How the personal payday loan works

All project loans

Use of the personal payday loan

Use of the personal loan

Finance all types of projects: car, wedding, works, studies, etc.
No compulsory contribution

A fixed APR :

  • No application fees on all repayment terms.
  • An immediate online policy response.

Great management flexibility:

  • The choice of a monthly payment adapted to your budget
  • A fixed schedule
  • The possibility of prepayment at any time without penalty up to € 10,000

With a personal payday loan you can for example:

With a personal loan you can for example:

Make a car loan, to buy a new or used car

For the purchase of your new vehicle (-2 years) or used: car, motorcycle, scooter, etc., We offer a personal payday loan of 4 000 € to 50 000 € over a period of 12 to 84 months, with a fixed APR.

Make a work loan

Make a work loan

For any work, decoration or interior and exterior arrangements (renovation of a bathroom, a bedroom, a kitchen, etc.), We offer a personal payday loan up to 75 000 € over a period of 12 to 96 months, with a fixed APR.

How does the personal payday loan work?

How does the personal loan work?

The Cofinoga project loan is a personal payday loan amortizable issued for a specific need, on receipts, with or without contribution.

A depreciable credit

A depreciable credit

Depreciable: This means that you repay an amount over a fixed period of time according to predetermined deadlines

  • Only one amount is paid to you once to finance your project.
  • The duration of the loan and the monthly payment are determined in advance.

Under what conditions?

  • Whatever your project (work, purchase of a car or a scooter, financing a wedding or a computer), We have solutions for you.
  • You will need to specify your project and provide proof.
  • Depending on your project, we can finance you from 4000 € up to: 75000 €

How to repay it?

How to repay it?

You choose the amount of your monthly payment and the speed at which you want to repay among the possibilities offered to you. It is a balance to be defined between the amount of your monthly payment and the duration of the loan.

Each month you repay your monthly payment, which remains fixed for the duration of the loan. The loan period varies between 12 and 96 months, depending on the type of project. You have the option to make an early repayment at any time.

Early repayment is up to € 10,000. You have the possibility of requesting an early repayment fee if the credit is greater than € 10,000:

In case of full or partial prepayment of the credit on your initiative, the payment of an indemnity will be required by the Lender if the amount of the prepayment will exceed € 10,000 during a period of 12 months.

The amount of this allowance will be:

– 0.5% of the amount of the credit being redeemed early and the end date of your Credit Agreement would be less than or equal to 12 months.

– 1% in the case where this period is greater than 12 months.

In any case, the amount of this early redemption fee will be limited to the amount of interest you would have paid to the Lender between the early redemption date and the end date of your Credit Agreement. No prepayment indemnity will be claimed by the Lender if the early repayment has been made in execution of an insurance contract intended to guarantee the repayment of the credit or in case of exercise of the right of withdrawal within the framework of execution of the Credit Agreement.

How to subscribe to a personal payday loan?

How to subscribe to a personal loan?

  • Subscription steps
  • You can subscribe to the loan of your choice on our website 24 hours a day, 7 days a week.
  • Make your loan application projects in minutes.
  • 6 minutes is the average time you will need to complete all the fields in the application form.
  • Then print your contract online.
  • Receive it also by post within 2 to 6 days.
  • Prepare your vouchers (see here the documents to provide).
  • Receive your answer in principle
  • You will get an answer in principle immediately online.

Finalize your request

Finalize your request

Print your contract (or ask to receive it by mail), complete it and sign it, then return it with your documents to the address indicated.

Get your definitive answer

You will get a definitive answer within 3 days after receiving all of your file (contracts and documents).

Have your financing

Your loan is open, you will have funds within 48 hours maximum.

The 3 subscription modes

The 3 subscription modes

You can apply for a subscription directly online, by phone or in an agency.

The online application is open 24/7.

For other means of subscription, check the opening hours, and see our “Documents to provide” section to make sure you do not forget anything before starting your application.

The conditions to be fulfilled

The conditions to be fulfilled

To apply for Cofinoga credit, you must:

  • Be at least 18 years old
  • Reside on French territory
  • Not to be registered on the Banque de France and FICP files
  • Collect monthly income
  • Provide proof for the study of the file

Documents to provide

Documents to provide

Include all the following supporting documents:

  • Double-sided photocopying of your valid National Identity Card and that of your co-signer (if applicable)
  • A bank account statement (RIB)
  • The photocopy of your last fixed or mobile phone bill with subscription or your energy bill (electricity or water or gas)
  • A check on which you write “CANCELED” corresponding to the same account as the RIB provided
  • A photocopy of your proof of income and that of your co-signer (if applicable).
  • Other justifications may be requested, non-exhaustive list.

The “plus” cofinoga

The "plus" cofinoga

Financing of all types of projects

Financing of all types of projects

With or without input, Cofinoga finances all types of projects: marriage, car, scooter, computer, health, work, etc.

The choice of the sampling date

The choice of the sampling date

You can freely determine the date of the month to which your monthly payment will be taken.

Service and advice

Service and advice

If you want additional information, do not hesitate to contact our advisers: they are at your disposal.

The ideas received about the personal payday loan

The ideas received about the personal loan

Some ideas circulate about the loan projects. Cofinoga has collected them for you and provides clear and precise answers.

Is it true that I can repay at any time before the scheduled date?

Is it true that I can repay at any time before the scheduled date?

The law allows you to repay your credits up to € 21,500 without penalty. If you have an unexpected cash flow or want to make a loan consolidation, do not hesitate to repay your project loan faster.

For credits over € 21,500, a penalty of 3% of the amount may be applied.

Can I reduce my monthly payments if needed?

Can I reduce my monthly payments if needed?

Yes exceptionally, you can contact our customer service but the procedures can be quite complex. If you anticipate a need for flexibility in your monthly payments, revolving credit is a solution that may be better suited to your project.

If my project requires an extension of capital, do I have to take a new loan?

If my project requires an extension of capital, do I have to take a new loan?

Yes, the amount of a project loan is fixed at the time of subscription and can not be changed. If you think you are going to need more financing in the coming months, revolving credit is a better solution for your situation.

Can my APR change in repayment?

Can my APR change in repayment?

No, it has been set in your contract and can not be changed, neither downward nor upward, regardless of the repayment term.

In case of trouble, how does it go?

If you feel near the difficulties of repayment, do not wait to be able to pay, call us! We will find solutions together by making a diagnosis of your situation.
For example, if your difficulties come from a job loss and you have joined the project loan insurance, the insurance can take care of the repayment of the monthly payments. Accompanying you in case of difficulty is part of our job.
If you have several credits and the weight of your repayments is too heavy, we will study with you the possibility of a consolidation of credits.

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