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# Zero-interest loan (PTZ or PTZ+)

Verified 21 June 2023 - Legal and Administrative Information Directorate (Prime Minister)

Want to know what a Zero Rate Loan (ZLP) is? Under what conditions is it granted, and if you can get it? We'll explain.

## What applies to you ?

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The PTZ: titleContent is a state-aided loan. You have to repay the amount you are loaned, but **you don't have to pay of interest or intercalary interest**, or application fees or expert fees. It is granted in addition to another loan, to buy or build your principal residence.

As for the conditions for granting the PTZ, everything depends on the nature of your future accommodation:

## Old housing

The PTZ is used to finance **in part** the purchase of an old dwelling (i.e. a dwelling) **completed more than 5 years**) with energy-saving or improvement works (creation, modernization, refurbishment or improvement of living space or ancillary surfaces). The PTZ can also finance the simultaneous purchase of outbuildings (garage, parking space...).

It is not granted **only one PTZ for the same operation** real estate.

Your future home must meet the following 3 conditions:

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

Your future home must **be in a municipality situated in zone B2 or C**.

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

Know the area of his commune: A, Abis, B1, B2 or C

#### 2. Housing in need of improvement

The TZP is to be used to partially finance the purchase of old housing **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, modernization, cleaning up or improvement of living areas or ancillary areas)
- Energy saving works (unless financed by an eco-PTZ). The annual energy consumption of the dwelling (heating, hot water, cooling) must be less than 331 kWh/m². This condition may be demonstrated by an energy assessment or a DPE: titleContent indicating at least Class E, after work.

Warning

- You must begin this work after obtaining the PTZ. However, in the case of a contract for sale of building to be renovated (VIR) or a contract of rental and purchase of real estateHowever, work can begin before obtaining the PTZ.
- The works must be completed within a period which may not exceed 3 years from the date of issue of the PTZ offer. However, you may be granted additional time in certain cases (force majeure, natural or technological disaster, illness or accident, litigation procedure).

#### 3. Housing used as a principal residence

Your future housing financed with PTZ must become your main residence:

- At the latest 1 year after its purchase or completion of the work
- Either from retirement, which must occur at the latest 6 years after the purchase or completion of the work. Until you retire, you can rent the accommodation, under certain conditions.

For a dwelling to be considered **your principal residence**, you must **inhabit it at least 8 months of the year**. But a home that you occupy less than 8 months a year can still be considered your main residence, in the following cases:

- case of force majeure
- or health reason,
- or obligation linked to the professional activity (regular travel, official accommodation, etc.)
- or rented out pending your retirement.

To get a PTZ, the amount of your income **shall not exceed one maximum amount.**

The amount of your income matches **the greater of:**

- Total of your reference tax income and other people who will live in the dwelling. The tax income to be taken into account is that for year N-2. For a 2023 PTZ claim, this is the 2021 benchmark tax income, recorded on the 2022 tax notice. If you have revenue from the foreigner, it is to be taken into account. You will need to provide proof of this when applying for PTZ.
- Total cost of the operation to be financed TTC: titleContent divided by 9

The *maximum amount* not to be exceeded depends on the** number of persons to be housed **and the **municipality of your future accommodation.**

A simulator allows you to know the area of the commune of your future accommodation:

Know the area of his commune: A, Abis, B1, B2 or C

FYI

To obtain the PTZ, the municipality of your future housing must **be located in zone B2 or C**.

**You must not have owned your principal residence in the 2 years prior to the TTZ.**

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

- You have either usufruct, or bare-ownership of your principal residence
- You or one of the occupants of the dwelling have a
*mobility card inclusion*marked*invalidity*, or a*disability card*of 2^{e}or 3^{e}category (absolute inability to work), or collect theAAH: titleContent or theAEEH: titleContent - A natural or technological disaster has made your home permanently uninhabitable. In this case, you must apply for a loan within 2 years of the publication of the order establishing the disaster.

FYI

If you have obtained a PTZ and are selling your home to buy a new one, you can request the transfer of your PTZ.

