Zero-Interest Loan: Offers Issued on or After April 1, 2024
For the record, the 2024 Finance Act extended the zero-interest loan (PTZ) through December 31, 2027, and modified several of its terms.
First, it provides for the refocusing of the “new” PTZ toward multi-unit housing projects located in Zones A and B1 (the construction of single-family homes is no longer eligible, with some exceptions). However, the PTZ remains available in all municipalities for new housing in the following cases: conversion, with or without purchase, of non-residential premises into residential units; purchase of new housing under a rent-to-own arrangement; purchase of new housing subject to a “Bail Réel Solidaire” (BRS) lease agreement; purchases subject to a reduced VAT rate in QPV and ANRU zones).
The Finance Act also revises the loan repayment conditions (family quotient, ceiling); modifies the calculation of the loan-to-value ratio, taking into account the property’s location, whether it is new or existing, and, from now on, the borrower’s income; excludes the cost of work on fossil-fuel-powered heating systems from the calculation of the total cost of the transaction; and reforms the duration of the initial repayment period.
A decree has clarified that these measures apply to loan offers issued on or after April 1, 2024.
