2023-09-29 20:31:46
Subsidized loan: finally a solution for borrowers?
Updated September 29, 2023
par Hugo Boudjlal – Web Editor
Faced with the housing crisis, the government is considering new measures to help households access property. Real estate loan rates have increased significantly in recent months: quadrupling in just 20 months. In this context, the Minister of the Economy Bruno Le Maire mentioned thehas set up a loan at a subsidized rate (PTB) to make credit financing conditions more attractive.
Borrowing rates noted on 09/29/2023
What interest for the French?
The principle of this system is to offer an interest rate more accessible to households compared to current rates. It is important to note that this loan will not replace the classic zero-rate loan (PTZ), which is reserved for first-time buyers. The minister wants to strengthen the PTZ in order to allow more young households to access it.
The “subsidized rate loan” is not new. This is a type of subsidized loan offered by the State, banking organizations or local authorities. This loan allows you to borrow at a fixed rate, lower than that offered by the market. Different organizations and administrations grant this type of loan: in particular the social accession loan, the Paris Logement 0% loan, the Action Logement loan or the civil servant real estate loan.
An Empruntis simulation broadcast on BFM Business shows that a PTB of 2% would make it possible to completely erase the rise in rates over the past 18 months. For example, with a PTB at this height and a quota of 40%, a household could save nearly 30,000 euros on a loan of 300,000 euros.
When can we expect its implementation?
It is important to emphasize that the precise details of the PWB proposed by the minister have not yet been communicated. The eligibility conditions and terms of application will be defined later.
“We must study this possibility with the Minister of Housing and the deputies,” indicated Bruno Le Maire. Real estate loans recorded “a significant drop compared to 2022 which was a record year, and not a normal year”, underlines the office of the Minister of the Economy. After the failure of the attempt to ease credits, the government is therefore embarking on a new project to try to limit the impact of inflation on borrowers.
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