The Banque Populaire and Caisse d’Épargne group supports many families every year in their home ownership projects. In addition to a classic mortgage, these two banking networks are authorized to offer you a loan at zero interest, without any interest. You can reduce the total cost of your loan substantially! What are the conditions of the PTZ within the BPCE group? The complete point with the ferrets.
What is a zero rate loan?
The PTZ , or Zero Rate Loan , is an advantageous device intended to facilitate home ownership. This envelope makes it possible to finance part of the acquisition of a main residence without interest , in addition to a traditional mortgage. It is intended primarily for the most modest households.
- The interest-free loan can represent up to 40% of the total cost of the operation, depending on household income;
- The repayment period of the loan cannot exceed 25 years . This provides some flexibility to borrowers to repay the granted amount;
- Depending on the household’s resources, it is possible to defer the reimbursement of the PTZ by 5, 10 or 15 years;
- The PTZ can be used for the acquisition of old real estate in zones B2 and C. In this case, the improvement or energy saving works must represent at least 25% of the total cost of the building. operation ;
- The loan can also be used for the purchase of a new property .
The PTZ is a regulated loan. Only establishments contracted with the State are authorized to offer this type of product in the context of real estate financing.
Who is the BPCE group?
The BPCE banking group is one of the main players in the banking sector in France. Since 2009, it has brought together the Banque Populaire and Caisse d’Épargne brands , as well as their specialized subsidiaries. Present in more than 40 countries, the international banking group has as of December 31, 2022:
- 35 million customers;
- 9 million members;
- 100,000 employees.
BPCE offers a wide range of financial services to individuals, professionals, companies, but also to institutions. It is distinguished by its cooperative banking model , emphasizing proximity and a relationship of trust with its customers. BPCE is committed to responsible and sustainable initiatives, particularly in terms of financing social, environmental and solidarity projects.
Eligibility conditions for the PTZ at the BPCE group
Banque Populaire and Caisse d’Épargne are among the banks authorized to offer PTZ to their customers. These two networks have signed an agreement with the State. As this is a loan regulated at national level, the eligibility conditions are identical to Caisse d’Épargne and Banque Populaire . They revolve around three main axes:
- You must not have owned your main residence during the two years preceding your zero-rate loan application;
- You agree, after obtaining the loan, to occupy the financed property for a minimum period of 6 years ;
- Your household must respect a ceiling of resources . The amount taken into account is that of your reference tax income for year N-2. For example, a PTZ request in 2023 will be based on your 2021 income, declared in 2022.
The resource limit depends on both the number of people in your household and the geographical area of the property. Here is a summary of the conditions applicable in 2023:
| Number of occupants of the dwelling | 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 BPCE?
The amount of a zero rate loan is determined by a number of factors such as:
- The total cost of the operation;
- The composition of the borrowing household;
- The geographical area;
- The characteristics of the accommodation.
The amount borrowed can vary significantly from one file to another. You will find below, as an indication, the maximum amount of the PTZ according to the area of residence and the number of people in your household:
| 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 BPCE?
Several solutions are available to you to obtain a zero-interest loan from one of the banks of the BPCE group:
- Are you already a Banque Populaire or Caisse d’Épargne customer ? You can ask your advisor for a telephone or physical meeting;
- Not a customer yet? You can go to one of the branches to ask to meet with an advisor, contact them by phone or arrange an appointment from the website.
The advisor will study your mortgage application with the PTZ to examine the possibility of submitting an offer to you. As in the case of a classic mortgage , the bank is not obliged to give you a positive response.
Simulate your future PTZ with lesferets
You don’t know if your real estate project is eligible for a zero-rate loan? This lesfurets PTZ simulator allows you to very quickly check the amount to which you could claim. Fill in the characteristics of the accommodation to be financed, indicate the amount of your income and then let yourself be guided to obtain an initial evaluation in a few seconds!
