Credit for unemployed in Belgium

Are you unemployed and have problems with money? First thing, know that you are not alone since 50,000 Belgians were in the same situation as you, at the end of 2017. The good news is that the volume of unemployed in Belgium continues to decrease.

Set up for individuals with small incomes, the social credit is an option of credit absorption and / or mortgage credit that will allow you to buy a used car, replace your boiler, finance training but also to access the property and this even with average income.

Finance your project as unemployed

Finance your project as unemployed

In today’s day and due to the fact that unemployment benefits have become degressive, an unemployed person alone no longer knows how to take out a mortgage 125 in order to acquire his place of life. Before, it was enough to end up in the social loan in the Walloon Region to be provided with a chance to benefit from an agreement for its loan application.

This time is now over. On the other hand, an unemployed person can be completely taken back as a co-borrower in a case where the principal borrower is an employee. We will obviously consider his allowances as replacement income.

The social loan has been set up to help individuals with a minimum income in their unstable financial situation. For example, if you want to furnish your emergency home, you can request the Public Center for Social Action (CPAS). You will pay a minimal interest rate (currently 2%) on a loan of up to 5 years and you receive assistance with the application process.

This is how the bank can grant you a loan by being unemployed if you have a person who is a guarantor and has no history of “bad” credit. it is recommended that this guarantor has sufficient income for his personal expenses but also to take over the credit responsibilities of the borrower if this proves necessary.

How to get a bad loan

How to get a bad loan


For receipts, they are the same as a conventional loan. You must provide the majority of the information on your identity, an unemployment certificate, the proof of residence, the various statements of energy billing documents for the last three months as well as the statements of account. The list is not complete and some banking institutions will probably require other essential parts according to your request.

Unemployment is a difficult situation to control, not only on the financial side but also morally. Whatever the reason, we will have to find a way to survive it effectively. When over-indebtedness awaits you, as you find it impossible to repay current loans and debts, you must find a solution to deal with this insolvency problem. One of the recommended solutions for the unemployed is mortgage refinancing. Although it is intended especially for people with comfortable incomes, the unemployed can achieve this under certain conditions.

Unemployed credit is therefore something that is not unthinkable. It is enough, to some extent, to believe in it but especially to gather the most advantageous elements like those quoted above so non-exhaustive, to finally see your credit unemployed attributed. The most important is to control your ability to repay and borrow only the amount you really need.

to have a credit for unemployed, it is also possible to apply to the Adie (Association for the Right to the Economic Initiative). This organization offers micro-credits, the amount of which can not exceed 3,000 USD. On the other hand, it is obligatory to motivate one’s actions and one’s project, which must be part of a CDI recovery perspective.

When you apply for credit, the lending group is forced to make an appointment with your financial income, they can be real estate. LIte Bank works with financial ferments in person credit without payroll. Your credit with sufficient property guarantee from $ 35,000. LIte Bank implements its expertise in credit management for people exempt from all payroll.

Let’s go back to the three cases of the jobseeker’s job at the end of the job, from the owner in order not to find the source of income and the recent unemployed person. The first has the most difficulty in discussing a loan because it has no guarantee. However, we must be aware that credit organizations are for-profit entities and not social associations. There is no question for them of taking risks.