Do you want to apply for a loan, an installment loan, a personal loan, or a mortgage?

It is not always easy to choose among the many credit offers available on the market.

We offer you a free credit simulator to give you a precise idea of the monthly payments you would have to repay and to allow you to compare with other offers on the market.

Online Application and Credit Simulator

You can apply for credit directly through our website.

To do this, you need to use our credit simulator and when you submit your application, you will know precisely:

• The APR or the applied interest rate;
• The total amount of interest after repaying your credit;
• The total cost of your credit;
• Therefore, you can commit with full knowledge of the facts.

How does our simulator work?

• First, choose your project;
• Enter the amount you want to borrow;
• Adjust the repayment period according to your possibilities or wishes;
• Submit your application;
• Fill out the application form. Only the mandatory fields need to be filled in. However, filling out as many fields as possible will speed up the processing of your credit application. If essential information is missing, our brokers will contact you by phone to complete your credit application.
• Don’t forget to watch our explanatory video on how our simulator works!

No Obligations

Using our simulator and sending your credit application does not commit you to anything.

Upon receipt of your loan application, our brokers will submit a request to several financial institutions to obtain the most favorable rate on the market.

Then, they will contact you to see if the proposal they are submitting interests you. You are always free to refuse.

Finally, our brokers will set up an appointment with you to sign your credit contract (In Mons, Arlon, Esch-sur-Alzette).

You are only committed if you sign the credit contract. Therefore, using our simulator and sending a credit application does not commit you to anything.

Do you have multiple ongoing loans? Let’s say you have taken out auto financing for a purchase of €25,000; you also have an installment loan of €10,000 with which you did some renovations in your house; finally, you have contracted a revolving credit (a credit line) of €3,000 in a large store to buy high-tech products (tablets, computers, printers, smartphones, iPhones, etc.).

You realize today that the accumulation of your three separate monthly payments is starting to strain your monthly budget and that the ends of the month are becoming difficult.

Rather than dragging on with monthly repayment difficulties, it might be time to think about finding a solution: consolidating your three loans into a single loan can certainly reduce your new monthly premium. A few words of explanation.

What is credit consolidation?

Credit consolidation aims to perform a credit grouping. In the example mentioned below, you have three separate monthly payments to make. By consolidating the three outstanding loan balances, you will only have one loan with a significantly lower monthly payment.

What are the benefits?

Firstly, from an administrative point of view, you no longer have to think about paying your three premiums each month to different interlocutors. With credit consolidation, you only have one ongoing loan and one interlocutor.

Secondly, it is obvious that the accumulation of three separate premiums resulted in much higher repayments than if you only had one ongoing loan, even if the amount of this loan is higher.

When should you proceed with the consolidation of your loans?

As soon as you have more than one ongoing loan, it can become interesting to proceed with a credit consolidation. This is a possibility that you should consider with your broker.

Obstacle to credit consolidation

It will be difficult to proceed with a credit consolidation if you are listed with the National Bank of Belgium, meaning if your file has fallen into litigation.

Solution?

If you own a property that is free of charges, it can always be considered to take out a homeowner loan and take a new mortgage registration on your property.

The nice weather is here, and with it comes the desire to renovate and do some work on your house. Take advantage of it to bring more comfort to your whole family. Why not install a veranda in your garden or transform your garden? Discover the ideal solution with the renovation loan and how to finance the work.

Doing some work, arranging your attic to add a quieter living space in your house. Changing the frames or installing double glazing to save on your heating oil bill…

Who can get a renovation loan?

Only homeowners can get a renovation loan. A tenant cannot take out a loan under the preferential conditions of the renovation loan. They will need to take out a personal loan or a classic installment loan.

What are the conditions for getting a renovation loan?

• Be the owner of the house;
• Provide a signed quote from both parties (the contractor and the owner);
• If no quote is available, provide the invoice for the work;
• The quote must cover at least 80% of the amount borrowed;
• Identity card;
• Last three pay slips;
• Bank statements where the salary is deposited;
• Property title of the house;
• Loan in both names for married people.

Is there a maximum borrowing limit?

No, it will all depend on your contributive capacity.

Installment Loan or Mortgage Loan?

In terms of renovation loans, this is an important question often asked: which is the most interesting formula: the installment loan or the mortgage loan?

Generally, the installment loan will be the winning formula. Indeed, the mortgage loan involves costs, and even if the rates are lower in a mortgage loan (3.5%), the costs incurred by the mortgage loan will negate this advantage. The rates in installment loans are around 7%, so it is only if you plan to borrow a very large amount (more than €50,000) that the mortgage loan becomes interesting.

The mortgage loan will be the solution for the borrower who cannot offer other sufficient guarantees (for example, if the salary amount is too low or if there are already other ongoing loans).

Are the costs of a mortgage loan significant?

When buying your house, the financial institution will establish a mortgage guarantee. This guarantee will incur four types of costs: loan deed fees, notary fees, registration tax to the registration administration, and VAT.

When your initial mortgage is already well repaid, you can again take out a mortgage loan to carry out the work. In this case, the costs will be lower. They will only include two types of costs: loan deed fees and notary fees.

Therefore, to know exactly which of the two formulas is the most interesting for you, you will need to ask one of our brokers to analyze your file. Let’s say that below €25,000 and unless you have no other solution, you should favor the installment loan.

And don’t forget…

Finally, with the pace at which raw materials are running out and considering the frantic increase in energy prices.

