The Pret Paris Logement (PPL) is an interest-free mortgage granted by the City of Paris to first-time buyers purchasing their primary residence within Paris city limits. In 2026, it provides 24,200 euros for a single person and 39,600 euros for a household of two or more, repayable over 15 years with no interest. Combinable with the state PTZ, this scheme is a financing lever that too few Parisian buyers know about.
Eligibility conditions
To qualify for the PPL, the borrower must meet four cumulative conditions. They must be a first-time buyer, meaning they have not owned their primary residence during the two years preceding the purchase. They must have been residing in Paris as their primary residence for at least one year at the time of application. The property acquired must be located within Paris city limits and serve as their primary residence.
Household income must not exceed a threshold set annually by the City of Paris. In 2026, this threshold is indexed to the PTZ thresholds for zone A bis. For a couple, the fiscal reference income from the year before last (N-2) serves as the basis for calculation.
Since the tightening of criteria, the property purchased must have an energy performance rating (DPE) of A, B or C. This condition can be met after works, provided they are completed within a set period after the purchase. In practice, this requirement eliminates a portion of unrenovated older apartments in the Parisian housing stock.
Amounts and repayment
The PPL amount is fixed and does not depend on the property price: 24,200 euros for a single person, 39,600 euros for two or more people. Repayment is made in equal monthly instalments over 15 years (180 months), with no interest or processing fees.
Unlike the PTZ, the PPL does not include a deferred repayment period. Monthly payments begin as soon as the funds are released. For a couple, this amounts to 220 euros per month for 15 years, a modest sum that is nevertheless added to the main mortgage payments.
The total amount of loans taken out for the transaction (including the PPL) must represent at least 90% of the purchase price, excluding works and notary fees. This condition means the personal deposit cannot exceed 10% of the property price for PPL beneficiaries.
Distributing banks
The PPL is not distributed directly by the City of Paris. It is channelled through banking institutions that have signed an agreement with the municipality. In 2026, the list includes most major national banks: BNP Paribas, Credit Agricole, Societe Generale, CIC, LCL, Credit Mutuel, Banque Populaire Rives de Paris, BRED, Caisse d’Epargne Ile-de-France, Banque Postale and Credit Cooperatif.
In practice, it is the buyer’s bank adviser or broker who assembles the PPL application alongside the standard mortgage. Not all institutions are equally responsive in processing these applications: some handle the PPL within the normal workflow, while others manage it through a dedicated service with longer timelines.
Combining with the PTZ
The PPL can be combined with the state’s interest-free loan. In zone A bis (Paris), the PTZ finances up to 50% of the total cost of a new-build property, within limits that can reach 180,000 euros for the lowest-income households. For existing properties, the PTZ is not available in Paris (restricted to zones B2 and C, with works requirement).
A first-time buyer couple purchasing a new-build apartment in Paris can therefore combine 39,600 euros from the PPL and over 100,000 euros from the PTZ, proportionally reducing the standard bank mortgage and the total interest paid over the repayment period.
Home Select support
Our property hunters systematically direct eligible first-time buyers toward the PPL and coordinate the financial structuring with their bank or broker. The proper combination of PPL, PTZ and standard mortgage can represent savings of several tens of thousands of euros over the full loan term.
To check your eligibility and integrate the PPL into your financing plan, contact our team.
Frequently asked questions
Can the PPL be combined with the state's interest-free loan (PTZ)?
Yes. The Pret Paris Logement and the PTZ can be combined. A first-time buyer couple could theoretically receive 39,600 euros from the PPL and over 100,000 euros from the PTZ depending on their income and the type of property purchased. This combination significantly reduces the amount of standard mortgage required.
Can you get the PPL to buy an apartment with a DPE rating of D or E?
No. Since the tightening of conditions, the property purchased with the PPL must achieve an energy rating of A, B or C, either at the time of purchase or after completing energy improvement works. This condition effectively excludes part of the older Parisian housing stock, particularly pre-1950 buildings that have not been renovated.
How long does it take to obtain the Pret Paris Logement?
The timeline depends on the bank. On average, allow four to six weeks between filing the complete application and the mortgage offer being issued. This period is in addition to the standard mortgage timeline, which is why it is advisable to plan a preliminary agreement period of at least three months in Paris.
