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# Zero Rate (PTZ)

Verified 01 September 2022 - Legal and Administrative Information Directorate (Prime Minister)

## PTZ: changes to resource requirements in 2023

Published on : 15 Feb 2022

The Finance Act for 2022 provides for the modification of the resource conditions for the PTZ in 2023. The total amount of resources will be examined, in particular, on the date of issue of the loan offer.

This page remains current. It will be completed when the conditions for access to the PTZ for 2023 are known.

The PTZ is an interest-free loan. It is made in addition to another loan to buy or build a home. To get it, the house must become your home (except for exceptions). Your income must not exceed a maximum amount. In general, you do not have to own your current home.

## What applies to you ?

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## Old Housing

The PTZ can be used to finance **partly** the purchase of an old dwelling (i.e. a dwelling completed for more than 5 years) with energy saving or improvement work (creation, modernisation, reclamation or development of living areas or ancillary areas).

The PTZ can also finance the simultaneous purchase of outbuildings (garage, parking space...).

Only one PTZ may be granted for the same real estate transaction.

Your future accommodation must meet the following 3 conditions:

#### 1. Housing in zone B2 or C

Your future accommodation must **be located in zone B2 or zone C**.

To know the area of your future accommodation, you can use this simulator:

Know the area of your town: A, Abis, B1, B2 or C

#### 2. Housing requiring improvement

The PTZ is to be used to partially finance the purchase of an old dwelling **and** carrying out improvement work.

This work must represent at least 25% the total cost of the operation to be financed.

This may include:

- improvement work (creation, modernisation, rehabilitation or development of living areas or ancillary areas)
- or energy-saving projects (unless funded by an eco-PTZ). The annual energy consumption of the housing must be less than 331 kWh/m². It is calculated on energy consumption for heating, hot water and cooling.

This condition may be attested by an energy assessment or DPE: titleContent indicating at least Class E after work.

This work should not begin until the PTZ is obtained.

FYI

the purchase of the old dwelling and the work can be the subject of a sale of building to be renovated (VIR) or real estate leasing . But in these cases, work can begin before the PTZ is obtained.

#### 3. Housing used as the main residence

The accommodation purchased with the PTZ must become your main residence:

- Or at the latest 1 year after its purchase or the end of the works
- Either from your retirement, which must take place no later than 6 years after purchase or completion of the work. Until you retire, you can rent the accommodation under conditions.

In order for a dwelling to be considered your principal residence, you must occupy it **at least 8 months per year**.

But a dwelling that you occupy less than 8 months per year can still be considered your principal residence, in one of the following situations:

- Case force
- Health reason
- Obligation linked to the professional activity (regular trips, accommodation...)
- Accommodation rented for your next retirement

#### Estimate your PTZ amount

To find out if your revenues allow you to get the PTZ, you can use this simulator:

Simulator - Zero Rate Loan (PTZ)

FYI

the simulator results are provided for guidance.

#### Maximum income

Your income must not exceed a maximum amount. It depends on the number of people to stay and the area of your future accommodation.

To find out where it is located, you can use this simulator:

Know the area of your town: A, Abis, B1, B2 or C

The amount of income to be taken into account shall be **total of your reference tax income and that of the other people who will live in the dwelling (when they are not attached to you fiscally).**

The tax revenues to be taken into account are those for the year N-2. For a 2022 application for TZP, these are the 2020 reference tax revenues on the 2021 tax notice.

If you have income from the foreigner, they are to be taken into account. You will be required to provide supporting documentation when applying for PTZ.

You must not have owned your principal residence in the 2 years preceding the PTZ.

However, this condition does not apply if you are in one of the following situations:

- You have either usufructor nude your main residence
- You or one of the occupants of the accommodation is disabled. You or one of the occupants of the dwelling have
*mobility card*marked*invalidity*or*disability card*2^{e}or 3^{e}category (absolute incapacity to work) or receive the Adult Disability Allowance (AAH) or the Child Disability Education Allowance (AEEH). - Your home has been rendered permanently uninhabitable by a natural or technological disaster. The application for a loan must then be completed within 2 years of the publication of the order establishing the loss.

FYI

you request transfer of your PTZ if you have a PTZ and you sell your home to buy a new one.

#### Estimate your PTZ amount

You can estimate your PTZ amount using this simulator:

Simulator - Zero Rate Loan (PTZ)

#### Calculating the maximum amount of the PTZ

This amount depends on the area of your future dwelling.

