for a consumer loan however requires compliance with certain steps. Indeed, if you want to buy a new car, finance a trip or even a wedding or have fun with various expenses, you will necessarily have to have your financial situation examined by an adviser.

1. Making contact
You have the possibility of applying for a consumer credit from your current bank, or of applying for a competing establishment. In branch or online, contact the bank of your choice to let them know about your project.

2. Analysis of your financial situation
To obtain consumer credit and finance a purchase, you will have to demonstrate your creditworthiness. This means that you must have real capacity to borrow and repay a loan. To determine your debt capacity, the bank will study your personal but also professional situation. Whether you are an employee on a permanent or fixed-term contract, self-employed or unemployed, and whatever your level of income, this verification is an essential prerequisite.

3. The supply of supporting documents
Based on the information provided and the first simulations selected, the bank will require supporting documents to prepare the final file and obtain final validation. You will then get an offer of credit, to sign to start the process.

4. The provision of funds
Once the consumer credit offer has been signed, the bank will be able to provide you with the funds necessary for your purchase.

Supporting documents to provide for a consumer credit

Supporting documents to provide for a consumer credit

What information and supporting documents should be provided in the context of a consumer credit application ? What documents do I need to bring to build a credit report? You will have to justify your personal but also professional and financial situation. Here is a non-exhaustive list of documents that will generally be requested:

  • Proof of identity (identity card / passport) as well as a family booklet, a marriage booklet or a PACS certificate depending on your marital status;
  • Proof of address less than three months old;
  • Your pay slips for the last three months, or your Pôle Emploi certificate if you are unemployed. For the self-employed, the tax declaration will serve as proof;
  • All documents related to credits that you currently have and that are in the process of being repaid Remember to provide contracts but also amortization schedules;
  • A RIB, to be able to transfer funds.

The waiting period to obtain a final answer depends on the bank that you request. Some banks offer an immediate response in principle or within a few hours. They will then require supporting documents before giving a final answer. It is impossible to get an immediate definitive answer for a consumer loan. The law requires the bank to check your creditworthiness before accepting any file.


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