Zero plus rate loan (PTZ +): all you need to know

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Want to know all about the zero plus loan rate (PTZ +)? Created in 1995 and intended to facilitate access to property, the zero interest plus loan has many advantages (no application fees and no interest). 

What is the zero plus loan rate?

What is the zero plus loan rate?

The zero interest plus loan, called “interest-free loan” in the legal texts, aims to promote home ownership. Since 2011, it replaces the old zero rate loan (set up in 1995) as well as the property pass and the tax credit on mortgage interest. It takes into account the geographic area of ​​the accommodation concerned and the real needs of the applicant. The PTZ is a State-assisted loan, allocated throughout France (mainland and overseas departments).

It can be used to build your main residence. This, in order to acquire new housing. Since January 2015, the zero rate plus loan has also applied to old housing.

It can also finance various operations, depending on whether the property has already been inhabited (if you are in social housing or in old private sector housing) or not (in the case of housing to be built or the transformation of a local accommodation).

Special case: households having acquired real estate before December 31, 2010 remain beneficiaries of the tax credit.

What are the features of PTZ +?

What are the features of PTZ +?

The advantages of PTZ + are its simplified implementation and its ability to obtain accommodation for the applicant in the areas where they are the most expensive. Above all, the PTZ + is guaranteed interest-free, no application fees and expert fees.

However, it is impossible to subscribe only to a PTZ +. It must be added to one or more additional loans, intended to finance a mortgage. Among them :

  • The housing action loan
  • Social accession loan (PAS)
  • The loan under agreement
  • The bank mortgage
  • The home savings loan

How to subscribe to a PTZ +?

How to subscribe to a PTZ +?

The zero interest plus loan can be taken out with banking establishments that have signed an agreement with the State. They are responsible for calculating your ability to repay a credit (this is the creditworthiness) and your guarantees. However, it should be noted that no establishment is forced to grant you a PTZ +.

What are the conditions?

You must be a first-time buyer , i.e. not have been the owner of your main residence during the last two years preceding the loan. However, you can own one or more secondary residences (rental investments or shares in a SCPI).

Specific cases

Although it is attributed to first-time buyers, the Construction and Housing Code provides for some exceptions. Therefore, if you meet the conditions below, there is no need to be a first-time buyer.

  • If you, or one of the inhabitants of the accommodation receive a disabled adult allowance (AAH) or a disabled child education allowance (AEEH). You must justify it with a 2nd or 3rd category disability card or inclusion mobility card attesting to the mention of disability.
  • If you are the victim of a natural or technological disaster, making your main residence an uninhabitable place. It is therefore imperative to apply for the loan two years after the certificate attesting to the loss.

In addition, you must live in the accommodation concerned by the loan at least 8 months per year. Except for :

  • Health reason
  • In case of force majeure
  • In case of professional activity resulting in regular trips
  • In case of rental accommodation (attention, subject to specific conditions)

What are the elements to take into account?

  • The nature of the accommodation: in the case of low-cost housing, new or old property (the work of which is estimated at 25% of the total cost of the operation)
  • The geographic area of ​​the property: zone A, B1, B2, C
  • Household size and subscriber resources
  • The amount of the acquisition
  • Person contribution


What are the means test?

In order to qualify for the zero plus rate loan, the resources of the applicant household must not exceed a certain ceiling. This ceiling depends on the area of ​​the accommodation concerned, the resources of the home and its composition.

In addition, the tax revenue of the applicant and of the other persons who will live in the accommodation are recorded (in the event of a separate tax declaration). More specifically, these are the tax revenues obtained the penultimate year preceding the loan (year N-2).

For example:  for a loan contracted in 2020, the fiscal year taken into account is the year 2018, for income declared and paid in 2019.

Finally, the amount of estimated resources corresponds to the highest amount between  the sum of tax revenues and  the total cost of the operation  divided by 9.

Maximum resource ceiling, depending on the geographic area and the size of the household

Number of occupants Zone A bis and 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 is the amount of PTZ + calculated?

How is the amount of PTZ + calculated?

The PTZ + is intended to finance part of the total cost of the operation (inclusive of tax). This total cost is capped according to the geographic area of ​​the accommodation concerned and the size of the household that will live there.

It includes the amount of the construction or the acquisition of the real estate (works included, excluding eco-PTZ +), without counting the negotiation costs in agency. However, notary fees are not included.

The amount of the PTZ + depends on a percentage applied to the total cost of the operation:

construction cost ÷ purchase + negotiation costs

This percentage represents 40%  of the cost of the operation for new and old real estate (regardless of the area) and 10%  of the cost of the operation for housing in the social housing stock.

Maximum amount of the total cost of the operation depending on the geographic area and the size of the household

Number of people living in the accommodation Zone A bis and 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 long is the repayment period?

How long is the repayment period?

The duration of repayment of the loan at zero rate plus is calculated according to your income, the total cost of the operation, the size of your home, the type of your accommodation and its geographic area.

Thus, the higher your income, the shorter the term of the loan. The repayment period is 20 to 25 years depending on the case. It includes two phases:

  • The deferral period: you do not reimburse the PTZ +. It is estimated at 5, 10 or 15 years depending on your income.
  • The loan repayment period: begins once the deferred period has ended. This phase fluctuates between 10 and 15 years.

 Repayment terms may be revised. This is the case when:

  • The repayment period is equal to or less than 8 years. The applicant can then reduce the amount of his loan (up to a limit of 50%).
  • If the PTZ + includes a refund in two periods. The first can be reduced at the request of the borrower (within a minimum of 4 years).

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