Bank loans in France

Post new topic

Priscilla ViP

Member since 30 May 2013

PriscillaViP22 August 2018 09:42:32

42358

Hello,

Finances and banking can sometimes be a headache for many expats, especially when it comes to taking out bank loans.

Is it difficult for an expat to get approved for a bank loan in France?

What are the types of bank loans available for expats (mortgage/bonds; business loans; car loans; personal loans; student loans)?

What are the general conditions for expats to take out bank loans (interest rates; timeframe to repay loans, etc.)?

Which bank in France is the most popular or accessible for expats regarding loans?

Would you normally require the services of an accounts manager at the bank in order to facilitate the process of taking out a loan? Is this service free of charge?

What would happen in the case of an unpaid loan if you have to repatriate back to your home country or move somewhere else?

Are there any other options for loans aside from the bank in France, such as taking out a loan from your bank in your home country, or other types of companies not affiliated with banks, that give out loans?

Thank you for sharing your experience.

Priscilla

jeanfinney Contributor

Member since 02 December 2010

jeanfinneyContributor27 August 2018 09:55:50

197

Bank loans are very difficult to obtain, because the banks are very cautious.聽 But avoid quick loan sharks like the plague!

scottybalotty New member

Member since 06 March 2017

scottybalottyNew member27 August 2018 11:23:30

Our interest only mortgage changes next year to repayment so we are looking at changing companits to get another interest only one. Having trouble because we are early retirees and the mortgage we want is only small. We can easily afford it but no one wants to offer a mortgage under 鈧�100,000.
Anyway trying to get answers from the company we are with is so difficult as no English speaking helpline and our french just isn't up to it.

jeanfinney Contributor

Member since 02 December 2010

jeanfinneyContributor27 August 2018 15:50:00

197

Hire a translator! And study French, obviously....You are living there now....

Evert: gestalttherapeut Member

Member since 08 April 2017

Evert: gestalttherapeutMember27 August 2018 20:44:02

Bankloan is possible till 84 years for a house. Better then in Holland.
But the French banks comes from history. Slowly by internet. A punishment system what makes problems bigger when you have financial problems.
Later more.

gaskins Member

Member since 21 December 2017

gaskinsMember27 August 2018 22:19:04

ok thanks!

Articles to help you in your expat project in France

Opening a bank account in France
Opening a bank account in France is fairly simple and straightforward. The competition between different banks is ...
Why Use a Mortgage Broker ?
* Why use a mortgage broker to organise your French Mortgage?
A Student's Guide to Clubbing in Paris
Paris is probably the worst city you can go to if you don't have friends and only a guide book for nightlife ...
Income tax in France
It's well known that France has one of the highest tax rates in the European Union, although not as high as ...
Getting around Lille
Situated in the heart of France's northeastern rail network, Lille is well-connected by rail to London, ...
Accommodation in Bordeaux
When most people think of Bordeaux, sprawling vineyards and world-class wine come to mind, but this port city on ...
Working in Bordeaux
Located in the Gironde region of southwestern France, Bordeaux is one of the country's largest cities. This ...
Getting around Bordeaux
Located along the Garonne River, Bordeaux is a dynamic and vibrant city with excellent connections to the rest of ...