Loan for purchase of furniture

Who is eligible?

Insureds who receive family benefits paid by the C.C.S.S.

Under what circumstances?

This loan is granted for purchasing essential furniture and accessories (mattress, lamp, crockery, etc.).

How much?

The maximum amount of the loan is equal to 90% of the cost incurred up to:

  • 12 months of Family Allowances,
  • and not exceeding  €5,950 on October 1, 2017

Under what terms?

for payment

The loan is paid to the shopkeeper chosen by the person concerned, once they have paid their contribution.

for repayment

In a maximum of 24 monthly instalments.

The first repayment is due during the 2nd month after the date the loan is paid.

for security

  • Wage assignment, as first priority, to be registered at the Monaco Court.
  • Loan agreement signed jointly by both spouses.

What supporting documents need to be supplied?

  • The loan application completed and signed by both spouses,
  • A quote or pro forma invoice specifying the items to be purchased,
  • Proof of the household's income and expenditure.