What is the zero rate loan?
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The zero rate loan is a loan to help home buyers. It supplements the financing of a real estate property, it is always attached to another (classic) real estate loan, and cannot be used to finance a real estate project in its entirety.  

It is aimed at first-time home buyers who are purchasing their main residence for the first time.  

Zero interest loan: what are the changes in 2020?

The novelty in 2020 concerns obtaining the loan in the old one with work in zones B2 and C.

It is possible that the seller for housing subject to a social rental-purchase loan (PSLA), carries out the work with a minimum level of energy performance bearing the label E on a scale from A to G. This minimum level corresponds to annual conventional primary energy consumption after works of less than 331 kWh / m².

In other words, the renovated housing will have to justify a DPE with a label E or better. To justify this energy performance, the borrower must provide the credit institution with an energy assessment established using a conventional calculation method.

  • Zero interest loan: who can benefit from it, for which projects?

The zero rate loan is based on three conditions:

  • The home buying area;
  • The resource ceilings (depending on the geographical area A, B1, B2 or C);
  • The size of the household.

To benefit from 0 rate loan, it is necessary :

  • Be French or have a residence permit;
  • Do not exceed the PTZ resource ceilings calculated according to the place of residence and the number of people occupying the accommodation in the long term.

The zero rate loan finances:

  •  The principal residence of the borrower, provided that he has not owned his principal residence for the two preceding years. Unless one of the occupants is:
  • Holder of a disability or incapacity card
  • Beneficiary of the disabled adults allowance or the disabled child education allowance
  • Victim of a disaster which made the accommodation permanently uninhabitable (unsuitable for its new condition).

Note that for a home to be considered a primary residence, it must be inhabited for at least eight months per year.

  •  What do zones A, B1, B2 and C correspond to?

Zone A corresponds to cities where there is much more demand than supply and where it is more difficult to find accommodation as in Paris (we will speak of a tense zone). Conversely, in zone C it is easier to become an owner as in the towns of Oise.

For more details concerning other area of residence I encourage you to come and meet us in our department.

  • What are the income limits?

There are several limits and two calculation methods including one of the calculation methods

On the tax income for year N-2 For example, if the acquisition takes place in 2020, we will use the tax notice for 2018.

Between the two calculations it will be necessary to take the highest amount of income

There is a table for income limits.

Example:

 Le Blanc Mesnil for accommodation with 5 occupants, the maximum income ceiling is € 85,100.

The conditions met to obtain the PTZ are: the Zone, the number of people occupying the accommodation and resources below the ceilings

However, if the borrower (s) exceed these income limits, they will not be able to claim them.

To go further, you will have to come and see us in the department.