The zero plus loan is a credit granted to people who wish to acquire a principal residence for the first time. Reserved for first-time buyers, it offers them the advantage of not paying interest to the lending institution. On January 1, 2013, under the 2013 Finance Act, the terms and conditions of the PTZ + were changed.
The Zero Rate + loan consists of a free advance of the State with no interest or fees and finances up to 33% of your mortgage. It is therefore a real way to reduce the amount of monthly payments by increasing its ability to borrow.
To subscribe, you must contact a bank that is state-approved and meet certain conditions of resources depending on the situation of the property and the number of occupants. Accessible only to first-time buyers, it only allows the purchase of a first home as a principal residence and is reserved for housing that respects energy performance:
For a new property: construction or purchase of a new housing with label BBC2005 (Low Energy Consumption Buildings) or which respects RT 2012 (Thermal Regulation).
For an old property: purchase an old housing with major renovation or transformation of a local housing. The old housing must have the HPE renovation 2009 (High Energy Performance) label or the 2009 BBC renovation label or must meet one of the following energy performance criteria: hot water production or heating system, insulation of the walls or the building. roof that overlook the outside, the windows.
As with any credit financing the purchase of real estate, you must adhere to a borrower insurance policy to protect yourself and guarantee the bank that it will be well repaid in the event of payment default on your part death, disability, incapacity for work or unemployment.
Nothing requires you to accept the loan insurance presented to you by the lending bank: you are free to take out more PTZ insurance from the insurer of your choice, provided that you respect the minimum equivalence level of the guarantees with the bank’s group contract.
Carry out a comparative insurance PTZ plus and choose the contract whose price will lighten the cost of your guarantee compared to the offer of the bank!