This interest-free loan, intended for modest and intermediate households, allows the acquisition of a new or old property with work. This system, which was due to end in 2022, is renewed for one year.
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Zero rate loan (PTZ): help with home ownership
To help households to become owners of their main residence, the PTZ (zero interest loan) was created in 1995. As its name suggests, it is an interest-free mortgage. It incorporates a “deferred amortization” period (varying from 5 to 15 years depending on your income) which allows charges to be reduced at the start of the operation, then a repayment phase (maximum of 25 years in total). It is always granted in addition to other loans (bank loan, home savings loan, loan agreement, etc.). If it is an old property, the work must represent 25% of the operation. And the maximum amount of this loan cannot exceed 40% of the cost of the operation.
Interest is paid by the state, but you still have to pay the borrower insurance premium.
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A demand that is running out of steam
In 2020, the total production of PTZ stood at 66,732 loans, of which 79% in new buildings, 17% in old and 3% in HLM housing, for a total loan amount of € 3.5 billion. A sharp drop of more than 28%, which is explained by the effects of the health crisis and a tightening of the granting conditions, but also by a ” less attractiveness of the product itself in the context of collapsing rates “. According to SGFGAS (Société de Gestion des Financements et de la Garantie de Access Sociale à la Accueil à la ownership), the PTZ aid rate (ratio of unpaid interest to the total transaction amount), was divided by 2 in 2020 (from 4% to 2% on average).
PTZ: resource ceilings
Depending on the family quotient of the household and the place of acquisition, an income ceiling must be respected varying between € 24,000 and € 37,000 for a share of the family coefficient.
You can easily perform a simulation on the ANIL website to estimate the loan to which you are entitled, by informing the city, your reference tax income, the number of people living in the household and the cost of the envisaged operation.
The amount of resources to be taken into account is that of year N-2. The finance law for 2020 provided for the application of the “real-time” income observation method, but this project was abandoned.
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