The Family Allowance Fund can support you in the context of a real estate project with a zero-interest loan, the amount of which can be up to 25,000 euros. A serious boost in the current situation! We explain how to benefit from it.
The slowdown in real estate transactions has accelerated in recent months, according to results published by The Notaries of France. Prices still on the rise, high rates and loans that are increasingly difficult to obtain from banks… Added to this is galloping inflation, which some major retailers fear will explode in the coming weeks. ! In other words, the real estate market looks like a minefield in which people wishing to acquire a new property must still move forward. To help them, the Family allowance (CAF) notably offers zero interest loan. Indeed, the organization does not only pay social benefits such as APL, activity bonus or RSA. It also supports you in everyday life with the implementation of childcare solutions or bank loans adapted to your income.
This is the case of the Zero Rate Loan called PTZ which is reserved for people wishing to buy a main residence and who don’t have not owned in the past two years. Only the private sector employees can benefit from it and its maximum amount cannot exceed the financing of housing up to 40%. There is also the Housing Action Loan whose accessibility conditions are similar, for an amount ranging from from 7,000 to 25,000 euros depending on where the property is located. Other formulas exist such as the Home Improvement Loan (PAH) intended to help you with the works and the purchase of essential furniture for a main residence. The interest rate in this case is fixed at 1% and the repayment is capped at 36 months.
To take advantage of this, you can go to the CAF website, there are online simulators, or contact an agent. If you have an account, bring your username and connection code to keep you informed.
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A bonus of 3,000 euros to deal with inflation
These alternatives come in addition to a personal contribution or a bank loan, and complete the wide range of aid issued by the CAF in your department. Currently, new premiums are being paid, in more or less high amounts. On March 6, a boost of 420 euros was given to beneficiaries of the Personalized Housing Allowance (APL). And to contain the consequences of inflation on the most modest households, another bonus of 3,000 euros is expected. Your income must not exceed the minimum wage to benefit from it, and in some cases it is your employer who takes care of the administrative procedures. 1.3 million French people are concerned.