Home savings loan from a home savings plan (PEL)
Verified 01 January 2026 - Public Service / Directorate of Legal and Administrative Information (Prime Minister)
Additional cases ?
A home purchase savings loan can finance the purchase, construction or work in your main residence. To obtain it, you must have a home savings plan (PEL) open for at least 4 years. The characteristics of the loan (the amount lent to you, its interest rate, the amount of any premium paid to you) depend on the opening date of your ELP. We explain.
What applies to you ?
Open since 2018
The home purchase savings loan can be used to carry out one of the following operations:
- Purchase of your principal residence (in the new or in the old)
- Construction of your principal residence (purchase of land and construction work)
- Extension work (for example, elevation) of your primary residence
- Thermal insulation work your main residence (installation of shutters, double glazing or double windows; insulation of walls, floors or ceilings under roof and facade walls; installation of joints or appliances on air vents or openings)
- Heating Improvement Works of your principal residence (installation of thermostatic taps; replacement of boilers or renewal of burners; insulation of the installation; equipment allowing measurement, regulation of heating and better distribution of costs between users of a collective heating according to the consumption of each)
- Work to make use of new technologies or energy sources in your main residence (installations using solar energy, including solar water heaters, appliances allowing the use of wood, waste or thermal discharges from other installations, digesters and gas generators, geothermal heating and connection to a heat network, heat pump type techniques, etc.).
- Purchase of shares in SCPI (Real estate investment business)
- Financing of premises for commercial or professional use which also includes your primary residence.
The property concerned may be located in metropolitan France or in a Dom.
Warning
The bank may demand immediate repayment of the loan if you ultimately use it to finance a transaction that is not part of the operations prescribed by the regulations.
You must comply with the following conditions:
Having an ELP at term
To obtain a home savings loan, you must hold a housing savings plan (PEL) when it has expired, i.e. an ELP that has reached the end of its contractual term.
The contractual duration of the ELP is 4 years, so the ELP expires at the end of the 4e year.
However, this contractual term may be modified by mutual agreement between the bank and you, in periods of one year.
Warning
It is not possible to obtain a loan beyond a period of 5 years from the end of the contractually agreed plan.
Have loan rights
The amount of the loan that will be granted to you is calculated from the total amount of interest you earned on the ELP on the date of the last anniversary of the plan.
These interests constitute your loan entitlements.
FYI
Loan entitlements may be used for a maximum of 1 year after closure for the ELP, and up to a maximum of 5 years after maturity (i.e. up to 15 years).
If a loved one has an ELP, they can assign its rights to a loan. This can allow you to get a loan if you don't have loan entitlements or get a loan in an amount greater than the amount to which you are entitled.
To be able to use the loan entitlements of a loved one, it is necessary that your ELP and that of your loved one have come to an end.
They are:
- Your spouse
- Your children or your spouse's children
- Your grandchildren or your spouse's grandchildren
- Your parents or your spouse's parents
- Your grandparents or your spouse's grandparents
- Your siblings and their spouses or your spouse's siblings
- Your nephews and nieces or your spouse's nephews and nieces
- Your uncles and aunts or your spouse's uncles and aunts
Apply for a loan
If you hold an ELP that has expired, and you have loan entitlements generated by your PEL, you can apply for the home savings loan. In principle, you should apply for the loan at the bank where you have your ELP. But you can choose to ask another bank.
If you hold an ELP that has expired, and you have loan entitlements generated by your PEL or received from a loved one, you can apply for the home savings loan. When the 2 ELPs are not domiciled in the same bank, you must apply for a home purchase savings loan with the bank where the ELP is domiciled with the amount of the loan entitlements the highest.
In any case, before granting you the loan, the bank may require the usual elements required for the granting of mortgages:
- Proof of sufficient resources to repay the loan
- Warranty (bank guarantee or mortgage agreement or special legal mortgage of the lender of money)
- Borrower insurance.
But the bank cannot require you to place your income in its institution.
The interest rate of the loan depends on the date on which the ELP was opened.
