Home energy efficiency renovation loan
Borrow against your home to improve the energy efficiency of an existing private, twin or row house.
Tato příležitost je nyní dostupná v angličtině.
Finance insulation, ventilation that recovers heat from outgoing air, more efficient windows or doors, heating controls, and other energy-saving measures such as solar panels or LED lighting.
You repay the loan in monthly instalments over up to 30 years. There is no down payment because your property secures the loan, but borrowing cannot exceed 85% of the property’s value or price, whichever is lower.
You pay interest, bank fees, and costs for the notary, property valuation and mortgage registration. The administration fee is 0.4% of the loan amount, with a €180 minimum. If you are replacing an existing loan through the simplified refinancing procedure under Lithuania’s Real Estate Credit Law, this fee is waived.
Eligibility
- The renovation must improve an existing private house, including a twin or row house.
- Your monthly income after tax must be at least €900 if you apply alone, or €1,100 with a co-borrower. Swedbank assesses your finances before deciding on the loan.
- The loan requires a mortgage on real estate acceptable to Swedbank. You must insure the mortgaged property. Failure to repay can put ownership of that property at risk.
- After completing the work, provide evidence that the credit was used for its agreed purpose, such as invoices, a post-work valuation report or photos confirming completion. Using the loan for another purpose allows Swedbank to increase the interest rate to an individually agreed margin.
How to apply
- Stav
- Průběžně otevřené
Apply through Swedbank’s Internet Banking site to arrange a consultation about your renovation plans and costs. After the consultation, obtain an independent property valuation and a cost estimate. Swedbank then makes its loan decision.
If approved, sign the loan agreement through Internet Banking and arrange or review your home insurance. Swedbank disburses the loan after the notarial transaction. Submit proof of the completed work after finishing the renovation.