Astro Finance is a specialist in consumer credit. Subsidiary of CreditMutual, the group offers several financing solutions, including work loans. Adapted to renovations or other decoration needs, the Astro Finance works loan is intended to be adaptable to any type of project. Let’s start by examining the conditions of the Astro Finance works credit, before looking at the competitiveness of its rates.
Details and conditions of the Astro Finance works loan
The Astro Finance works loan adapts as well to an extension project (swimming pool credit, veranda…) as to a desire to change your kitchen, or even renew the decoration of your interior. However, it is subject to conditions.
- Credit is available to all individuals, owners or tenants.
- The wording offered by the organization on its site is a personal work loan.
- Astro Finance may request a quote for the work, an invoice or any other certificate of sale in connection with the credit request.
- The amount of the Astro Finance works loan must be between $ 5,500 and $ 30,000.
- The duration of the credit extends from 12 to 120 months.
- It is possible to repay the Astro Finance works loan in advance.
- This loan can be taken out without contribution.
- The organization offers the possibility of modulating monthly payments upwards or downwards, subject to acceptance.
Is the Astro Finance works loan interesting?
We have chosen to compare the Astro Finance works loan on the basis of two significant amounts, which can be adapted to an extension credit or any other expansion project. The first concerns a request for $ 8,000 over 36 months, the second is based on $ 10,000 in 48 monthly payments. The offers posted by Astro Finance are compared here with the loan rates for works from the best specialists present on our comparator.
|For a work loan of $ 8,000 over 36 months||APR rate||Monthly fees||Total cost of credit|
|Best Organization||2.99%||232.47 $||368.92 $|
|Organization 2||3.30%||233.54 $||407.44 $|
|Astro Finance||3.90%||235.59 $||481.24 $|
|For a work loan of $ 10,000 over 48 months|
|Organization 2||2.99%||221.12%||613.76 $|
|Astro Finance||3.65%||223,96 $||750.08 $$|
The Astro Finance works loan is systematically more expensive than that of the best credit organizations. This is the case on all our tests carried out by simulating amounts between $ 5,500 and $ 35,000, regardless of the repayment period. It is difficult to advise the credit of the organization in light of our study. The best online work loan is certainly not that of Astro Finance!
Astro Finance also highlights its works credit by posting a fixed APR rate of 1.81% over 12 months. However, beyond the fact that it is not very competitive (bankatedis or viloan, for example, offer a work loan of $ 6000 at 1% fixed APR over 12 months), such a contract involves very substantial monthly payments. For most French people, they will be impossible to digest.
How to Apply for Astro Finance Works Credit
Individuals wishing to take out a Astro Finance works loan must go through several stages:
- Carry out a credit simulation online.
- Fill out the form by filling in your identity and location.
- Astro Finance provides an immediate response in principle to each request.
- In the event of a positive response, the Astro Finance works loan contract is sent by email.
- Once the conditions have been verified and the supporting documents have been collected, the contract must then be returned by post.
- Astro Finance re-examines the file and validates or not the request.
- Once the credit application has been granted definitively, the applicant has 14 days to withdraw.
The acceptance process is rather long, Astro Finance offering no solution to transfer and sign documents directly online. Let us also point out our difficulties encountered when filling out the request form. Concretely, the decision or validation pages for a stage were not displayed correctly. We had to do it several times to realize our work credit request!
Remember that it is important to find out from your town hall about the possibility of carrying out an extension project. The law surrounding exterior work is very specific, for example.
What supporting documents are requested?
The list of compulsory supporting documents associated with the Astro Finance works loan is made available. The group also warns us that documents justifying the completion of the work may be requested. Among the pieces cited, we find:
- Proof of identity
- Proof of address (less than three months)
- Proof of income (latest salary slip and / or tax notice)
- RIB in the name of the borrower
- Proof of purchase, invoice or work order (optional)
The Astro Finance works loan in two words
Astro Finance Travaux Astro Finance is not very competitive compared to that of the best credit organizations. Also, the application and acceptance process is relatively complex. The organization also reserves the right to request a lot of supporting documents related to the completion of the work, thus extending the list of documents to be provided. So many arguments that go in the direction of competition. You can find a cheaper and more professional online works loan than that of Astro Finance in a few clicks.