Apartment building energy renovation loan
Apartment-owner associations can borrow for whole-building energy renovations, with a temporary zero bank margin for projects targeting at least 30% primary energy savings.
The bank loan can finance up to 100% of renovation project costs, with repayment over up to 20 years.
For new applications submitted by 31 December 2028, projects targeting at least 30% primary energy savings qualify for a 0% bank margin plus six-month EURIBOR during the first two years. EURIBOR is the benchmark interest component, so the offer still carries interest. The later rate is agreed individually when concluding the loan agreement. Swedbank may end the special-offer acceptance period early without advance notice.
An ALTUM capital rebate may provide separate co-financing. This entry covers the repayable Swedbank loan; the rebate is separate support administered by ALTUM.
Eligibility
Apartment owners must agree on the planned work and on applying for the loan. Apartment-owner associations can open a bank account and apply for renovation finance.
At least 95% of utility bills must have been paid on time during the previous 12 months. The loan is secured by the owners’ timely monthly property-management payments and requires cash collateral equal to two to three monthly loan payments. Owners do not need to mortgage their apartments or provide personal guarantees.
How to apply
- Status
- Open continuously
- Round restrictions
- Special pricing applies to new applications submitted by 31 December 2028 for projects targeting at least 30% primary energy savings. Swedbank may shorten the acceptance period without advance notice.[^c6][^c9][^c10]
Agree on the work with the apartment owners, determine its cost, then request a consultation with Swedbank through the official renovation page before preparing the documents. Submit the loan application after discussing the loan terms with the bank.
Provide the association’s articles, building management agreement, work description and construction cost estimate, plus the completed loan application and information on utility-bill payment discipline. The bank may request other documents.
For a project using an ALTUM capital rebate, also provide ALTUM’s preliminary opinion reserving the rebate, its statement evaluating supplier selection, and the building’s energy performance certificate.