JC Loan offers a convertible rate mortgage “cape + 1”. A loan whose rate may fall and whose ceiling rate is secure.

## JC Loan Proposes a Winning Formula for the Borrower

JC Loan is proposing a revised CAPE +1 Coupon Rate at 2.65% over 20 years. This variable rate “TOTALLY secure” is capped at the starting rate (2,65%) + 1 point is a maximum rate of 3.65% and is variable WITHOUT LIMIT to the decline.

This variable rate is indexed on the 3-month Euribor (quarterly revision), and has a fixed-rate option at any time during the term of the loan (the bank will apply the rate in effect at time T). The risk for the borrower is non-existent since the ceiling rate is set by contract at the outset, and can not be exceeded under any circumstances, regardless of changes in the reference rate.

Take the example of € 100,000 borrowed over 20 years, the calculation excluding insurance is:

– Fixed rate at 3.15%: 240 monthly payments of € 562.14, for a total interest cost of € 34,913.60

– Capped rate + 1, assuming 2.65% over 5 years, then 3.05% up to 10 years, and 3.65% (ceiling rate) beyond, the total cost of interest is 33 597.20 € therefore cheaper than the fixed rate over the same period (monthly payments 537.24 then 552.48, then 568.45 €).

This product allows to finance all types of real estate projects: acquisition of new or old, construction, sale in the future state of completion, works, land alone, intended for the main or secondary housing, a rental investment, a mixed use (private and professional), a tourist residence.

## An offer on attractive terms

For periods less than or equal to 20 years, customers can opt for a constant monthly payment or a constant duration. This option is taken initially, it is irreversible. Beyond 20 years, up to a maximum of 25 years, the constant duration option is the rule. The customer has the opportunity to choose the day of collection of the monthly payment.

Thanks to the extension of the deadline, the customer has the possibility to postpone the payment of a monthly payment once a year, without any expenses, with a maximum of 12 times during the duration of the credit.

This loan is flexible after the 6th month following the totality of the disbursement, at the initiative of the customer, and without any cost:

– Upwards in the limit of 100% of the previous monthly payment and this every year

– Downwards within the limit of a 1-year extension for initial periods of – 7 years and 2 years for durations beyond.