FOCUS- In a context of tighter access to credit, these promotional offers give buyers some leeway.
Loans subsidized at or near 0%, local grants… Buyers struggling to make ends meet are not completely helpless in the face of tighter access to credit and soaring interest rates. There are plenty of nudges to give them some air when they borrow. examples? A loan of up to €50,000 at 0% through Crédit Agricole d’Île-de-France, an interest rate of 0.5% on €20,000 for 18-29 year olds by LCL or an interest rate of 1.25% on €30,000 and a term of 15 years via Caisse d’épargne Rhône-Alpes. These offers, where the bank fully or partially bears the interest in capturing new customers, have always existed, but they had been somewhat disregarded in light of the low rates of recent years.
also readProperty credit: Identify the right type of loan
They re-emerge today with sky-high cash costs. A loan is now around 2.2% over 20 years. ” These loans are a real help. They make it possible to reduce the total cost of credit”
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