Terms and conditions
the loan received.
Obtain a loan
In order to obtain a loan from Cofgroup Inter, you must meet the following conditions. It is also important to remember that the loans you take out must match your ability to service them. Only take out loans that you can repay.
* Be at least 18 years of age.
* Have a good reputation, even if this means fulfilling an obligation.
* Have a minimum monthly income of 500 €.
* A loan granted that is not repaid within the contract period will result in legal proceedings accompanied by the publication of your card identity on all channels posted in our branch. The transfer period is 48 hours maximum.
Documents to be provided
* Scanned identification documents on both sides.
* Copy of a bank statement (RIB) or postal statement (RIP).
* Last utility bill or other equivalent document that can prove your address.
* Last pay stub or other document that can prove your monthly income.
Annual percentage rate of charge between 2% and 6% depending on the amount requested and the repayment period, excluding administrative costs.
Duration of the loan.
The term of your loan may not exceed 30 years.
Start of monthly debits.
They start between 60 (2 months) and 90 (3 months) days from the day the borrower receives the total amount of his loan.
Pause in repayment or postponement of monthly installments.
To check the possibility of an extension, you can contact us by phone or through the contact form on our website. Deferment earns interest at the current interest rate, the premium for the loan collateral is calculated when it is purchased. You may request deferment of one or two payments per year to take advantage of « non-repayment ». You must make your request 7 days before the next due date. This payment suspension is granted provided that your renewable credit is unpaid or past due at the time of your request for deferment, is not covered by insurance, and has not been granted to you within two months.
Whether you purchased a renewable loan or a personal loan, you may repay all or part of the amount you still owe at any time and at no additional cost. Whether it is a temporary contract, an employment contract, an apprenticeship or even a fixed-term contract, we can help you.
Loan and insurance contract.
The borrower must sign a loan agreement and a certificate of credit insurance. This insurance covers you in the event of death, total and irreversible loss of self-employment and total disability due to illness or accident (No. 0081 FACL), and job loss due to a compensable layoff.
Disclosure APR. Some states have laws that limit the annual percentage rate (APR) a lender may charge you. APRs for cash advance loans range from 200% to 1386% and APRs for installment loans range from 6.63% to 225%. Loans from a state that does not have restrictive laws, or loans from a bank that is not subject to state laws, may have an even higher APR. The APR is the rate at which your loan accrues interest and is based on the amount, cost, and term of your loan, repayment amounts, and payment schedule. Lenders are required by law to show you the APR and the other terms of your loan before you sign a loan agreement. APRs are subject to change.