Getting a Bank Loan

Français bank loans - pr personal

French banking and financial institutions work very much like elsewhere, albeit probably with greater care! So if you want to take out an uncollateralised loan in France, you will usually need to be domiciled and preferably have a steady and steady source of earnings.

The most important thing when considering you for a loan is that the creditor cannot give you a loan if the overall amount of your debt (including all rental payments) is higher than 33% of your net earnings. It is your responsibility to furnish full documented evidence of your earnings and living conditions. The system of checking creditworthiness is the same as in most other states.

When your revenues are floating, the creditor will want to see your personal information for several years and it is likely that the interest rates on offer represent the greater risks taken by the creditor. It' possible that a non-resident in France will get an uncollateralised bank loan, but you probably have to hop through tyres to get it.

A bank's attitudes are strongly affected by how long it has known and trusted you. They are likely to require you to pay them about 25% of the loan value until it is paid back. But if you get one, it can be rewarding because interest in France is generally lower than in the UK and many other states.

When you are looking for a loan, then your first point of contact should be your bank - if you have a good record of success with them, they will probably be in the best place to provide you with a good interest will. Meilleur and Empruntis are two of the biggest online loan intermediaries in France.