What rate for a loan works?

 

 

 

 

 

Assigned consumer credit, the loan work can be requested by individuals for all types of work concerning their housing. Here are our tips for everyone who needs financing for their renovation projects.

Understand what a loan works

Understand what a loan works

A loan works is a credit conso assigned to the realization of work in the housing occupied by the borrower. It should not be confused with the real estate loan with works that is also a financing for works, but backed by a real estate purchase.

The loan work considered as consumer credit affected may concern both the financing of major work performed by a professional and work done by the individual himself. This is a type of consumer credit that often involves wealthier and older borrowers than other types of consumer credit (auto-moto loan, personal loan, etc.).

Focus on current rates of work loans

Focus on current rates of work loans

Overall, the year-on-year rate of working loans reached record highs in January 2018 (examples: 1.70% for the minimum rates of working loans of less than € 10,000 over 24 months, 2, 90% for over 60 months). To take advantage of the best rates, the individual must scrutinize the offers of the various banks that can sometimes make their clients benefit from loans at promotional rates. Combining all the costs related to credit, the annual percentage rate of charge (APR) makes it possible to compare each loan between them.

The possibility of resorting in addition to zero interest loans

The possibility of resorting in addition to zero interest loans

A state-assisted loan, the zero-rate loan (PTZ) can complement a work loan if the individual (or his tax household) owns and has a small income. The zero-rate loan makes it possible to purchase a home to be renovated with work to be done at least equal to 25% of the total cost of the operation. The zero-rate eco-loan (eco-PTZ) allows it to finance the energy renovation of homes, and is accessible to both landlords and owners of old housing.

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