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Screenshot of Consumer Loans Home Page BNP Paribas

Consumers loans are often required to fill the gap that a shortage of savings leaves. These loans can be pretty pricey if not sourced from a credible institution, and too much of it can also lead to financial difficulty. But, in the right circumstances, these loans can be a great financial boost for those who understand the limitations of the product. It’s also important to know what the advantages of these loans are in comparison to other finance types. A bank that provides a great variety to its clients may have the means to set them up well or lead them down a dangerous path of indebtedness. Will the BNP Paribas Consumer Loans packages offer clients agreeable terms? This review digs a little deeper to find out.

A bank that has a simple personal loans offering is National Australia Bank. The full review is available.

About BNP Paribas

This is a bank that may not have all its roots firmly embedded in France, but due to sheer dedication and a superb focus on customers in France, it is now an indisputable French banking giant. Considered one of the top banks in the world, BNP Paribas has a rich history dotted with massive expansion initiatives and a deep understanding of the market. It led to an impressive balance sheet, which the bank is constantly looking to grow.

BNP Paribas
Screenshot of the History of BNP Paribas

BNP Paribas Consumer Loans Product Offerings

Driver’s License at EUR1 Per Day

Obtaining a driver’s license can be an expensive operation for those between the ages of 15 and 25. This loan solves that problem by partnering with the French Government.

  • Customers can use the loan to finance their driver’s license or go for driving lessons.
  • The interest rate is paid by the government, therefore, customers are not required to cover the interest.
  • The borrowings are repaid at a rate of EUR 1 per day, which roughly equates to around EUR 30 per month.
  • Finally, customers are required to enroll in a driving school that is a program partner.

Home Renovation Loan

This loan is ideal for those who wish to finance the interior design and renovations of their property. Furthermore, customers enjoy a fixed rate of interest on this loan.

  • The loan amount is determined by the affordability and need of the client.
  • There is no application fee on the loan.
  • Customers can apply for the loan online and receive a pre-approved response.
  • Finally, customers may pay the loan upfront or make additional payments without incurring additional penalty charges.

Energibio Loan

Customers who wish to introduce an energy-saving initiative in their home will find this loan type suitable. Furthermore, the interest rate on the account is fixed.

  • This loan carries no application fee.
  • Also, customers are able to pay off their loan or make additional payments without paying penalties.
  • Finally, there may be tax advantages for clients with this loan type.

Student Loan

This loan type is suitable for customers who need to finance their studies and other projects during this time. Furthermore, they enjoy a low and competitive interest rate.

  • Customers enjoy a longer than usual repayment term of up to 84 months.
  • The term is determined by the student’s duration of studies.
  • Finally, customers may make early, partial, or total payments without incurring penalty interest.

Student Entrepreneur Loan

Students who wish to start their own businesses may require finance to do so. This loan type is designed for those students.

  • The loan type carries no interest rate in order to allow the student to help establish their business.
  • Customers are able to make additional payments or settle the finance in full without incurring penalty fees.
Screenshot of Student Entrepreneur Personal Loan BNP Paribas

Apprentice Loan

This loan type allows students to finance at the start of their classes or throughout the year. Furthermore, they enjoy a very competitive fixed interest rate.

  • Apprentices between the ages of 18 and 29 can apply for this loan type.
  • The loan amounts range from EUR 760 to EUR 21,500.
  • Finally, customers may make additional payments or settle their finance early without penalty fees.

Prélib’Campus

Students who need to finance their various study needs will find this loan type suitable. It covers items such as the purchase of supplies, transportation, internet access, and more.

  • This loan does not carry any interest charges.
  • Furthermore, customers can borrow up to EUR 1,000.
  • Finally, customers know in advance what their repayments are.

Computer Equipment Loan

Some study courses require expensive computer equipment, which makes this loan a viable option.

  • Customers enjoy a very low fixed interest rate.
  • Furthermore, the loan amounts range from EUR 760 to EUR 3,000.
  • Finally, customers have the option to repay the loan over a period of one the three years.

Young Professional Loan

This loan type is suitable for those between the ages of 18 and 29. Furthermore, this loan can finance their high-tech, travel, household appliances, and other needs.

