A bank launches a new 0-interest loan with a very specific condition

For several months, the real estate market has been tight again. So much so that banks continue to raise credit interest rates. Thus, at the beginning of September, the new increase amounted to five points, according to Empruntis, with an average percentage of 1.90% (1.75% over 15 years, 1.90% over 20 years and 2.05% over 25 years). So if you are told about loans at 0 interest, you risk jumping at the chance. As Les Échos reveals, this is the new offer discreetly created by Crédit Agricole last spring, specifically its Île-de-France branch. A “sustainable” property loan which is mainly part of the hunt for thermal solares. Because this 0-interest loan is not for everyone. At least not for any kind of housing.

To take advantage of it, you must buy an apartment (or house) classified in energy category A, B or C. A way to commit to the social and environmental cause, as explained to Les Echos, the marketing director and digital customers of Crédit Agricole IDF, Guy Poyen: “We wanted to encourage customers who are already choosing to invest in products with low carbon emissions and low energy consumption.” However, this loan is subject to certain factors. It is limited to 10% of the applicant’s funding and within the limit of 50,000 euros. Figures explained by the average loan observed in the bank, highlights Guy Poyen together with our colleagues. It is 300,000 euros. The document proving the home’s energy class must also be attached to the sales agreement.

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Focus on sustainability

With such criteria, it is obvious that this zero-interest loan does not concern a large section of the Ile-de-France population, since, as Capital mentioned in June, Ile-de-France is the department with the most colanders. Seven municipalities appear in the ranking of the least isolated cities, including Paris (24%), Saint-Denis (22.3%) and Argenteuil (21.8%). Not to mention that the region also has the most expensive housing stock in France (Paris in the lead). In addition, a study by the Notaries of France, cited by Les Échos, reveals that only 26% of transactions in Ile-de-France were for homes classified as A, B or C.

According to information from our colleagues, between the month of April – when the loan was created – and the end of August, 524 loans of this kind were granted, while the bank does not specifically advertise its product. . The offer is still “distributed on all channels, in agencies, through the e-immo site, through partner brokers and also promoters who pass the information on to their clients”, states Crédit Agricole, which wants to promote sustainable development. This offer could be imitated. La Banque Postale told Les Echos to reflect on “transformation [son] in-depth model as well [son] product offering”.

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