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Everything you always wanted to know about France - from France |
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France - Make your dream come true.
MONTHLY LOAN REPAYMENTS ('Remboursements mensuelles') This calculator will help you estimate the monthly repayments which you can expect to pay for the size of loan you are contemplating. Our calculator is designed to allow you to make an estimate of this cost. The actual figure you pay may well vary slightly from our estimate due to variations in the type of loan and calculation method used by your Bank. You should therefore confirm this figure with the Bank before committing to the loan and the purchase. The major factors to consider when considering your loan are: 1. The amount of the loan. Our experience shows that French banks rarely lend over 80% of the purchase price. 2. The period of the loan. In France the usual period of repayment is 15 years. Other periods are howover available. 3. The interest rate charged by the bank. In France it is common to have an interest rate fixed for the entire period of repayment of the loan. These loans have a higher interest rate (perhaps 0.75% higher) than variable rate loans, which are also common 4. Life Insurance. This is compulsory and is usually quoted as an additional percentage (perhaps 0.4%). This should be added to the quoted interest rate before using our calculator. 5. Set up costs ('Frais du Dossier'). These represent a small fixed cost taken by the bank to set up the loan. These are very negotiable. Remember to ask about these when you meet your banker to discuss the loan. Other Useful CalculatorsCapital Gains tax Calculator, EEC Resident Capital Gains Tax Calculator, French Resident Capital Gains tax Calculator, Non EEC Resident Notaire's Fees and taxes Calculator Calculator of Accommodation Cost Comparisons There are over 2,000 features and articles on this site about French life and living in France. Do browse through our website and please use the advertising links, they help pay for the site. I do try to reply to all mail - Contact Me - most is about property or living in France. I publish comments in this newsletter which I believe are of interest and may help find answers for people wanting to come to France. I hope readers will go to the adverts which help support our overheads. |
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