Green mortgage

Borrow from Aargauische Kantonalbank (AKB) to finance an energy-efficient new building. The mortgage has a lower interest rate than AKB’s conventional fixed mortgages, with a term of two to ten years and no product minimum or maximum amount.

AKB quotes the current interest rate individually and fixes it when the mortgage is definitively agreed. Interest is payable at quarter end or maturity. Repayment arrangements are set out in the mortgage contract. For financing your own home, AKB also offers repayment arrangements through a pillar 3a pension account or pension insurance policy. An ordinary termination is possible at the end of the term; ending the mortgage early incurs an early-termination premium.

Setting up a new mortgage is free. For an existing mortgage, increases, release of pledged security and contract changes cost CHF 250; extension or a product change costs CHF 100. If you do not take up the contract, or no loan money is paid out within 12 months after signing, the charge is 0.25% of the loan amount, at least CHF 1,000. Refinancing with another lender or full repayment costs CHF 250 per framework credit agreement. Payment reminders cost CHF 50 from the second reminder. Administration and external charges cost CHF 50 per event or mortgage security instrument; converting a paper mortgage security instrument into a register instrument costs CHF 150 per instrument.