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  • 2007/12/10
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Paris, 10 December 2007


The loan term is up to 30 years, with flexible repayment options and special advantages for economically active young people. Borrowers receive a 50 per cent discount on the origination fee and special death/disability insurance cover.

The new loan is also covered by LCL's dual promise: applicants receive an answer within two days and the loan offer within two weeks. Failing this, the bank will refund €200. In addition, repayment can be modulated and monthly payments postponed at no extra cost*.

Another attractive feature is the mutual loan guarantee, offered by LCL through its partner-insurers at special rates, which exempts the borrower from the mortgage guarantee requirement.

Until 31 December 2007, borrowers who take out a home loan and subscribe to the mutual guarantee system at the same time will receive three months' free home insurance.

One in three borrowers taking out a home loan with LCL in 2006 was under 36. LCL is offering a home loan tailored to the needs of young working people under 36. The special offer is intended to help first-time buyers or people wanting to acquire a second home.

About LCL
LCL joined the Crédit Agricole S.A. group in 2003. Its nationwide retail banking network now focuses on individual, professional and small business customers in France. LCL has 6 million customers, 2,000 branches and 24,000 employees.

*Detailed terms and conditions available at www.lcl.fr

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