Extended until 31 December 2023, the zero-rate loan (PTZ) makes it possible to partially finance the purchase of a new home, construction of a house (with acquisition of land) or purchase of an old home with energy savings or improvement works.
With no interest to repay and no application fees, it is granted after a needs test and reserved for first-time buyers. Better to sign before the end of the year to take advantage of the terms of PTZ 2022.
An amount of up to 40% of the total cost of the operation to be financed
A home’s eligibility for a PTZ depends on the geographical area where it is located. It also determines the loan amount, which also varies according to the composition of the household.
- For a new purchase project, the property must be located in zone A, A bis, B1, B2 or C. In zone A, A bis, B1, the amount of the PTZ that can be allocated to you can go up to 40% of the total costs of the operation to be financed (including tax). In zone B2 and C, it can go up to 20% of the total cost of the operation to be financed (including tax).
- For a project in the old with works, the property must be located in zones B2 and C. The PTZ amount can go up to 40% of the total operating expenses to be financed (including tax).
- The entire territory is eligible for PTZ as part of a lease access scheme. The loan can then amount to up to 10% of the total costs of the operation to be financed (including tax), regardless of the geographical area.
A repayment that can be deferred
The repayment period for PTZ is a maximum of 25 years. Depending on the household’s resources, repayment can be deferred for 5, 10 or 15 years.
Treatment times to consider
Given the processing times for files, you should not wait until the end of the year to file a PTZ application. Traditionally, banks accept files until October 31st, others until November 10th. “PTZ will rely on a classic loan offer, as it cannot finance an entire real estate project, emphasizes Maël Bernier, spokesperson and communications director of the loan broker Meilleurtaux. The bank will examine your income for year N-2 to see if you are eligible for PTZ (so for a request in 2022 it is those from the year 2020 that count, ed. note) etc. However, if your case is submitted on December 15, the loan offer cannot be issued until December 31. You may not be able to benefit from a PTZ in 2023 if your income has changed. With the increase in credit interest rates, if you are eligible, it is in your best interest to apply now! »
Additionally, you won’t be able to enjoy the same conditions as in 2022 if they change next year…
Means conditions that should change in 2023
The Finance Act for 2022 allowed for changes to the resource conditions for PTZ from 2023: the total amount of resources under investigation should now be the one that existed on the date of the loan offer and no longer that of the loan. year N-2.