Opening date of the ELP | Loan interest rate |
|---|---|
Since 1er January 2026 | 3.20% |
In 2025 | 2.95% |
In 2024 | 3.45% |
In 2023 | 3.2% |
Between 2018 and 2022 | 2.20% |
The term of the loan must be understood between 2 and 15 years old.
The amount of a home savings loan is €92,000 maximum.
FYI
If you have an ELP and a CEL open in the same bank, you can obtain from that bank a loan from your PEL and a ready from your CEL. But the total amount of the 2 loans can not exceed €92,000.
The amount of your home savings loan is calculated based on the following determinants:
Determinants | Values to consider |
|---|---|
Amount of the home savings loan | €92,000 maximum |
Duration of the home savings loan | From 2 years minimum to 15 years maximum |
Loan entitlements | Total interest accrued on the ELP |
Home Savings Loan Rate | It varies according to the opening date of the ELP |
The calculation is done in 2 steps :
1. Calculation of the total amount of interest on the loan to be repaid
The bank calculates the total amount of interest you will have to pay to repay the home savings loan.
This amount is obtained by multiplying your loan entitlements by a coefficient fixed at 2.5 (or 1.5 if you buy shares of SCPI).
Example :
For loan entitlements of €500 and a borrowing rate of 3.2%.
The total interest payable on the home purchase savings loan is €500 x 2.5 = €1,250
FYI
You can ask the bank for a statement that shows your loan entitlements.
2. Calculation of the loan amount
The bank calculates the loan amounts whose repayment, simulated on the basis of the legal rate of the home savings loan, corresponds to your total interest payable.
This operation makes it possible to identify several amounts that vary according to the repayment period of the home savings loan.
The shorter the repayment term, the higher the loan amount. The longer the repayment period, the lower the loan amount.
Banks usually have automatic calculators that generate a table with loan amounts and corresponding repayment periods.
In agreement with the bank, you choose the amount and corresponding loan term that best suits you.
The ELP open since 1er January 2018 does not qualify for the State bonus.
For repay your loan early, in whole or in part, you must report it to your bank.
But the bank can charge you penalties under the contract.
Open between March 2011 and December 2017
The home purchase savings loan can be used to carry out one of the following operations:
- Purchase of your principal residence (in the new or in the old)
- Construction of your principal residence (purchase of land and construction work)
- Extension work (for example, elevation) of your primary residence
- Thermal insulation work your main residence (installation of shutters, double glazing or double windows; insulation of walls, floors or ceilings under roof and facade walls; installation of joints or appliances on air vents or openings)
- Heating Improvement Works of your principal residence (installation of thermostatic taps; replacement of boilers or renewal of burners; insulation of the installation; equipment allowing measurement, regulation of heating and better distribution of costs between users of a collective heating according to the consumption of each)
- Work to make use of new technologies or energy sources in your main residence (installations using solar energy, including solar water heaters, appliances allowing the use of wood, waste or thermal discharges from other installations, digesters and gas generators, geothermal heating and connection to a heat network, heat pump type techniques, etc.).
- Purchase of shares in SCPI (Real estate investment business)
- Financing of premises for commercial or professional use which also includes your primary residence.
The property concerned may be located in metropolitan France or in a Dom.
Warning
The bank may demand immediate repayment of the loan if you ultimately use it to finance a transaction that is not part of the operations prescribed by the regulations.
You must comply with the following conditions:
Having an ELP at term
To obtain a home savings loan, you must hold a housing savings plan (PEL) when it has expired, i.e. an ELP that has reached the end of its contractual term.
The contractual duration of the ELP is 4 years, so the ELP expires at the end of the 4e year.
However, this contractual term may be modified by mutual agreement between the bank and you, in periods of one year.
Warning
It is not possible to obtain a loan beyond a period of 5 years from the end of the contractually agreed plan.
Have loan rights
The amount of the loan that will be granted to you is calculated from the total amount of interest you earned on the ELP on the date of the last anniversary of the plan.
These interests constitute your loan entitlements.
FYI
Loan entitlements may be used for a maximum of 1 year after closure for the ELP, and up to a maximum of 5 years after maturity (i.e. up to 15 years).
If a loved one has an ELP, they can assign its rights to a loan. This can allow you to get a loan if you don't have loan entitlements or get a loan in an amount greater than the amount to which you are entitled.