To find out where it is located, you can use this simulator:

Know the area of your town: A, Abis, B1, B2 or C

Répondez aux questions successives et les réponses s’afficheront automatiquement

#### Area B2

Your PTZ can represent up to 40% of total cost of the operation to be financed (TTC: titleContent).

But there is a limit to *total cost of the operation to be financed* included in the calculation of the PTZ.

This limit depends on the number of persons housed and the area of the dwelling.

Example :

For a couple with 2 children (or 4 occupants) who buys accommodation in zone B2, the ceiling of the *total cost of the operation* is €220,000.

- If
*total cost of the operation*is €150 000, less than €220,000, then the maximum amount of the PTZ is €150 000 x 40% = €60,000 - If
*total cost of the operation*is equal to or greater than €220,000, then the maximum amount of the PTZ is €220,000 x 40% = €88,000

#### Area C

Your PTZ can represent up to 40% of total cost of the operation to be financed (TTC: titleContent)

But there is a limit to *total cost of the operation to be financed* included in the calculation of the PTZ.

This limit depends on the number of persons housed and the area of the dwelling.

Example :

For a couple with 2 children (or 4 occupants) who buys accommodation in zone B2, the ceiling of the *total cost of the operation* is: €200 000.

- If
*total cost of the operation*is €150 000, less than €200 000, then the maximum amount of the PTZ is €150 000 x 40% = €60,000 - If
*total cost of the operation*is equal to or greater than €200 000, then the maximum amount of the PTZ is €200 000 x 40% = €80 000

The PTZ: titleContent is a government-assisted loan. You must repay the amount lent to you, but **you don't have to pay interest or interlocking interests**, or any fees for applications or expertise.

The payback period of the PTZ depends on the following:

- Your revenue
- Total cost of the operation to be financed
- Number of people who will live in your future home
- Area where you buy your future home

The higher your income, the shorter the loan term.

It extends from 20 to 25 years depending on the case, and includes 2 periods:

- The deferral period, during which you do not repay the OTP (depending on your income, this period is 5, 10 or 15 years)
- The loan repayment period, which follows the deferral, varies between 10 and 15 years

Only financial institutions that have signed an agreement with the state (for example, a bank) may grant a PTZ.

Each institution freely assesses your ability to repay a loan (called your *solvency*) and your guarantees.

The hotel does not have to give you the PTZ.

You must request the PTZ **in addition to at least one other loan**.

It may be one of the following loans:

- Social Accession Loan (SIP)
- Agreed Loan
- "Classic" bank loan
- Home Savings Loan
- Additional loan (including Housing Action)

## New or building housing

The PTZ can finance **partly** :

- Either the purchase of a new dwelling, that is to say a dwelling completed for less than 5 years, in view of its 1
^{re}occupation - Either the purchase of a dwelling for its 1
^{re}occupancy after completion of work to produce or deliver new housing - Either the construction of a dwelling, with or without the cost of buying rights to build or the land to build
- Transform an existing premises into a dwelling

The PTZ can also be used for the construction or simultaneous purchase of outbuildings (garage, parking space...).

But only one PTZ can be granted for the same real estate transaction.

FYI

the PTZ may be granted under joint real lease or lease-purchase agreement .

The accommodation purchased with the PTZ must become your main residence:

- Or at the latest 1 year after its purchase or the end of the works
- Either from your retirement, which must take place no later than 6 years after purchase or completion of the work. Until you retire, you can rent the accommodation under conditions.

In order for a dwelling to be considered your principal residence, you must occupy it **at least 8 months per year**.

But a dwelling that you occupy less than 8 months per year can still be considered your principal residence, in one of the following situations:

- Case force
- Health reason
- Obligation linked to the professional activity (regular trips, accommodation...)
- Accommodation rented for your next retirement

#### Estimate your PTZ amount

To find out if your revenues allow you to get the PTZ, you can use this simulator:

Simulator - Zero Rate Loan (PTZ)

FYI

the simulator results are provided for guidance.

#### Maximum income

Your income must not exceed a maximum amount. This amount depends on the number of people to stay and the area of your future dwelling.

A simulator allows you to know the area where it is located:

Know the area of your town: A, Abis, B1, B2 or C

The amount of income to be taken into account shall be **total of your reference tax income and that of the other people who will live in the dwelling (when they are not attached to you fiscally).**

The tax revenues to be taken into account are those for the year N-2. For a 2022 application for TZP, these are the 2020 reference tax revenues on the 2021 tax notice.

If you have income from the foreigner, they are to be taken into account. You will be required to provide supporting documentation when applying for PTZ.

