The zero-interest loan (PTZ) is a French government aid designed to facilitate the purchase of a first main residence. Without interest or file fees, this scheme supports households with modest and average incomes in their real estate project.
Eligibility conditions
To benefit from the PTZ, several conditions must be met:
- Be a first-time buyer, meaning purchasing your first main residence or not having owned your main residence in the last two years.
- The acquired property must be new or old with improvement works representing 25% of the total cost of the operation.
- The household's resources must not exceed a ceiling, which varies according to the geographic area and the composition of the household.
Amount and duration
The amount of the PTZ depends on the cost of the operation, the location of the property, and the composition of the household. It can finance up to 40% of the purchase of a new home in certain areas. For an old home, this percentage may vary.
The repayment period also varies depending on the resources, going up to 25 years, with a deferral period that can reach 15 years.
Advantages of the PTZ
The main advantage of the PTZ is financial. By not paying interest, borrowers can save significant amounts on the total cost of their loan. This scheme also increases borrowing capacity, making real estate purchases more accessible.
How to obtain a PTZ?
To obtain a PTZ, you must approach a bank that has signed an agreement with the state. The banking institution will verify the applicant's eligibility and calculate the amount of the loan. It is often combined with other home loans to finance the entire purchase.
