Company Loans (0045): National
Features Belgium 
Use
Belgian-specific company loans are defined as subtypes of infotype Loans (0045) and can be split into loans repaid by instalment and annuity repayments. In some cases capital repayment can occur at the end of the contract duration.
Instalments
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Subtype B110: |
Mortgage loan covered by a mixed life insurance |
|
Subtype B120: |
Other mortgage loan. |
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Subtype B130: |
Mortgage loan with variable interest rate - Yearly revision. |
|
Subtype B132: |
Mortgage loan with variable interest rate - Revision every 2 years. |
|
Subtype B133: |
Mortgage loan with variable interest rate - Revision every 3 years. |
|
Subtype B134: |
Mortgage loan with variable interest rate - Revision every 4 years. |
|
Subtype B135: |
Mortgage loan with variable interest rate - Revision every 5 years. |
|
Subtype B140: |
Car loan |
|
Subtype B150: |
Other loan (non mortgage) |
Annuity
|
Subtype B210: |
Mortgage loan covered by a mixed life insurance |
|
Subtype B220: |
Other mortgage loan. |
|
Subtype B230: |
Mortgage loan with variable interest rate - Yearly revision. |
|
Subtype B232: |
Mortgage loan with variable interest rate - Revision every 2 years. |
|
Subtype B233: |
Mortgage loan with variable interest rate - Revision every 3 years. |
|
Subtype B234: |
Mortgage loan with variable interest rate - Revision every 4 years. |
|
Subtype B235: |
Mortgage loan with variable interest rate - Revision every 5 years. |
|
Subtype B240: |
Car loan |
|
Subtype B250: |
Other loan (non mortgage) |
Repayment at the end of the contract duration
|
Subtype B111: |
Mortgage loan covered by a mixed life insurance - Capital repaid once at the end of loan duration. |
|
Subtype B121: |
Other mortgage loan - Capital repaid once at the end of loan duration. |
|
Subtype B141: |
Car loan - Capital repaid once at the end of loan duration. |
|
Subtype B151: |
Other loan (non mortgage) - Capital repaid once at the end of loan duration. |
Loan conditions
The reference rate must not be specified. For Belgian loans, Payroll Accounting Constants (T511K) is read by the payroll program:
Constant BLOGI : loan subtypes B110 - B111 - B210
Constant BLOOT : loan subtypes B120 - B121 - B220
Constant BLOIA : loan subtypes B130 - B230
Constant BLOIB : loan subtypes B132 - B232
Constant BLOIC : loan subtypes B133 - B233
Constant BLOID : loan subtypes B134 - B234
Constant BLOIE : loan subtypes B135 - B235
Constant BLOCF : loan subtypes B140 - B141 - B240
Constant BLOOF : loan subtypes B150 - B151 - B250
Approval Date
The reference rate has to be read for the period when the contract has been signed (two months before in case of mortgage loan with variable interest). The approval date is used as the contractual date from which the reference rate is read.