France PEL Calculator: Plan d'Épargne Logement Growth
Estimate what a French PEL (plan d'épargne logement) grows to — from an opening balance plus regular monthly payments at its fixed, guaranteed rate — France's regulated home-savings plan that also opens rights to a property loan.
Adjust the inputs and select Calculate for a full breakdown.
Year-by-year growth schedule
Compare Common Scenarios
How the numbers shift across typical situations for this calculator:
| Scenario | Future value | Total contributions | Total interest earned |
|---|---|---|---|
| €5k + €200/mo · 2% · 10yr | $32,649.93 | $29,000.00 | $3,649.93 |
| €0 + €100/mo · 2% · 4yr | $4,992.90 | $4,800.00 | $192.90 |
| €10k + €300/mo · 2.25% · 8yr | $43,492.65 | $38,800.00 | $4,692.65 |
| €2k + €150/mo · 1.75% · 12yr | $26,483.03 | $23,600.00 | $2,883.03 |
How This Calculator Works
Enter your opening balance, monthly payment, the PEL's fixed rate, and the years held. The calculator compounds the balance monthly and shows the projected value and the interest earned. A PEL pays a rate fixed for the life of the plan (set at opening by the government) and is designed for saving towards a home, with a minimum holding period to keep its benefits.
The Formula
Future Value with Regular Contributions
P = starting amount, PMT = monthly contribution, r = monthly rate (annual ÷ 12), n = number of months
Worked Example
A €5,000 opening balance plus €200 a month for 10 years at 2% grows to about €32,649.93 — roughly €3,649.93 of interest. The PEL is a regulated savings plan: you commit to regular payments, the rate is locked when you open it, and after a minimum term (currently 4 years) you keep the interest and may obtain a home loan at a related fixed rate. It has a compulsory minimum annual payment and a balance ceiling (€61,200 excluding capitalised interest).
Key Insight
The PEL is a cornerstone of regulated French saving, and its rules shape whether it suits you. Its defining feature is the fixed, guaranteed rate set at opening for the entire life of the plan — unlike the Livret A, whose rate floats — so a PEL opened in a high-rate period stays attractive, while one opened in a low-rate period is locked low. In exchange you commit to a minimum payment schedule (recently €540/year) and accept a ceiling on payments (€61,200 excluding capitalised interest). The plan is built for property: holding it for the minimum period (currently 4 years) preserves the interest, and the PEL confers rights to a home loan at a fixed rate tied to the savings rate, plus in some cases a state bonus (prime d'État) for older plans — though the loan rights matter less when market mortgage rates are below the PEL loan rate. Tax is the key modern caveat this estimate omits: PELs opened since 2018 have their interest subject to the flat tax (prélèvement forfaitaire unique, 30% including social contributions) from the first year, and even older plans face social contributions (17.2%) and, after 12 years, income tax — so the net return is below the headline rate. The plan can be funded for up to 10 years and held up to 15; withdrawing before 4 years forfeits advantages and can reduce the rate. This calculator gives a gross, constant-rate projection of the savings balance; for your real outcome, subtract the applicable tax and social contributions on the interest, respect the minimum payments and ceiling, and weigh the guaranteed rate against alternatives like the Livret A or market investments.
PEL structure + 2024 conditions
STRUCTURE PEL ouvert depuis Jan 2024.
Substantial — substantial taux 2.25%.
Substantial — substantial inférieur Livret A (3%).
Substantial — substantial substantial substantial substantial.
DURÉE.
Substantial — substantial 4 ans minimum.
Substantial — substantial 10 ans maximum versements.
Substantial — substantial après 10 ans plus de versements mais intérêts continuent jusqu'à 15 ans.
VERSEMENTS substantial.
Versement initial. €225 minimum.
Versements réguliers. €45 mensuel minimum / €270 trimestriel / €540 annuel.
Plafond. €61,200 (hors intérêts).
Substantial — substantial intérêts substantial peuvent dépasser.
PRÊT LOGEMENT.
