Free credit and consumer credits
When the duration of the credit is more than 3 months, the free credit is subject to regulation on consumer credit (delivery of a loan agreement, withdrawal period of 14 days…). The advertisement of a free credit offer must indicate the person (seller, credit institution, etc.) who bears the cost of the credit granted free of charge.
Payments up to “3 times without fees” are payment facilities that are not subject to the provisions of the Consumer Code.
The PTZ – Zero rate loan for a real estate purchase
The PTZ is a 0% real estate loan and no application fee. The state bears the interest. This loan is intended for low-income households to finance the purchase or construction of real estate property for the principal residence. It is granted under means conditions. The PTZ can not finance the entire real estate acquisition (up to 40% of the property). It is a complementary loan, which must be associated with a classic home loan, a home savings loan…
The eco-PTZ – zero interest loan to finance the energy saving work of old housing
This state-assisted 0% loan is intended for homeowners carrying out insulation and thermal renovation work on their dwelling (whether they live or rent), provided that this dwelling is a principal residence and that it is be more than two years old at the start of the works. The eco-PTZ is distributed by the banks having signed an agreement with the State.
The license to 1 USD per day
It is a zero-interest loan, intended for young people aged 15 to 25 to finance the obtaining of a driving license, the interests being borne by the State. To benefit from this assisted loan, you must contact a driving school and a bank that are partners in the operation. Only one loan can be allocated to the same beneficiary. This loan must comply with the rules of the Consumer Code (withdrawal period of 14 days…).
Loans between individuals
The loan of money with family or friends must respect certain rules, to protect themselves from possible conflicts and for fiscal reasons. It is preferable to draw up a loan agreement or an acknowledgment of debts, which mentions the loaned amount (in figures and in letters), the expected repayment date, the monthly payments, the absence of interest… For loans over 760 $, it is necessary to declare the loan agreement with the tax authorities.
Interest-free loans from CAF
The Family Allowance Funds offer financial assistance in the form of zero-interest loans, to buy a used car, to buy basic equipment for housing, or to adapt a home to a disability… Aids and loans vary from one fund to another.