Doing insulation work, for example, means reducing your energy bills. The same goes when you buy a refrigerator or a dishwasher from the higher range, which will consume much less electricity. In the long run, you will win and contribute to the ecological effort. With Cpe you benefit from advantageous rates, apply for your loan online.

Crédit Populaire Européen is an SME active in the field of brokerage and intermediation of credit and insurance. Founded in 1996, it has been active in the credit market for 17 years and has acquired an enviable position in this highly competitive market.

The head office of our company is located in Saint-Symphorien, just a few minutes from the city center of Mons. It employs 9 full-time employees. We have branches in Waterloo, Arlon, and Luxembourg (in Esch-sur-Alzette). Discover the video presentation of our company.

CPE is a credit and insurance broker

What exactly is a broker? It is an intermediary between a bank and a client. In summary, our job is not to grant you credit but to prepare your file as best as possible to facilitate its acceptance by one of our financial partners. You thus benefit from our expertise and our reputation with banks to facilitate the granting of your credit request.

Our areas of activity

Our company is active in the field of credit and insurance.

Our flagship products are installment loans, consumer credit, personal loans, and mortgage loans. Discover our entire product range on our website.

We also insure you in all usual areas of life. Our insurance.

Why is our company competitive in these markets?

• Our staff speaks 6 languages (French, Dutch, English, Spanish, Italian, and Portuguese);
• Our brokers travel throughout Belgium and are available to meet you every day;
• We guarantee a response within 24 hours, and if accepted, your file is signed within 3 working days;
• Our reputation for reliability with banks is excellent;
• Our brokers are qualified and experienced: they all have a high background in accounting, economics, law, and can answer all your questions.

Our essential credit products

Our website is one of the best on the market. Browse www.cpe-credit.com and discover, among other things:

• Our smart advice for every important event in your life (wedding, moving, pregnancy, etc.);
• Our credit simulator shows you to the exact euro the amount of interest you will have to pay in addition to the repayment of the principal;
• Our notary fee simulators make your life easier when buying real estate;
• Our credit advice sections help you understand everything about your credit;
• Our explanatory videos will reassure you about the processing of your request;
• Sign up for our newsletter to stay informed of our promotions;
• Our blog is undoubtedly one of the most relevant on the market.

You are an individual planning to take out a loan or credit soon, whether it is an installment loan or a mortgage. You are wondering what documents will be required to apply for a consumer credit or a mortgage loan. Additionally, you have a securities account, various movable and immovable investments, as well as a savings account, and you would like to know which incomes will be considered to assess your creditworthiness. Let’s quickly clarify these questions.

What is my contributory capacity?

The credit institution or credit company is obliged to grant you credit responsibly, which means analyzing your contributory capacity so that the credit granted does not exceed the financial means you have and will allow you to repay this credit. In terms of credit, there is a simple principle that your borrowing limit is determined by your contributory capacity, which means all the financial means a person can mobilize to repay a credit while still being able to repay any other credits and meet the daily, ordinary expenses of life.

The first obligation of the broker is therefore to inform you of the amount you can borrow in regard to all your available income. Thus, the broker may be led to temper a client’s wishes by drawing attention to the limits of their budget. A dialogue is thus established between the broker and the client about the project the client plans to carry out. The borrower may sometimes have to delay the completion of certain works if the desired amount exceeds their contributory capacity.

To what extent can I count on the income generated by my investments, my securities account, and my savings account?

Movable investments made through banks, brokerage firms, investment companies, or insurance companies should, in principle, generate periodic income. Thus, a savings account generates annual interest. Bonds, government securities, and even some stocks produce annual interest and dividends.

These financial assets can indeed be considered to determine and assess your contributory capacity.

However, we must always remember that these financial assets may present a certain degree of risk (this is particularly true for stocks but also for high-yield bonds). Therefore, the credit institution or company cannot solely rely on the production of such assets to grant you credit.

Generally, what incomes are considered to determine my contributory capacity?

To determine the amount of credit you will be able to borrow, a broker will consider the following incomes:

• Your professional income;
• Your rental income (limited to 80%);
• Your investment income (savings account, securities account, investments).

What incomes are never considered for the granting of credit?

For reasons of legal insurability, a credit institution or company cannot consider the following incomes:

• Family allowances;
• Unemployment and CPAS benefits;
• Alimony payments (however, these positively influence the profile of an application).

The Crédit Populaire Européen is an SME active in the brokerage of personal loans and insurance. As a local player in the economic life of our region and Wallonia, we frequently get involved in sponsoring social, cultural, or sporting activities.

What events or activities do we support?

Our priority goes to social, cultural, and sporting initiatives in our region. For instance, we might provide financial support for the organization of clothing or food distribution to people in precarious situations.

Are you organizing a music, theater festival, or any other cultural project? Present your project to us, we will be interested.

Have you decided to organize a hiking or mountain biking event, etc.? Contact us, we might be by your side.

How do we intervene as a sponsor?

We support the organization of your event through financial support.

What do we expect in return?

In return and depending on our intervention, we ask you to ensure the visibility of our brand and logo on your flyers and advertisements. If you have created a website, blog, or Facebook page around the event, we ask you to include our logo and brand among your partners with a link to our website.

We also ask you to prominently display our banners with our brand at the event location.

How to request sponsorship?

We invite you to visit our website. Gather the necessary information and send us your request via our online form.

We will receive you at our offices in Mons, and on this occasion, we will examine your organization file together and find a win-win solution.