#### Estimate the amount of your PTZ

You can estimate the amount of your PTZ using this simulator:

Simulator - Zero Rate Loan (PTZ)

#### Calculate the maximum amount of your PTZ

This amount depends on the municipality of your future accommodation.

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

Know the area of his commune: A, Abis, B1, B2 or C

Répondez aux questions successives et les réponses s’afficheront automatiquement

#### In zone B2

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

But to do this calculation, the amount of the *total cost of operation to be financed* shall be taken into account up to a maximum amount.

This maximum amount depends on the number of people accommodated.

Example :

For 1 couple with 2 children (therefore 4 people) in zone B2, the maximum total cost taken into account is €220,000

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

#### In zone C

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

But to do this calculation, the amount of the *total cost of operation to be financed* shall be taken into account up to a maximum amount.

This maximum amount depends on the number of people accommodated.

Example :

For 1 couple with 2 children (therefore 4 people) in zone C, the maximum total cost taken into account is €200,000.

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

The repayment term of the PTZ depends on:

- Your income
- Total cost of the operation to be financed
- Number of people who will live in your future home
- Area of the commune of your future housing

The higher your income, the shorter the term of the loan.

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

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

Only financial institutions that have signed an agreement with the government (e.g. a bank) can grant a PTZ.

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

The hotel is not obliged to give you the PTZ.

You must apply for the PTZ **in addition to at least 1 other loan**.

This may include one of the following loans:

- Social Accession Loan (SAP)
- Agreed loan
- "Classic" Bank Mortgage
- Home Savings Loan
- Supplementary loan (including ready of Housing Action)

## New or new dwelling

The PTZ can finance **in part** :

- Or the purchase of a new dwelling, that is to say a dwelling completed less than 5 years ago, for its 1
^{re}occupation - Or the purchase of a dwelling for its 1
^{re}occupation after the work necessary for its production or delivery - Either the construction of a dwelling, with or without the purchase of rights to be built or the land to be built
- The conversion of 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 may be granted for a single real estate transaction.**

FYI

the PTZ may be granted under a joint and several lease or a lease-purchase agreement.

Your future housing financed with PTZ must become your main residence:

- At the latest 1 year after its purchase or completion of the work
- Either from retirement, which must occur at the latest 6 years after the purchase or completion of the work. Until you retire, you can rent the accommodation, under certain conditions.

For a dwelling to be considered **your principal residence**, you must **inhabit it at least 8 months of the year**. But a home that you occupy less than 8 months a year can still be considered your main residence, in the following cases:

- case of force majeure
- or health reason,
- or obligation linked to the professional activity (regular travel, official accommodation, etc.)
- or rented out pending your retirement.

To obtain a PTZ, the *amount of your income* shall not exceed one **maximum amount.**

The *amount of your income* match **the greater of:**

- Total of your reference tax income and that of other persons who will live in the dwelling. The tax income to be taken into account is that for year N-2. For a 2023 PTZ claim, this is the 2021 benchmark tax income, recorded on the 2022 tax notice. If you have revenue from the foreigner, it is to be taken into account. You will need to provide proof of this when applying for PTZ.
- Total cost of the operation to be financed TTC: titleContent divided by 9

The maximum amount not to exceed depends on the number of people housed and the municipality of your future accommodation.

A simulator makes it possible to know the area to which the municipality belongs:

**You must not have owned your principal residence in the 2 years prior to the TTZ.**

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

- You have either usufruct, or bare-ownership of your principal residence
- You or one of the occupants of the dwelling have a
*mobility card inclusion*marked*invalidity*, or a*disability card*of 2^{e}or 3^{e}category (absolute inability to work), or collect theAAH: titleContent or theAEEH: titleContent - A natural or technological disaster has made your home permanently uninhabitable. In this case, you must apply for a loan within 2 years of the publication of the order establishing the disaster.

FYI

If you have obtained a PTZ and are selling your home to buy a new one, you can request the transfer of your PTZ.

#### Estimate the amount of your PTZ

You can estimate the amount of your PTZ using this simulator:

Simulator - Zero Rate Loan (PTZ)

#### Calculate the maximum amount of your PTZ

This amount depends on the area of the commune of your future housing.

