Q: Who can apply for a mortgage loan?

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 .

Q: I have several outstanding loans. Can you simplify my situation?

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.

Question 1

Who can apply for a mortgage loan?

Accepted Answer

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.

Question 2

My credit application was denied. How long do I have to wait to submit a new application?

nathalie · Accepted Answer

My credit application was denied. How long do I have to wait to submit a new application?

Question 3

What documents do I need to apply for credit?

nathalie · Accepted Answer

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 bank statements proving the collection of your salary on your bank account.

Question 4

Is it possible to prepay?

nathalie · Accepted Answer

Yes, this is a right inherent in any type of loan.

Question 5

How long is the mortgage loan?

Accepted Answer

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 the amount lent to you.
the “interest” that must be paid by the borrower.
It is always in your interest to repay the capital as quickly as possible and therefore to favor a fixed rate mortgage loan/credit for the shortest possible duration.

For what ? Because the more capital you repay, the less interest you will have paid upon closing the loan/mortgage credit contract.

Question 6

Can I make an appointment at the agency?

nathalie · Accepted Answer

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.

Question 7

I have several outstanding loans. Can you simplify my situation?

nathalie · Accepted Answer

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.

Question 8

What are “conditions precedent”?

Accepted Answer

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 protection for the future buyer in the event that his credit request is refused by the banking organization.

Thus, when you sign your sales agreement, it will be subject to the suspensive condition that you obtain your loan/mortgage credit within the time limit set when signing the sales agreement before the notary or with the real estate agency.

Concretely, this means that if you do not obtain your loan / mortgage credit within the agreed deadline, it is void (cancelled) unless you obtain an extension of the deadline to obtain your loan / mortgage credit.

In this case, things are returned to their original state and each party to the sales agreement is released from their obligations. The seller could thus agree to sell his property to another candidate buyer who would sign a new notarized sales agreement.

At Crédit Populaire Européen, we are committed to giving you a quick response so that you can notify the seller as quickly as possible.

Who can apply for a mortgage loan?

Who can apply for a mortgage loan?

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