To be able to use the loan entitlements of a loved one, it is necessary that your ELP and that of your loved one have come to an end.
They are:
- Your spouse
- Your children or your spouse's children
- Your grandchildren or your spouse's grandchildren
- Your parents or your spouse's parents
- Your grandparents or your spouse's grandparents
- Your siblings and their spouses or your spouse's siblings
- Your nephews and nieces or your spouse's nephews and nieces
- Your uncles and aunts or your spouse's uncles and aunts
Apply for a loan
If you hold an ELP that has expired, and you have loan entitlements generated by your PEL, you can apply for the home savings loan. In principle, you should apply for the loan at the bank where you have your ELP. But you can choose to ask another bank.
If you hold an ELP that has expired, and you have loan entitlements generated by your PEL or received from a loved one, you can apply for the home savings loan. When the 2 ELPs are not domiciled in the same bank, you must apply for a home purchase savings loan with the bank where the ELP is domiciled with the amount of the loan entitlements the highest.
In any case, before granting you the loan, the bank may require the usual elements required for the granting of mortgages:
- Proof of sufficient resources to repay the loan
- Warranty (bank guarantee or mortgage agreement or special legal mortgage of the lender of money)
- Borrower insurance.
But the bank cannot require you to place your income in its institution.
The interest rate of the loan depends on the date on which the ELP was opened.
Opening date of the ELP | Loan interest rate |
|---|---|
Between August 2016 and December 2017 | 2.20% |
Between February 2016 and July 2016 | 2.70% |
Between February 2015 and January 2016 | 3.20% |
Between March 2011 and January 2015 | 4.20% |
The term of the loan must be understood between 2 and 15 years old.
The amount of a home savings loan must be included enter €5,000 minimum and €92,000 maximum.
FYI
If you have an ELP and a CEL open in the same bank, you can obtain from that bank a loan from your PEL and a ready from your CEL. But the total amount of the 2 loans can not exceed €92,000.
The amount of your home savings loan is calculated based on the following determinants:
Determinants | Values to consider |
|---|---|
Amount of the home savings loan | From €5,000 minimum to €92,000 maximum |
Duration of the home savings loan | From 2 years minimum to 15 years maximum |
Loan entitlements | Total interest accrued on the ELP (net of State premium, if added to interest) |
Home Savings Loan Rate | It varies according to the opening date of the ELP |
The calculation is done in 2 steps :
1. Calculation of the total amount of interest on the loan to be repaid
The bank calculates the total amount of interest you will have to pay to repay the home savings loan.
This amount is obtained by multiplying your loan entitlements by a coefficient fixed at 2.5 (or 1.5 if you buy shares of SCPI).
Example :
For loan entitlements of €500 and a borrowing rate of 3.2%.
The total interest payable on the home purchase savings loan is €500 x 2.5 = €1,250
FYI
You can ask the bank for a statement that shows your loan entitlements.
2. Calculation of the loan amount
The bank calculates the loan amounts whose repayment, simulated on the basis of the legal rate of the home savings loan, corresponds to your total interest payable.
This operation makes it possible to identify several amounts that vary according to the repayment period of the home savings loan.
The shorter the repayment term, the higher the loan amount. The longer the repayment period, the lower the loan amount.
Banks usually have automatic calculators that generate a table with loan amounts and corresponding repayment periods.
In agreement with the bank, you choose the amount and corresponding loan term that best suits you.
The State premium is a bonus granted upon withdrawal of funds from the maturing ELP.
The State premium is calculated from the amount of interest earned on the ELP.
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ELP open between August 2016 and December 2017
The State premium shall be paid only if the interests of the ELP entitle you to a loan of at least €5,000.
The amount of the premium corresponds to 100% vested interests, without exceeding €1,000.
For each dependent usually living with the borrower, the premium shall be increased. The mark-up shall be 10% the amount of interest earned taken into account for the amount of the loan, with a ceiling of €100 per dependent. This ceiling shall be increased to €153 when the real estate project financed is an energy performance project.
