Compte d’Epargne Logement (CEL)

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Regulated savings product that allows the holder to obtain a loan, at the end of a minimum savings period, to finance expenses related to purchasing a primary residence or, under certain conditions, homes which have another purpose.

The amount of the home savings loan is based on the savings amount and term. The interest rate of the loan is set by the public authorities. The money earned on a CEL consists of an interest rate and a government premium, which is paid only if a loan is granted.

The funds deposited into a CEL are available at any time. 


Source: Banque de France