Credit for unemployed in Belgium
Are you unemployed and have problems with money? First thing, know that you are not alone since 50,000 Belgians were in the same situation as you, late 2017. The good news is that the volume of unemployed in Belgium continues to fall. Set up for individuals with low incomes, social credit is an option of credit absorption and / or mortgage credit that will allow you to buy a used vehicle, replace your boiler, finance training but also to access the property and this even with average income.
Unemployed and financing in Belgium
First, it is important to understand why it is so difficult to get a loan as soon as you are unemployed. Without a job, you do not have a regular income and your risk profile is not desirable for most banking institutions. Banks are more willing to accept your application when they have guarantees that you will repay. nowadays, the banks have very strict directives in the granting of the credits, in addition to the legal provisions (to be major and not to appear on the obscure listing of the National Bank of Belgium).
To access a personal loan even if you are unemployed, the ideal would be to submit a contribution of 10% of the amount you claim from the bank. But with the unemployment benefit that often does not exceed 1 400 euros, you already have trouble getting away with the rent and daily expenses. To remedy this, opt for a personal loan with downstream, asking for the help of a co-borrower who will vouch for your credit. of course, this computer specialist must fulfill the conditions requested by the bank and will not be filed by the National Bank of Belgium.
Conditions for granting the unemployed personal loan
Unemployment is a complicated scourge to fight and anyone can find themselves in this situation at some point in their lives. In action, with the various crises that may occur, no one is immune from economic redundancy., unemployment is often synonymous with financial problems and for different reasons, the unemployed can move into the constraint of applying for a loan.
Possible loan options for unemployed in Belgium In Belgium, you can take out a bank loan even if you are unemployed. The chances of getting a loan for the unemployed are rich for individuals who have fulfilled certain conditions. Possession of a personal contribution of the order of 10% of the amount requested facilitates your loan. If this is not your case, other possibilities are conceivable. When you own one or more real estate, you can opt for a mortgage. This one requires the putting in guarantee of your goods. You can thus receive an amount equivalent to the actual price of the property pledged.
AMOUNT OF CREDIT FOR CREDIT THE PRINCIPLE : Consolidation of credits is a financial maneuver that is useful for collecting all the loans of a borrower in a single credit, to rediscuss the rate of credit rates and reduce the monthly burden. This solution allows you to have a longer repayment period near the lending agencies, ie the total cost of the loan will increase, but it allows you to repay less every month. Doing a pooling of credit means renegotiating a loan with a credit agency which leads to new fees (records, to name just that). A decision not to be taken lightly.
Second alternative for a person who does not have to subscribe an unemployed credit, that to make play its real guarantee. This heritage property must be a property whose amount is generally equivalent to that of the requested credit. This solution gives the bank the opportunity to seize the property and put it on the auction market if the client can no longer meet its deadlines. A rather infallible method in case of assigned credit. We have seen some ways to use for one person not to work, however, there are others.
When you apply for credit, the lending group is forced to read your financial income, they can be real estate. nVipa works with fincancer organizations specialized in credit for nobody to not payroll. Your credit with sufficient real estate guarantee since 35. 000 €. Vipa sets up its expertise in credit management for people without payroll.
Let us return to the three scenarios of the jobseeker at the end of the law, the owner without source of income and the recent unemployed person. The first has the most difficulty in discussing a loan because it has no guarantee. It must be borne in mind that credit organizations are for-profit entities and not social purpose associations. There is no question for them of taking risks.