Real estate loan: this new offer allows you to borrow 100,000 euros without paying interest

Until the end of the year, the developer Les Nouveaux Constructeurs is offering a zero-interest loan of a maximum amount of 100,000 euros to finance the purchase of an apartment or a new house. An initiative in line with its competitors Nexity and Altarea.

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While the real estate loan rate remain significantly above 3%, how about divide the addition by threeand to borrow at around 1% as in the boom years of the real estate market, between 2017 and 2021? It is the bet of promoter Les Nouveaux Constructeurs (LNC, Bassac group), which launched in mid-October, and until December 31, 2024, a special financial offer with the LCL bank, in order to “to circumvent the obstacles to accessing property”after two years of quadrupling credit rates which resulted in a continued fall in new home sales. “As credit rates are still quite high, we want to restore some solvency to our customersby lowering the cost of their loan and, therefore, their monthly repayment payment”explains Jérôme Gabelout, head of digital marketing at LNC.

The promoter and LCL offer un zero-interest loan of a maximum amount of 100,000 euros. Unlike the PTZ from the State, you can benefit from it even if you are not a first-time buyer, whatever your income, to finance both the acquisition of a main residence and a rental investment, in a tight area, where the demand for housing is much higher than supply, or in a relaxed area, to buy a detached house or a new apartment. Another difference with the PTZ, whose payment of interest to banks is covered by the State, it is the promoter who pays the interest to LCL. The group has the means, with a net profit of 16 million euros in the first half of 2024. This zero-rate LCL/LNC loan can be combined with the State PTZ, for a total amount of 180,000 euros, and with two other zero-rate loans from the bank: the LCL young active loan and the LCL responsible acquisition loan, each for a maximum amount of 20,000 eu

A saving of 25% compared to a traditional loan

Let’s take the example of Nicolas and Sarah, a couple in their thirties who are preparing to make their first real estate purchase. They set their sights on a three-room apartment for 316,300 euros in Aubervilliers, in Seine-Saint-Denis. Having a personal contribution of 66,300 euros and eligible for the State PTZ since they are first-time buyers, for an amount of 135,000 euros, they would normally have to take out a classic additional credit of 115,000 euros to complete their financing plan, at a rate of 3.71% over 25 years, according to a simulation carried out by LNC.

With the special offer from the promoter, Nicolas and Sarah will benefit, in addition to the 135,000 euros from the State PTZ, from a zero-rate LNC/LCL loan of 50,000 euros over 10 years and from a youth LCL loan. assets of 20,000 euros over 25 years. They will therefore only have 45,000 euros left to borrow via a traditional real estate loan, at the rate of 3.71%, over 25 years. The couple will thus reduce the burden of interest by 25%or almost 26,000 euros, compared to the first simulation, which only includes the State PTZ and a traditional credit, calculates LNC. It must be said that the promoter’s special offer allows them to borrow at an average rate of…0.40% (excluding insurance).

Promoters are increasing the number of special financing offers

For Thomas and Anne-Sophie, two forty-year-olds not eligible for the State PTZ because they are second-time buyers, the rate is significantly less advantageous, at 2.89%, but still very satisfactory compared to the current market average of 3.65% over 25 years. The purchase of their house from LNC in Val-de-Marne, for an amount of 550,500 euros, they finance it with their personal contribution of 50,500 euros, a zero-rate LNC/LCL loan of 100,000 euros and another zero-interest LCL responsible acquisition loan of 20,000 euros, granted thanks to the good energy performance of their future home. Their financing will be supplemented by a traditional loan of 380,000 euros over 25 years, at a rate of 3.29%. This will allow them to achieve a saving of 13%or more than 36,000 euros, compared to a loan of 500,000 euros over 25 years, at 3.29%, that they would have been obliged to contract if they had not benefited from this special offer, assures LNC.

The promoter, who already has around a hundred financing files with this new offer, follows in the wake of his competitor Nexitywhich launched at the end of September a zero-interest loan of a maximum amount of 50,000 eurosalso without income ceiling, again in partnership with LCL. For his part, Altarea developed with the same LCL and with Crédit agricole d’Ile-de-France a financing offer for first-time buyers, Cogedim Access. Deposit, bank application fees, notary fees, Housing Credit guarantee for the loan, interim interest due as the funds are released… Altarea offers all this to first-time buyers so that they do not have to pay anything before When the keys are handed over and the accommodation is delivered, they repay a monthly credit payment at most equivalent to their current rent. Enough to hope to relaunch real estate transactions which fell “only” by 2.5% in the third quarter, over one year, according to the Federation of Real Estate Developers.