Home Savings Loan from Home Savings Account (CEL)

Verified 01 January 2023 - Directorate for Legal and Administrative Information (Prime Minister)

Having a home savings account (HSA) can be used to obtain a home savings loan. This loan is to be used to finance the purchase or construction of a dwelling, or to finance work in a dwelling. The characteristics of the loan (interest rate, payment or no payment of a premium) depend on the date of opening of the CEL.

FYI  

it is also possible to obtain a home savings loan from a home savings plan (PEL).

The situation varies according to the date of opening of the CEL.

CEL open from 1 March 2011

Loan saves housing can be used to do any of the following:

  • Purchase of the main residence (new or old)
  • Construction of the main residence (land purchase and construction work)
  • Expansion, repair or improvement of the main residence (elevation, energy saving, facade renovation of a condominium building...)
  • Acquisition of shares in residential civil real estate investment businesses (CREPS)
CEL opened before 1 March 2011

The home savings loan can be used to do one of the following:

  • Purchase of the main residence (new or old)
  • Construction of the main residence (land purchase and construction work)
  • Expansion, repair or improvement of the main residence (elevation, energy saving, facade renovation of a condominium building...)
  • Acquisition or subscription of shares of SCPI (civil residential real estate investment Businesses)
  • Construction or acquisition of a secondary residence (in the new)
  • Renovation or extension of a secondary residence
  • Acquisition of a residence for leisure or tourism

Have a CEL

To get a home savings loan, your home savings account (CEL) shall:

  • have been open for at least 18 months
  • and must have earned a minimum amount of interest, the amount of which depends on your project to be financed.
Tableau - Minimum amount of interest eligible for the home savings loan

Project to be funded

Minimum amount of interest

Energy-saving work

€22.50

Repair or improvement work

€37

Construction or purchase of housing

€75

At which bank?

In principle, you have to apply for the loan at the bank where you have your CEL. However, you can choose to ask another bank.

Before granting you the loan, the bank, as for the other loans for house purchase :

The amount of the loan depends on its duration and the interest earned during the saving phase.

Its maximum amount is €23,000.

Please note

if you combine a CEL loan with a CEL loan obtained through a PEL, the maximum amount of the total loan may not exceed €92,000.

FYI  

if you have a CEL and a PEL open in the same bank, you can get a loan from your CEL and a loan from your PEL. But you won't be able to get more than €92,000 in total.

The term of the loan is 2 to 15 years.

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CEL opened since 2018

The interest rate on the loan depends on how long you have been saving on your CEL.

Your CEL does not qualify for the State premium.

CEL opened before 2018

The interest rate on the loan depends on how long you have been saving on your CEL.

You can benefit from a state premium granted at the end of the savings period.

The premium is equal to 50% interest earned and taken into account in the calculation of the loan. Its maximum amount is €1,144.

This premium is exempt from income tax, but it is subject to to social security contributions.

A loan obtained with a CEL can also be prepaid.

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