You must not have owned your principal residence in the 2 years preceding the PTZ.

However, this condition does not apply if you are in one of the following situations:

- You have either usufructor nude your main residence
- You or one of the occupants of the accommodation is disabled. You or one of the occupants of the dwelling have
*mobility card*marked*invalidity*or*disability card*2^{e}or 3^{e}category (absolute incapacity to work) or receive the Adult Disability Allowance (AAH) or the Child Disability Education Allowance (AEEH). - Your home has been rendered permanently uninhabitable by a natural or technological disaster. The application for a loan must then be completed within 2 years of the publication of the order establishing the loss.

FYI

you request transfer of your PTZ if you have a PTZ and you sell your home to buy a new one.

#### Estimate your PTZ amount

You can estimate your PTZ amount using this simulator:

Simulator - Zero Rate Loan (PTZ)

#### Calculating the maximum amount of the PTZ

This amount depends on the area of your future dwelling.

To know the area of your future accommodation, you can use this simulator:

Know the area of your town: A, Abis, B1, B2 or C

Répondez aux questions successives et les réponses s’afficheront automatiquement

#### In zone A and A bis

Your PTZ can represent up to 40% of total cost of the operation to be financed (TTC: titleContent).

But there is a limit to *total cost of the operation to be financed* included in the calculation of the PTZ.

This limit depends on the number of persons housed and the area of the dwelling.

Example :

For a couple with 2 children (or 4 occupants) who buys a new accommodation in zone A, the ceiling of the *total cost of the operation* is €300 000.

- If
*total cost of the operation*is €150 000, which is less than €300 000, then the maximum amount of the PTZ is €150 000 x 40% = €60,000 - If
*transaction cost*is equal to or greater than €300 000, then the maximum amount of the PTZ is €300 000 x 40% =€120 000

#### In box B1

Your PTZ can represent up to 40% of total cost of the operation to be financed (TTC: titleContent).

*total cost of the operation to be financed* included in the calculation of the PTZ.

This limit depends on the number of persons housed and the area of the dwelling.

Example :

For a couple with 2 children (or 4 occupants) who buys a new accommodation in zone B1, the ceiling of the *total cost of the operation* is: €270 000.

- If
*total cost of the operation*is €150 000, which is less than €270 000, then the maximum amount of the PTZ is €150 000 x 40% = €60,000 - If
*transaction cost*is equal to or greater than €270 000, then the maximum amount of the PTZ is €270 000 x 40% = €108,000

#### Area B2

The amount of PTZ that can be awarded to you can be up to 20% of total cost of the operation to be financed (TTC: titleContent).

*total cost of the operation to be financed* included in the calculation of the PTZ.

This limit depends on the number of persons housed and the area of the dwelling.

Example :

For a couple with 2 children (or 4 occupants) who buys accommodation in area B2, the ceiling of the* total cost of the operation* is €220,000.

- If
*total cost of the operation*is €150 000, which is less than €220,000, then the maximum amount of the PTZ is €150 000 x 20% = €30,000 - If
*total cost of the operation*is equal to or greater than this amount, so the maximum amount of the PTZ is €220,000 x 20% =€44,000

#### Area C

The amount of PTZ that can be awarded to you can be up to 20% of total cost of the operation to be financed (TTC: titleContent).

*total cost of the operation to be financed* included in the calculation of the PTZ.

This limit depends on the number of persons housed and the area of the dwelling.

Example :

For a couple with 2 children (or 4 occupants) who buys accommodation in zone C, the ceiling of the *total cost of the operation* is €200 000.

- If
*total cost of the operation*is €150 000, which is less than €200 000, then the maximum amount of the PTZ is €150 000 x 20% = €30,000 - If
*total cost of the operation*is equal to or greater than this amount, so the maximum amount of the PTZ is €200 000 x 20% =€40,000

The PTZ: titleContent is a government-assisted loan. You must repay the amount lent to you, but **you don't have to pay interest or interlocking interests**, or any fees for applications or expertise.

The payback period of the PTZ depends on the following:

- Your revenue
- Total cost of the operation to be financed
- Number of people who will live in your future home
- Area where you buy your future home

The higher your income, the shorter the loan term.

It extends from 20 to 25 years depending on the case, and includes 2 periods:

- The deferral period, during which you do not repay the OTP (depending on your income, this period is 5, 10 or 15 years)
- The loan repayment period, which follows the deferral, varies between 10 and 15 years

Only financial institutions that have signed an agreement with the state (for example, a bank) may grant a PTZ.

