A system for reviewing loan refusals
At the end of 2023, in response to the fall in property lending, the French High Council for Financial Stability (HCSF) floated the idea of allowing loan applications that had been rejected by the banks to be re-examined. Since February, this has been possible, at the initiative of the French Banking Federation (FBF), whether the loan is for the purchase of a primary residence, a second home or a rental investment. However, a number of criteria must be met: the project must still be in progress at the time of the request for review, the people benefiting must already be customers of the bank concerned and they must not have had any banking incidents. In addition, the household's debt ratio must not exceed 35%, one of the criteria set by the HCSF for granting loans. Note that this review is temporary, as it will apply until the end of the year.
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