CAF loan: the possibilities within the reach of borrowers
One of the peculiarities of a large part of CAF loans is that they make it possible to obtain loans at a zero interest rate and that for the equipment of housing including the purchase of furniture, household appliances. , home office devices; to amortize the costs of the birth of a child (furniture, childcare equipment), to finance the acquisition of specific furniture equipment for a disabled person, study costs or the purchase of a car.
Among the main loans, we find the equipment loan which allows the acquisition of household appliances useful at home. Similar to a consumer loan, this type of loan can only be used to finance two devices that cost around € 800 each. To benefit from it, purchases must be as a basic necessity and not as a convenience. This is particularly the case for the washing machine, the dishwasher, the stove or the wood stove. In a large part of the cases, the beneficiary of the CAF loan will have to establish a preliminary estimate in a store. It is from this document that your CAF will be able to pay for your purchase.
Home improvement loan
If you instead want to finance renovation, insulation or improvement work, you can opt for a home improvement loan that covers 80% of expenses as long as they do not exceed 1000 €. The loan application is made in particular from a form found online. The latter must be accompanied by the detailed estimate of the work and the town planning authorization in the event that the work to be planned requires the authorization of the town hall. Unlike the other loans mentioned above, the latter is increased at 1% each month. As the budget for this type of loan is limited, means test may be taken into account in the decision to grant the loan.
This loan is mainly intended for households experiencing temporary financial difficulties. The funds released will mainly be used to prevent the situation from worsening. Also, they can be allocated to repairing the car, filling an overdraft, paying your bills or paying your rents late. All this so that you can continue to go to work, to heat yourself, to live with dignity and to have housing despite the difficulties you face.
In the event of illness, accident, separation or even divorce, loans are available at the Family Allowance Fund online to enable households to cope with the situation. Its amount and terms can vary greatly depending on the department where you are. It should be noted that this type of loan does not allow you to repay fines, family debts or even taxes. The loan application must not be made for a reason that can be taken care of by another device. This is particularly the case with rent which can be financed by the housing solidarity fund.
Understand the CAF loan in a few words
Whether it is for the purchase of new equipment or to face financial difficulties, the CAF loan allows you to have access to financing according to your projects. Intended for low-income families, these loans granted by the family allowance fund come in different forms according to household needs. The funds obtained make it possible in particular to buy furniture, acquire a vehicle or even reimburse your debts. The terms of granting and the amounts obtained vary according to the CAF office where you are located as it is a departmental action policy. In this article, we give you more details about the different types of CAF loan.