Works credit


How to find the best credit to finance work?

Works credit Renovate the apartment, redo the kitchen, transform a bedroom, install a fireplace, electricity or plumbing, there are plenty of opportunities to transform your house or apartment. In order to enlarge the house, we no longer hesitate to convert the attic or build a veranda, redo the terrace or enlarge a room.

The vast majority of work is carried out by people who own their homes: we no longer hesitate to invest in a home if we are not just a tenant. A little more than 57% of French people say they own their home. It is less than Italy or Spain with more than 70% but it is more than Germany which has only 50% of owners.

Example for a credit of 10,000 us dollars over 36 months to carry out work

To help you make the right choice, we have compared the cost of credit, that is, what you will actually pay!


Credit simulation for works
$ 10,000 over 36 months


# Etab. Mens. Cost of credit
1 $ 289.76 $ 431.36
For a loan of 10,000 us dollars, you repay 36 monthly payments of $ 289.76 (excluding insurance), for a total cost of $ 431.36.
No administration fees. APR from 2.80%.
Make your own online request at Paydaynow .
It's simple, fast, without obligation, and also suitable for mobile.
2 $ 289.76 $ 431.36
For a loan of 10,000 us dollars, you repay 36 monthly payments of $ 289.76 (excluding insurance), for a total cost of $ 431.36.
No administration fees. APR from 2.80%.
Make your own online request on Cofinoga .
It's simple, fast, without obligation, and also suitable for mobile.
3 $ 289.78 $ 432.08
For a loan of 10,000 us dollars, you repay 36 monthly payments of $ 289.78 (excluding insurance), for a total cost of $ 432.08.
No administration fees. APR from 2.80%.
Make your own online request on Oney .
It's simple, fast, without obligation, and also suitable for mobile.
4 $ 291.58 $ 496.88
For a loan of 10,000 us dollars, you repay 36 monthly payments of $ 291.58 (excluding insurance), for a total cost of $ 496.88.
No administration fees. APR from 3.17%.
Apply for yourself online at Younited credit .
It's simple, fast, without obligation, and also suitable for mobile.
5 $ 299.93 $ 797.44
For a loan of 10,000 us dollars, you repay 36 monthly payments of $ 299.93 (excluding insurance), for a total cost of $ 797.44.
No administration fees. APR from 5.13%.
Make your own online request at Paydaychampion .
It's simple, fast, without obligation, and also suitable for mobile.
6 $ 299.98 $ 799.28
For a loan of 10,000 us dollars, you repay 36 monthly payments of $ 299.98 (excluding insurance), for a total cost of $ 799.28.
No administration fees. APR from 5.18%.
Make your own online request on FLOA bank .
It's simple, fast, without obligation, and also suitable for mobile.
* Subject to acceptance by the lender - Update: 11/01/20

(*) The results and rankings presented on rkenneylaw.com are based on a selection of financial companies based on the following criteria: the APR, the duration, the amount borrowed and the purpose of the loan. All the companies presented are recognized by the entire profession and are part of the ASF (Association Française des Sociétés Financières). The rankings made on the basis of the total cost are given for information only and do not in any way constitute a contractual commitment. We urge you to carry out a simulation in all cases before applying for credit.
(**) The rates presented (fixed APR) correspond to the applicable minimum rates and are indicative. They are likely to change after the in-depth analysis of your request

Depending on the work, the amount to pay, the person who will carry it out and your budget, you can access different types of credit.

Questions to ask yourself:

  • the amount of work and the amount you need . Indeed, some subsidized financing is not possible for all loan amounts.
  • who will carry out the work , a company, a craftsman, yourself or a combination of the three. It is very likely that the lender wishes to have only one craftsman or project manager. Assisted work loans only concern work carried out by a company.
  • if your work relates to electricity or can lead to energy savings : EDF and its subsidiary can offer loan formulas.

Loans from banks or financial institutions

These are in fact personal loans for which you can benefit from quite long terms (up to 84 months). The maximum amount is US $ 75,000 but this already allows for major works to be considered. The rates are generally lower than other loans because the risk of non-payment is considered lower on this type of project.

