How will your age affect the mortgage duration and rate?
Each French bank has an age limit and you will normally need to repay your mortgage by age 75.
Although a very few French lenders will accept repayment by age 80, the Annual Percentage Rate (APR) will be significantly higher with the additional senior premium for the mortgage life insurance.
While limiting the maximum duration of a mortgage has no direct impact on lending rates, it is affecting the amount you can borrow.
The shorter the term the higher the monthly repayment and the mortgage amount is determined by limiting the borrower’s debt to income ratio (DTI) to one third (33%).
You also need to keep in mind that, as you approach retirement age, French banks will also adjust your earnings on a sliding scale to reflect the level of income you will receive from your pension.
Our dedicated team of brokers can help you maximize your current borrowing capacity and review together the efficiency of your financing solution(s) over time.
Current mortgage rates for July 2021
|Fixed rate(1)||Term||Monthly repayment
for 10 000€ borrowed
|1.25%||10 years / 120 months||88.69€|
|1.30%||15 years / 180 months||61.18€|
|1.60%||20 years / 240 months||48.72€|
|2.05%||25 years / 300 months||42.63€|
(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.