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First, let us clarify that the mortgage is the guarantee which allows a bank to cover itself in the event that the borrower is no longer able to repay his loan. In fact, the borrower could not sell the property without obtaining approval and the release of the mortgage. The bank has the right to […]
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Granting a loan/mortgage credit generates various costs: Registration fees which is a tax. Credit opening. This is a tax paid to the State by the Notary when registering the deed for the conservation of mortgages. Notary fees (rates are set by law). Real estate expertise (varies depending on the credit organization). Bank application fees (vary […]
The duration of the credit can be spread over a period of 10 to 30 years depending on the age of the borrower(s) and the amount of the loan. Over this duration, two cycles can be distinguished: the “depreciation(s) of capital” i.e. repayment of capital to the credit provider. In a word, the repayment of […]
This is an act generally drawn up by a notary or in certain cases a bailiff. An authentic act is enforceable against third parties, that is to say that third parties or people who are not parties to the agreement cannot question the existence of the act. To take out a loan/mortgage credit, you must […]
It is a right which allows a person to be preferred over other candidates for the purchase of real estate when it is put up for sale. The beneficiary will therefore be preferred even if he makes an equal offer to the other buyers.
This is the unilateral commitment of a person to acquire property under certain conditions. The offer does not bind its recipient as such unless they expressly agree to it. In this case, the sales contract is formed.
These are clauses indicated in the sales agreement which condition the birth of the legal effects of the loan / mortgage credit contract on the fulfillment of one or more conditions stipulated concretely in the notarial deed. The condition being in this case obtaining the agreement of the bank. It is therefore above all a […]
Yes, you can always decide to change notary during the sales procedure but the notary who will take over will only intervene after you have paid the fees of your previous notary in full. In this case, there will be a sharing of fees and costs.
It is generally accepted that the total credit charges for a month should not exceed 33% of your monthly income for a single person and for certain banks. In certain other cases, the debt ratio for importable income can go up to 50% of household income. At Crédit Populaire Européen, our specialists study your situation […]
Some banks do not require a contribution of funds from the borrower. However, if the bank has to finance the entire amount of the loan plus the costs of the notarial deed, it is possible that your interest rate will be higher than if you are able to make a prior contribution . If you […]
You must first be divorced to consider this solution or have a property separation contract. You can take out a loan to buy out your former spouse’s share. If you have a mortgage loan in both names, you can continue to repay it alone if your income is sufficient to repay the initial monthly payment […]
This is a possible operation but it necessarily involves costs. We advise you to redeem your loan/mortgage credit. We can study your file and offer you a better interest rate and thus buy back your current loan/mortgage credit. Contact our advisors for this purpose.
Any person residing in Belgium or Luxembourg, whatever their professional situation (employee, employee, liberal profession, self-employed, etc.) can apply for a loan / mortgage credit from European Popular Credit.
The minimum duration is set at 8 years and the maximum duration at 30 years and depends on the age of the applicant.
What is fixed interest rate? In this formula, you benefit from an interest rate which will be identical for the entire duration of the execution of the loan / mortgage credit. This is a particularly interesting formula when rates are low and likely to increase over time. Currently interest rates are historically low and this […]
In general, credit requests are taken by our advisors over the telephone. We then submit the file to one of our financial partners who gives us a response within 24 hours. If your application is accepted, we will schedule an appointment for you at one of our agencies so that you can sign your credit […]
You will receive your money as a transfer to your current account within three working days at most.
Once agreement has been obtained from one of our partners, you have three weeks to sign your credit contract. After this period, your agreement is no longer valid and our advisors would then be obliged to submit a new file.
No, for security reasons, your money is only paid to your bank account.
No way. The amount of your credit is paid to your usual current account.
There is no age limit for borrowing. Our advisors analyze your situation on a case-by-case basis.
Yes, provided you have an endorsement or deposit.
You must contact us immediately. We will find a solution together. Don’t forget that after 2 unpaid monthly payments, your lending organization will cancel your credit contract and you will be listed with the National Bank of Belgium. In this case, you will no longer be able to borrow on the credit market.
