Simulation Loan Works: Credit Simulator Renovation

If you wish to carry out renovations or transformations in your home, we advise you to carry out a loan simulation. The simulator above gives you the opportunity to perform any type of credit simulation in order to contract a renovation credit. In addition, the rate is the same regardless of the duration and the amount you want to borrow.

Simulation loan works: instructions for use

Simulation loan works: instructions for use

As for all simulators on our website, the approach remains the same.

  1. Use the zipper to choose the amount you want to borrow
  2. Choose the duration and monthly payment by clicking on the thumbnail that interests you
  3. The result of your job ready simulation is displayed
  4. Enter your loan application online

Reminder on the renovation loan

Reminder on the renovation loan

The renovation credit with several advantages, here is a brief reminder of these:

  • A cost known in advance thanks to a simulation loan made to measure and conform to reality
  • No mortgage registration so no fees, no registration fees, no notary fees,…
  • Availability of funds within 48 hours after signature of the credit agreement
  • No release of slice, we pay the full amount to your account (excluding life insurance premium)
  • No expertise before and after works

Renovation credit: the required documents

Renovation credit: the required documents

During our appointment, we will need the following items (only for the signature of your credit agreement):

  • Copy of both sides of identity cards
  • Last 3 original payslips
  • 3 last bank statements proving the income on the different pay slips (if down payment, it is also necessary the extract of the deposit)
  • All other proof of income mentioned in the application
  • quotation

Loan Simulation Works: Tax Information

Loan Simulation Works: Tax Information

Before, it was advisable to take out a new mortgage loan when one intended to carry out work in one’s home. The mortgage loan was the ideal solution to continue to benefit from a tax reduction. Since January 1, 2016, for all the owners being free of charges, it is formally disadvised, in the Walloon Region, to subscribe a new mortgage loan for the realization of renovations. Why are you asking? Simply because the housing bonus has disappeared in Wallonia ! We invite you to read this article to learn more about this because the situation is different in the Flemish Region and the Brussels-Capital Region: mortgages: housing bonus.

In the Walloon Region, if the renovation loan is not contracted at the same time as the purchase of a house, it is no longer tax deductible.

If you still have an existing mortgage loan, we can consider the mortgage buyback.

Simulation Loan Works: Important Information

Simulation Loan Works: Important Information

You can also finance your work via a group of credit (solution to consider only if you already have several credits in progress and if the addition of a new loan is impossible)

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