Loan consolidation

Purpose
A financing solution designed to:
• consolidate existing property loans;
• consolidate your other consumer loans; and
• provide access to cash.
Micos Opportunité offers a simple, flexible option to replace all your existing loans with a single mortgage and a
single monthly payment.
Interest rate
Indexed on the 3-month Euribor.
Terms
Over half of the total loan amount to be consolidated must be property loans.
A maximum of five personal loans can be consolidated.
Up to 10% of the total loan amount can be granted as cash.
The loan amount can not exceed 80% of the value of the collateral.
The interest rate is adjustable and capped, thereby limiting any changes in monthly payments.
• Monthly payment increase is capped in line with the French inflation index (calculated by the French
statistics bureau, INSEE).
• The loan duration can be extended by a maximum of five years.
• The interest rate is fixed in the first year.
Monthly payments
Monthly payments are set for 12-month periods. At the end of each period, the payment amount is adjusted based
on changes in the reference index.
• If the index has gone down – The monthly payment remains the same, which means that the capital will
be paid off more quickly and the loan duration will be shortened.
• If the index has gone up – The monthly payment increases, but the increase is capped in line with the
French inflation index. The new payment amount will then be in effect for the following 12 months.
Based on the projected amortization schedule, any capital that is not repaid at the end of the initial term may be
repaid through an extension of the loan. The loan may be extended for a maximum of five additional years.
Micos Banca will bear the cost of any amounts in excess of this contractual framework.
Duration
10 to 30 years.
Loan amount
Minimum €25,000, no maximum.
Guarantee
First rank security on the property pledged as collateral, or a guarantee provided by SACCEF, a specialised company.

Borrowers benefit from a ten days cooling-off period before accepting the mortgage offer, according to Articles L.312-1 to L. 312-6 of the French Consumer Code.

This information is indicative only and does not form part of any contract.