Social Credit: no interest, no commission
Wondering if it was possible to obtain low-interest loans? Yes, you can get. It is what they call “social credit“, ie interest-free loans with no fees (or ultra-low interest). If you are interested in the topic, read on.
What is Social Credit?:
Credits that the banks are given to people with special needs, such as single parents, separated or older people, etc. These groups can ask their bank about the social credit that will not pay any commission, but a very low interest (and sometimes a 0% interest).
The amount of social lending:
Usually tends to have a limit of 18,000 euros to return within 5 to 10 years. Some agencies require that you have contracted other products and services in parallel (to have your salary paid, life insurance, mortgage, or any other banking product).
If you want more information it is best that you get in touch with your main bank and ask questions, ask them about it.