Home energy renovation loan
Borrow up to €100,000 for home energy improvements such as efficient heating, insulation and consumption controls, with a rate discount tied to proof of the sustainable use.
Tämän rahoitusmahdollisuuden kuvaus on toistaiseksi englanniksi.
This consumer loan finances energy improvements to your home, with repayment over up to seven years. Eligible work includes appliances with the highest EU energy-label rating for their type; heating, cooling and hot-water systems in the most energy-efficient categories; condensing boilers; heat pumps using split units or ducts; aerothermal heating, cooling and hot-water systems; and geothermal systems that turn underground heat into heating, cooling and hot water. It also covers smart energy and water meters, movement and daylight sensors, solar-control roof and façade elements, external insulation systems and ventilated façades.
The advertised fixed nominal interest rate is 3.99%–10.75%, depending on your credit profile. The bank illustrates APRs of 4.06%–11.29% for a €15,000 loan over seven years signed on the first day of the month. There is no opening or assessment fee. APR reflects the annual borrowing cost in these examples; your offered terms are shown before signing.
Repayments are debited automatically on the first day of each month. The first payment covers only the interest accrued from disbursement to the first day of the following month; subsequent instalments normally have the same amount. If the sustainable-use discount is removed, payments increase from the fourth instalment.
You can repay all or part early. The fee is 1% when more than one year remains until maturity, or 0.50% when no more than one year remains. Late payment brings default interest and debt-notification and collection costs as set out in your precontractual information and loan contract, and can affect your credit record or lead to judicial recovery.
You can withdraw within 14 calendar days of taking out the loan, through online banking, a branch or Superlínea telephone banking. No cancellation fee applies: repay the outstanding capital and interest accrued from disbursement until the withdrawal request within 30 days of that request.
Eligibility
The bank must approve your application. New customers can open a Santander Online Account; that account route is for individuals older than 18. Account opening requires personal/contact details, identity verification and signing the contracts. Existing customers can go straight to the loan simulation.
Provide a purchase invoice or renovation budget within 90 days to show that the loan funds go to a qualifying sustainable purpose. If you miss the deadline or the purpose fails the bank’s sustainability criteria, you lose the one percentage point nominal-rate discount from the fourth instalment.
For replacement external windows, the published criteria require aluminium or PVC frames with a thermal break and low-emissivity double glazing meeting the Spanish Technical Building Code’s energy-saving limits.
How to apply
- Tila
- Jatkuva haku
- Hakukierroksen ehdot
- Applications require bank approval. New customers can first open a Santander account.
Use Banco Santander’s loan simulation to choose the amount and term. If you are a new customer, first use its become-a-customer route to open an account: enter your details, verify your identity by video or at a branch, then sign using the key sent to your mobile phone.
Review and sign the loan documents online with your multichannel signature. If approved, the bank pays the funds into your current account immediately after signing. Submit the invoice or renovation budget within 90 days to retain the sustainable-use discount.