Student loans
Finance your graduate studies with the state-guaranteed student loan and the Unif loan of Spuerkeess.
Loans and Credits
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Each person can benefit from a lump sum of direct aids in the form of a capital payment up to a total amount of EUR 35.000, known as the “capital payment pot”. A beneficiary may receive one or more of these subsidies for several successive homes. Each subsidy is calculated on the basis of the net income of the applicant’s domestic community, i.e. the combined net income of all the members of the household of the home to be purchased. Any principal assistance (including that already awarded in the past) is deducted from the total amount until the capital payment pot is exhausted. If there is more than one beneficiary, each instalment of a premium is allocated equally among them.
- Home ownership incentive of up to EUR 10.000 (+40% for a commonhold property or a terraced house and +15% for a semi-detached house)
- Renovation subsidy up to 40% of the total amount (excluding VAT) of invoices for improvement work carried out, with a minimum of EUR 500 per invoice (excluding VAT)
- Savings subsidy of up to EUR 5.000 over 10 years
- Topup Klimabonus subsidy from 10% to 100% of the initial Klimabonus amount
A state home loan guarantee can be applied to those lacking sufficient own funds. Prerequisites to benefit from the guarantee : holding a savings account at the same banking institution. This savings account must be credited with at least EUR 1.000 per year for at least 3 years prior to the application. The amount of the loan must cover at least 60% of the cost of the project.
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- the application form
- a copy of the identity document (if foreign nationality : right of residence)
- a declaration concerning the composition of the household
- a document providing proof of the household income
- a copy of the authentic deed of purchase of the property
- a mortgage loan data certificate
- a declaration of honour
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The registration tax and the recording tax are calculated as respectively 6% and 1% of the real estate purchase price. In the case of a land purchase where the home will be built subsequently, the registration and recording taxes are calculated based on the land purchase price.
If the real estate is purchased for personal use, each person is eligible to receive a tax credit on notarial deeds of €40.000, to be deducted from the registration and recording taxes owed.
For example:
If real estate is purchased for €400.000, the registration tax owed will be €28.000 (7% of €400.000). If the buyer still has an available tax credit, they need only pay €100. They will have a remaining tax credit of €12.000, applicable to a future purchase.
If a couple purchases real estate for €800.000, the registration and recording taxes owed will be:
7% of EUR 800.000 = EUR 56.000. If the two purchasers are each still entitled to the tax credit, they will only have to pay the minimum registration fee of EUR 100 and the remaining tax credit for each will be EUR 12.000 (40.000 - (56.000/2)) to be used for a next acquisition.
Tax credit on notarial deeds for investments in rental housing:
Physical persons can benefit from a tax credit to be applied on the registration and transcription fees normally payable on the purchase of a home in a future state of completion, provided the property is let for a minimum period of 2 years. This new temporary tax credit is limited to EUR 20.000 per purchaser.
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Conventional housing loan with fixed interest rate
- equal monthly instalments during the chosen fixed interest rate period,
- secures your budget by protecting you against interest rate increases,
- terms of fixed interest rates (until revision): 5, 10, 12, 15, 20, 25 or 30 years,
- maximum term of the loan: 30 years,
- the full or partial early repayment of a fixed interest rate loan without payment of an early repayment indemnity is limited to the interest rate resetting periods with 15 days’ prior written notice to be sent to Spuerkeess,
- outside the interest resetting periods, a request for a full or partial early repayment is to be sent with 15 days’ prior written notice to Spuerkeess. After you receive Spuerkeess’s prior written approval and an early repayment indemnity (breakage cost) and an early repayment fee currently equal to EUR 200 are debited from your loan account, repayment will be possible. The early repayment indemnity is calculated on the basis of the terms fixed at the signing of the loan in accordance with the legal provisions in force. Subject to fulfilling the conditions provided by law, the early repayment indemnity may thus be limited by a ceiling of six months’ interest calculated on the repaid amount. Note that the law excludes the financing of rental property from this ceiling.
Conventional housing loan with variable interest rate
- monthly instalments adjusted according to changes in the interest rate,
- maximum term of the loan: 30 years,
- early repayment possible at any time and without penalties.
Mixed housing loan with variable/fixed interest rate
By financing your investment with a loan that is part fixed interest rate and part variable interest rate, you can take advantage of the benefits of both forms of interest rates:
- flexibility of early repayment for the variable interest rate,
- stability of the monthly repayment amount for the fixed interest rate.
Flexibility Loan
The Flexibility Loan reduces your monthly repayments and gives you greater flexibility when it comes to repaying your loan. It is a flexible formula that is suitable for all ages and all life situations.
For newly-active people, the Flexibility Loan makes it easier to become a homeowner by reducing the monthly repayments at the start of the loan.
For others, the Flexibility Loan provides for degressive monthly repayments, higher during working life and lower on retirement.
Bridge loan
- interim financing solution pending the sale of real estate or the receipt of certain funds (for example, a life insurance payment),
- interest payable monthly,
- maximum loan term: normally 18 months,
- principal repayable at the final due date of the interim financing.
EcoPrêt
- simplifies the financing of your projects to improve the energy performance of your home,
- attractive interest rates,
- no mortgage registration,
- no handling fee,
- loan between EUR 5.000 and EUR 100.000,
- term of the loan: 12 to 120 months.
