Microcredit for Employment
Looking for a loan to help you keep or find a job?
Microlux provides you with microcredits* up to EUR 10 000 for financial needs related to professional mobility and budget management support to people who do not have access to "traditionnal" bank loans.
For instance, we can finance
- A driving license or a vehicle which allows you to get to work
- Training to evolve in your current position or for a new professional opportunity
- A job-related move
*under the condition of approval by our credit comittee
Please visit the section "How does it works?"
COVID19 EXCEPTIONAL CONDITIONS : in order to help entrepreneurs in the context of economic recovery resulting from the Covid-19 pandemic crisis, from 15 June 2020 and for a period of one year
- The annuel interest rate
9%is lowered to 4%.
- The solidarity fees are set
5%at 3% (with a minumum of 150€ and a maximum of 500€).
- The repayment period for a loan is set to up 36 months.
- We ask for a third person to be guarantor for 1/3 of the loan amount.
- Loans can be paid back early without any fees or penalties.
Exemples of microcredits
|Borrowed amount||Duration||Monthly payments||APR||Total amount to be reimbursed|
|Driving license||3000 euros||24 months|
|Vehicle||6000 euros||36 months|
Warning : borrowing money also costs money. Microlux pays particular attention to situations of over-indebtedness and trains its employees to prevent any risk in this respect.