Social Accession loan and loan agreement: passports for APL

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Renowned tenants, APLs can also be collected by the owners. Good news, is not it? To benefit from this, you have to borrow with a social loan (PAS) or a loan agreement (PC). Of course, we must also respect other conditions.

Even if the rates of these credits are not necessarily advantageous, the APLs are paid directly to the bank from which you have borrowed and therefore reduce your monthly payments. The amounts of aid depend on many criteria and are recalculated each year. Grant ceilings are usually quite low and so even if you have a SSP or a PC, it is not certain that you can benefit from the aid. Attention since January 2018, APL accession are maintained only for the purchase of old goods in zone 3. You can simulate it on the site of the CAF.

The Social Accession Loan (PAS)

The social housing loan is subject to the same resource ceilings as those applied for the PTZ : they depend on the number of people in the household and the geographical area. Even if this loan can finance 100% of your project, you must have a contribution covering at least the guarantee fees and the notary fees.

This loan is intended to finance the acquisition, construction and expansion, improvement or development of your principal residence. It can not therefore be used for financing a rental investment.

Many of you confuse the eligibility criteria for SSP with those for LPAs. Only the resource criteria, even if they are not of the same nature, are less restrictive for access to SSP than for access to LPAs. It is therefore possible that you have access to social loan accession but not to APL. Why choose PAS in this case?

Your financial situation always carries the risk of deteriorating, it may be wise to set up a SAP, if you are eligible, because it would allow you a possible access to the APL, in case your financial situation deteriorates . Of course, provided that you bought a property in the old one and that you lived in zone 3.

In addition to access to APLs, the PAS loan has other advantages:

  • Reduced warranty fees
  • The possibility of postponement of deadlines in case of difficulties (under conditions)
  • Access to preferential rates in certain banks (notably Crédit Foncier)

The loan agreement (PC)

Although the loan agreement has generally higher rates, although capped (see table below), it has some theoretical advantages:

  • No cap on resources (unlike SAP)
  • 110% financing (whereas SAP requires a contribution covering notary and guarantee fees)
  • Access to PLA if income does not exceed a certain amount

In practice, some difficulties come to reduce the cases where the PC appears as the most judicious choice:

  • Banks are less and less likely to lend at 110%.
  • On the other hand, if you exceed the SAP resource limits, and therefore opt for a PC in order to reach the APLs, your income is in fact far below the ceilings to benefit from it.

In reality this loan has an advantage because it is not limited (like the PAS) to the case of the principal residence. It is possible to opt for a loan agreement can finance the purchase, construction or rehabilitation of housing for rent.

Fixed rate PC Variable rate PC
Duration equal to or less than 12 years 2.60% 2.90%
Duration greater than 12 years 3.10% 2.90%
Duration greater than 15 years 3.25% 2.90%
Duration greater than 20 years 3.35% 2.90%

GOOD PLANS zaemus

People realizing a real estate project with a loan agreement can also claim a grant from Anah (National Housing Agency) for the realization of some improvement work.