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The monthly Lease Plus rental amount covers all insurance costs for your vehicle and claims management.
The insurance services include:
- civil liability
- legal protection
- driver and passenger cover
- glass breakage, theft, forces of nature, collision with wild animals
- damage to vehicle (casco) with a mandatory of 2% of the vehicle
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Since no one is immune to a bad surprise, Lease Plus provides 24/7 assistance throughout Europe, whether you have an accident or your vehicle breaks down, is stolen, catches fire, is vandalised or you have a flat tyre.
We organise towing and repairs and do everything needed to ensure that you can continue on your way with complete peace of mind.
You also get a courtesy car for five days. After that, Leasys will take over thanks to its short-term vehicle fleet.
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Lease Plus is an operational leasing contract, a car rental solution for private individuals through our partner Leasys Luxembourg S.A., an expert in vehicle leasing services.
The principle is very simple: you choose the brand and model for your new car, the mileage and the lease period. With Lease Plus from Spuerkeess you receive the benefit of an all-inclusive deal, including services such as insurance, servicing, repairs, winter and summer tyres and 24/7 roadside assistance.
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With Lease Plus, from now on the only thing you’ll have to remember is to fill the tank or to charge the batteries! For everything else relating to your car, you benefit from the convenience of an all-inclusive solution:
- car depreciation;
- vehicle registration fees;
- servicing and repairs;
- a “pick up” service for vehicle servicing and repairs: when using most of our preferred suppliers, you will have the option of booking a free “pick up” service. The service provider will come to collect the car from your home address or workplace, and will bring it back once the job is done;
- 24/7 roadside assistance throughout Europe with a courtesy car provided for five days if your own car cannot be used (due to a breakdown or accident). Beyond that time, Leasys will contact you and take over to provide you with another vehicle at no extra charge until repairs are complete;
- insurance premiums: third-party liability, legal protection, driver and passenger protection, windscreen replacement, theft, natural disaster, damage caused by animals, damage to property (comprehensive insurance) with an excess of 2% of the car’s value;
- Restitution insurance covering noted damages up to EUR 500 excluding VAT;
- summer and winter tyres (assuming normal wear and tear);
- tyre change and storage;
- annual circulation tax;
- technical check of the car;
- FIRST service: a team of dedicated specialists to help you with any problem or question regarding your leasing agreement or your car. The FIRST service is available from 8 a.m. to 6 p.m. on 40 44 11 11 or via email at first@leaseplan.lu;
- agreement monitoring: the Leasys app helps you to look after your vehicle. Once logged in, you are in an environment dedicated solely to you and your leased car, meaning you can use your vehicle with complete peace of mind (downloadable from the App Store or Google Play).
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Once you have chosen the brand and model of your next car, and you have determined your mileage and lease period, make an appointment at a Spuerkeess branch of your choice or ask for an appointment online. You can also run an online simulation of your Lease Plus agreement on www.spuerkeess.lu/leaseplus.
You will have the option to change your mileage or lease period at any point while the agreement is running. If you do so, the monthly rental payments will change. A transparent rental charges table is produced at the start of the agreement, so that you can see your new payment amount at any time.
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The monthly rental for your vehicle is determined at the start of the agreement and calculated using a transparent rental charges table. The Lease Plus rental payment depends on:
- the lease period;
- the mileage rate selected;
- vehicle registration fees;
- repairs, servicing and tyres;
- vehicle circulation tax and the annual technical check;
- insurance costs (third-party liability, legal protection, driver and passenger protection, windscreen replacement, theft, natural disaster, damage caused by animals, comprehensive insurance with an excess of 2% of the car’s value if the policyholder is at fault;
- 24/7 roadside assistance everywhere in Europe.
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When you take a car under an operating lease, you are not the owner. You pay a monthly rental amount which gives you the right to use the vehicle. The monthly rental payment is comparable to a subscription where you pay a set amount per month to receive a comprehensive service. When the agreement ends, it is equally straightforward; you simply return the car without restrictions.
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Opting for Lease Plus means that you can drive a new car of your choice with no restrictions thanks to the all-inclusive service – all for a fixed monthly payment. There are many benefits to you:
- No unpleasant surprises: you pay a fixed monthly charge;
- Convenience: you always drive a new car, with all the benefits of new technology and the latest options in terms of comfort and safety;
- Peace of mind: the rental payment covers all the major costs;
- A smart choice: you avoid tying up your savings in a car that loses value as the years go by;
- Flexibility and transparency: you can change the lease period and/or mileage of your agreement at any time, as and when you need to;
- Time savings: Leasys manages all aspects of your car for you.
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- After applying for a grant at the Financial Aid Department via MyGuichet.lu, you will receive a letter of approval.
- Scan the QR code on the letter of approval or upload the letter of approval to S-Net Mobile to take out your student loan.
- Make sure you have installed the latest version of S-Net Mobile.
- Receive funds in your account in just a few clicks, without having to visit a branch.
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It depends on the type of loan:
- State-guaranteed student loan: repayment must begin at the latest 2 years after the end of your studies and be completed at the latest 10 years after the start of repayment
- Unif loan: repayment must begin at the latest 2 years after the end of your studies and be completed depending on the subscribed offer
- Personal loan: between 1 and 5 years, depending on the subscribed offer