Home energy efficiency loan
Borrow from €20,000 for house renovations such as insulation and heating upgrades, using the house being renovated as security.
Deze mogelijkheid is momenteel in het Engels beschikbaar.
You can renovate a detached, semi-detached or terraced house. Eligible work includes insulation, ventilation, replacement doors and windows, heating improvements, and solar panels or wind turbines. Furnishings and interior finishing can also be financed when they form part of the renovation.
The loan can reach 85% of the value of the property used as security, with repayment over up to 30 years. You repay it in monthly instalments on the payment date agreed with the bank.
You can choose a floating interest rate: the bank adds an individually set margin to six-month Euribor, a reference rate that changes every six months. Alternatively, you can fix the rate for the first five years, using the five-year euro base interest rate plus your individual margin. After five years, this becomes the floating rate agreed in your contract. Notary, property valuation, pledge-registration and bank fees also apply.
Eligibility
- The house you renovate must secure the loan. You do not have to contribute your own money towards the renovation, but the loan remains limited to 85% of the property’s value.
- Minimum net income is €1,000, rising to €1,300 when applying with a co-applicant or €1,500 when you have two or more dependants.
- Set up home insurance or review your existing cover when signing the agreement.
- Send photographs of the improvements when the work is complete. If the loan money is used for another purpose, the interest margin changes under the loan agreement.
How to apply
- Status
- Doorlopend open
- Voorwaarden voor deze aanvraagronde
- Subject to the bank’s lending decision.
Plan the renovation and estimate its cost, then submit the application through Swedbank’s Internet Banking site for a consultation. An independent property valuation and a cost estimate are needed after the consultation.
The bank makes its lending decision. If approved, sign the loan agreement in Internet Banking and arrange or review home insurance. The bank disburses the loan after the notarial transaction. Send photographs to the bank after completing the renovation.