Do you want to reduce the cost of your real estate project? You may be entitled to the PTZ from Society Generale. This zero-rate loan is subject to eligibility conditions: the PTZ only finances the purchase of a principal residence. The borrower must respect means tests.
What is a zero rate loan?
The zero rate loan or PTZ is a regulated loan . It promotes home ownership, since it is a free loan, with no interest or administration fees.
The State regulates this system and selects the financial institutions that are entitled to offer it to their customers. Société Générale is one of them.
However, access to this funding is limited. The conditions relate to:
- Resources : the PTZ targets low-income households.
- Housing : the zero-rate loan finances the main residence and the amount depends on the project.
The conditions of eligibility of the PTZ to Society Generale
Only certain operations are eligible for the PTZ. These are :
- A building project .
- The purchase of old housing : it must be in zone B2 or C , provided that work is carried out representing at least 25% of the total cost of the operation. These are works to improve or save energy (annual consumption must not exceed 331 kWh/m²).
- A new accommodation for its 1st occupation.
- A new home for its first acquisition after work useful for its production.
- Social housing .
- A place transformed into a dwelling.
The borrower(s) must not have owned their principal residence in the past two years. They must not exceed a resource cap . The advisor takes N-2 income into account. This means that, for a PTZ request in 2023, you must justify income from 2021.
The ceilings are as follows:
| Number of people housed | Zone A bis et A | Zone B1 | Zone B2 | Zone C |
|---|---|---|---|---|
| 1 | 37 000 € | 30 000 € | 27 000 € | 24 000 € |
| 2 | 51 800 € | 42 000 € | 37 800 € | 33 800 € |
| 3 | 62 900 € | 51 000 € | 45 900 € | 40 800 € |
| 4 | 74 000 € | 60 000 € | 54 000 € | 48 000 € |
| 5 | 85 100 € | 69 000 € | 62 100 € | 55 200 € |
| 6 | 96 200 € | 78 000 € | 70 200 € | 62 400 € |
| 7 | 107 300 € | 87 000 € | 78 300 € | 69 600 € |
| from 8 | 118 400 € | 96 000 € | 86 400 € | 76 800 € |
Note that the geographical area of your future purchase is important for the ceiling of resources, but also for the amount of financing. 4 zones are defined: A and A bis; B1; B2; vs.
How much for a PTZ at Society Generale?
The interest-free loan only finances part of the project. It is associated with other loans such as a traditional loan, an approved loan, a social accession loan. The duration of the repayment of the PTZ is regulated.
Financing ceilings for your real estate project with the PTZ
The Société Générale PTZ will allow you to finance part of the overall cost of your project. This varies from 10% to 40% maximum depending on the geographical area.
For example, for a construction in zone B2, the zero rate loan covers 20% of the operation. For social housing, the rate is 10%, regardless of the zone.
The maximum amounts are as follows:
| Number of people housed | Zone A bis et A | Zone B1 | Zone B2 | Zone C |
|---|---|---|---|---|
| 1 | 150 000 € | 135 000 € | 110 000 € | 100 000 € |
| 2 | 210 000 € | 189 000 € | 154 000 € | 140 000 € |
| 3 | 255 000 € | 230 000 € | 187 000 € | 170 000 € |
| 4 | 300 000 € | 270 000 € | 220 000 € | 200 000 € |
| 5 and more | 345 000 € | 311 000 € | 253 000 € | 230 000 € |
The repayment period of the zero-rate loan to Society Generale
It is conditioned to several elements. These are :
- The number of people living in the accommodation;
- The area of the property;
- Resources (the higher they are, the shorter the duration);
- The total cost of financing.
Reimbursement is done in two stages:
- A deferred period during which the bank does not require any payment: it varies between 5, 10 or 15 years.
- A repayment period that fluctuates between 10 and 15 years.
How to get a zero rate loan from Society Generale?
As a Société Générale customer, you can make an appointment in your online space , by contacting your adviser by telephone or directly in your branch.
If you are not a Société Générale customer, you can also apply for a PTZ, especially if your bank is not approved by the State. You can make an appointment by going to an agency near your home or online. On the Society Generale website , you still have the option of being called back.
Warning : even if you meet all the eligibility conditions, the agreement for the PTZ is not systematic. Your Societe Generale adviser will study your file. He will check your debt capacity .
Simulate your future PTZ with lesferets
How can you be sure of being able to benefit from the PTZ at Société Générale? lesferets provide you with a free simulation tool. It allows you to check your eligibility for the PTZ and the amount that can be financed. You can consider your project more serenely.
