Mortgage loan is the operation which allows you to finance a house

Simulate your mortgage for free with Nice bank

Simulate your mortgage for free with Nice bank

The mortgage loan or mortgage loan is the operation which allows you to finance a house, an apartment or a building of investment. It also allows you to buy land and have your new home built.

Whether you are a professional or an individual, the mortgage loan engages your future! Whether it is a first good or not, the stakes remain high. Investments are substantial and numerous stakeholders: notary, seller, real estate agent, entrepreneur, etc.

The mortgage is a crucial step in choosing a property, which is why a professional and personalized approach is essential.

Our experience, in close collaboration with our banking partners, ensures you the best solution whatever your profile.

Who can apply for a mortgage?

Who can apply for a mortgage?

You can apply for a mortgage if you:

  • Reside in Belgium;
  • Are at least 18 years old;
  • Receive regular income;
  • Are not on file with the Capital Lender;
  • For a project to purchase a property located in Belgium or if you already have a property in Belgium without mortgage registration.

The advantages of our Nice bank mortgage

The advantages of our Nice bank mortgage

  • Acquire real estate;
  • Choice on the amount to borrow;
  • Monthly payment according to your repayment capacity;
  • Several choices of formulas and borrowing possibilities;
  • No bad surprise thanks to our advice.
  • Benefit from an advantageous rate;
  • Choose the amount and duration of the mortgage;
  • No booking fees.  

Because, at Nice bank, we are convinced that everyone deserves a chance, our highly qualified and specialized mortgage advisers can find the solution that suits your needs. In addition, our service as a broker is completely free for you.

More about the mortgage

What is a mortgage?

What is a mortgage?

A mortgage or mortgage loan is a loan that allows you to borrow money to finance real estate or renovations.

How do I apply for a mortgage?

  1. Calculate your credit via our simulator;
  2. Submit your credit application online;
  3. Nice bank will contact you as soon as possible to finalize your request;
  4. Sign your loan contract;
  5. Finalize the administrative procedures with the notary;
  6. Enjoy your property.

How to apply for a mortgage?

  1. Apply for credit.
  2. One of our advisers will analyze with you the financial solution that meets your needs.
  3. After reflection, make your decision.

How much does a mortgage cost?

The cost of your mortgage depends on how much you want to borrow and how long you want to pay it off.

What is the Global Annual Effective Rate?

The APR (Annual Effective Annual Rate) is a percentage which represents the total cost of your loan per year, all costs included.

Do I need to take out mortgage insurance?

Life insurance is desired by banks, it is the guarantee of the total repayment of the credit in the event of death. Your loved ones will be protected and will keep the property. Otherwise, if the income cannot suffice for monthly reimbursement, the property will be sold.

Can I cancel a mortgage?

It is possible for you to terminate your credit before signing the deeds, this, within the deadlines provided by law and mentioned in the general conditions.

What will happen if I don’t pay back on time?

What will happen if I don

After three unpaid monthly payments, you will be reported to the Capital Lender. You risk not being able to take out a loan any more because banks or lending institutions are obliged to inquire with it before granting consumer credit.

Other questions to think about. Do you have equity? What is your repayment capacity? Does your home have fire insurance? What is your situation ? What is your project ? What is the total amount of the reimbursement? Have you thought about notary fees? Are you entitled to a tax benefit? Is the interest rate a fixed rate or a variable rate? What is the balance owed?

And now, it’s time to get started in real estate projects!

Cons: Debt brake equals investment brake

The debt brake lives up to its name: it slows down Germany. In times of cheap credit, we must not miss important investments in infrastructure, education and social justice. Future generations will thank us, comments Mersha Hollith from the German Federation of Trade Unions.

Anyone building a home takes out a loan. If you have a good business idea, you borrow money to invest. The loan makes company foundations as well as later profits and growth possible. Nobody would think of banning private individuals or entrepreneurs from the loan agreement with the bank and thus preventing future-oriented investments. Only politics is tightening itself in Germany itself: First, the debt rule of the Maastricht treaties was enforced in the EU. Then the German debt brake came into the Basic Law. The European fiscal pact followed a little later. But that’s not all: The German government’s new budgetary goal, which has been raised to an ideal, is called “Black Zero”.The aim is no longer to keep new debt within limits, but to generate a budget surplus.

Debt reduction at the expense of investments

debt loans

For example, an active fiscal policy that compensates for economic fluctuations and ensures stable economic growth has been effectively overridden. Deleveraging becomes a priority of fiscal policy across business cycles. Public investment in private was cut back. Result: dilapidated infrastructure, impassable bridges, underpriced living space and much more.

In order to achieve the savings target, public spending was cut, many public services fell victim to the red pencil or were privatized. Fees were raised and user charges such as truck and car tolls were introduced. In short: Germany switched from investment to economy mode with the debt brake. The debt brake became an investment brake.

 

Germany has an investment backlog in both the public and private sectors

debt loans

In order to reach the OECD average, Germany has to invest around 90 billion dollars annually. This corresponds to three percent of economic output in 2013. Public investment in private has become a victim of austerity policies, including municipal investments. According to estimates by the Astro Lending municipal panel, the total municipal investment backlog has now reached 118 billion dollars. Union and SPD have agreed in their coalition agreement that they want to reach the OECD average. However, this goal remains a long way off if you continue to stick to austerity measures, the debt brake and “black zero” and neglect investments. The problem becomes even bigger because infrastructure that is not maintained costs more in the end.