Careful, if the rate of the home savings loan is higher than rate of wearHowever, the bank will not be able to grant you this loan. As a result, you will not be able to obtain payment of the state bonus.
FYI
The State premium is exempt from income tax, but it is taxable for social security contributions.
ELP open between February and July 2016
The State premium shall be paid only if the interests of the ELP entitle you to a loan of at least €5,000.
The amount of the premium corresponds to 2/3 of vested interests, without exceeding €1,000.
For each dependent usually living with the borrower, the premium shall be increased. The mark-up shall be 10% the amount of interest earned taken into account for the amount of the loan, with a ceiling of €100 per dependent. This ceiling shall be increased to €153 when the real estate project financed is an energy performance project.
Careful, if the rate of the home savings loan is higher than rate of wearHowever, the bank will not be able to grant you this loan. As a result, you will not be able to obtain payment of the state bonus.
FYI
The State premium is exempt from income tax, but it is taxable for social security contributions.
ELP open between February 2015 and January 2016
The state bonus is paid only if the ELP interest entitles you to a loan of at least €5,000.
The amount of the premium corresponds to 50% vested interests, without being able to exceed €1,000. But this maximum is raised to €1,525, where the real estate project financed is an energy performance project.
Careful, if the rate of the home savings loan is higher than rate of wearHowever, the bank will not be able to grant you this loan. As a result, you will not be able to obtain payment of the state bonus.
FYI
The State premium is exempt from income tax, but it is taxable for social security contributions.
ELP opened between March 2011 and January 2015
The State premium shall be paid only if the interests of the ELP entitle you to a loan of at least €5,000.
The amount of the premium corresponds to 40% vested interests, without being able to exceed €1,000.
By exception, the maximum amount of the premium is €1,525, where the real estate project is financed construction or purchase a dwelling meeting an energy performance criterion:
- For a new home, the level of overall energy performance of the dwelling must be higher than that required by the regulations in force on the date of submission of the application for a building permit.
- For old housingHowever, its level of energy consumption must be low. This level shall be assessed on the date of signature of the authentic instrument, in accordance with the regulatory classification in force on that date.
To know more precisely the energy performance criterion that your real estate project must meet, you can contact a France Rénov' advisor:
Who shall I contact
Allows to be accompanied free of charge in its renovation work by advisors of France Rénov'.
By phone
0,808,800,700
Open Monday to Friday from 9am to 6pm. You must have your last tax notice.
Free service + cost of a call
Careful, if the rate of the home savings loan is higher than rate of wearHowever, the bank will not be able to grant you this loan. As a result, you will not be able to obtain payment of the state bonus.
FYI
The State premium is exempt from income tax, but it is taxable for social security contributions.
For repay your loan early, in whole or in part, you must report it to your bank.
But the bank can charge you penalties under the contract.
Open between August 2003 and February 2011
The home purchase savings loan can be used to carry out one of the following operations:
- Purchase of your main residence (new or old)
- Construction of your main residence (purchase of land and construction work)
- Work to extend, repair, or improve your main residence (elevation, energy saving, facade renovation of a condominium building...)
- Purchase of shares of Real Estate Investment business (REIT)
- Construction or purchase of a second home (in the new)
- Renovation or extension of a second home
- Purchase of a leisure or tourist residence
The property concerned may be located in metropolitan France, Guadeloupe, French Guiana, Reunion, Martinique, Mayotte.
Warning
The bank may demand immediate repayment of the loan if you ultimately use it to finance a transaction that is not part of the operations prescribed by the regulations.
Please note
The bank may demand immediate repayment of the loan if you ultimately use it to finance a transaction that is not part of the operations prescribed by the regulations.
The following two conditions must be met:
Having an ELP at term
You must hold a housing savings plan (PEL) when it has expired, i.e. an ELP that has reached the end of its contractual term.
The contractual duration of the ELP is 4 years, so the plan comes to an end at the end of the 4e year.
But this contractual term may be modified by mutual agreement between the bank and you, in periods of one year:
- If the contractual duration of the ELP is reduced by one year, the plan will expire at the end of the 3e year.
