Revolving credit
With our revolving credit, finance your projects at your own pace. Simulate your project in just a few clicks – it’s quick and commitment-free.
Our personal loan offer
For a personal loan of €14,000, with a term of 48 months and the first payment due in one month, at a fixed Annual Percentage Rate (APR) of 2.50%, you will repay 48 monthly installments of €303.73, for a total amount due of €14,579.12.
The cost of optional insurance, calculated based on coverage for Death, Total and Irreversible Loss of Autonomy, and Disability for a single borrower, is €2.07 per month and is added to the loan repayment installment (if you have opted for it).
The total amount due by the borrower for insurance over the entire loan term will be €24.84, for an Annual Percentage Rate of Charge (APRC) of 1.57%.
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Have a project in mind? An unexpected expense?
With the MsCredit Revolving Credit Line, you have access to a sum of money ranging from €1,501 to €10,000. Use your credit the way you want!
As you make repayments, your revolving credit line is replenished and remains available for further use, subject to the terms of your contract.
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Simplicity above all
- 100% online
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No need to open an account to get a bank card!
Our priority? Speed
- Fast transfers
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When you need money, you need it right away!
Being smart pays off!
- Cashback on your everyday purchases
- Attractive rates on all our offers.
Doing your shopping and filling your piggy bank at the same time, how nice!
Revolving Credit: Maximum Amount and Duration
The Cofidis revolving credit facility is used to finance your small projects ranging from €500 to €6,000. It is taken out for one year and is renewable at the lender’s discretion. Its maximum repayment period is capped at:
- 36 months (3 years) for loans under €3,000
- 60 months (5 years) for loans over €3,000 (4).
Since the available amount is replenished as repayments are made, you are free to reuse your credit whenever you need money, up to the available amount and subject to the account being in good standing.
Get your online loan in just 3 simple steps!
Our mission is to simplify your online loan application. As an expert consumer credit broker, fully digital and 100% secure, Mscredit makes the process easy.
Submit your request
Fill out the form in less than 8 minutes, either on our website or in store.
Final answer
You will receive a final answer from us within 48 hours.
Get your loan
You will receive the funds within 8 to 14 days, depending on your choice.
At Dineo, we've already helped over 1,200,000 customers.
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Borrow up to €3 000 and repay it in 30 days.
Reuse your revolving credit as you see fit!
Depending on your situation, choose your repayment period.
After a few months, your credit line is replenished.
And you can even book your vacation with the same credit line!
The advantage of revolving credit is that it replenishes itself as you make repayments.
It’s convenient to quickly realize your projects without having to go through the application process again.
MsCredit’s revolving credit is a simple and readily available solution.
Advantages of quick loans
Receive up to €1,500 in your account in less than 24 hours.
Your first loan of €250 to €300 is free and at 0% APR.
Security
We use the most advanced data encryption tools to guarantee your privacy.
Transparency
Know from the start the exact amount you will have to pay.
Flexibility
Delay repayment of your quick loan, increase the amount requested.
Trust
the confidence of belonging to the leading financial group
What our customers say about us
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Thanks to MsCredit, we were able to resolve our financial problem quickly and easily. Their friendly and professional service fully satisfied us.
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Personal Loan Insurance Protects You
Unexpected events can happen to anyone. So consider insuring your personal loan.
By insuring your personal loan, you protect yourself in case of unforeseen events (job loss, death, total or irreversible loss of autonomy).
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What is a revolving credit facility?
Revolving credit falls under the category of consumer credit, regulated by the Consumer Code. To improve borrower understanding, revolving credit, formerly known as a line of credit, can no longer be called that. This change was mandated by the Lagarde Law of 2010.
A revolving credit facility is a line of credit, ranging from €200 to €6,000, made available to the borrower. It is linked either to a bank account or a credit card. As its name suggests, it is renewable, meaning that the available funds, used by the borrower, are replenished as repayments are made.
Why take out a revolving credit line online?
A revolving credit line can be used to finance all kinds of projects, such as buying a household appliance, financing a vacation, or dealing with an unexpected expense. The simplicity and speed of the online process allow you to quickly obtain the necessary funds to make your projects a reality. An online revolving credit line offers a flexible and accessible solution. With the ability to manage your credit online, you can easily track your repayments and adjust your monthly payments according to your financial situation. You can compare offers online and find the one that best suits your needs and borrower profile.
How Revolving Credit Works
With a revolving credit facility not linked to a credit card, the funds are made available directly to the borrower’s checking account via bank transfer.
