Borrowers military officials can benefit from a credit surrender transaction.
Here is a complete presentation of this offer for the military.
Military: redeem its credits
Credit redemption is a banking operation that aims to collect several loans in one with the aim of reducing the amount of monthly payments. Specifically, the remaining capital due is repaid to each lender and the total amount due is carried forward to a new credit agreement. The repayment period is lengthened, which allows to lighten the amount of the new single deadline. This operation is available to public service borrowers, including members of the military. They can benefit from two offers: the grouping of mortgage loan or consumption. Good to know: an amount can be added to fund a new need (optional).
Purchase of military loans: the criteria
Consolidation of credits, regardless of the status of the applicant, is subject to standards from credit institutions. The borrower must justify a stable situation and income to obtain an agreement. The military status (technical, combatant or administrative function) is reassuring for lenders because these profiles have job security and income stability. In terms of supply, here are the modalities currently proposed:
- Profession: Military
- Amount: from € 1,500 of loans to be repurchased, no maximum
- Repayment period: from 12 months to 420 months
- Nature of credit: real estate or consumption
- New project (optional): yes
- Insurance: optional
Regarding the military contract, some contracts may be considered as fixed-term contracts, in particular mission contracts with a duration of 5 to 8 years. It is therefore necessary to specify the type of military contract during the feasibility study of the loan consolidation file.
Military profiles: a unique expertise
Whether you are a military tenant, company housing or owner of your property, Credit provider has expert analysts able to offer tailored financing offers. Military status requires special attention and the utmost respect for confidentiality. The online simulation provides a free first feasibility notice and a first estimate of future reduced monthly payments. Just complete the form and validate it, the answer is fast.