Introduced on the market at the end of the Eighties, the loans at revisable rate took an important place gradually. They to date account for approximately 1/3 of the total of the loans in France. three essential reasons justify the rise to power of the loans at revisable or variable rate:
- An initial rate lower than that of a fixed rate:
The short rates which are used as a basis of calculation for the revisable rates on the financial markets are lower than the long rates which them are the directing indices of the fixed rates. It is thus very trying to benefit from lower rate at the beginning of the loan.
The credit banks and institutions improved with the passing of years the characteristics of the loans at revisable rate. They created for example two formulas which protect empruntor: the wrapped revisable loan and expiries reached a maximum in the event of rise of the interest rates (the rise of the rates is reflected then in a longer duration of refunding).
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