French mortgage rates for April 2021

Newly published Usury Rates (aka “Taux d’Usure” in French) have decreased for the second quarter of 2021.

A lower usury rate is not necessarily good news for profiles considered “at risk” by banks when purchasing a property in France.

Implemented to protect borrowers, the usury rate is a maximum annual percentage rate (APR) above which it is prohibited for an establishment to lend money. The “Banque de France” calculates the rate by collecting average effective rates charged by lenders increased by one third. Published quarterly, the usury rate also varies according to the type of loan (consumer credit, mortgages, revolving credit, etc.), amount borrowed and duration.

For the most common loans (Duration of 10 years and less than 20 years), the current usury rate is 2.52% (2.57% previously).

Our dedicated team of brokers can determine your mortgage capacity and review the efficiency of your financing to ensure you are receiving the right mortgage solution for your purchase in France.

Current mortgage rates for April 2021

Fixed rate(1)  Term Monthly repayment

for 10 000€ borrowed

1.10% 10 years / 120 months 88.04€
1.20% 15 years / 180 months 60.73€
1.40% 20 years / 240 months 47.80€
2.15% 25 years / 300 months 43.12€

(1) The indicated rates are given for information purposes and are based on the latest bank rates of one or more of our partners. The rates in the table above do not include the ancillary cost as notary fees, guarantees, insurance and intermediation.

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With no commitment on your part, submit your detailed request in order to obtain the best financial solution for your project. Our French mortgage specialists will contact you within 24 hours.