Fixed-term loan: a growing financial product among financial organizations

Published on by Delphine from OltottMesz

The increase in hiring on fixed-term contracts is pushing banks more and more to take an interest in this segment of the population by offering consumer loans more suited to this type of situation.

After Cetelem, which for some time launched its " CDD loan " and more recently the Banque Populaire which also targeted, with a new product, people with precarious employment, it is now the turn of the Caisse d'Epargne de embark on the adventure. The bank will now offer a financing offer intended for people on fixed-term contracts.

As we saw at the end of 2013, more and more organizations are now opening their doors to people on fixed-term contracts by offering them financing solutions adapted to their current situation. The number of people in this relatively high situation also pushes banks to change their financial products accordingly.

Of course, not all people in this situation will unfortunately be able to obtain their desired financing, however now banks will consider credit requests from this segment of the population much more carefully.

Recent figures published by the Ministry of Labor also show that this part of the population is constantly growing. While there is a current slight decline in permanent hires, fixed-term contracts currently represent 83.7% of hires, a level not reached for 15 years.

People on long-term contracts therefore represent a significant part of the working population in United States, banks and credit organizations have understood this and obviously see it as a promising market.
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