Loan to non-recipients employees

Who is eligible?

Employees:

  • single people or couples without dependent children,
  • registered with the C.C.S.S. for at least 3 months on the date of the request, regardless of the nature of the type of employment contract.

Under what circumstances?

This loan is granted:

  • either for financial difficulties explained by very specific circumstances,
  • or to purchase essential household appliances and furniture,
  • or for home improvements.

How much?

The maximum loan amount is  €2,380 on October 1, 2017

Under what terms?

for payment

Depending on the type of loan, it is paid to the employee or the shopkeeper.

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?

  • Proof of the expenses incurred,
  • Where necessary, a quote or pro forma invoice specifying the items to be purchased,
  • Proof of the household's income and expenditure.