The Payday Loan simulation is made available to you free of charge so that you can determine in advance what your future credit will cost you. It is important to be able to correctly assess your budget so that this new loan does not cause you any worry of repayment.
The rate indicated when you make your Payday Loan simulation is the actual rate that will appear on your credit agreement.
- Amount: from 4,000 dollars to 75,000 dollars
- Duration: 12 months to 120 months
- Rate: from 4.95% (under certain conditions)
- Quick decision (within 24 hours, generally within one hour of processing your request)
- Availability of funds: within 48 hours of signing your credit agreement
Payday Loan simulation: instructions
- Slide the slider to choose the amount you would like to borrow
- Indicate whether you are the owner or not
- Indicate if you respect the conditions of the orange box
- Click on the thumbnail showing the monthly payment and the duration that interests you
- Browse the result showing all the details related to your future Payday Loan
- Click on the “Submit my request” button
Calculation of the debt ratio
The debt ratio is the ratio between the total expenses paid and the total income received.
Calculation: (charges / income) * 100 =…%
Income taken into account
- Monthly salary (net)
- Meal vouchers
- Disability income (mutual)
- Unemployment: max 1,100 dollars for a single person and 650 dollars for a cohabiting person
- Rental income (if lease and paid on account): weighted at 80%
Income not taken into account
- Family allowances
- Income of the SPF Social Security – Black Virgin
- Rental income paid from hand to hand
Charges taken into account
- Rental rent
- Monthly mortgage payment (if owner)
- Support payments paid (if applicable)
- Global installment loan installments and open credit lines
- New credit monthly
For family borrowers, a fictitious rental rent of 300 dollars is taken into account by borrower for the calculation of the debt ratio.
Notary fees simulator
Since April 1, 2017, it is strictly prohibited by law to finance the notary fees for the purchase of real estate through a Payday Loan.
To calculate what you will have to reimburse to finance your notary fees, follow the following link: Hypo Plus loan simulation. The Hypo Plus loan has become a mortgage loan without real estate collateral. The simulator is identical to this one except for the interest rate which is much lower. You can finance all the costs via this type of credit or simply a part if you choose to take out the mortgage 125.
Payday Loan simulation for struggling homeowners
If you are unable to take out a normal Payday Loan and provided that you are the owner, we invite you to carry out a liquidity loan simulation ( the liquidity loan is an installment loan with mortgage registration ). This type of Payday Loan simulation is suitable for the owner in difficulty.
Processing of your personal data
Your personal data is treated confidentially. We do not share our database under any circumstances. We do not sell any address. At any time, after applying for a loan online from us and provided that you have not signed a credit agreement, you can ask us to remove your personal data from our database.
It is important to know that we respect the privacy of all our customers.
No data is collected when you perform a Payday Loan simulation.