Housing loan for expats

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mcimmi Active member

Member since 16 June 2017

mcimmiActive member04 May 2020 07:00:43

Hello I am an expat here with a single permit (H -EU blue card). I am thinking about applying for a PR later. I have completed 1 year in Belgium.
Is it possible to obtain a housing loan from the bank for a person with my residence status?
I was thinking of rather buying a home than paying rent.

Thanks and would appreciate responses. I tried searching the blog but couldnt find anything matching.

phipiemar VIP Member

Member since 01 May 2013

phipiemarVIP Member04 May 2020 09:55:14

4733

Hello,

Do you have a belgian bank account on which you're receiving your salary ? If yes, normally you will have no problem.

mcimmi Active member

Member since 16 June 2017

mcimmiActive member04 May 2020 10:24:26

@phipiemar, I do have a Belgian account with KBC. Now My id card is valid till 2022 currently, but I do have an unlimited employment contract.

I check with "Hypotheek Huis" in Flanders and they say since my id has validity only till 2022 I cannot get a loan. I find that odd, because thats how ID's are issued.

phipiemar VIP Member

Member since 01 May 2013

phipiemarVIP Member04 May 2020 10:48:44

4733

Here we are in a different situation. Because your first question only talked about a bank loan. Without specifying that it was a mortgage you wanted.

The legislation effectively takes into account your authorization to stay on Belgian territory.

You have to be logical in your discussion with KBC. This style of bank loan is based on an average of ten years minimum. So what bank guarantees can you give the bank to cover its costs ... In Belgium, banks are not authorized as in the USA to make loans allowing them at the slightest opportunity to seize a house and put people at the door.

If need be, negotiate with them so that they can have access to your bank account in your country of origin.

Aneesh Belgium expert

Member since 11 April 2010

AneeshBelgium expert04 May 2020 11:03:55

2000

If you have an unlimited contract, like phipiemar mentions, technically you are eligible. But banks are careful with lending to non-PR residents. They provide upto (based on evaluation of the property, etc).聽 80% of the property cost. So you must arrange for registration costs plus rest of the property price.

mcimmi Active member

Member since 16 June 2017

mcimmiActive member04 May 2020 11:09:03

Thanks guys!!

I will try to get an appointment with one of the banks direct

iosipa New member

Member since 14 April 2022

iosipaNew member14 April 2022 14:54:43

Hello,

We are running in the same issue.聽 Did KBC accepted your loan request? If not, what bank did you use?

Arun Kanojia New member

Member since 11 October 2021

Arun KanojiaNew member14 April 2022 15:04:44

@iosipa KBC, BNP Paribas, ING they do provide loans to the Non-PR Holder too with same Interest rate.

KBC gives max 90% if you are below 35 years of Age, where as mostly all will give 80%.

Some exceptions could be FINTRO Bank which can even go for 95% of the loan.

Be noted - the more amount and Tenure, the more is the interest rates.

All the best !

iosipa New member

Member since 14 April 2022

iosipaNew member15 April 2022 01:30:12

@Arun Kanojia Thank YOU!聽 ING said they do not give loans to people with a BE ID type A .聽聽We are trying KBC and BNP聽 now .

Guest958746 Guest

Guest958746Guest10 May 2022 13:15:24

#10

214245

@iosipa Hi, ING representative also said that I can't take a mortgage because my聽 wife has RP type A (I have D) and if I wouldn't be married they wouldn't have any problems with borrowing me money.

Can I ask if you received a response from other banks and if you finally managed to get a mortgage?

deebardo Member

Member since 04 February 2018

deebardoMember20 May 2022 11:10:42

#11

@iosipa hi did you manage to get a loan with an A card? Which bank? Thanks you

Kdeepak Contributor

Member since 20 April 2021

KdeepakContributor20 May 2022 12:17:39

#12

158

Worth checking with company website: hypotheek.winkel

Bel_expat Active member

Member since 18 November 2021

Bel_expatActive member20 May 2022 12:26:12

#13

I got my mortgage from Fintro. Also KBC and BNP provides for A type residency and Beobank provided 80%.

There is no legal restriction to get loan with A type but some banks don鈥檛 want to take risk of potential operational costs.

Jimsen Contributor

Member since 02 February 2021

JimsenContributor20 May 2022 19:43:14

#14

118

What鈥檚 rate of interest? Is it a fix interest loan?

Sheetal Laad New member

Member since 09 November 2022

Sheetal LaadNew member22 March 2023 21:33:05

#15

Hello, has anyone recently got loan woth type A? Can u tel which bank n branch ? Thanks a lot. I am tryint kbc , crelan n bnp.

SimCityAT Expert

Member since 08 April 2014

SimCityATExpert23 March 2023 03:18:54

#16

11411

Hello, has anyone recently got loan woth type A? Can u tel which bank n branch ? Thanks a lot. I am tryint kbc , crelan n bnp.
-@Sheetal Laad

Please read the post and go to the banks where people have been successful.

SimCityAT Expert

Member since 08 April 2014

SimCityATExpert23 March 2023 04:44:42

#17

11411

Hello, has anyone recently got loan woth type A? Can u tel which bank n branch ? Thanks a lot. I am tryint kbc , crelan n bnp.
-@Sheetal Laad

You already have your own post. Please take advise from that.

Closed

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