While interest rates are on the rise, BforBank has decided to review its commercial offer in terms of mortgage loans. In the meantime, it suspends its current offer.
Times are more difficult for pretenders to real estate loans! Inflation indeed forces banks to raise their rates, and this for all durations. Faced with this, some banks prefer to take a step back, like BforBank.
On its site, the 100% online bank of the Crdit Agricole Group indicates that BforBank wishes to propose an evolution of its mortgage loan offer. The time to finalize this next service, we decided to suspend the marketing of our offer current. This decision obviously has no impact on your mortgage or your current financing requests.
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Patience for new customers
Do not panic, therefore, if you have already taken out a loan with BforBank. For their part, new customers will have to wait, or turn to another establishment. By carrying out a simulation on April 8 on the BforBank site, MoneyVox had noted that a couple earning 4,500 euros per month between them, with a contribution of 50,000 euros, could not borrow 200,000 euros over 20 years without the APR of the loan (2, 50%) does not exceed the wear rate (fixed at 2.40% until June 30 for loans of 20 years and over).
Real estate credit: higher rate increases in online banks?
On the other hand, the same simulation carried out on a loan application over 7 years and over 10 years showed an APR of 1.98% and 2.09% respectively, well below the rate of wear fixed for loans of a duration of less than 10 years (2.51%). Contacted, BforBank has not yet responded to our requests.
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