Converting a revolving credit into a personal loan – Our revolving loan advice

Yes, it is sufficient to request it, by simple letter, from the lending institution during the annual renewal of the contract. Note that the establishment to which you are attached must communicate to you 3 months before the renewal of the contract, the conditions for its renewal.

To transform your revolving credit, you will have to notify your decision to your organization, on the anniversary date of the contract and within a maximum period of 20 days before its renewal.

By carrying out its transformation, the revolving credit will therefore be closed in favor of a personal loan.

Also note that two other solutions are available to you to allow you to switch from revolving credit to a personal loan, without having to wait for the anniversary date:

You have only one revolving credit

You have only one revolving credit

You can get a personal loan from another financial institution allowing you to settle revolving credit. The latter is therefore reimbursed according to the conditions of a conventional loan. Be careful all the same with the rates offered by banks! Lite Lender.com helps you find the most advantageous offers on the market, free of charge, using our personal credit form.

Settling revolving credit does not mean closing it, the credit line will remain active. To find out how to terminate revolving credit, do not hesitate to consult our dedicated page.

If you have more than one

If you have more than one

The repurchase of credit makes it possible to regroup several loans and to reduce the monthly payments. The aim of this solution is to simplify your financing by taking out a single loan. For more information on buying back credits, see our guide.

If you have revolving credit but have not used it

If you have revolving credit but have not used it

You can cancel the revolving credit at any time and take out a personal loan either with your current establishment or with a new one. Note that not all banks offer the same rates or the same credit terms. It is advisable to compare to obtain the most advantageous offer on the market.

Need a reserve of money? Compare, it’s easy and free!