Home Ownership Savings Plan
The Home Ownership Savings Plan (Plan Épargne Logement or PEL) is a fixed-term savings contract that will allow you to save over the medium term and Home Ownership Savings Plan Loan (PEL loan) to finance home improvement, purchase or construction.
1%(1) grossInterest guaranteed
From the first deposit you make into your PEL, your money will earn you 1% gross per year (excluding social security contributions). The deposit limit is €61,200.
(1) Rate in effect as of 2016-08-01, excl. social security contributions.
Income taxAfter 12 years
PEL interest is subject to income tax only after 12 years.
SAVE REGULARLYat your own pace
Schedule monthly, quarterly or biannual deposits into your PEL, at a minimum of €540 per year.
A favorable rateguaranteed
A guaranteed rate of 2.70% excluding insurance for a loan of up to €92,000.
€1,525 limitSee green
The government premium limit can be raised to €1,525 if you invest in a low-energy home or ecological amenities.
PEL + CEL (Home Ownership Savings Account): the winning combination for your home!
Detailed characteristics of the
Home Ownership Savings Plan (PEL)
Download the pdf
Any private individual (including minors, protected adults and non-residents) who does not currently hold a PEL can sign up for a PEL (or do so via their legal representative). Only one PEL may be opened per person.
The amount of interest paid for a PEL is guaranteed for the entire duration of the plan. The interest rate is 1%, in addition to a government premium of 1%. The maximum premium amount is €1,000, deposited upon obtaining a PEL Loan of at least €5,000 on your main residence. The government premium amount can be raised to €1,525 if you invest in a low-energy home or ecological amenities.
The PEL limit is €61,200.
There is no minimum withdrawal on the PEL; any withdrawal will close the account.
You can sign up for this fixed-term savings contract for a minimum of 4 years, which can be extended up to 10 years maximum. After 10 years, you may no longer make any deposits.
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