Gysm bank is a subsidiary organization of Laser Cofinoga and belongs to one of the leaders in the financial market: DMP Personal Finance. Gysm bank is a specialist in financing solutions, including the purchase of credits. If this notion is unknown to you, know that it is a loan contracted for the purpose of paying other credits. This financial transaction is more and more popular with consumers. Why use credit pooling? What are the formulas offered by Gysm bank? This post explains this concept in detail.
Explanations on the redemption of credits
Being in an uncomfortable financial situation is detrimental to the well-being of a consumer. Indeed, he works only to repay his debts (repayment of credits like different bills) and feels obliged to deprive himself not to sink into the bank overdraft. Simply put, a person in a debt situation (here, we do not mention overindebtedness) has more expenses (or an equivalent amount) than resources. To restore the balance of the financial balance, it is necessary to reduce the amount of the charges. Redemption of credits can help you in this quest.
The law gives rules on this device. Thus, when an organization (Gysm bank for example) grants a loan to an individual to enable him to collect the credits that he has in his possession, the financial institution must obligatorily propose to the borrower to take over the repayment of dispersed credits. It must also play on transparency by giving complete information on the new loan offer ( interest rate, amount borrowed, management cost, total cost of credit, repayment period ).
Types of credit redemption
Whether you are tenants or owners, employees on permanent contracts or civil servants. Gysm bank has a solution to propose to you to optimize your budget. So that everyone can find the perfect offer, Gysm Bank has an extraordinary arsenal of products: repurchase of mortgages, consolidation of credits without justification, nor guarantee.
The rates set for the reunification of its loans are in line with the markets and the duration of the loan. Thus, for consumer loans, the duration varies between 4 and 12 years while for home loans, the duration varies from 10 to 25 years. As part of a combination of loans (real estate with consumer loans), Gysm Bank applies the law. In fact, if the total amount of real estate loans is less than 60% of the total amount of the loan, the repurchase will be governed by the regime of consumer credit.
Cost and benefits of credit redemption
Gysm Bank did not want to offer simulation online. To obtain a study, one will have to be satisfied with the telephone call or the sending of an email. The offices are open on weekdays (8 am to 7 pm) and on Saturday mornings (9 am to 12 pm). Gysm bank also works with specialized brokers to distribute its offers.