Credited for the unemployed in Belgium
Are you unemployed and want to make a loan for unemployed, a personal loan or an absorption loan? Is unemployment and a demand for credit compatible? Is it possible for an unemployed person to have a credit? This is the subject we will briefly discuss today. A person may be unemployed after years of work during which they have acquired a comfortable wealth (eg house, car, savings, securities account). If this unemployed person wants to apply for a credit, the credit intermediary (the broker) will carefully examine his / her patrimonial situation and will see to what extent he / she can find collateral.
Unemployed and financing in Belgium
Today and due to the fact that unemployment benefits have become degressive, an unemployed person alone no longer knows how to take out a mortgage 125 in order to acquire his home . Before, it was enough to go through the social loan in the Walloon Region to be provided with a chance to obtain an agreement for his loan application. This time is now over. On the other hand, an unemployed person can be totally taken back as a co-borrower in a file where the principal borrower is an employee. We will obviously take into account his allowances as income from change.
The social loan has been put in place to help individuals with a minimum income in managing their unstable financial situation. For example, if you need to furnish your home urgently, you can contact the Public Center for Social Action (CPAS). You will pay a minimal interest rate (currently 2%) on a loan of up to 5 years and you receive assistance with the application process. This is how the bank can grant you a loan by being unemployed if you have a person who is a guarantor and has no previous credit history. it is important that this guarantor has sufficient income for his personal expenses and over the market to take over the credit responsibilities of the person taking the loan if it proves necessary.
Conditions for granting the unemployed personal loan
For receipts, they are the same as a conventional loan. it is important to transmit almost all the data on his identity, a certificate of unemployment, proof of domiciliation, the various statements of energy billing documents of the last three months and statements of account. The list is not stopped and some banking institutions may ask for other required items as per your request.
And if you want to use another loan formula for the unemployed, you will always be able to redirect to the offers of credit institutions by providing a deposit given by someone in your environment and reassure the bank that can still extract his money. to the person who has been the guarantor. It is also possible to choose an unemployment credit with a real guarantee. in this case, the loan will take the form of a credit assigned and the bank may withdraw the purchased property if there is a concern to the extent of repayment.
AMOUNT OF CREDIT FOR AMOUNT THE PRINCIPLE : Loan consolidation is a financial approach that is used to aggregate all loans from a borrower into a single credit, renegotiate credit rates and reduce the monthly charge. nnThis solution allows you to have a longer repayment period with lenders, that is to say, the total cost of the loan will increase, but it allows you to repay less every month. Making a loan consolidation means rediscuting the rate of a loan with a credit institution, which leads to new costs (for example, files). A decision not to be taken lightly.
In case of loss of employment, there is an alternative to the buyback of credit and unemployment: the postponement of deadlines. If this option is included in the loan agreement, the borrower can call this postponement to interrupt the repayment of the maturities for several months, the time to find a CDI. The resumption of credit in CDI applicant is also possible in the case where the one who takes the loan is real estate owner and agrees to mortgage his home. The bank then has a guarantee if the one who takes the loan does not respect its promises.
When you see an application for credit, the lending authority is obliged to read your financial income, these can be real estate. nVipa works with fincancial organizations in person credit without payroll. Your credit with sufficient property guarantee from $ 35,000. Vipa implements its expertise in credit management for people without payroll.
To not forget
Let’s go back to the three cases of the end-of-right CDD applicant, the owner with no source of income and the recent unemployed person. The first has the most difficulty in negotiating a loan, because he has no guarantee. However, it is important to know that credit foods are for-profit entities and not associations with a social purpose. There is no question for them of taking risks.