In principle, if you are unemployed you cannot borrow because your unemployment benefit cannot be seized unless you have a guarantee, that is to say a person who agrees with you and who has seizable income. . In addition, if you own an investment property and have rental income, you can borrow under a mortgage […]
If you are married under the legal community regime or without a marriage contract, you cannot borrow alone and in this case, your wife or husband must sign the credit contract with you. If you are married under the regime of separation of property, you can sign a credit contract alone.
The vast majority of credit requests are made by telephone. However, when your request is accepted, you will need to make an appointment with one of our advisors who will examine your supporting documents and give you the credit contract for signature.
70% of Belgians own property in Belgium. To the extent that a person who rents does not offer the same guarantees as a person who owns their home, their ability to borrow is limited unless there are exceptions. At CPE we generally limit a tenant’s borrowing capacity to 60 months but there may be exceptions, […]
Yes, the assets placed in securities, savings, term or deposit accounts can be taken into account to assess your contributory capacity.
If you do not pay two monthly payments, your lending organization has a legal obligation to cancel your credit contract and request your registration from the National Bank of Belgium. In this case, you will no longer be able to borrow on the credit market until your dispute is resolved.
Of course. A large majority of our customers are not Belgian.
CPE grants loans to foreigners residing in Belgium and Luxembourg.
Without any problem, you must know the IBAN and BIC accounts. There are no fees to repay your credit from an account in Luxembourg.
Contact us by phone. Our advisors will take your request by telephone.
Especially not. If you submit several credit requests to different brokers, your request will probably be refused because the Personal Credit Center will consider that they are different credits.
We must analyze each situation on a case-by-case basis. When interest rates are very low, it may be interesting to conclude a contract with a fixed rate. When the rates are high, it is then advisable to conclude a variable rate contract. In all cases, our advisors study each case in a specific way to […]
Yes. Our advisors settle your current loan and offer you a new loan with the desired addition.
Your divorce has no effect on your contract agreement. The ex-spouses both remain jointly and indivisible liable for the amounts borrowed.
In Belgium, we cannot postpone a payment deadline. If you have lost your job, you should contact us immediately. We can offer you a solution to settle your outstanding credit and offer you a new one. By doing so, we will already gain a deadline.
When you borrow with another person and in the event of this person’s death, you would not be able to pay the loan alone, you are strongly advised to take out death insurance in your own interest. In certain cases, the financial partner makes the granting of credit conditional on the conclusion of credit insurance.
At CPE we always have an advisor on duty from 9 a.m. to 5 p.m.
Yes, but on the condition that the bank can take out a mortgage on real estate located in Belgium or Luxembourg.
My credit application was denied. How long do I have to wait to submit a new application?
You must wait three months and one day to reapply.
You can no longer borrow on the credit market. In order to have your file cancelled, you must repay the outstanding amounts and then wait 15 months for the file to be cancelled by the National Bank of Belgium.
Once your credit contract is signed in our offices, your money is paid into your bank account within 24 hours. If you are a resident of Luxembourg, you will have to wait 48 hours and if the amount of the credit is superior to the sum of 25.000,00 €, a delay of 3 working days […]
We introduce your file to one of our financial partners who will give us an answer within 24 hours.
You must be at least 18 years old.
The credit continues and must be supported by the living borrower. The borrower must contact us and provide us with the death certificate. If the borrower had death insurance, then the insurance will cover all or part of the insured loan. If there is no death insurance, then the living borrower must bear the cost […]
Contact us. If you have a mortgage but own a property free of charge, we can offer you a mortgage and pay off the outstanding amounts.
Yes, this is a right inherent in any type of loan.
The identity card of each borrower in order of validity or a valid passport. If the borrower is a foreigner but resides in Belgium or Luxembourg, he/she will have to present a Luxembourg resident card or a Belgian residence card. The last 3 original salary slips of each borrower as well as the last 3 […]
Of course, but for your convenience, our advisors take credit applications over the phone and then, when your credit application is accepted, we receive you in one of our branches to have you sign the credit contract.
No. The law does not allow child benefit payments to be used for credit purposes.
Yes, we recommend that you consolidate all your loans so that you only have one outstanding loan and one monthly payment. Our advisors will offer you an interest rate that will make your new monthly payment less than the sum of your current monthly payments.
The sale of new buildings is taxed differently. It is subject to VAT. The sale price includes : field registration fees. the “construction” part, subject to VAT (21%). Notary fees and costs calculated on the total value must be added.
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