Did you know ? It is possible to optimize the cost of a mortgage taken out with the Banque Populaire by benefiting from a zero-rate loan. The PTZ is additional financing with an interest rate of 0%, reserved for low-income households and the middle classes. How can the Banque Populaire PTZ help you access home ownership? What are its main characteristics? Below is the essential to understand everything with ferrets.
What is a zero rate loan?
The zero rate loan or PTZ is offered by the Banque Populaire but also by many other approved banking establishments. This is a device intended to promote home ownership: a borrower benefits from a PTZ in addition to a main mortgage.
The main particularity of the PTZ is the total absence of repayment interest . In other words, the borrower is only required to repay the capital, without any increase due to the calculation of interest. This 0% rate, applied to part of your project, helps reduce the overall cost of financing.
This regulated loan is characterized by great flexibility for the borrower. The latter can:
- Spread the repayment of the PTZ up to 25 years, to limit the amount of its monthly payments;
- Request an initial deferred repayment period , during which he does not reimburse anything. This delay can go up to 15 years for the most modest households;
- Buy a new or old property .
Please note, however: the conditions are slightly more restrictive in the case of old housing. You will only be eligible for the PTZ if the property is located in zone B2 or C, that is to say in a small town or in a rural area. The granting of the loan is conditional on the completion of renovation work or energy performance, at least for 25% of your financing need.
The eligibility conditions of the PTZ at the Banque Populaire
Banque Populaire has established an agreement with the State, giving it the right to offer a zero-rate loan to eligible borrowers.
This eligibility is strictly regulated. Subscribing to a mortgage with the Banque Populaire does not automatically give you the right to benefit from this system. Here are the main conditions to respect:
- Your Banque Populaire PTZ must relate to the purchase of a principal residence . It cannot be granted to you for a rental investment project , for example;
- You must not already own your main residence or have done so in the 24 months preceding your loan application;
- You will need to take out your main mortgage with the Banque Populaire ;
- Your household income must not exceed a certain ceiling, which varies according to your geographical area and the composition of your household.
The resources taken into account for the allocation of a PTZ correspond to your reference tax income two years before your loan application (N-2). If you apply for financing in 2022, the Banque Populaire will examine your reference tax income (RFR) for the year 2020, declared in 2021.
What are the applicable ceilings for a Banque Populaire PTZ? The thresholds are regulatory and identical in all banks. Here is the detail for the year 2023:
| Number of occupants of the accommodation | 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 € | 33 600 € |
| 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 € |
How much for a PTZ at the Banque Populaire?
A zero interest loan can be a significant part of a home ownership project. Its amount is likely to weigh up to 40% of the total financing , with the key to considerable savings on the interest paid.
Not all borrowers benefit from such an amount. Various criteria are taken into account by Banque Populaire, including:
- The number of people in the household;
- The geographical area of the accommodation concerned (A, Abis, B1, etc.);
- Household income.
Want to see it more clearly? Below is the maximum amount of the PTZ in 2023, depending on your situation:
| Number of occupants of the dwelling | Zone 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 € |
How to obtain a zero rate loan from the Banque Populaire?
Banque Populaire customers are free to request an appointment with their adviser at any time to discuss a real estate project, with or without PTZ. They can agree on a time slot for a telephone meeting or directly in the branch.
If you are not yet a customer, you can go to an agency to request an appointment but also use the contact form on the establishment’s website. The customer service phone number depends on your region of residence.
During the interview, the Banque Populaire adviser will be able to study the feasibility of your financing project, but also your eligibility for the zero-rate loan. As a reminder, the bank is not obliged to make you a loan offer, even if you meet the PTZ criteria!
Simulate your future PTZ with lesferets
Are you entitled to a Banque Populaire PTZ? How much would it be? To get an initial estimate, do not hesitate to test the lesfurets PTZ simulator . Our tool can take into account the main characteristics of your personal situation (geographical area, income, etc.) to determine the amount of your future zero-rate loan.