- If the contractual term of the plan is extended by one year, the plan will expire at the end of 5e year. The one-year extension can be done several times in a row, up to a total duration of 10 years. Thus, in the case of successive extensions, the ELP can therefore be completed after 5, 6, 7, 8, 9, or 10 years.
Have loan rights
The amount of the loan that will be granted to you is calculated from the total amount of interest you earned on the ELP on the date of the last anniversary of the plan.
These interests constitute your loan entitlements.
If a loved one has an ELP, they can assign its rights to a loan. This can allow you to get a loan if you don't have loan entitlements or get a loan in an amount greater than the amount to which you are entitled.
To be able to use the loan entitlements of a loved one, it is necessary that your ELP and that of your loved one have come to an end.
They are:
- Your spouse
- Your children or your spouse's children
- Your grandchildren or your spouse's grandchildren
- Your parents or your spouse's parents
- Your grandparents or your spouse's grandparents
- Your siblings and their spouses or your spouse's siblings
- Your nephews and nieces or your spouse's nephews and nieces
- Your uncles and aunts or your spouse's uncles and aunts
Apply for a loan
If you hold an ELP that has expired, and you have loan entitlements (generated by your plan or received from your loved ones), you can apply for the home savings loan. In principle, you should apply for the loan at the bank where you have your ELP. But you can choose to ask another bank.
If the two ELPs are not domiciled in the same bank, the loan must be granted by the bank where the ELP with the highest amount of interest earned is domiciled.
In any case, before granting you the loan, the bank may require the usual elements required for the granting of mortgages:
- Proof of sufficient resources to repay the loan
- Warranty (bank guarantee or mortgage agreement or special legal mortgage of the lender of money)
- Borrower insurance.
But the bank cannot require you to place your income in its institution.
The interest rate on the loan is 4.20%.
The term of the loan must be understood between 2 and 15 years old.
The amount of a home savings loan is €92,000 maximum.
FYI
If you have an ELP and a CEL open in the same bank, you can obtain from that bank a loan from your PEL and a ready from your CEL. But the total amount of the 2 loans can not exceed €92,000.
The amount of your home savings loan is calculated based on the following determinants:
Determinants | Values to consider |
|---|---|
Amount of the home savings loan | €92,000 maximum |
Duration of the home savings loan | From 2 years minimum to 15 years maximum |
Loan entitlements | Total interest accrued on the ELP (net of State premium, if added to interest) |
Home Savings Loan Rate | It varies according to the opening date of the ELP |
The calculation is done in 2 steps :
1. Calculation of the total amount of interest on the loan to be repaid
The bank calculates the total amount of interest you will have to pay to repay the home savings loan.
This amount is obtained by multiplying your loan entitlements by a coefficient fixed at 2.5 (or 1.5 if you buy shares of SCPI).
Example :
For loan entitlements of €500 and a borrowing rate of 3.2%.
The total interest payable on the home purchase savings loan is €500 x 2.5 = €1,250
FYI
You can ask the bank for a statement that shows your loan entitlements.
2. Calculation of the loan amount
The bank calculates the loan amounts whose repayment, simulated on the basis of the legal rate of the home savings loan, corresponds to your total interest payable.
This operation makes it possible to identify several amounts that vary according to the repayment period of the home savings loan.
The shorter the repayment term, the higher the loan amount. The longer the repayment period, the lower the loan amount.
Banks usually have automatic calculators that generate a table with loan amounts and corresponding repayment periods.
In agreement with the bank, you choose the amount and corresponding loan term that best suits you.
A government bonus is paid to you when you use your ELP to obtain a home savings loan.
The amount of the premium is calculated on the basis of the interest earned on the ELP.
It is equal to 40% interest earned, without being able to exceed €1,525.
FYI
The State premium is exempt from income tax, but it is taxable for social security contributions.
It is possible to repay the loan earlyin whole or in part.
If you want to make an early repayment, you must report it to your bank.
Who can help me?
Find who can answer your questions in your region
In case of PEL and CEL cumulation: R315-11
Allocation of the loan
Withdrawal of savings funds and premiums
Borrowing rate: Article 2
Repair and improvement work
Service Public
Finance for all
Finance for all
Business for the management of financing and the guarantee of social home ownership (SGFGAS)