To find out, you can use this simulator:

Know the area of his commune: A, Abis, B1, B2 or C

Répondez aux questions successives et les réponses s’afficheront automatiquement

#### In areas A and A bis

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

To make this calculation, the amount of the *total cost of operation to be financed* shall be taken into account up to a maximum amount.

This maximum amount depends on the number of people accommodated.

Example :

For 1 couple with 2 children (thus 4 people) in zone A, the maximum total cost taken into account is €300,000.

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

#### In zone B1

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

To make this calculation, the amount of the *total cost of operation to be financed* shall be taken into account up to a maximum amount.

This maximum amount depends on the number of people accommodated.

Example :

For 1 couple with 2 children (therefore 4 people) in zone B1, the maximum total cost taken into account is €270,000.

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

#### In zone B2

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

To make this calculation, the amount of the *total cost of operation to be financed* shall be taken into account up to a maximum amount.

This maximum amount depends on the number of people accommodated.

Example :

For 1 couple with 2 children (therefore 4 people) in zone B2, the maximum total cost taken into account is €220,000.

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

#### In zone C

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

*total cost of operation to be financed* shall be taken into account up to a maximum amount.

This maximum amount depends on the number of people accommodated.

Example :

For 1 couple with 2 children (therefore 4 people) in zone C, the maximum total cost taken into account is €200,000.

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

The repayment term of the PTZ depends on:

- Your income
- Total cost of the operation to be financed
- Number of people who will live in your future home
- Area of the commune of your future housing

The higher your income, the shorter the term of the loan.

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

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

Only financial institutions that have signed an agreement with the government (e.g. a bank) can grant a PTZ.

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

The hotel is not obliged to give you the PTZ.

You must apply for the PTZ **in addition to at least 1 other loan**.

This may include one of the following loans:

- Social Accession Loan (SAP)
- Agreed loan
- "Classic" Bank Mortgage
- Home Savings Loan
- Supplementary loan (including ready of Housing Action)

## Social housing

You can buy the social housing you live in, under certain conditions.

The PTZ can be granted to you to partially finance the purchase of this house, 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

You can buy a vacant social housing, without being a tenant of a social housing, under certain conditions.

Your future housing financed with PTZ must become your main residence:

- At the latest 1 year after its purchase or completion of the work
- Either from retirement, which must occur at the latest 6 years after the purchase or completion of the work. Until you retire, you can rent the accommodation, under certain conditions.

For a dwelling to be considered **your principal residence**, you must **inhabit it at least 8 months of the year**. But a home that you occupy less than 8 months a year can still be considered your main residence, in the following cases:

- case of force majeure
- or health reason,
- or obligation linked to the professional activity (regular travel, official accommodation, etc.)
- or rented out pending your retirement.

To obtain a PTZ, the *amount of your income* shall not exceed one **maximum amount.**

The *amount of your income* match **the greater of:**

- Total of your reference tax income and that of other persons who will live in the dwelling. The tax income to be taken into account is that for year N-2. For a 2023 PTZ claim, this is the 2021 benchmark tax income, recorded on the 2022 tax notice. If you have revenue from the foreigner, it is to be taken into account. You will need to provide proof of this when applying for PTZ.
- Total cost of the operation to be financed TTC: titleContent divided by 9

The maximum amount not to exceed depends on the number of people housed and the municipality of your future accommodation.

A simulator makes it possible to know the area to which the municipality belongs:

#### Estimate the amount of your PTZ

You can estimate the amount of your PTZ using this simulator:

Simulator - Zero Rate Loan (PTZ)

#### Calculate the maximum amount of your PTZ

This amount depends on the area of your future home.

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

Know the area of his commune: A, Abis, B1, B2 or C

Répondez aux questions successives et les réponses s’afficheront automatiquement

#### In areas A and A bis

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

But the amount of *total cost of operation to be financed* shall be taken into account up to a maximum amount.

This maximum amount depends on the number of people accommodated.

Example :

For 1 couple with 2 children (thus 4 people) in zone A, the maximum total cost taken into account is €300,000.

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

#### In zone B1

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

But the amount of *total cost of operation to be financed* shall be taken into account up to a maximum amount.