The main advantage with the work loan is that you can finance work that you do yourself or “with your family” because you will be asked to justify only a small part of the funds. You can thus only present invoices for the purchase of materials ... A very practical option compared to other types of loans.

Where to subscribe? : You can contact the main banks and specialists: Paydaynow, Sofinco, Paydaychampion, Cofinoga, BNP Paribas, Société Générale, LCL, Crédit Agricole, Banques Populaires ...

The "works credit" of more than 75,000 us dollars

It is in fact a credit of the type "mortgage" ... The authorized durations are longer and you must justify the entire use of the funds . Besides, your bank will not send you the affected credit offer until you have sent an estimate for an amount greater than US $ 75,000.

Advantage : The rates are generally even lower than those for personal loans.
Disadvantages : The delays in obtaining funds are much longer because you benefit from a 10-day cooling-off period. Another drawback is that you must justify 100% of the use of funds (supporting invoices).

Where to subscribe? : You can contact the main banks and specialists: Paydaynow, Sofinco, BNP Paribas, Société Générale, LCL ...


Assisted or subsidized loans

The improvement and extension works loan or Housing Action (ex Pass works)

To benefit from this loan you must work in a company that employs at least 10 people. You can own or rent the accommodation where the work will be carried out, provided that this is your main residence. You must respect a resource limit according to your region and the number of people in the household. The work must be carried out by a professional and be used to:

  • home improvement (electricity, security, decoration, ...)
  • improving the energy performance of the home (insulation, reinforcements, heating, etc.)
  • expansion of the living space (minimum 14 m2 in addition)
  • carry out projects that give rights to an Anah grant.
The funded amount can be up to 10,000 us dollars (and 15,000 for energy upgrades). The repayment term can reach 15 years if the loan is 15000 us dollars).

Advantage : the rate is only 1.5%!

Disadvantage : you have to justify building a very, very administrative file. Invoices for all work must be provided down to the last penny.

Where to subscribe? : you can contact your employer's “1% housing” organization or the one closest to your home.

Home improvement loan (PAH)

The home improvement loan allows you to finance repairs or improvements to your primary residence. You can only claim this loan if you already benefit from a family benefit (such as family allowances or housing assistance, etc.). Its amount is limited to 1067.14 us dollars (!) And you can repay it over a maximum of 36 months.

Please note, the Allocation Funds cannot distribute this type of loan without limits ... They have an envelope at the beginning of the year, which runs out over the months. It is therefore in the interest of asking for this help before June!

Advantage : a very small rate at 1% ...

Disadvantages : a credit amount of 1000 us dollars that must also be justified (invoices ...). Never re-evaluated, this loan concerns only very small works. Another drawback: 50% of the loan is paid on estimate, and the rest on presentation of invoices.

Where to subscribe? : You can contact your Family Allowance Fund.


The work loan at 0% rate

The zero-rate eco-loan (eco-PTZ) makes it possible to finance the energy renovation work of housing. This loan can be granted to the owner occupying the housing or to the lessor.
Your home must have been built before 1990 and the work must mainly fall within 2 of the following projects: efficient insulation of the roof, walls facing the exterior, windows and doors facing the exterior and / or installation or replacement of '' heating or sanitary hot water production, heating using renewable energies, sanitary hot water production using renewable energies ... In addition, the work must be carried out by a company benefiting from of a quality sign Recognized Guarantor of the Environment (RGE).
The maximum loan amount is US $ 30,000 and must be repaid over a maximum of 15 years.

Advantage : no interest!

Disadvantage : the conditions for obtaining it are extremely difficult and long. In addition, once the PTZ is in place, you must not use your accommodation as a second home, or rent it seasonally, or transform it into commercial or professional premises. Avoid this solution if you are in a hurry ...

Where can you get information? : in a Renovation Info service point, the list of which can be found on the gouv.fr site, or at Domofinance.



Car credit questions

" To buy my car, is it better to borrow from a bank or from the car dealership? Are there any differences? "

For the purchase of your vehicle, we advise you to contact a credit institution or a bank: they are the ones who generally offer the best rates. This should not prevent you from doing simulations and comparing ...


A loan commits you and must be repaid.
Check your repayment capacity before you commit.

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