Buying or building your home involves taking out a loan from a bank. What precautions should you take? Here is an overview with BGL BNP Paribas.

First, you need to find out about the loan options available to you if you have a stable and recurring income. You may be sent a loan agreement, which means that the estate agency will allow you to sign a sales agreement without a conditional clause.

What documents do you need to provide?

To review your case, your BGL BNP Paribas advisor will analyse your financial situation (payslips, employment contracts, current loans) and your net income before and after repayments on your future home loan. This is to avoid any risk of excessive debt. Your advisor will also go through your plans with you, which entails a review of the sales agreement, the reservation agreement, photos or illustrations of the property, copies of quotations etc.

What financing solutions are available?

We can provide a number of different financing solutions tailored to your needs, depending on your plans and your situation.

What loans at what interest rates?

BGL BNP Paribas offers several ways of repaying your home loan.

The most common option is linear repayment, in which periodic payments are made to cover repayment of both the principal and interest on the amount borrowed until the end of the loan term.
There are three types of interest rates: variable, fixed or adjustable fixed-rate.In the end, each case is unique, and your advisor will always propose a financing plan tailored to you.

For more information on your loan options with BGL BNP Paribas, call (+352) 42 42-2000 to make a commitment-free appointment with an expert advisor.