After validation of your request, the lender will send you a loan offer summarizing all the conditions of the operation, namely the total cost, the rate, the fees, the death-disability insurance, the loan amount or the method of reimbursement. You are obviously free to accept or refuse them.
If you have not yet signed and returned the loan offer, you are not bound to the lender, which means that no fees should be charged (administration fees, allowances, fees guarantee…).
During a period of 7 days following the acceptance of the combination, no payment can be made by the lender to the borrower. For its part, the client cannot make any deposit or sign a credit-related check during this period.
How to exercise your right of withdrawal?
- If the consolidation mainly concerns consumer loans , you have a withdrawal period of 14 calendar days which runs from the date of signature of the contract: that is to say, you can reverse your decision to commitment without having to justify yourself.
- On the other hand, in the case where the share of the mortgage represents more than 60% of the amount bought back , it is the Scrivener law which applies. We no longer speak of a withdrawal period but of a reflection period : this is fixed at 10 days from the day after the date of receipt of the loan offer. The borrower cannot therefore return his accepted offer before having benefited from this period to make his decision.
To signify your right of withdrawal, you must return the withdrawal slip (detachable form attached to the contract) to the lender, duly signed, dated and completed. It should be returned by registered letter with acknowledgment of receipt, no later than the last day of the withdrawal period. You are therefore not required to justify your decision.
When does it become too late to withdraw?
If you have not exercised your right of withdrawal, while it is mentioned in the offer that the loan will be granted to you within 14 days, the credit repurchase agreement becomes final. The provision of funds then takes place before the end of the withdrawal period. This is the only time the lender is allowed to claim money from you.
Thus, within 30 days of the end of the withdrawal period, you must pay him the amount corresponding to the capital made available and the interest calculated over the period of availability.