Germany today has a probably unique opportunity to remedy its weakness in investment, because the state generates large surpluses and hardly has to pay interest on loans. Politicians should seize this opportunity and act decisively. Roads and railways in need of renovation, but also schools, day-care centers and district centers could be modernized. This would create the basis for growth, jobs, competitiveness, prosperity and an intact community of tomorrow. This is reasonable, inexpensive and fair to today’s and future generations.

Contact Mersha Hollith from the German Trade Union Confederation considers the debt brake to be a dangerous illusion. Instead of ensuring more security and stability, it prevents important investments – especially in the country’s social infrastructure. The “black zero”

Missed the mark

debt loans

The German government only wants to use the good budgetary situation to pay off debts in order not to burden future generations with high debts. But it is not only debts that burden future generations. Today too little private and public investment threatens tomorrow’s prosperity and employment.

If we want to avoid the march to the fee-based state, if we want to leave future generations with not only less debt, but also an intact community, we must have a broad debate today about the meaningfulness of investments and savings efforts. Neither is an end in itself. Both goals must be in an appropriate relationship to each other in the interest of current and future generations. So far, important investments have gotten under the wheel.Now we have to take advantage of the economic tailwind and switch from economy mode to investment mode again – despite the debt brake and the “black zero”.

Complaints and complaints about cash loans

However, the Financial Ombudsman has doubts about reliability in the way financial institutions count the number of complaints. It is for this that the Polish Financial Supervision Authority will be asked for help. The PFSA’s task will be to check how banks and insurance companies count the number of complaints sent by unsatisfied customers.

In August 2020, the institution of the Insurance Ombudsman was transformed into the Institution of the Financial Ombudsman. With the change, this institution gained a new scope of responsibilities – previously it only took care of the interests of clients of insurance companies, currently, it also deals with clients of banks and loan companies.

Consumers complain about bank loans

Consumers complain about bank loans

Of the 125 complaints about financial institutions, as many as 94 related to banking products, and only 31 related to products offered by loan companies. Customers mainly focused on fees related to cash loans offered by banks.

These allegations primarily concerned the lack of reliable information regarding, inter alia, total loan amount, high fees charged for individual services. Consumers also drew attention to the complicated and incomprehensible content of documents.

What’s more, customers believed that banks apply unfair rates of return for insurance in the event of early repayment. According to consumers, the amounts reimbursed in this respect were extremely low compared to the fees charged for insurance at the time the loan agreement was concluded.

Complaints at loan companies and banks

Complaints at loan companies and banks

In the report, the Financial Ombudsman published data on complaints submitted by clients during the reporting period, i.e. between October 11, 2020, and December 31, 2020. They show that in this period 5300 complaints were received by loan companies, of which as many as 73.5 percents. concerned two quick loan companies.

Province Loan took the infamous first place in terms of accepted complaints – 2259 complaints, which constituted 42.5 percent. loans, while 1649 (31%) were received by City Loan. South Loan is the record holder among banks in terms of accepted claims. The bank has accepted as many as 42,474 complaints, over 35,000 were received by Mobile Bank, and only 28,000 by ABC.

Temporary financial problems

Temporary financial problems

The report also reads that banks are reluctant to enter into settlements with clients who have temporary financial problems, as well as those whose financial situation has deteriorated. As the Financial Ombudsman informs, the phenomenon of misselling in the loan industry is also noticeable.

This phenomenon consists in activities leading to the sale of products to customers, the use of which does not coincide with their needs. According to the Financial Ombudsman, some companies, therefore, offer products that are not adapted to the financial capabilities of their clients. In order to clarify this situation, the Financial Ombudsman started cooperation with UOKIK.

Cash loan under private banking

Private banking in Poland has no rigid framework (read the number of liquid assets) that separates the average client from the one that requires a more professional and comprehensive approach.

Individual banks set the entrance border to this zone themselves

business loan

For example, Cheap bank addresses the offer to people whose assets exceed the level of 500,000. USD or USD 2 million, in the case of Wealth Management (or the equivalent of this amount in another currency). At PBB Bank, the amount of assets starts from 600,000. 

Private banking is a personalized and comprehensive service for a wealthy customer, primarily in the field of finance. But not only, because as part of the services provided and long-term cooperation, there are also issues related to customer support in investing, e.g. in real estate or philanthropic activities. A customer using private banking has a dedicated specialist at his disposal.

Cash loan for key customers

Cash loan

Among the extensive range of investment products, private banking customers can use standard tools to manage their capital, i.e. personal accounts, credit cards or cash loans. However, due to the individual approach, this cash loan is granted on much more flexible terms and is tailored to investment plans and customer consumption goals depending on the period they fall into (it can be short, medium or long term).

What’s more, such a loan is able to meet very specific and non-standard requirements. What can a wealthy customer count on when applying for a loan at his bank? The loan amount usually starts from 150,000. USD (for comparison, this is how much a standard customer can borrow).

The maximum amounts available are USD 1-2 million

payday loan

The road to obtaining financing is considerably simplified, and when assessing creditworthiness, it is mainly the number of assets (e.g. real estate) that counts. Both the loan amount, as well as the interest or commission rates, are negotiable.