Financing up to 100%
With Crédits Conseils, you can get a loan of CHF 5'000.- to CHF 250'000.- to finance your project.
Flexible maturity adapted to your project/budget
Credits Conseils offers an adapted loan maturity with up to 60 monthly installments.
Best interest rates on the market
Crédits Conseils offers the best interest rates on the market adapted to your situation.
Fixed rates throughout the duration of your credit.
Fast reply
Crédits Conseils strives to provide you a fast reply upon receiving all your documents.
Security throughout the repayment
With Crédits Conseils, benefit from an insurance plan that covers job loss and death as part of each monthly installment.
Pay less in taxes
Enjoy fiscal advantages by deducting the interest on your loan from your taxable income.
Client-friendly approach
With Crédits Conseils you can pay back the totality of your loan at any moment and all non-incurred interest will be refunded.
Direct credit
Your loan is paid directly into your bank account.
No administrative fees
At Crédits Conseils, we don't charge any administration fees up until the signing of your contract. Your monthly installments are clear and include everything.
No title retention clause
With Crédits Conseils, there is no title retention clause. Your monthly installments are clear and include everything. The financed object belongs to you in its entirety.
French mortgage loans for those employed in Switzerland :
1. What are the steps to acquire real estate in France?
2. Who is eligible for a mortgage loan?
3. What documents are needed to obtain a loan?
4. How is a mortgage loan structured?
4. How is a mortgage loan structured?
Price of the property:
The total sum as agreed upon by yourself and the seller.
Capital sum:
Your own funds covering at least 10% of the price of the property. This sum can come out of your personal savings if it is for a secondary residence. For a primary residence, the sum can be withdrawn from your retirement fund LPP as well as your 3rd pillar funds. These 3 possibilities can be combined.
Be prepared to cover additional costs such as notary and agency fees, etc.
Notary fees:
Notary fees depend on the age of the property. For a property of less than 5 years, you pay a reduced fee of 2.5% on its value. For a property of more than 5 years, you pay 6.5%.
Agency fees:
Agency fees represent the commission that the real estate agency takes on the transaction. The percentage depends on the amount agreed upon by the Agency and the seller.
Preliminary contract:
The preliminary contract is the document by which the seller and buyer agree upon the price and purchase of the property. It is a binding contract between the two parties under the provision that sufficient financing will be obtained by the buyer.
Lender's privileges
To guarantee your mortgage loan from the bank there are 2 possibilities in France.
For a property that already exists, the bank can assume money lender privileges. This is an official, notarized act, and represents 0.5% of the value of the property, to be added on to the notary fees.
For a property that has yet to be constructed, the bank can take a mortgage. This is an official, notarized act, and represents 1,20% of the value of the property, to be added on to the notary fees.
Explanatory table in Euros:
New property:
| Property price: | 1'000'000.- |
| Capital sum 10% : | 100'000.- |
| Property price 90% : | 900'000.- |
| Notary fee (reduced fee 2.5% + mortgage 1.2%): | 37'000.- |
| TOTAL (not including agency fees): | 1'037'000.- |
Property of >5 years:
| Property price: | 1'000'000.- |
| Capital sum 10% : | 100'000.- |
| Property price 90% : | 900'000.- |
| Notary fee (fee 6.5% +PPD 0,5%): | 70'000.- |
| TOTAL (not including agency fees): | 1'070'000.- |
Property of <5 years:
| Property price: | 1'000'000.- |
| Capital sum 10% : | 100'000.- |
| Property price 90% : | 900'000.- |
| Reduced notary fees 2.5% +PPD 0,5%: | 30'000.- |
| TOTAL (not including agency fees): | 1'030'000.- |
Amortizing
Banking establishments require the full sum on money loaned to be amortized over a maximum duration 30 years and by the age of 80. This can be done in 2 different ways:
Direct amortizing
When amortizing directly, you repay the loaned funds directly to the bank. This means as your debt gets smaller every year, the interest you pay diminishes proportionally to the remaining debt. This method however has some disadvantages. Indeed, the gradual reduction of your debt generates a reduction in your tax deductions and an increase in the total tax you pay.
Generally we do not recommend this type of amortization.
Amortissement Indirect
With this type of amortization, instead of paying your loan directly to the bank, you pay to your linked insurance otherwise known 3rd pillar 3a. The total annual contribution is tax deductible
This insurance will be taken by the bank as a collateral over the period until the retirement. At the maturity, the total amount paid will be used to partially pay off the mortgage loan.
With this type of amortizing, you not only benefit from a tax reduction (Bank interest paid + Insurance premiums) but also from an insurance in the event of death.
It is generally recommended to opt for this type of amortizing.