Environmental renovation mortgage
Borrow at a discounted fixed rate for energy-saving home renovations, with the whole property financed through Bank SLM.
Deze mogelijkheid is momenteel in het Engels beschikbaar.
Finance new solar panels, insulation, a new electric-vehicle charging point or building work that reduces energy use, such as replacing windows. Heating projects must replace a fossil-fuel or electric heating system; examples include heat pumps, district heating and pellet heating.
The fixed-rate option runs for 2–10 years and reduces the annual mortgage interest rate by 0.20 percentage points. Bank SLM agrees the rate and term with you in advance; the rate remains fixed during that term. The processing fee is CHF250.
A standalone fixed-rate mortgage starts at CHF100,000 and the environmental product is capped at CHF500,000. The product also has a CHF20,000 minimum, but amounts below CHF100,000 can only be added to an existing mortgage.
Bank SLM provides mortgage financing that you must repay. With direct repayment, regular instalments reduce the amount you owe. If you choose indirect repayment instead, you pay into Bank SLM’s PRIVOR pillar-3a pension account while the mortgage balance stays unchanged; the savings are paid out and used to repay the mortgage by retirement at the latest. Interest payments pay the cost of borrowing rather than reducing the debt.
Eligibility
- The property must already exist. A new property acquisition is excluded, and the renovation must be at least one year after you bought it.
- The entire financing of the property must be with Bank SLM.
- Bank SLM assesses the financing against your circumstances. Its general home-financing affordability calculation says annual housing costs should be no more than 33% of gross income. It uses a 5% assumed mortgage interest rate, a maintenance/running-cost allowance of 1% of purchase price and required second-mortgage repayment in that calculation.
- Observe the notice periods on your bank accounts when withdrawing money for financing. Bank SLM’s fixed-mortgage page states a 2% commission for account withdrawals made outside the notice period.
How to apply
- Status
- Doorlopend open
- Voorwaarden voor deze aanvraagronde
- Discuss the renovation and whole-property financing with Bank SLM. Renovations must be at least one year after purchase.
Contact Bank SLM on 031 700 10 10 or at info@bankslm.ch to discuss the environmental mortgage and a financing offer. The bank’s adviser reviews your situation and financing model with you.
Its financing checklist asks for identity, income, own-funds and pension evidence, a complete tax return, a current debt-enforcement register extract and property documents. For renovation or conversion work, it lists the cost estimate, permits and construction documents, a renovation-cost breakdown and a GEAK building-energy certificate or similar document.