The employer loan can help you finance your acquisition or your work in the main residence. It is a low-rate loan that can help you close the real estate financing. Find out how to get a business loan, what are the conditions of access and characteristics?
Why apply for a business loan?
The employer’s loan can help you finance your acquisition or your work by a credit complementary to the main mortgage of the bank, this at a rate well below that practiced on the market.
To do this, you must contact your collector organization to find out what are the conditions for obtaining the mortgage real estate employer its amount and rate. The agency is free to allocate its aid to the rental sector by renting at preferential prices or mortgage loans whose rates are about 1.5%.
It should be noted that the amount of the employer contribution is limited and fixed annually. This means that if his annual contribution is spent, he will no longer be able to offer an employer real estate loan.
Who can benefit from an employer loan?
It should be known that all companies with at least ten employees, not under the agricultural regime, must pay a 0.45% share of the payroll as part of the construction 1953, this tax amounted to 1% of the payroll, which is why it bears this name). So all the employees of these companies can benefit from the advantages related to the 1% (in our case the help with the mortgage); but, the employer must respect an order of priority between its employees, according to the wages and the family situation of each one.
This benefit is not related to the employment contract so leaving the company does not result in the loss of the real estate business credit.
Characteristics of the employer loan
The employer loan can have a duration that varies from 5 to 15 years. Its rate is 1.5%, to which must be added the fees and insurance, such as a conventional home loan.
The 1% can not be your main home mortgage and the housing that it finances must become, if it is not today, your main residence that is to say that you must live there at least eight months a year in order to benefit from it for your mortgage.