Substantial — substantial principal avantage PEL.
Substantial — substantial taux 3.45% (taux PEL + 1.2% pour PEL 2024).
Substantial — substantial montant max €92,000.
Substantial — substantial durée 2-15 ans.
Substantial — substantial substantial substantial.
Substantial — substantial calculé selon intérêts acquis × facteur.
Substantial — substantial substantial 2.5× intérêts acquis × 1.5 typical.
TAXATION PEL post-2018.
Substantial — substantial PFU 30% sur intérêts dès première année.
Substantial — substantial 12.8% IR + 17.2% PS.
Substantial — substantial flat tax.
Substantial — substantial vs PEL pré-2018 12 ans exonéré.
Substantial — substantial substantial substantial substantial.
PRIME D'ÉTAT.
Substantial — substantial supprimée pour PEL post-2018.
Substantial — substantial PEL antérieurs encore éligibles.
Substantial — substantial substantial substantial.
FERMETURE anticipée.
Substantial — substantial avant 4 ans substantial.
Substantial — substantial perte droit au prêt.
Substantial — substantial requalification en CEL substantial.
Substantial — substantial substantial substantial substantial.
Substantial — substantial avant 2 ans perte intérêts entiers.
PEL anciens + stratégie comparative
PEL HISTORIQUES (encore en cours).
PEL août 2003 - août 2003. 4.5% gross.
PEL 2003-2015. 2.5-2.75%.
PEL 2016-2017. 1-1.5%.
PEL 2018-mid 2023. 1%.
PEL 2024+. 2.25%.
Substantial — substantial PEL anciens substantial avantageux.
Substantial — substantial substantial substantial substantial.
Substantial — substantial vieux PEL substantial maintenir si possible.
PRÊT LOGEMENT calculation.
Substantial — substantial intérêts acquis × coefficient × durée.
Substantial — substantial 2-15 ans.
Substantial — substantial taux fixe garantie.
Substantial — substantial substantial substantial substantial 2024.
Substantial — substantial 3.45% PEL 2024 substantial moins compétitif que marché.
Substantial — substantial taux marché 4-4.5% 2024.
Substantial — substantial substantial substantial.
STRATÉGIE PEL substantial.
Substantial — substantial épargne forcée régulière.
Substantial — substantial taux garanti longterme.
Substantial — substantial substantial planification projet immobilier.
Substantial — substantial substantial liquidity 4 ans+.
vs ALTERNATIVES.
Livret A. Substantial — substantial 3% liquide totalement.
Substantial — substantial pas de prêt mais tax-free.
Substantial — substantial substantial préférable pour épargne.
Assurance-vie. Substantial — substantial fonds € 2-3.5% + UC.
Substantial — substantial fiscalité avantageuse 8 ans.
Substantial — substantial substantial substantial flexibility.
PEA. Substantial — substantial actions long-term.
Substantial — substantial substantial substantial fiscalité avantageuse 5 ans.
Substantial — substantial substantial substantial risque marché.
QUAND PEL substantial.
(1) Substantial — substantial vrai projet immobilier 4-10 ans.
(2) Substantial — substantial vouloir taux fixe garantie.
(3) Substantial — substantial épargne forcée discipline.
(4) Substantial — substantial substantial substantial substantial.
Substantial — substantial substantial substantial substantial preferred.
QUAND NON.
(1) Substantial — substantial besoin liquidity court terme.
(2) Substantial — substantial inflation > taux PEL substantial perte réelle.
(3) Substantial — substantial PFU 30% substantial substantial substantial reduction yields.
(4) Substantial — substantial pas projet immo substantial mieux Livret A + assurance-vie.
TIPS substantial.
(1) PEL substantial éviter retraits.
(2) Versements automatiques mensuels.
(3) Substantial — substantial cumul avec CEL substantial.
(4) Substantial — substantial transmission héritage substantial.
