What if having a housing savings plan (PEL) became attractive again?
This savings account, which pays little (0.7% after tax), suddenly finds interest with the rise in rates.
An open PEL now entitles you to a loan at the prime rate of 2.2%.
Few banks do better today.
A mortgage over 20 years exceeds 2%, and the 3% mark should be crossed next year.
Concretely, a PEL entitles you to a loan of 5,000 to 92,000 €, for a period ranging from 2 to 15 years.
The amount borrowed nevertheless depends on the interest generated: the more money you let sleep on it - the ceiling is €61,200
-, the more one can borrow.
The account must have been open for at least three years to qualify for this funding facility.
The credit must be used for the purchase of a principal residence, or to carry out work there.
“A few months ago, we did not try to find out if a client had a PEL.
The rates were not competitive.
Now…
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