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Loan to young singles

Who is eligible?

Employees:

  • who have a permanent employment contract and can prove at least 12 months service with the same employer,
  • aged under 30,
  • whose monthly income does not exceed €3,440 on October 1, 2022

Under what circumstances?

This loan can be granted:

  • to cover rental expenses (bond, advance rent),
  • to purchase household appliances and furniture.

How much?

  • On October 1, 2022, The maximum loan amount for rental expenses and purchase household appliance and furniture is €4,128.

Under what terms?

for payment

The loan is paid to the employee.

for repayment
  • rental expensesIn a maximum of 20 monthly instalments. The first repayment is due the second month after the date the loan is paid.
  • appliance costsIn a maximum of 48 monthly instalments.The first repayment is due the second month after the date the loan is paid.
for security

Wage assignment, as first priority, to be registered at the Monaco Court.

Loan agreement.

What supporting documents need to be supplied?

  • The family record book,
  • Where appropriate, a paid invoice to be produced the month after the loan has been paid,
  • Proof of the household's income and expenditure.