In the already very large family of aid for the energy renovation of housing, a newcomer has recently been added to the catalog: the renovation advance loan.

Its objective: to allow households that do not necessarily have the means to undertake major work without having to bear expensive monthly loan payments.

We tell you everything...

Borrow now, repay later

Financing your energy renovation project through a specific credit has long been possible thanks to the zero-rate eco-loan, known as eco-PTZ.

Why then create a second competing product?

The answer is in a few words: deferred repayment.

Indeed, if the eco-PTZ allows you to obtain up to 50,000 € without interest, you must still be able to assume the monthly payments of this loan each month.

The new renovation advance loan then offers an interesting alternative since the amount granted will only have to be repaid during the subsequent sale of the property or its transmission within the framework of an inheritance, without any maximum period being imposed.

Nevertheless, lending institutions are not philanthropic for all that!

Indeed, in return for this deferred repayment, this loan is accompanied by a mortgage on the accommodation concerned.

The state as guarantor

It was the Climate and Resilience Law of August 22, 2021 that made the creation of this new financial product possible, drawing inspiration from the old transfer advance loan, set up a few years ago but little used due to guarantees deemed insufficient by credit institutions.

To avoid the same pitfall, the legislator has therefore this time put in place several security locks.

In addition to the mortgage applied to the home, the State thus undertakes to guarantee 75% of the amount of the loan, in order to offset any eventuality of loss in value on the property during its subsequent sale.

Indeed, if carrying out major energy renovation work can only increase the value of the home, no one knows what the state of the market will be ten, fifteen or twenty years later, when the household decides to part with it. or that it will be passed on as part of the estate.

If the price of the transfer does not make it possible to fully repay the credit, it is therefore the State which will cover the difference.

Restrictive access conditions

Given its conditions, the renovation advance loan is unsurprisingly reserved for a specific audience.

Indeed, this financial product is intended for owners with modest incomes who occupy thermal sieves and who are often excluded from conventional bank loans.

It is thus a new weapon in the renovation of housing classified F or G, thanks to the financing of insulation and heating work.

In terms of resources, a single person must have a reference tax income of less than €19,565 (€25,714 in Île-de-France), compared to a ceiling of €28,614 for a couple (€37,739 in Île-de-France) and €40,201 € for a four-person household (€52,925 in Île-de-France).

OUR "house" file

The amount granted and the interest rate applied are on the other hand left to the free choice of the partner banking establishments.

Be aware, however, that Crédit Mutuel and the Postal Bank already market this renovation advance loan at a rate of 2% and up to €30,000.

The conditions vary according to the age of the borrower and the estimated value of the property.

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Focus: have a long-term vision

The new renovation advance loan can obviously be combined with other work aid such as MaPrimeRénov, premiums for energy saving certificates, local subsidies and even the zero-rate eco-loan since the objective is to have nothing to pay at the time of construction.

Nevertheless, before signing the bank's offer, think carefully about the consequences of your decision!

If you do not pay now, the amount of the loan will indeed be withdrawn later.

In fact, it will therefore reduce the amount pocketed during the sale by the same amount, which should not be forgotten in the calculation of a new real estate purchase, or will reduce your inheritance in the event of a succession.

To the extent of your means, it is also much wiser to postpone only the repayment of the capital and to pay the interest payment each month (we speak of partial deferral).

If, on the contrary, you delay both (total deferral), they will accumulate to the point of considerably increasing the final amount to be paid during the sale!

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