France PEL conditions (2024)
Reference PEL terms + comparison.
| Item | Detail |
|---|---|
| Taux PEL ouvert 2024 | 2.25% |
| Versement initial min | €225 |
| Versement annuel min | €540 |
| Plafond versements | €61,200 |
| Durée min versements | 4 ans |
| Durée max versements | 10 ans |
| Taux prêt PEL 2024 | 3.45% |
| Montant prêt max | €92,000 |
| Durée prêt | 2-15 ans |
| Taxation post-2018 | PFU 30% |
| Prime d'État (post-2018) | Supprimée |
| Inflation 2024 | ~2.5% |
PEL 2024 taux 2.25% (inférieur à Livret A 3%). Taxation PFU 30% pour PEL post-2018 (vs 12 ans exonéré pré-2018). Prime d'État supprimée. Prêt PEL 3.45% taux 2024 substantial moins compétitif vs marché 4-4.5%. PEL substantial only si vrai projet immobilier + discipline épargne. Service Public + Banque de France data.
Frequently Asked Questions
How is PEL growth calculated?
Your opening balance and monthly payments compound at the fixed PEL rate (annual rate ÷ 12 per month). €5,000 plus €200/month for 10 years at 2% grows to about €32,649.93, with roughly €3,649.93 of interest — before tax and social contributions.
What is a PEL?
The plan d'épargne logement — a regulated French savings plan with a rate fixed for the life of the plan, designed for saving towards a home. You commit to regular minimum payments, and after a minimum holding period you keep the interest and gain rights to a property loan at a related fixed rate.
Is the PEL rate fixed?
Yes — unlike the Livret A (whose rate floats), the PEL rate is set by the government when you open the plan and guaranteed for its whole life. A PEL opened in a high-rate period stays attractive; one opened when rates are low is locked at that lower rate.
Is PEL interest taxed?
Yes. PELs opened since 2018 have interest subject to the 30% flat tax (PFU, including social contributions) from year one. Older plans face 17.2% social contributions and, after 12 years, income tax. So the net return is lower than the headline rate this calculator shows.
How long must I keep a PEL?
At least 4 years to keep its advantages; withdrawing earlier forfeits benefits and can reduce the rate. You can pay into a PEL for up to 10 years and hold it up to 15. There's a compulsory minimum annual payment and a ceiling on total payments (€61,200 excluding capitalised interest).
When is this calculator unreliable?
Less reliable when PEL pre-2018 different taxation (12 yrs tax-free, then PFU 30%), when PEL pre-2011 substantial different rates + prime d'État éligible, when prêt logement amount depends on intérêts acquis + factor (substantial — 2.5× intérêts × 1.5 typical formula), when prêt rate locked at PEL opening (substantial if PEL ancien favorable rate), when State prime d'État éliminée 2018 for new PELs, or when closing during PEL substantial perte avantages (before 4 yrs perte droit prêt; before 2 yrs perte intérêts entiers).
References & Authoritative Sources
- Banque de France — Plan d'Épargne Logement · consulted June 1, 2026 · French central bank
- Service-Public.fr — PEL — Particuliers · consulted June 1, 2026 · French administration
- Crédit Agricole / BNP / LCL — Banques distributrices PEL · consulted June 1, 2026 · Banks offering PEL
Related Calculators
Methodology & Review
France PEL (Plan d'Épargne Logement) = versements × (1 + taux)^n. Calculator returns balance + prêt epargne logement. Taux 2024: 2.25% (depuis janvier 2024) for new PELs; taxation PFU 30% (12.8% IR + 17.2% PS) since 2018. Plafond €61,200. Min versement €540/yr. Substantial real estate financing tool + savings vehicle. RELIABILITY: Reliable for current PEL terms. Less reliable when (a) PEL pre-2018 different taxation (12 yrs tax-free); (b) PEL pre-2011 substantial different rates + prime; (c) prêt logement amount depends on intérêts acquis + factor (substantial); (d) prêt rate locked at PEL opening; (e) State prime d'État éliminée 2018 for new PELs; (f) substantial closing during PEL (perte avantages).
Updated