Each institution freely assesses your ability to repay a loan (called your *solvency*) and your guarantees.

The hotel does not have to give you the PTZ.

You must request the PTZ **in addition to at least one other loan**.

It may be one of the following loans:

- Social Accession Loan (SIP)
- Agreed Loan
- "Classic" bank loan
- Home Savings Loan
- Additional loan (including Housing Action)

## Social housing

You can buy the social housing that you live in. conditions.

The PTZ can be granted to partially finance the purchase of this dwelling, with or without work.

The PTZ can also finance the simultaneous purchase of outbuildings (garage, parking space...).

Only one PTZ may be granted per real estate transaction.

FYI

it is possible to buy a vacant social housing, without being a tenant of social housing, under conditions .

The accommodation purchased with the PTZ must become your main residence:

- Or at the latest 1 year after its purchase or the end of the works
- Either from your retirement, which must take place no later than 6 years after purchase or completion of the work. Until you retire, you can rent the accommodation under conditions.

In order for a dwelling to be considered your principal residence, you must occupy it **at least 8 months per year**.

But a dwelling that you occupy less than 8 months per year can still be considered your principal residence, in one of the following situations:

- Case force
- Health reason
- Obligation linked to the professional activity (regular trips, accommodation...)
- Accommodation rented for your next retirement

#### Estimate your PTZ amount

To find out if your revenues allow you to get the PTZ, you can use this simulator:

Simulator - Zero Rate Loan (PTZ)

FYI

the simulator results are provided for guidance.

#### Maximum income

Your income must not exceed a maximum amount. This amount depends on the number of people to stay and the area of your future dwelling.

A simulator allows you to know the area where it is located:

Know the area of your town: A, Abis, B1, B2 or C

The amount of income to be taken into account shall be **total of your reference tax income and that of the other people who will live in the dwelling (when they are not attached to you fiscally).**

The tax revenues to be taken into account are those for the year N-2. For a 2022 application for TZP, these are the 2020 reference tax revenues on the 2021 tax notice.

If you have income from the foreigner, they are to be taken into account. You will be required to provide supporting documentation when applying for PTZ.

#### Estimate your PTZ amount

You can estimate your PTZ amount using this simulator:

Simulator - Zero Rate Loan (PTZ)

#### Calculating the maximum amount of the PTZ

This amount depends on the area of your future dwelling.

To know the area of your future accommodation, you can use this simulator:

Know the area of your town: A, Abis, B1, B2 or C

Répondez aux questions successives et les réponses s’afficheront automatiquement

#### In zone A and A bis

Your PTZ can represent up to 10% of total cost of the operation to be financed (TTC: titleContent).

*total cost of the operation to be financed* included in the calculation of the PTZ.

This limit depends on the number of persons housed and the area of the dwelling.

Example :

For a couple with 2 children (or 4 occupants) who buys a new accommodation in zone A, the ceiling of the *total cost of the operation* is €300 000.

- If
*total cost of the operation*is €150 000, which is less than €300 000, then the maximum amount of the PTZ is €150 000 x 10% = €15 000 - If
*transaction cost*is equal to or greater than €300 000, then the maximum amount of the PTZ is €300 000 x 10% = €30,000

#### In box B1

Your PTZ can represent up to 10% of total cost of the operation to be financed (TTC: titleContent).

*total cost of the operation to be financed* included in the calculation of the PTZ.

This limit depends on the number of persons housed and the area of the dwelling.

Example :

For a couple with 2 children (or 4 occupants) who buys a new accommodation in zone B1, the ceiling of the *total cost of the operation* is: €270 000.

- If
*total cost of the operation*is €150 000, which is less than €270 000, then the maximum amount of the PTZ is €150 000 x 10% = €15 000 - If
*transaction cost*is equal to or greater than €270 000, then the maximum amount of the PTZ is €270 000 x 10% = €27,000

#### Area B2

The amount of PTZ that can be awarded to you can be up to 10% of total cost of the operation to be financed (TTC: titleContent).

*total cost of the operation to be financed* included in the calculation of the PTZ.

This limit depends on the number of persons housed and the area of the dwelling.

Example :

For a couple with 2 children (or 4 occupants) who buys accommodation in area B2, the ceiling of the* total cost of the operation* is €220,000.

- If
*total cost of the operation*is €150 000, which is less than €220,000, then the maximum amount of the PTZ is €150 000 x 10% = €15 000 - If
*total cost of the operation*is equal to or greater than this amount, so the maximum amount of the PTZ is €220,000 x 10% = €22,000

#### Area C

The amount of PTZ that can be awarded to you can be up to 10% of total cost of the operation to be financed (TTC: titleContent).