  • Customers enjoy a competitive fixed interest rate.
  • The loan amount is based on the repayment capacity of the client.
  • There is no application fee.
  • Also, customers may sign up for finance online and may receive an immediate pre-approval.
  • Finally, the loan can be settled in additional part payments or fully without incurring penalty interest.

Wedding Loan

Weddings can be quite costly and this loan helps couples finance their big day. Furthermore, the loan carries a fixed interest rate.

  • The loan amount is based on the repayment capacity of the client.
  • There are no application fees.
  • Customers may apply for finance online and may receive an immediate pre-approval.
  • Finally, customers may settle their loans with additional payments or once-off settlements before the end of the term without incurring penalty charges.

Consumers who wish to rather save up for this special day should consider the savings account range offered by BNP Paribas.

Baby Loan

This loan type is related to the birth of a child. Furthermore, it attracts no interest.

  • There is also no application fee on the loan type.
  • Customers may settle the loan with additional part payments or in full without incurring penalty interest.

Retirement Loan

Priced slightly higher than the other loans, this loan is dedicated to funding projects related to retirement.

  • The customer’s repayment ability determines the loan amount.
  • Furthermore, there are no application fees to this loan type.
  • Customers may settle their loan without the hassles of penalty fees.
  • Finally, those who apply online may receive an immediate pre-approval.

1st Salary Loan

This is the ideal loan for those who wish to fund their first paycheck. It is exclusive to those aged 18 to 29 and has been employed for less than 12 months.

  • Customers enjoy a low and competitive interest rate.
  • Furthermore, there are no application fees.
  • Customers who apply online may receive an immediate pre-approval.
  • The loan amounts range from EUR 1,000 to EUR 6,000 and are limited to up to two months’ wages.
  • Finally, customers can settle the loan without paying penalty fees.

Miscellaneous Loan

Customers who need to cross a few things off their list, or their loan type doesn’t quite match the current product range, will find this suitable. The loan is often used to fund high-tech items, traveling, and more.

  • The interest rate here is slightly higher, but in many cases still lower than a credit card.
  • This loan type does not carry any application fees.
  • Furthermore, the loan can be settled without having to fork out additional penalty fees.
  • Finally, those who apply online may receive an immediate pre-approval.

Digital Loan

The ideal loan for those who require funds for their digital devices. Furthermore, the interest rate on the loan is quite low and very competitive.

  • This loan type has a fixed loan amount of EUR 1,000 which customers can pay off within four to twelve months.
  • There is no application fee for this loan type.
  • Customers may also settle this loan early without incurring early settlement penalties.
  • Finally, those who apply online may receive an immediate pre-approval.

Consumer Loan Consolidation

Customers who have many smaller loans and wish to streamline their expenses should find this ideal. Furthermore, this loan type is suitable for those who wish to consolidate more than two loans, held at BNP or elsewhere.

  • The interest rate on this loan is fairly high, however, still less than many retail loans or credit cards.
  • The loan amounts range from EUR 3,000 to EUR 75,000.
  • Also, customers enjoy a repayment term of up to 9 years.
  • Finally, those who apply online will receive assistance from a specialized loan advisor.

Aurore

This is a revolving facility that is available through the Aurore card. Furthermore, this is a free card.

  • The loan amounts are capped at EUR 4,000.
  • Also, the repayments on the card become available to the customer again.
  • Customers may settle the loan without incurring early settlement penalties.
  • Finally, the bank provides dedicated customer support and service.

BNP Paribas has a decent range of current accounts and we recently did a review on it.

Critical Reviews Rating BNP Paribas Consumer Loans – 10 of 10

Screenshot of Some Loan Types BNP Paribas

This is one of the best personal loan ranges we’ve come across and the reason is simple: there are a number of options without it feeling like a copy-and-paste exercise. The bank puts a lot of effort into the loan packages and each one has a different approach to the last.

They price the product appropriately which means the rates are reasonable. Furthermore, the bank does not use these loans as an opportunity to make an exorbitant amount of money out of customers through penalties and application fees.

This is an easy perfect score as the bank keeps the customer in mind with this superb product range.

Find out how Royal Bank of Scotland compares with their loan range. 

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