Home energy improvement loan
Borrow up to DKK 500,000 for professionally installed home energy improvements, with special terms for qualifying banking customers.
Această oportunitate este disponibilă momentan în limba engleză.
You can finance insulation, energy-efficient windows, solar panels and other approved energy improvements to your home. Roof replacement is included only when carried out alongside roof insulation. A battery is included only as an integrated part of a solar-panel project. Replacing an oil or gas boiler with district heating or a heat pump is eligible, but that replacement route excludes air-to-air heat pumps.
This is a bank loan that you repay with interest. The interest rate is variable, and the agreed term is up to ten years. You make monthly payments covering interest and repayment; there is no interest-only period. If the interest rate rises and your payment stays unchanged, the repayment term will be extended. You may repay part or all of the balance early without a fee, but you cannot withdraw extra repayments again.
There is no origination fee. You must budget for mandatory fire insurance on the property. Loans below DKK 100,000 have no registration cost; above DKK 100,000, registration costs apply and a new owner mortgage deed must secure at least half the loan amount. This deed provides the bank with security in the property.
The Fyr dit fyr agreement can also waive registration charges when replacing an oil or gas boiler with district heating or a heat pump. Its conditions are listed below.
Eligibility
- Nykredit must approve your loan. The special terms require you to be a BoligBank 360, BoligBank 365 or Private Banking customer. BoligBank 360 combines home financing and everyday banking with Nykredit; it is one way to meet the customer-package condition. Changes to your banking relationship can change your package and the interest and fees on existing agreements; changes to your disadvantage carry at least three months’ notice.
- A professional contractor must carry out the work; DIY projects cannot be financed. You sign an addendum identifying the agreed improvements. Using the money for another purpose allows Nykredit to change the loan terms. Approved measures may have additional conditions or limitations, which your adviser or customer service can explain.
- You must supply financial information when the bank requests it, including during the loan. If there are joint account holders, each is liable for the full outstanding amount. The general terms allow Nykredit to terminate the loan with three months’ notice if you move from Denmark or stay abroad for an extended period. Taking up permanent residence abroad without first agreeing continued repayment can instead trigger termination without notice and a demand for the whole debt.
For the Fyr dit fyr registration-fee waiver, the building must be approved and used for year-round residence. At least 90% of the loan must pay for replacing the oil or gas boiler with district heating or a heat pump. Complete the replacement within twelve months after the loan is registered, update the new heating source in BBR (Denmark’s buildings and dwellings register), use a professional contractor, and keep bills and invoices as evidence. The bank takes security in your home, without charging you for doing so under this route.
How to apply
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Use the callback form on Nykredit’s loan page to discuss the project with an adviser, or call customer service on 70 10 90 00. Your adviser can check the conditions for your chosen improvements and assess the loan. For a boiler replacement, discuss the Fyr dit fyr conditions with the adviser.