1% housing loan: How and to whom is it attributed?

The 1% housing loan is awarded to any employee who requests it by the employer of an enterprise of more than ten employees. Indeed, each employer shall allocate a sum of money equal to 0.45% of payroll to promote access to housing for its employees. In 1953, when the loan was created, this amount should be equal to 1% of payroll, hence its name.

The 1% housing Is there a cap?
Yes, the 1% housing loan is capped by region.
For the Ile de France: € 17,600
For cities with more than 100 000 inhabitants: € 14,400
For the rest of France: € 11,200

You can benefit from increases ranging from € 1600 to € 4800 in limited circumstances:
-You are first time buyer.
-You have at least three dependents.
-You are forced to move for professional reasons.

What are the advantages of the 1% housing loan?
First, interest rates are very low. If granted by the employer, the rate of 1% housing loan can not exceed 3%. If granted by the collecting agency, the rate is fixed at 1.5%, excluding insurance.
Then the loan, which can vary from 5 to 15 years with monthly payments or progressive.

What you should know the importance of 1% housing loan.
The 1% housing loan may be the principal loan. As against it may be considered by the bank as a personal contribution.
You can benefit from more housing loans at 1%, for different needs.
The 1% housing loan can be used for your spouse, ascendants, descendants or even your parents or children of your spouse.
The 1% housing loan can be anticipated in a loss.
The 1% housing loan can be used to obtain locations for employees to great rates.

In all cases, to obtain a 1% housing loan, check with your employer if you are an employee in a company with more than 10 employees, or to the collecting body.