How to apply for a Differential Rent Allowance loan
Direction de l’Habitat
10 bis, quai Antoine 1er
MC 98013 MONACO CEDEX
Managing applications for housing benefit :
(+377) 98 98 80 08
(+377) 98 98 44 79
Fax : (+377) 98 98 20 06
Opening Hours : from 9.30am to 5.00pm from Monday to Friday
Principle and conditions
Individuals who are liable to qualify for a National Housing Aid allowance may receive a loan which is intended to help them obtain a lease , provided that their situation (after examination) proves to justify this loan.
This loan is not therefore automatically granted and must eventually be applied for before any commitment is made or any tenancy agreement is signed.
The Differential Rent Allowance loan covers the deposit, and, if necessary, the agency fee. The amount granted is calculated on the basis of rent which is payable for housing which would satisfy the normal needs of a household. It is also calculated bearing in mind the ceiling for the normal needs of a household.
The Differential Rent Allowance loan is granted at a rate of 1% per year. It can be repaid over a period of three years. The loan is repaid by reductions from the Differential Rent Allowance paid to the loan recipient. The conditions are expressed in an acknowledgement of debt which is signed when the loan is accepted.
Applying for Differential Rent Allowance
In order to receive an Differential Rent Allowance loan, you must first apply for Differential Rent Allowance .
Obtaining and completing the form
In addition to the documentary evidence concerning the property which is being leased and the financial documents to be produced for the examination of the application, a form must also be filled out:
- Download it here A.D.L. - Demande de Prêt (n° 362-0021_01-2014)
- Collect it from the Housing Department (see details above)
The form must be submitted to the Housing department, accompanied by invoices for the sums claimed which were prepared either by the lessor or their representative.
Submitting the application
This form must be submitted to the Housing Department, accompanied by an invoice for the sums claimed which was either prepared by the lessor or their representative.
- Sovereign Ordinance no. 2.717 of 20 April 2010 modifying the Sovereign Ordinance no. 14.712 of 28 December 2000 laying down implementing rules for the act no. 1.235 of 28 December 2000 pertaining to rental conditions for certain residential premises
- Ministerial Decree no. 2010-211 of 20 April 2010 establishing a loan system covering deposit and agency fees for those eligible for Differential Rent Allowance