Honorary Loan
Conditions
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 | 3 months | 5.64% | 397.42 euros |
| Honorary loan | 5 200 euros | 60 months | 24 months | 1.99% | 144.56 euros |
Book an appointment with us to talk about your business project !
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.
For more information please contact us: +352 45 68 68 76
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