Fees and warranty fees
When soliciting a professional loan, the bank carries out a complete study of the applicant’s file. Depending on the type of funding requested, this analysis may result in costs. Their amounts are not necessarily fixed, they may be proportional to the sum of the professional credit granted. However, banks do not charge a fee to those who see their application refused. Stamp costs must also be taken into account in the provisional calculations. They cost a few tens of euros and are affixed on each sheet of the loan agreement. This is often the case when it comes to a professional credit associated with a pledge of business funds for example. On the other hand, the stamp fees are not essential in the case where the requested credit does not require the intervention of a notary.
The interest rate: how do we fix it?
A loan is defined with an interest rate, professional credits do not escape the rule. Regardless of the type of credit and the amount borrowed, banks or financial institutions charge interest. For this, they use the nominal rate of credit. This is a basis from which interest on the loan is calculated. There is no fixed nominal rate; each bank is free to set it, unlike rate-regulated loans such as the conventional loan.
That said, banks can not lend at any rate. In general, this nominal rate corresponds to that of the market, in other words, the one at which the bank can itself borrow. The law also requires banks to remain below the rate of wear. The latter is established quarterly by the Banque de France and also appears in the Official Journal.