Unforeseen financial flows?
You have 4 options to control the course of your loan *.
Monthly repayement amount revision
Principle:
At your request, CGMER adjusts your monthly payments upwards or downwards.
Advantages:
Your repayments area adjusted inline with changes in your income.
Partial loan repayement
Principle:
You make a one-off payment, CGMER readjusts the term of your loan and maintains your initial repayment amount or maintains the initial term and reduces your monthly payments.
Advantages:
You reduce the total cost of your loan.
Defered term*
Principle:
You want to take a break in your repayments, CGMER can defer the payment of a monthly term to the end of the contract.
Advantages:
You can face an unforeseen event.
Change in the standing order date
Principle:
With a simple phone call, CGMER changes the date of the standing order for your monthly repayment.
Advantages:
You adjust the date of the standing order to coincide with the arrival of money in your account.
*Subject to acceptance by CGMER and at the rate applicable on the date of request.
Example:
Loan as at january 22th, 2006 - Purchase of a new boat
Loan amount
10 000 euros
36 monthly payments of 303.07 Euros
(without optional insurance)
Total cost of loan: 1010.52 euros - Fixed APR : 5.90%
File fees amount are 1 % of the amount of the loan and are included in the first payment.