Revolving credit facilities linked to a credit card can be used to pay for purchases or withdraw cash from an ATM.
For any purchase exceeding €1,000, the borrower will automatically have the choice between a revolving credit facility or a fixed-term loan with fixed monthly payments. This allows them to compare the two options and choose the one that best suits their needs.
What differentiates a revolving credit facility from other consumer loans?
Unlike a revolving credit facility, a mini-loan allows you to borrow a sum of money that, once repaid, cannot be reused. This sum is fixed when you sign the contract, with a repayment period and interest rates defined in advance.
Our mini-loan solution allows you to borrow from €100 to €3,000 in just a few clicks and receive the money in your bank account 24 hours later. While our revolving credit facility can be spread over a period of 6 to 60 months, the Coup de Pouce mini-loan is repaid in 4 monthly installments over 90 days, with the first payment taken on the day you sign up.
Revolving credit facility or personal loan: what are the differences?
As explained above, a revolving credit facility takes the form of an available amount allocated to the borrower that can be spent in full or in part according to their needs. Repayments replenish the loan’s principal, allowing the borrower to access the funds again.
A personal loan with fixed repayments, on the other hand, is a one-time, one-time loan, better suited for financing a specific and expensive project (car, home improvements, leisure activities, travel, wedding, etc.). Unlike a revolving credit facility, where the interest rate can be adjusted during the contract term, the interest rate on a personal loan remains fixed until the repayments are complete. From the outset, thanks to the amortization schedule provided by the lending institution, you know the amount of each of your future monthly payments, as well as the total cost and the exact duration of your personal loan.
What are the requirements for applying for a revolving credit facility?
What supporting documents are required to apply for a revolving credit facility?
With a revolving credit facility, you are not required to justify how you use the borrowed funds. However, as with all consumer loans, the lending institution will ask you to provide certain documents to process your application, including:
- Proof of identity;
- A bank statement (RIB);
- – Information about your personal situation (income, expenses, family situation, housing situation, etc.),
- in order to determine the maximum amount available beforehand.
For amounts exceeding €3,000, proof of income will be required.
How much can I borrow with a revolving credit facility?
When you apply for a revolving credit facility, the lending institution will review your application to determine the maximum amount of capital that will be made available to you. In other words, the amount you can borrow depends on the extent of your financial resources.
Due to its ease of use, automatic renewal, and the increased risk of over-indebtedness, revolving credit is subject to strict legal regulations. At MsCredit, the available capital for revolving credit cannot exceed €6,000.
Is borrower’s insurance mandatory for revolving credit?
While revolving credit is a type of consumer loan, it is not legally required to be insured by the borrower. However, loan insurance is strongly recommended when borrowing a significant sum of money with a repayment period spread over several years. This insurance will cover your monthly revolving credit payments should unforeseen life events occur (unemployment, temporary disability, total and irreversible loss of autonomy, death, etc.).
To find out everything about the loan insurance offered through MsCredit, among the most attractive, please contact us.
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The fintech expert in 100% digital neo-brokerage
We developed our company following an observation: the consumer credit market lacks clarity, the procedures are lengthy, and consumers get lost in a flood of unsuitable and discouraging offers!
Frequently Asked Questions
If your account balance allows, you can request an increase to your Accessio credit or your Option Revolving Credit account through your online account or the mobile app.
From your online account: on the homepage, you can request an increase to your credit by clicking the « Increase » button.
You will then arrive at an online form which you will need to complete, along with any supporting documents that may be requested for the final acceptance of your loan application.
If you do not see this button on your application or in your customer area, it means that your situation does not allow you to request a raise.
You can use your available credit from your online account or the Cofidis mobile app by clicking the « Use » or « Use my available credit » button on your revolving credit account details.
If this button doesn’t appear, it means your credit balance is insufficient.
If your available credit isn’t enough to cover your project, you can contact your advisor using your preferred contact method, available at the bottom of the page.
Please note: To request a transfer, we need your bank details.
You have three options:
Option 1: Log in to your Customer Area. Once logged in, you will find your available credit balance on the homepage. If you have enough, click « Use » if you wish to withdraw some or all of it.
Option 2: This information is available in the « Credit Summary » section of your monthly statement.
Option 3: Contact your advisor using your preferred contact method.
There are absolutely no fees as long as you don’t use your revolving credit.
Finance your project at your own pace
Discover our installment payment options, credit options, mini-loans and bank cards
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Consumer Credit
Consumer credit is a specific type of credit.
Consider reading our guides and news articles that discuss financing options for consumer products.