Loca-Pass®
Would you like some help in financing the surety for your student accommodation, or to obtain a joint surety ? Let us introduce you to the LOCA-PASS® advance and the LOCA-PASS® guarantee.
The LOCA-PASS® advance
A deposit will be due on your accommodation at the time of signing the lease. The LOCA-PASS® advance gives you the option of paying this in several instalments, at no additional cost.
Details:
a loan that is totally free of charge
- effective annual rate: 0 %
- no administrative fees
6 to 36 monthly payments to reimburse this interest-free loan,
reimbursement begins 3 months after the advance has been paid
minimum monthly payments of 15€ per month
the sum advanced must be repaid in full if the tenant leaves the accommodation before a period of 3 years has gone by.
The LOCA-PASS® guarantee
With the LOCA-PASS® guarantee, it is the ’Groupement Interprofessionnel pour la Construction’ (GIC) which acts as joint surety for the payment of your rent and charges.
To benefit from the LOCA-PASS® advance or the LOCA-PASS® guarantee, you must:
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be under 30 years of age and be a state grant holder.
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be under 30 years of age and be a salaried student, on a fixed-term employment contract (or several fixed-term employment contracts) or on a contract under the training agreement for a period of at least 3 months.
