LOAN FUNDING
Realize your projects at the best rate !
Support for each step of your real estate, your Consumption and of your Business project by specialized, available and dedicated advisers !
KGK BANK offers you mortgages that adapt to your needs. The calculation of your long-term financing project is calculated by our advisers during the study of your file. Loans begin at age 16. Our advisors will advise you on the duration that will be best suited to your project, however it is up to you to choose the duration of your loan according to your monthly capital. You can adjust your monthly payments at any time, depending on the evolution of your income, that is to say that you can increase the capital for your maturities if your income is growing. Our goal is to protect your future and that of your loved ones.
Our bank provides you with a legal assistant who is responsible for informing you about borrower insurance.
Why choose our Borrower Insurance?
Loan insurance generally referred to as borrower insurance is a guarantee requested by lenders when applying for a loan. Although it is not a legal obligation, it is required in almost all cases. This insurance makes it possible to cover the risks of non-payment whatever their causes, which explains why it is thus required. It includes guarantees covering the risks of incapacity, invalidity and even loss of employment.
The subscription of a loan requires a financing plan which presents the expenses and the receipts. Loans are often repaid over a long period.
Borrower insurance covers your liability as a borrower, but also the bank in the event of a dispute. The purpose of our borrower insurance is to help you find a solution in the event of a dispute. If it turns out that your income is in full decline, our advisers work with you to find solutions in order to manage you towards new businesses, or for the creation of a new business project, for example in the event that you would lose your job, they work with you on the loan that the bank allocated to you by leading you towards a business project, in order to be able to finance your real estate project. Our bank works with you to make all your projects achievable.
Guarantees
The basic guarantee is the Death Guarantee (DC) : in the event of the death of the borrower, the insurance will pay the outstanding capital linked to the loan. In addition, there is also the Total and Irreversible Loss of Autonomy (PTIA) : 3rd category disability requiring the assistance of a third person to perform acts of daily living.
The other guarantees are Total Work Incapacity (ITT) and Total Permanent Disability (IPT). The borrower is considered to be in a state of ITT if he is unable to exercise his profession and if he does not carry out any other remunerative activity.
Please note that some contracts consider the inability to practice any profession, and allow the insurer to more easily challenge the coverage. Finally, even if after stabilization of his condition following an accident or illness, the borrower is in a state of disability greater than or equal to 66%, the borrower is considered to be in IPT that’s to say in Interpersonal therapy.
The borrower can also choose a Partial Permanent Disability guarantee option, similar to the IPT but with a degree of disability between 33% and 66%.
If a couple plans to borrow, they can choose the part (quota) of insurance to allocate to each person.
Several combinations are possible, for example depending on the income of each borrower.