The municipal Credit offers a loan with a duration of 6 months to a year, representing 2/3 to 4/5th of the expected value of the object.
The amount of money that is given to you immediately: either in-species of up to 3,000 euros, either by bank check or by wire transfer to a higher amount.
The loan minimum is 20 euros and the average loan of 700 euros.
The interests vary from 0.3% to 0.8% per month depending on the amount loaned.
when to resume your object?
You can retrieve at any time and without penalty for your object, after repayment of the amount borrowed, plus interest, calculated pro rata for the number of months.
You can also renew your loan for a period which may not, in total, exceed 24 months, by paying only the interest.
If you want to separate yourself from the object or that you can’t pay the interest, you can request its sale.
The proceeds from its sale will be used to repay the loan and interest. If there is a profit, it is returned.
conversely, if the sale is not enough to cover the repayment, the shortfall is at the expense of the municipal Credit and nothing you will, therefore, be claimed.
what type of objects deposited?
Jewelry, watches, musical instruments, clocks, books, sculptures, toys, collections, archaeology, photographs, coins, porcelain and earthenware, tapestries, stamps, clothes and accessories collection, wines and spirits, ancient weapons, stamps… They are kept in a vault in the time of the loan.
mont-de-piété, “my aunt”
The first agency loan on a pledge, at the time called mont-de-piété, was founded in 1610 in Avignon. It enables the most needy to get loans in cash.
in The Nineteenth century, the son of Louis-Philippe, the prince de Joinville, François-Ferdinand d’orléans, would, it is said, deposited his watch in order to honour a gambling debt. Somewhat ashamed, he would have then claimed to have forgotten her aunt. Hence the expression that remained.
But since 1918, a decree transformed the mont-de-piété ” in municipal Credit, an institution soial public works self-financing.
Credit Municipal de Cannes. 7, rue des Frères Pradignac. Tel: 04.93.99.11.81. Monday to Friday 8: 30am to 12pm and from 13: 15 to 16: 30.
Credit Municipal de Nice. 43, rue Gioffredo. Tel: 04.93.13.61.00. Monday to Friday 8: 30am to 12pm and from 13: 15 to 16: 30; Saturday 8.15 am to 12 noon.
Credit municipal de Menton. 11, avenue de Verdun. Tel: 04.93.57.90.00. From Tuesday to Friday from 8.15 am to 12pm and from 13: 15 to 16: 30.
Credit Municipal de Toulon. 15, place Vincent Raspail. Tel: 04.94.18.96.16. Monday to Friday from 8h30 to 11h45 and 13h30 to 16h15.