Taking out a loan from Belgium is an option available to the French. The question that arises is whether it is a really interesting alternative and what are the advantages that can be drawn from it. Here are some explanations and the interest of taking a personal loan in Belgium.
Taking out a loan abroad can have various advantages. This solution generally involves looking for European establishments (especially in Belgium), the objective being to obtain the most advantageous rates or to take advantage of promotions offered in other countries of the Old Continent. Nevertheless, given the competition which is rather tough, the offers are quite worth each other. On the other hand, the moment when the credit is contracted, as well as the conditions can change the situation.
Moreover, lending institutions in France offer personal loans on rather attractive terms. Foreign offers may even be less advantageous. However, there are situations in which this alternative is best. One thing is certain, interest rates can easily vary from one country to another, but this is not the only criterion to consider for a loan abroad.
The fact is that credit institutions in France are as competitive as those in Europe, including Belgium. In particular for the personal loan. From this point of view, taking out this type of credit is not necessarily profitable. Nevertheless, it can be an interesting option for people FICP (National file of Incidents of reimbursement of Credits to individuals), registered with Banque de France, or cross-border workers wishing to obtain a credit. The loan thus contracted can be used for different purposes such as the purchase of a car or a two-wheeler.
Concerning people who are classified in the category of banking prohibited, some conditions are necessary to make a personal loan in Belgium (details here https://www.pret-personnel-comparatif.com/content/pret-personnel-belgique.html ). It is necessary that they have made the necessary adjustments in relation to credit problems. Please note, in general, these are fairly high rate loans. Nevertheless, it is possible to obtain advantageous conditions when the regular resources are deposited in an account of the credit institution. In all cases, the chances of obtaining credit depend on the debt ratio which must not exceed a certain limit. It should be pointed out that it is possible to carry out simulations and even make loan requests via the Internet on the sites of Belgian banks, to name only Cofidis BE, Axa, ING, BNB Paribas Fortis, Belfius, KBC, Keytrade, HelloBank or CPH.
In the end, the rates in force in Belgium are more or less of the same level as those offered in France. Nevertheless, taking out a personal loan from Belgium has a definite advantage for people who have difficulty taking out one in France, whether because of a banking ban or for another reason.