Do you need to take out a loan to carry out urgent work in your house, buy a new car or to fill a hole in your cash flow? But here you are, you are stuck at the Banque de France. In this situation, the steps are much more complicated to benefit from a loan in a traditional bank. However, rest assured, not all doors are closed to you. Indeed, in addition to loans in traditional banking establishments, there are alternative solutions. Specialized establishments, microcredit, loan between individuals FICP… Discover all the existing means to make a loan while being registered with the Banque de France.
Establishments specializing in banking prohibition
Traditional banks such as La Banque Postale, Crédit Agricole or Caisse d’Epargne refuse to lend money to people registered with the Banque de France. And on the side of online banks (Boursorama, Monabanq, Hello Bank!…), it’s not much better.
In this case, it is in your best interest to go to organizations that have positioned themselves in this niche. There are a few including the NEF. This establishment is a solidarity finance cooperative. It offers people in a situation of banking prohibition to take out a loan to maintain a professional activity or carry out work in the accommodation. However, you will have to respect certain conditions in terms of the ecological charter.
On the other hand, well-listed companies have also specialized in credit granted to Bank of France files. Among the solutions they offer, there is the repurchase of FICP credit. The principle is to reduce the monthly loan payments by increasing the repayment period.
And contrary to popular belief, you can also use a broker. Some professionals are specialized in this type of case. A broker will thus be able to direct you to organizations positioned in the niche of banking prohibition and belonging to his network.
Quick credit for small amounts
The other solution is to use mini credit or fast credit. This consumer credit represents a viable solution if you do not need a large sum. Generally, during a first request, you cannot expect more than 200 euros. On the other hand, if the repayment is made under good conditions, you can borrow a larger sum (without exceeding 1000 euros) the next time.
As its name suggests, it is a quick loan to take out. All you have to do is make an online request, provide the required supporting documents and you will get an answer within 24 hours maximum. And the reimbursement must also be rapid since it must take place within a month.
Although you are registered with the Banque de France, take care to be able to repay before taking out a mini loan.
If you need an amount of less than 3000 euros, you can absolutely turn to microcredit. The Caf offers this type of loan to people registered with the Banque de France. The amount borrowed can be used for multiple purposes such as the purchase or repair of a car, the financing of a driving license or professional training, the payment of poorly reimbursed health costs, etc.
Be careful, before taking out a loan from the Family Allowance Fund, find out about the interest rate as well as the repayment period. Generally, microcredits have an interest rate of around 4% and the repayment period varies between 6 and 36 months.
Municipal credits for bank bans
Still in the microcredit niche, you have municipal credits. Indeed, some municipalities in France have a budget dedicated to people in difficult financial situations.
As registered with the Banque de France, you can claim a municipal credit to finance work, training, driving license, etc. Make your request to the organization. Depending on the urgency of your file, its processing will take more or less time. And in case of difficulty for the assembly, get closer to a social assistance who can help you.
Ban on banking and business creation: the Adie
If you want to start a business creation while being registered with the Banque de France, you can turn to Adie. This is a credit organization that supports consumer projects by helping them financially.
Mortgage credit: stake his house
Are you registered with the Banque de France and own your home? Know that there is mortgage credit. The principle is very simple: your home is used as security when taking out a loan. The credit agency lends you money after making a mortgage on your property.
This is a security for the lending institution. On the other hand, for you, it can represent a huge risk. Before taking out this type of credit, make sure you are able to repay the monthly payments of your loan in the years to come. Otherwise, you run the risk of losing your house or apartment. So be careful before taking out the mortgage loan.
pledge credit, a solution for files at the Banque de France
Do you have valuables such as jewelry or paintings in your home? Be aware that pledged credit is a solution if you need cash, even if this recourse remains quite rare.
The operation of pawnbroking is very simple: you pledge your material goods. For this, you need to find an organization that practices this type of loan, this is where the main difficulty lies. Then you offer one or more valuables to lend you money in return.
The loan between individuals FICP
The FICP loan between individuals concerns small and large amounts. You can even have several lenders in case of a large sum.
In the context of a loan between individuals whose borrower is registered with the Banque de France, the terms remain free. You determine with your creditor the interest rate, the repayment period, etc. And be aware that the interest rate cannot exceed the usury rate, which is set by the Banque de France each quarter.
When you borrow money from an individual, it is important to formalize everything in writing via an acknowledgment of debt. This document must specify how the sum will be reimbursed and it will serve as support in the event of a dispute.
As a banking ban, it is essential to reassure the lender. Play the transparency card by making no mystery about your banking situation. And to show him that you are reliable, emphasize your commitment to honor your debts. To do this, clearly explain to him the incident that led you to be registered with the Banque de France. And tell him how you will go about repaying your loan. In all cases, it is essential to provide a good file including your bank statements for the last three months as well as a balance sheet contrasting income and expenditure.