our offering
home ownership savings plan loan

HOME OWNERSHIP SAVINGS PLAN LOAN

Loans

A mortgage loan to finance the total cost of your home

A loan is a legal commitment and must be repaid. Please verify your ability to repay before signing up.

Prêt plan épargne logement

The Home Ownership Savings Plan Loan (Prêt Plan Épargne Logement – PEL Loan) is a mortgage loan that allows you to finance up to 100% of the total cost of your home.(1)

  • UP TO
  • €92,000

(1) Subject to application approval by BNP Paribas.

In detail

Eligibility

Adapted financing reserved for the holders of PEL

The PEL is reserved exclusively for holders of borrowing rights, attained after a period of saving in a PEL.

Amount

Determination of the total Based on your savings

The amount of your PEL Loan is determined on the basis of the interest accrued during the savings period.

Borrowing capacity

Transfer of rightsIncrease your borrowing capacity

Your family members(2) can transfer their borrowing rights to you, allowing you to increase the amount of your loan and thus better bring your plans to fruition.

(2) Please see the conditions in the "further details" section

A premium and an Extra premium

You benefitfrom your purchase

A premium of €1,144 is added to the allocation of a PEL Loan. An extra premium of €525 is awarded if the property purchase adheres to sustainable development standards.

Repayment

Adaptableat any time

When you apply for a PEL Loan, or upon the suggestion of BNP Paribas, you may suspend or modify your payments to suit your budget.

Further details

Detailed characteristics of the

HOME OWNERSHIP SAVINGS PLAN LOAN

Download the pdf

  • Eligibility, Purpose of the loan, Borrowing rights, Government premium
  • Amount, Term, Rate
  • Supporting documents, ACCEPTANCE PERIOD, LINK BETWEEN YOUR MORTGAGE LOAN AND REAL ESTATE OPERATION , Availability of funds
  • Repayment, Coverage, Insurance, Loan maturit
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Eligibility

The PEL Loan is available to qualified individual clients of legal age.(1)

You must also be the holder of a PEL that has been accruing interest for at least 3 years.

(1) Subject to application approval by BNP Paribas.

Purpose of the loan

Principal residence

A PEL Loan finances the purchase of your main residence (with the possibility of financing a work space for commercial use or not, as long as it is comprised within your main residence).
The financing of this residence can be used for:

  • Purchasing a new or old property (with or without land)
  • Building an individual house
  • Building a condominium unit

In the case of PEL loans opened before 2011-03-01, you should contact your BNP Paribas advisor.

Works
A PEL Loan can finance works on, or improvements made to a property intented to be your principal residence:

  • Works for additions (creating new habitable surfaces, e.g. a veranda)
  • Certain expenses for real estate repair or improvement: sanitation, equipment, improvements to the comfort of the home such as installation of a bathroom
  • Energy-saving works: thermal insulation (installation of panes, double glazing or double windows), improvement of the heating system (boiler replacement), or access to new techniques or energy sources (solar energy, wood stove inserts)

When the works are carried out by the borrower, BNP Paribas finances the purchase of materials for an overall amount of €3,050 upon presentation of the invoices (e.g. the purchase of tiles).

There are also several purposes for loans that are subject to particular financing conditions (e.g. purchasing a parcel of land, enlarging a home, etc.), and others that may not be financed by a PEL Loan (e.g. land only, houseboats, etc.). Your BNP Paribas advisor is always available to provide you with more information.

Location of the financing
Purchased properties must be located in Metropolitan France, the overseas departments (Guadeloupe, Martinique, Guyana, Réunion), Saint-Pierre-et-Miquelon, New Caledonia, French Polynesia or Mayotte. The principality of Monaco and the other overseas territories are not included.

Borrowing rights

These rights are calculated based on the amount of interest accrued over the entire savings term of your PEL, with the addition of any rights acquired from a Home Ownership Savings Account and any borrowing rights that may have been transferred to you.

You can benefit from rights transferred to you by:

  • Your spouse
  • Your ascendants, descendants, brothers, sisters, uncles, aunts, nephews and nieces
  • Your spouse's ascendants, descendants, brothers, sisters, uncles, aunts, nephews and nieces
  • The spouse of your brothers, sisters, ascendants and descendants
  • The spouse of the your spouse's brothers, sisters, ascendants and descendants
  • From anyone by inheritance. In the latter case, you (the heir) receive the PEL and borrowing rights linked to it.

Rights may not be transferred between de facto spouses or cousins. The PEL of the transferor must be closed. Borrowing rights may be transferred only once to one person only, and the rights must be used during the year following the closure of the PEL.

If you benefit from a transfer of rights, you must provide a certificate of the acquired rights before your loan offer is drawn up; this is to be requested from the bank holding the PEL or Home Ownership Savings Account (CEL) whose rights are being transferred.

French government premium

For PELs opened before 2002-12-12, the government premium is paid to the holder independently of any loan application.

For PELs opened after 2002-12-12, the government premium is granted only when the loan is being applied for. It is paid out when the loan is made available.

For PELs opened after 2011-03-01, the government premium is paid on condition that the PEL is financing a mortgage loan of at least €5,000.

Non contractual calculated example

PEL opened after the 1st of August 2008:

Amount of the loan: €92,000
Term: 180 months
Annual Percentage Rate: 4.80%
Monthly payment, insurance included: €704.50
Application fee: none
Total cost of the loan: €36,927.13 of which €31,499.13 is interest, €3,312 is insurance premiums(3) and €2,116 is Crédit Logement (home ownership loan) coverage(4)

(3) For an insured individual under 35 years of age who is 100% insured.
(4) Based on the INITIO scale for those under the age of 37.

FAQ ()

In addition

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For assistance or to make a claim/contest a charge, your advisor can be reached on their direct line (a standard rate call).

BNP Paribas mortgage loans (excluding regulated loans) are intended for financing the purchase of a principal or secondary residence, a rental investment or any real estate-related works. The borrower has a ten-day cooling off period, as of the date the offer was received. The purchase is contingent upon a mortgage loan being obtained. If the borrower has made any payments to the seller and the mortgage loan is not obtained, the seller should repay these sums.

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