How to finance your real estate project? This is the question everyone asks when making a purchase. Have you thought about the zero rate loan from Credit Mutuel? It complements other loans while lowering the cost of credit. On the other hand, it is subject to conditions of resources, family composition or even the location of the property.
What is a zero rate loan?
The PTZ or zero rate loan is a loan regulated by the state. The request can only be made in certain financial institutions.
What are the characteristics of the zero rate loan?
It differs from other mortgages on several points:
- No application fees are applied .
- No interest must be paid : the borrower only repays the capital borrowed, nothing more.
- It must be supplemented with other loans (conventional home loan, social accession loan, approved loan , etc.): the zero-rate loan cannot finance the entire project.
Where to apply for a PTZ?
The State imposes all the conditions for accessing the zero-rate loan to financial institutions. However, not all are able to offer PTZ. Only accredited banks that have signed an agreement can grant it. Crédit Mutuel is one of them.
PTZ eligibility conditions for Crédit Mutuel
Access to the zero rate loan is limited. Initially, it only concerns people who have not owned their main residence in the 2 years preceding the application. Eligibility for the PTZ depends on resources and housing.
What are the conditions of resources to benefit from the PTZ at Crédit Mutuel?
The amount of the interest-free loan depends on resources. The adviser takes into account the income at N-2 during the request. For example, if you apply for PTZ in 2023, you must justify 2021 resources.
The resource limits 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 € |
It should be noted that the geographical area of the accommodation influences the ceilings of resources. It plays on the amount allocated under the PTZ. There are 4 areas:
- A bis, A ;
- B1 ;
- B2 ;
- C.
What housing can be financed by the Crédit Mutuel PTZ?
The zero-rate loan can finance the purchase of:
- An old dwelling;
- A construction ;
- A transformation of a room into a dwelling;
- A new accommodation for its 1st occupation;
- Housing for its 1st occupation after work useful for production;
- Social housing.
Please note : the financing of old housing by the zero-interest loan only concerns zones B2 and C. In addition, the acquisition must require work representing at least 25% of the total cost of the project . They are either:
- improvement works;
- Energy saving work: annual consumption must be less than 331 kWh/m².
How much for a PTZ at Crédit Mutuel?
The interest-free loan finances part of the purchase project. This varies between 10% and 40% depending on the accommodation.
For example :
- Old housing in zone B2: the rate is 40%.
- Construction in zone C: the rate is 20%.
- Social housing regardless of the zone: the rate is 10%.
The amounts are capped according to the area such as the number of people in the accommodation:
| 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 € |
How to obtain a zero rate loan from Crédit Mutuel?
Several solutions are available to you to request the PTZ from Crédit Mutuel . As a customer, you can:
- Contact your advisor directly via your customer area;
- Contact your agency by phone to make an appointment;
- Go to your branch .
When you are not a Crédit Mutuel customer , you can:
- Call the crystal number : 09.69.391.991 (8 a.m. to 8 p.m. Monday to Friday and 8 a.m. to 6 p.m. Saturday).
- Apply online .
- Make an appointment on the Crédit Mutuel website.
- Go to an agency .
If you are a customer of a bank that does not offer the PTZ, nothing prevents you from applying to Crédit Mutuel. This is an opportunity to compare financing offers through other loans.
Please note : Crédit Mutuel is not obliged to grant you the zero-rate loan. Your advisor will study your file. It checks your eligibility, but also your borrowing capacity , as well as your guarantees .
Simulate your future PTZ with lesferets
lesfurets provides you with a free simulation tool. It allows you to verify that you meet all the eligibility conditions for the zero-rate loan. You can contact Crédit Mutuel, then make your request to reduce your overall financing cost.
