La Banque Postale: what loans and products are offered?

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La Banque Postale was created in its current form in 2006. It offers a wide range of banking services at competitive prices.

Presentation of the postal bank

The first financial services of the post office were created more than two centuries ago, but it was mainly between the 1960s and the 1980s that the post office began to develop financial products in its own right. However, it struggled to compete because of the inability to offer certain products to its customers due to its status as a public company. With some changes in legislation, the post office was able to give birth to the Postal Bank in 2006, which offers products similar to those of the competition while remaining a public institution.

The products of the postal bank

One of the main advantages of the postal bank lies in its vast distribution network, which extends over 17,000 points of contact. It is also possible to carry out a certain number of operations online, such as consulting one's balance and filling out forms to take out a loan. In addition, here are some of the products offered:

Bank cards and bank account

La Banque Postale offers low account maintenance fees since they are only one euro (although many online banks do not have account maintenance fees). Bank card fees are also lower than those of the competition. For example, the Visa Premier card costs 75 euros the first year.

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The real estate credit

The postal bank offers different terms and conditions depending on the borrower's profile. It is thus possible to take out a ordinary loan called depreciable but also a bullet loanThis is a loan for which you initially pay only the interest and then repay the principal at a certain point in time. The rates are not the lowest on the market but are reasonable.

Consumer credit

Consumer credits have a attractive interest rates and offer flexibility as it is possible to reorganize monthly payments. The file fees amount to 0.5% of the amount borrowed up to a limit of 120 euros. The postal bank offers different types of consumer loans depending on the project financed:

  • A car loan: the maximum amount to borrow is 75,000 euros over 7 years. It is possible to finance a car but also a motorcycle or a boat. The terms of the loan depend on the type of vehicle and the profile of the borrower.
  • A work loan: the amount borrowed can be up to 21500 euros and the duration of the loan is between 1 and 6 years.
  • A personal loan: this loan targets renovation work. It is possible to borrow up to 75000 euros for a repayment period of up to 12 years.

Savings and investment products

The range of savings products of the postal bank is quite complete. As far as life insurance is concerned, two types are offered, a classic life insurance (Vivaccio) and another one that can be adjusted to one's desires (Cachemire 2).

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Real estate loan and Pinel law Marseille ?

Is La Banque Postale able to offer you a real estate loan if you wish to invest in a property? You should know that if you are a first-time buyer, you can ask for a zero interest loan beforehand. You can then complete it with other loans. However, this loan is only granted to you if you buy a property to make it your main residence. It does not work if you rent your property. Nevertheless, you should know that if you invest via the Pinel law in Marseille and in other cities benefiting from this scheme, the banks will follow you much more easily. You can go through a broker who will negotiate for you the best credit rate and also the insurance of the real estate loan. As far as the Pinel law is concerned, the advantages are numerous. You can see them here

This will allow you to create an estate or prepare your retirement, while providing a housing solution to people living in areas that are in need. The tax reduction can reach 21%, or 63,000 euros maximum, if you let your property for 12 years. Of course, you will have to meet resource criteria, as will your tenants. But don't worry, because the ceilings are quite high. The rent is also regulated. In Marseille, the maximum rent is 12.95 € per square meter. This means that you can rent a 70 m² apartment for 1200 euros. The couple renting this apartment without children must have a maximum income of 57,146 euros. As you can see, it's quite large. You should find a tenant quite easily.

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