Your Obligation to Repay the Monthly Premium

When you take out a loan (personal loan, car loan, mortgage loan or consumer credit), you enter into a legal commitment: repay the borrowed amount according to the agreed schedule. From the moment the credit contract is signed, the borrower must pay a fixed monthly premium, determined by the amount borrowed and the duration of the loan. The first repayment generally takes place no later than one month after signing the contract and continues until full repayment at maturity.

Throughout the duration of the contract, you also have the right to repay your loan early, in whole or in part. This may reduce the total cost of your credit, although early repayment fees can apply. Understanding these mechanisms is crucial to avoid late payments and the serious consequences that can result, especially a listing at the National Bank of Belgium.

If you are currently struggling to keep up or are already in arrears, do not wait. The sooner you take action and seek advice, the more options you will have to stabilize your finances and avoid aggravating your situation.

Default of Payment and Termination of Your Credit Contract

When you fail to pay your installments on time, the lender first sends you a formal notice by registered mail. If this notification remains unanswered and the situation is not rectified, the lender can terminate your credit contract. From that moment, the contract ends and the remaining balance of the loan immediately becomes payable, along with interest and any contractual penalties linked to the termination.

In parallel, the lender proceeds with your listing at the National Bank of Belgium. The fact of being listed has very concrete consequences: as long as the listed situation is not fully resolved, it becomes practically impossible to obtain a new loan in Belgium. All credit institutions are legally bound to consult the listing file before granting any credit.

To have the listing removed, you must first fully repay the outstanding amounts: the borrowed capital, interest, and late-payment penalties. Even after full repayment, the law maintains your listing for one additional year, during which access to new credit remains blocked. This is why it is vital to consider solutions as early as possible, before the situation deteriorates.

The Only Real Solution When Listed: The Crédit Propriétaire

How can a listed person repay their loan when they are already having payment difficulties? In Belgium, once you are listed at the National Bank, traditional consumer loans are no longer accessible. The only possible credit solution in this context is the crédit propriétaire, a form of mortgage loan specifically designed for owners.

To apply for a crédit propriétaire, you must own a property that is (largely) free of charge. The loan is guaranteed by a mortgage on this property, which allows the lender to take a lower risk despite your listing. However, because of the costs related to registering a conventional mortgage, no crédit propriétaire is generally granted below approximately €25,000. It is therefore a structured solution aimed at consolidating debts and regularizing more significant situations.

Our experienced brokers are at your disposal to examine whether this type of solution is suitable for your situation, explain the conditions in detail and help you reorganize your debts under the best possible terms given your constraints. Each file is studied individually, with attention paid to your repayment capacity and the value of your real estate.