Energy renovation loan
A secured loan for households with a home address in Finland to improve a detached or semi-detached home, with a lower margin for qualifying energy renovations.
Denne finansieringsmulighed er i øjeblikket beskrevet på engelsk.
You can finance heating-system changes such as switching from oil to geothermal heating; more energy-efficient windows and doors; exterior-wall insulation; solar panels and installation; a roof renovation that adds roof insulation; or heat or electricity storage units and related equipment.
You repay the loan with interest over 1–20 years. The minimum loan is EUR 15,000. Interest consists of 12-month Euribor plus a customer-specific margin: the part of the interest that Nordea adds to the reference rate. The monthly agreement fee is EUR 6. Collateral also brings registration and administration costs.
For a new qualifying loan, Nordea offers a margin at least 0.5 percentage points below a normal renovation loan. This comparison uses customer-specific average margins on secured renovation loans and excludes the reference rate and other loan costs. Nordea prices each loan individually.
Eligibility
- You must do most of your banking with Nordea, have regular income, a Finnish personal identity number and a home address in Finland, and have no payment-default record.
- You must provide an asset as collateral, such as a home, other property or an investment. Nordea assesses whether it is acceptable; a car cannot serve as collateral.
- The lower margin applies to new loans for the listed work in detached or semi-detached houses. Nordea checks the renovation purpose and makes a credit decision before granting the loan.
- You can apply jointly. A co-applicant may join before becoming a Nordea customer, but must become a customer before the loan is granted. Entrepreneurs with varying income can apply; Nordea verifies income using financial statements or other relevant documents.
- The person pledging property must maintain insurance covering its full value and pay the premiums. Mortgaged real estate must be insured at least against fire. If debt remains unpaid when due, Nordea may use the collateral or sale proceeds to settle it.
How to apply
- Status
- Løbende ansøgning
Apply in Nordea Mobile or Netbank: open Services, choose Loans, then Secured consumer credit. Nordea contacts you to arrange a meeting about the loan; a joint applicant also attends. After the meeting, Nordea sends a written loan offer that you can accept online.
For a larger renovation, Nordea requests a cost estimate or contractor’s quote when processing your application.
Unless separately agreed in writing or another permanent form, draw the loan in full within six months after signing the credit agreement, or your right to draw it expires.