French Consumer Code
In forceEuropean standardised pre-contractual consumer credit information
"A loan commits you and must be repaid. Check your ability to repay before committing yourself. "
1. Identity and contact details of the lender/credit intermediary
Lender Address Telephone number (*) Email address (*) Fax number (*) Internet address (*) | [Identity] [Geographical address to be used by the borrower] | Where applicable Credit intermediary | [Identity] |
Address | Email address (*) |
Telephone number Telephone number (*) Fax number (*) Internet address (*) | [Identity] [Geographical address to be used by the borrower] |
2. Description of the main characteristics of the credit
TYPE OF CREDIT | |
|---|---|
Total amount of credit This is the ceiling or the total amount of sums made available under the credit agreement . credit agreement [indicate whether this is the cap or the total] | |
The terms on which the funds will be made available This is how and when you will get the money. | |
The term of the credit agreement | The instalments and, where applicable, the order in which the maturities will be assigned | You will be required to pay the following: [The amount, number and frequency of instalments the borrower must pay] Interest and/or charges will be due as follows: |
The total amount you will have to pay This is the amount of capital borrowed plus interest and any charges relating to your credit. | [The sum of the total amount of credit and the total cost of credit] |
If where applicable The credit is granted in the form of a payment period for a good or service or is linked to the supply of specific good(s) or service(s) : Name of good/service Cash price | |
In the case of a lease with purchase option The purpose of the contract is to lease: Description of the property concerned The final sale price at the end of the lease is: | |
Where applicable Security required This is a description of the security you are required to provide in relation to the credit agreement. | [Type of security] |
If applicable Repayments do not result in immediate capital amortisation. |
3. Cost of credit
The borrowing rate or, where applicable, the different lending rates that apply to the credit agreement | [Indicate the rate expressed in % : Specify the nature of the rate: fixed or variable (with the index or reference rate applicable to the initial borrowing rate) or revisable Specify the periods, conditions and procedures for adjusting the borrowing rate or each rate if there are several borrowing rates. Where the rate is revisable, state the period of validity of the rate (or: rate in force on..) and the frequency of rate changes (or information to the effect that the rate will/may be changed during the term of the contract by decision of the lender]. |
Annual percentage rate of charge (APR) This is the total cost expressed as an annual percentage of the total amount of credit. The APR allows you to compare different offers. | [Expressed as a %. Give here a representative example that mentions all the assumptions used to calculate the rate] |
Is it compulsory, in order to obtain the credit itself or in accordance with the commercial clauses and conditions, to take out: | |
-insurance linked to the credit? | Yes/no; [if yes, specify the type of insurance, and add the following: You may take out equivalent insurance with the insurer of your choice.] |
-another ancillary service? If the costs of these services are not known to the lender, they are not included in the APR Where insurance is offered or required by the lender, cost of this insurance expressed using a costed example in annual effective rate of insurance, in total amount due in euro and per month based on the highest monthly contribution. | Yes/no ; [if yes, specify type of ancillary service] |
Amount of charges relating to the performance of the credit agreement | |
Where applicable Amount of charges for maintaining one (or more) account(s) if this (these) account(s) is (are) required for the purposes of the provision of funds or the payment of credit instalments | |
Where applicable The amount of the charges for the maintenance of the account(s). Where applicable Amount of charges relating to the use of a specific means of payment (e.g. a credit card) | |
If applicable Amount of any other charges relating to the credit agreement | |
Where applicable Conditions under which the above credit agreement charges may be amended | |
Where applicable Obligation to pay notary fees | |
Fees in the event of borrower default Unpaid debts could have serious consequences for you and prevent you from obtaining new credit. | You will have to pay [.. (applicable interest rate and, if applicable, default charges)] if you default. |
4. Other important legal aspects
Right of withdrawal You have a period of fourteen calendar days to withdraw from your commitment to the credit agreement. | Yes (If applicable) Where the credit agreement is an affected credit, withdrawal from the credit agreement between the first and fourteenth days terminates the contract of sale or provision of services. When, in the case of an assigned credit agreement, you request immediate delivery of the goods or provision of the services, your right of withdrawal from the credit agreement ends on the day of delivery of the goods or provision of the services (which may not be less than three days or more than fourteen days). Exercising this right only terminates your main sales contract within the first three days. After that, you are obliged to purchase the goods or services. |
Early repayment You have the right to make full or partial early repayment of the credit at any time. | |
If applicable The lender is entitled to compensation in the event of early repayment. | [Reminder of the cases in which repayment indemnity may be required and the method of calculating the indemnity in accordance with articles L. 312-34 and L. 312-73 du code de la consommation] |
As part of the procedure for granting credit, the creditor must consult the national file of personal credit repayment incidents. | |
Right to a draft credit agreement You have the right to obtain a copy of the draft credit agreement free of charge on request. This does not apply if, at the time of the request, the creditor is not prepared to enter into the credit agreement with you. | |
The period during which the creditor is bound by the pre-contractual information | This information is valid from.. to... |
[Any additional information the lender wishes to give the consumer is provided in a separate document which may be attached to this form] | |
5. Where applicable, additional information in the case of distance selling of financial services within the meaning of Article L. 222-1 of the Consumer Code
A) Information relating to the lender | |
|---|---|
Where appropriate if applicable | |
The lender's representative in the Member State in which you reside | [Identity] |
Address Telephone number (*) Email address (*) Fax number Fax number (*) Internet address (*) | [Geographical address to be used by the borrower] |
Registration | [The commercial register in which the lender is registered and its registration number or equivalent means of identification in that register] |
The supervisory authority | [The contact details of the authorities responsible for supervising the activity subject to authorisation] |
b) Information relating to the credit agreement | |
Exercising the right of withdrawal | [Practical instructions for exercising the right of withdrawal indicating, inter alia, the period during which this right may be exercised, the address to which notification must be sent by the borrower and the consequences of not exercising this rightexercise of this right] |
The legislation on which the creditor relies to establish relations with you prior to the conclusion of the credit agreement | Clause concerning the legislation applicable to the credit agreement and/ or the jurisdiction in which the creditor is authorised to act to the credit agreement and/or the competent jurisdiction | [Mention the relevant clause here] |
Language regime | The contractual information and conditions will be provided in [language]. With your consent, we intend to communicate in [language/languages] during the term of the credit agreement. |
c) Information on the right of appeal | |
Existence of out-of-court complaint and appeal procedures and access to them and redress procedures and how to access them | [Whether or not there are out-of-court complaint and redress procedures available to the consumer who is a party to the distance contract and, if such procedures exist, the arrangements for accessing them] |
(*) Information followed by this sign is optional for the creditor. "Where applicable": where this is indicated, the creditor must fill in the box if the information is relevant to the credit or delete the relevant information or the entire line if the information is not relevant to the type of credit being considered. [Indications in square brackets]: these explanations are intended for the creditor and must be replaced by the corresponding information. | |
