Loan at zero rate of interest (PTZ)

LOAN AT ZERO RATE OF INTEREST (PTZ):

Only those persons who did not own their principal place of residence during the course of the two previous years preceding the application may  benefit from a loan at a rate of zero per cent.

The new procedures are applicable to all the PTZs granted between 15 January, 2009 and  31 December, 2009, and only to these.

1. Maximum income for entitlement to benefit from a PTZ

2. Amount of loan at a rate of zero per cent

The maximum amount that can be granted for a PTZ is the lowest of the following two ceilings:

 For a newbuild dwelling

->   30% of the amount of the operation

->   100% of the other loans

For an old dwelling

->    20% of the amount of the operation

->  50% of the other loans

The amount of the PTZ is also capped according to various criteria, such as the number of people with taxable status, the geographical area and whether the dwelling newbuild or not.  Please find out the correct information!

3. METHODS OF REIMBURSEMENT

Reimbursements are defined on the basis of income, geographical region and whether the dwelling is new or not. Please find out the correct information!

4. INCREASED LOAN AT ZERO RATE


The amount of the PTZ is increased by 50% in Sensitive Urban Areas (Zones Urbaines Sensibles) and Free Urban Areas (Zones Franches Urbaines).


The amount granted as a zero rate loan may be increased by a maximum amount of 15,000 euros for transactions involving social accession to a property or a newbuild assisted by the territorial local authorities.