Microlux launches, from January 2022, the Honorary Loan in order to reinforce business creators'equity at the start of a economic activity. This type of loan addresses to companies created since less then 12 months and will be granted as a complement to a usual microloan.
- The annual interest rate is 0%
- The solidarity fees are set at 3% (with a minimum of 150€ and a maximum of 500€).
- No guarantee is required
- A deferred repayment of up to 24 months
- The repayment period (deferment included) for a loan varies is up to 60 months.
- Loans can be paid back early without any fees or penalties.
Exemples of a honorary loan in addition to a microloan
|Borrowed amount||Duration||deferment included||APR||Monthly payments|
|Microloan||20 600 euros||60 months|
|Honorary loan||5 200 euros||60 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.