Published on 12/19/2024 at 11:00 a.m.
With a PEL, you can benefit, after a savings phase of at least 4 years, from a loan for a maximum amount of €92,000 over a period of up to 15 years.
Housing Savings Plans (PEL) opened from January 1, 2025 will see their gross remuneration rate drop to 1.75% compared to 2.25% for the current generation which can still be opened until January 31. December 2024. With interest imposed at 30% (except option for the tax scale + social security contributions), this will leave only 1.225% net.
From a savings point of view, there will therefore be no advantage in opening a PEL in 2025 knowing that many other supports will remain better paid, starting with regulated savings accounts (Livret A, LDDS and LEP) despite the expected drop in their rate, but also the bank accounts, the best of which still serve 2.75% gross (1.92% net).
A home savings loan rate of 2.95%
But the PEL version 2025 becomes more attractive again for its primary purpose which is to complete the financing of a real estate purchase or works thanks to a loan at a regulatory rate. For new PELs opened in 2025, this home savings loan rate will be adjusted from 3.45% for the current generation to 2.95%.
€92,000 maximum over 15 years
With a PEL, you can benefit, after a savings phase of at least 4 years, from a loan for a maximum amount of €92,000 over a period of up to 15 years. The amount of this home savings loan is calculated based on the interest acquired during the savings phase. It is therefore proportional to the funds saved. This loan can be used to finance the purchase or construction of housing but also work.
A barely competitive rate currently
Over this period of 15 years, banks currently offer borrowing rates ranging from 3% for the best profiles to around 3.30%. This rate of 2.95% is therefore barely competitive today but it could become so tomorrow because it has the advantage of being fixed over the duration of the PEL. For those who have a medium-term real estate project, this could be an option to protect themselves from a possible increase in real estate rates. But is it worth it to immobilize very poorly paid savings knowing that you have to regularly fund your PEL or make a significant initial contribution to obtain sufficient loan rights? We don’t think so.
