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Loan first installation

Who is eligible?

Insureds:

  • who receive family benefits, or are likely to receive them in the future,
  • aged at least 18 and at most 35,
  • whose household income are greater than €3,640 on October 1, 2022

Under what circumstances?

This loan is granted for the purchase of furniture, household appliances or linen.

How much?

The maximum loan amount is €2,752 on October 1, 2022

Under what terms?

for payment

The loan is paid to the shopkeeper.

for repayment

In a maximum of 36 monthly instalments.

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

for security

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

Loan contract signed jointly by both spouses.

What supporting documents need to be supplied?

  • The family record book,
  • A quote or pro forma invoice specifying the items to be purchased,
  • Proof of the household's income and expenditure.