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Childcare Loan

  • Who can benefit from it
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    • Insured recipients of family benefits paid by CCSS
  • In what situation
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    • CCSS has set up a specific "Childcare" loan, to allow families to access advance social security contributions for the hiring of a childminder in France.
  • What is the amount
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    • The amount of the loan is determined by the social worker according to the amount of family allowances received by the head of the family.
    • It may not exceed the total of these benefits for a period of nine months (or eighteen months for insured beneficiaries of tranche 1 of family allowances), depending on the age group of the children in the home.
  • Under what conditions
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    • Award conditions
    • Be in receipt of family benefits paid by CCSS,
    • Have previously requested a study of your right to the payment of the allocation différentielle [differential allowance] (ADI) from the CAF you are registered with in France.
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    • Payment conditions
    • The loan is paid out according to the procedures determined with the social workers of the Caisses Sociales de Monaco.
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    • Repayment conditions
    • In a maximum of eighteen monthly payments.
    • The first repayment is made during the sixth month following the date of loan disbursement.
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    • Guarantee conditions
    • Assignment of salary, in the first place, to be registered at the Court of Monaco.
    • Loan agreement signed jointly and severally by the spouses.
  • What documents do I need to provide
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      • Valid identity document or residence permit of the spouses (the five additional years of validity granted by France are not valid for the registration of the loan).
      • the most recent pay slip of the childminder, or failing that, the simulation of the charges to be paid made on the URSSAF Pajemploi website,
      • Proof of household income and expenses:
        • Last three bank account statements (joint and individual) and additional supporting documents,
        • For spouses who do not work in Monaco, the last three proofs of income.