Maximum performance and flexibility for your French mortgage repayment

With PROFIL’IMMO, GE Money Bank’s innovative Adjustable Rate Mortgage, you keep the opportunity to choose among several rates options.
Learn more about the advantages of our Adjustable Rate Mortgage!

Benefits of an Adjustable Rate Mortgage

· Benefit from a competitive initial fixed-rate.

· Know what your repayments are going to be for the next 3, 5, 7 or 10 years.

· Make the best of your loan and take advantage of the best market rate opportunities with the possibility to convert into a fixed or variable rate program, or simply decide to renew your fixed mortgage rate for another 3, 5, 7 or 10 years.

· Make profit of options to increase or decrease your monthly mortgage repayment for even more flexibility!

What is an Adjustable Rate Mortgage?

With PROFIL’IMMO, you select your initial fixed-rate period for 3, 5, 7, or 10 years.

At the end of this initial fixed-rate period, according to interest rates opportunities you may decide to:
· continue for another fixed-rate period(1) with the same duration as the initial fixed-rate period,
· convert into a conventional fixed-rate loan(2).
If you do not select one of these options, your loan becomes a monthly variable mortgage.

(1) Fixed-rate determined according to the “Swap 3, 5, 7, or 10 years against Euribor”.
(2) Fixed-rate determined according to “the current Long Term Private Sector Rate”.

What can I use PROFIL'IMMO for?

GE Money Bank’s PROFIL’IMMO can be used for:
· buying a home,
· investing in a buy-to-let (existing, off plan, house construction),
· refinancing your mortgage loan,
· or realizing home improvements.

Testimony: Adjustable Rate Mortgage

Iain and his family, Dublin/Dordogne :

“How can we combine flexibility and freedom of choice with security and value for money?

When we saw that little house in this tiny village in Dordogne, we knew we had to buy it. But we had no idea where to begin with and how to finance it. A friend of us told us about GE Money Bank and their expertise with foreign buyers. The level of professional service provided by their team and the ideal solution they proposed to us with their Adjustable Rate Mortgage, PROFIL’IMMO, encouraged us to make our dream come true. We are now the happy owners of a lovely house in Dordogne.”

Financial example of a PROFIL'IMMO mortgage

Example: For a Profil’Immo loan of €240,000, on a 25 year initial term, with a fixed-rate for the first three years, then followed by a monthly variable rate indexed to the 1-month Euribor plus the margin
(this margin is specified in your contract). Initial forecasted compound APR of 3,90%, total provisional cost of credit is €135,306.
Subject to study/analyse and acceptance by the lender : GE Money Bank – Partnership Limited by Shares with capital of €594.078.024 - Corporate Headquarters: Tour Europlaza – 20 avenue André-Prothin – 92063 Paris La Défense Cedex - FRANCE – Registered at the Nanterre Corporate and Trade Registry under # 784 393 340. If the purchase of the property is subject to a loan and this one is declined, the vendor must reimburse all payments already made by the buyer. Upon receipt of a loan offer, there is a mandatory 10 day cooling-off period for the buyer. No payment whatsoever can be required from a private individual before one or more loans are granted.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. CHANGES IN THE EXCHANGE RATE MAY INCREASE THE STERLING EQUIVALENT OF YOUR DEBT.
If Euro is not your National currency, the equivalent in your National currency of your liability under a Euro mortgage may be increased by exchange rate movements. Loans are secured by a mortgage on your property in France. Life Assurance will also be required. All Loans are Subject to Status and Valuation and are not Available to Persons Under the Age of 18. Written Quotations are Available upon Request.
(*) IMPORTANT : Financial terms and examples are calculated with a minimum deposit of 20% of the purchase price and valid as of 20/07/2010. They are subject to change without notice depending on market conditions. Total provisional costs of credit include arrangement fee, but exclude legal and notary fees, optional life insurance premiums, and introducer’s fees. In case of intervention of an introducer, his fees will be included in the total provisional costs.