This maximum amount depends on the number of people accommodated.

Example :

For 1 couple with 2 children (therefore 4 people) in zone B1, the maximum total cost taken into account is: €270,000.

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

#### In zone B2

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

But the amount of *total cost of operation to be financed* shall be taken into account up to a maximum amount.

This maximum amount depends on the number of people housed and the area of the accommodation.

Example :

For a couple with 2 children (i.e. 4 occupants) who buy a house in zone B2, the ceiling of the* total cost of the operation* is €220,000.

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

#### In zone C

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

*total cost of operation to be financed* shall be taken into account up to a maximum amount.

This maximum amount depends on the number of people housed and the area of the accommodation.

Example :

For a couple with 2 children (4 occupants) who buy a C-shaped accommodation, the *total cost* maximum taken into account is €200,000.

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

The repayment term of the PTZ depends on:

- Your income
- Total cost of the operation to be financed
- Number of people who will live in your future home
- Area of the commune of your future housing

The higher your income, the shorter the term of the loan.

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

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

Only financial institutions that have signed an agreement with the government (e.g. a bank) can grant a PTZ.

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

The hotel is not obliged to give you the PTZ.

You must apply for the PTZ **in addition to at least 1 other loan**.

This may include one of the following loans:

- Social Accession Loan (SAP)
- Agreed loan
- "Classic" Bank Mortgage
- Home Savings Loan
- Supplementary loan (including ready of Housing Action)

## Who can help me?

Find who can answer your questions in your region

- Construction and housing code: articles L31-10-2 to L31-10-5Terms of the loan
- Construction and housing code: article D31-10-2 to D31-10-4Terms of the loan
- Construction and housing code: articles L31-10-6 to L31-10-7Maintenance of the loan
- Construction and housing code: articles D31-10-6 to D31-10-7Maintenance of the loan
- Construction and housing code: article L31-10-8 to L31-10-10Loan amount
- Construction and housing code: articles D31-10-8 to D31-10-10Loan amount (deal amount and applicable rate)
- Construction and housing code: article D31-10-11Length of loan
- General Tax Code: Articles 256 to 257aDefinition of a new building after completion of works (2° of 2 of I of Article 257)
- Order of 30 December 2010 on the conditions of application of provisions concerning non-interest-bearing loans to finance first-time home ownershipConditions
- Decree No. 2005-69 of 31 January 2005 on the purchase or construction of dwellings for homeownership
- Order of 30 September 2014 on the classification of municipalities by zone applicable to certain housing subsidiesTo know the area of the municipality
- Order of 30 December 2014 on the geographical scope of interest-free loans granted to finance the former's first-time accession operations under conditions of workTo 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 his commune: A, Abis, B1, B2 or C
Simulator

- Statement of Honor (to be attached to PTZ's application)
Document template

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

- Certificate of non-issuance of a non-interest bearing loan by another credit institution participating in the financing plan (to be attached to PTZ's application)
Document template

- Attestation on the honor of the hosted borrower (to be attached to PTZ's request)
Document template

- Attestation on the honor on the resources of the borrower attached to a tax shelter or its parents (to be attached to PTZ's application)
Document template

- Joint Honor Attestation on Child Care (to be attached to PTZ's application)
Document template

- Declaration of the exercise of a professional or commercial activity in the dwelling financed with the aid of a non-interest bearing loan (to be attached to the PTZ application)
Document template

- Attestation on the honor of commitment of works of an old dwelling (to be attached to the application of PTZ)
Document template

- VIR or rental-accession: certification by the seller (to be attached to PTZ's application)
Document template

- VIR or rent-to-own: buyer's certificate (to be attached to PTZ's application)
Document template

- Zero-interest loan, how does it work?Ministry of Economy
- Real joint and several leaseGeneral Directorate of Public Finance
- Sale of building for renovation (VIR)National Agency for Housing Information (Anil)
- Act No. 84-595 of 12 July 1984 on rental and homeownershipLegifrance
- Zero-interest loan for the purchase or construction of a homeNational Agency for Housing Information (Anil)
- Zoning A / B / CMinistry of Housing