*total cost of the operation to be financed* included in the calculation of the PTZ.

This limit depends on the number of persons housed and the area of the dwelling.

Example :

For a couple with 2 children (or 4 occupants) who buys accommodation in zone C, the ceiling of the *total cost of the operation* is €200 000.

- If
*total cost of the operation*is €150 000, which is less than €200 000, then the maximum amount of the PTZ is €150 000 x 10% = €15 000 - If
*total cost of the operation*is equal to or greater than this amount, so the maximum amount of the PTZ is €200 000 x 10% = €20,000

The PTZ: titleContent is a government-assisted loan. You must repay the amount lent to you, but **you don't have to pay interest or interlocking interests**, or any fees for applications or expertise.

The payback period of the PTZ depends on the following:

- Your revenue
- Total cost of the operation to be financed
- Number of people who will live in your future home
- Area where you buy your future home

The higher your income, the shorter the loan term.

It extends from 20 to 25 years depending on the case, and includes 2 periods:

- The deferral period, during which you do not repay the OTP (depending on your income, this period is 5, 10 or 15 years)
- The loan repayment period, which follows the deferral, varies between 10 and 15 years

Only financial institutions that have signed an agreement with the state (for example, a bank) may grant a PTZ.

Each institution freely assesses your ability to repay a loan (called your *solvency*) and your guarantees.

The hotel does not have to give you the PTZ.

You must request the PTZ **in addition to at least one other loan**.

It may be one of the following loans:

- Social Accession Loan (SIP)
- Agreed Loan
- "Classic" bank loan
- Home Savings Loan
- Additional loan (including Housing Action)

## Who can help me?

Find who can answer your questions in your region

- Construction and Housing Code: Articles L31-10-2 to L31-10-5Loan Terms
- Construction and Housing Code: Item D31-10-2 to D31-10-5Loan Terms
- Construction and Housing Code: Articles L31-10-6 to L31-10-7Maintenance of loan
- Construction and Housing Code: Item D31-10-6 and D31-10-7Maintenance of loan
- Construction and Housing Code: Item L31-10-8 to L31-10-10Loan Amount
- Construction and Housing Code: Items D31-10-8 to D31-10-10Loan amount (transaction amount and applicable rate)
- Construction and Housing Code: Article D31-10-11Loan duration
- General tax code: Articles 256 to 257aDefinition of a new building after completion of works (2° of the I of Article 257)
- Order of 30 December 2010 on the conditions for the application of provisions concerning non-interest-bearing loans made to finance first-time home ownershipTerms
- Order of 30 September 2014 concerning the classification of communes by zone applicable to certain housing aidsTo know the area of the town
- Decree of 30 December 2014 on the geographical scope of non-interest-bearing loans granted to finance first-accession operations of the former under working conditionsTo know the municipalities where you can benefit from a PTZ in the old with working conditions

- Simulator - Zero Rate Loan (PTZ)
Simulator

- Know the area of your town: A, Abis, B1, B2 or C
Simulator

- PTZ: statement on honour (personal situation)
Document template

- Attestation of the amount and terms of repayment of the loan (to be attached to PTZ's application)
Document template

- PTZ: certificate of non-issuance of a non-interest-bearing loan by another credit institution participating in the financing plan
Document template

- PTZ: declaration on the hosting honour (borrower hosted)
Document template

- Certificate of Honour on the Resources of the Borrower Attached to a Tax Home or its Parents (to be attached to PTZ's request)
Document template

- Joint Honour of Custody (to be attached to PTZ's request)
Document template

- Statement of Business Activity or Business Activity in Housing Funded by a Non-Interest-Bearing Loan (to be attached to PTZ application)
Document template

- Certificate of Commencement of Work of a Former Housing (to be attached to the request of PTZ)
Document template

- VIR or lodging: Seller's attestation (to be attached to PTZ's request)
Document template

- VIR or lodging: buyer's attestation (to be included with PTZ's application)
Document template

- Buy your accommodation with the PTZMinistry of Housing
- The zero rate loan, how does it work?Ministry of Economy
- Solid Real LeasePublic Finance Branch
- Sale of building to renovate (VIR)National Housing Information Agency (Anil)
- Act No. 84-595 of July 12, 1984 on the letting of propertyLegifrance
- Zero rate loan for the purchase or construction of a homeNational Housing Information Agency (Anil)