As much to say it clearly: the banks adore the customers with a nice personal contribution. Some even require that it be at least equal to 10% of the value of the property. “We can go up to lend 100% of the value of the property, but 10% contribution to self-finance notary fees and the financial guarantee (deposit or mortgage) are desired,” confirms Frad Loanty, head of marketing credit to individuals at LLT.
But why does this data count so much?
First, it is a positive sign sent to the lender, demonstrating that we have already spontaneously committed to a savings discipline. This is a way to prove to the bank that you are more angry than cicada. In addition, a large personal contribution makes it possible to be less indebted or to have a larger envelope of credit.
The first time you ask for a loan can be a stressful situation, especially if you are not sure how you will repay it in the future. Although people obviously resort to loans because of the need for quick money, it is always recommended that they have a plan to settle their debt in no time. Otherwise, there is a risk of falling into a spiral of over-indebtedness and bad history in the credit bureau.
Among other things, it conducts lobbying activities with the public authorities, organizes the participatory finance conference and publishes the crowdfunding barometer.
The first time you ask for a loan can be a stressful situation, especially if you are not sure how you will repay it in the future.
Note that the weight of the personal contribution can affect the rate proposed. “In general, we start getting a good discount from 20% contribution, says Este Stellar, spokesman for the broker Amel Summer . For a loan over twenty years, the difference in interest rates between a contribution of less than 5% and a 40% can sometimes reach 0.60% in favor of the second, “she says.