- Home
- Guides to France
- Money, Finance & Taxation
- Mortgages
- Residents of Paris
Finance & Taxation
Mortgages in France
- 1. Top Tips
- 2. Remortgage or Euro Mortgage?
- 3. Types of Mortgage Credit
- 4. Mortgage Lenders
- 5. Types of Home Loans
- 6. Home Equity Release
- 7. Eligibility Criteria
- 8. Applying For a Mortgage
- 9. Mortgage Insurance Protection
- 10. Getting a Mortgage Offer
- 11. First-Time Buyer Mortgages
- 12. Mortgages for Residents of Paris
- 13. Mortgage Repayment Difficulties
Guides to France
Property in France
- Buying property in France
- Buying off-plan in France
- French property auctions
- SCI Ownership
- French property rights
- Renting property in France
- Selling property in France
Building & Renovation
- Building a house in France
- French planning system
- Property renovation in France
- French property rights
- French Mobile Homes
Work & Business
Money & Taxation
- Banking in France
- French mortgages
- Currency Exchange
- Taxes in France
- French inheritance
- French home insurance
Living in France
Useful Links
AdvertiseNetwork Sites
Helpful Links
News
Services
- French Health Insurance
- French Home Insurance
- Inheritance Tax & Law Consultancy
- French Planning
- Transfer Money to France
- Metric Unit Conversion
If you require advice and assistance with the purchase of French property and moving to France, then take a look at the France Insider Property Clinic.
12. French Mortgages for Residents of Paris
12.1. Purpose of Loan
The Prêt Paris logement 0% is an interest free loan from the Paris City Council towards the purchase of a main residence in the city.
Some other large cities in France also offer a similar interest free loan, about which you would need to make enquiries to the mairie.
12.2. Maximum Amount of Loan
The maximum amount of the loan is €24,200 for a single person and €39,600 for two or more persons (2023). The repayment period is 15 years.
This loan can be used in conjunction with the national interest free mortgage, outlined in section 7.2.
12.3. Eligible applicants
The following persons are eligible, on a means tested basis.
- Households who currently have their main home in the city, and have done so for at least a year at the time of their application, not having ownership of a property during at least the last two years;
- Disabled persons buying an adapted property. The requirement to have lived in Paris for the past year does not apply, although applicants must not previously have been a home-owner over the past three years.
- Police officers, firemen or those working in a hospital. Once again, there is no requirement to have had their main home in Paris for the past year, although applicants must not previously have been a home-owner over the past three years.
- Those who have no more than a 10% deposit towards the purchase of their home.
12.4. Income Thresholds
There are also upper income limits for eligibility, although these are quite generous.
As is normally the case it is important to note that the definition of ‘income’ for the purposes of this loan is the revenue fiscal de reference on the income tax notice from the tax authority. This is your net income after deductions and allowances.
12.5. Application
Visit a bank, most of whom have signed a partnership agreement with the Council.
The Guides to France are published for general information only.
Please visit our Disclaimer for full details.
-
Rural Property of 15 Hectares in Bayons (Upper Sasse Valley)2Alpes-de-Haute-Provence (04)
€490,000
-
Lovely Home with Annex (Gite / Holiday Home Potential) in a Calm Village in the Foothills of the Pyrenees2Pyrénées-Orientales (66)
€85,000
-
1st Floor Appartment in Fully Renovated Modernist Art-Deco Building, Dated 1928, in the Heart of Thonon-Les-Bains1Haute-Savoie (74)
€320,000