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Home energy efficiency loan

Examples of the annual percentage rate

Home loan

The initial annual percentage rate is 6,188% on the following (example) conditions:

  • loan of €123 000;
  • total floating interest rate 5,923% per annum, incl margin 1,82% + 6 months' Euribor (as at Oct 16 2023 the 6-month Euribor rate was 4,103%; the rate set out in your agreement may change every 6 months);
  • contract fee of €190;
  • repayment period of 30 years;
  • number of repayments 360;
  • the sum of repayments €265 418,27;
  • the total cost of the credit €142 608,27;
  • the total sum of the credit €265 608,27.

The rate is calculated on the assumption that the amount of credit is being issued immediately and in full and that the basic amount and interest will be repaid as monthly annuity payments. The loan agreement is secured with a mortgage. Upon taking a loan, a home insurance contract must be entered into. The rate does not include costs associated with the establishing or insuring of collateral.

Improve the energy efficiency of your house

The loan is suitable for making your house more energy-efficient – insulating, changing the heating system, or other works!

  • Loan collateralized by real estate starts from 20 000 €.
  • For energy efficiency improvements in your private house.

What are your needs?

Net income should be at least 900 euros, or 1300 euros if taking out the loan with a co-applicant.
Your current loan liabilities exceed the optimal monthly repayment amount. Mortgage loan is not available to you.
Average net income in the last 6 months.
€
Small loan, credit card, overdraft, line of credit, study loan and other short-term credits.
  • 0

Results are approximate and may differ from conditions offered to you.
Your total monthly payment cannot exceed %PERCENTAGE%% from your monthly incomes. We recommend You decrease calculated loan amount or consider to change loan term.
Loan sum is too small. Minimum sum is 20 000 euros.
€
  • Down payment starting from 15%.
  • Down payment starting from 10% with the surety of KredEx.
  • Down payment may not be needed if you collateralize your own property.
%
€
% + 2.08 % 6-month Euribor

Loan

  • 0

Insure your

  • from 0€
  • about 0€
  • from 0€

See the examples of the annual percentage rate

Loan and Insurance payment calculations are approximate and may differ from your personal offers. Home insurance and loan payments protection insurance is provided by Swedbank P&C insurance AS. Life insurance is provided by Swedbank Life Insurance SE.

Home Energy Efficiency Loan

  • For improving of your existing private house (for example, private house, twin house, row house, country house), including works which improve energy efficiency, such as:

    • Insulation of all or separate structural elements of the house (walls, floor, ceilings, roof, foundation, etc.).
    • Installation of centralized or local ventilation system with recuperation.
    • Replacing doors and/ or windows with new/more energy efficient ones.
    • Installation of a heating system management tool.
    • Other tools which will improve energy savings (e.g. solar panels, LED lighting, etc.).
  • No need for a down payment as your property is the collateral.

Conditions

  • Loan amount from € 20,000.
  • Loan up to 85% of collateral value.
  • Loan term up to 30 years.
  • Income at least €900 per month after taxes, at least €1300 per month with a co-borrower.

Interest and payments

You can choose between two interest rates.

  • A floating interest rate, where the annual interest rate consists of an individual margin and the 6-month Euribor. The 6-month Euribor changes every 6 months.
  • A fixed interest rate for the first 5 years, where the annual interest rate consists of the 5-year euro interest rate (euro interest rate swap) and an individual margin. After the end of the fixation period, the annual interest rate changes into the floating interest rate agreed in the loan agreement.

You can find base interest rates here

  • Additional expenses (notary, real estate valuation, pledge registration fee) and bank fees will apply to your loan.
  • Loan is repayable on the basis of annuity or amortization schedule within the agreed term by pre-determined monthly payments on your chosen payment date.

Historical base rate

Important to know

  • After completing your energy efficiency renovation work, you will need to send photos as proof.
  • If you fail to use the loan according to its purpose, the bank will have the right to increase the interest rate up to an individually agreed margin.

Fees

Contract changes

With the self-service feature, you can:

  • change free of charge payment date after the monthly payment has been made;
  • change free of charge payment account;
  • make early partial repayments.

In other cases (applying for a grace period, prolonging the payment term, change or release of additional collateral), fill in the loan agreement application.

You might also be interested in

Home small loan

Now the agreement fee 0 €!

If you are planning to borrow less than €20,000 for home improvements – we recommend taking a look at these loan conditions.

Read more

Mortgage loan

Special offer for energy class A assets!

A home loan will be the perfect solution if you need a loan for a new home or construction.

Read more

Small loan

Now the agreement fee 0 €!

Make smart purchases with the help of the Small loan.

Read more

If you have any questions, please contact us at

  • (+372) 613 1324 (Mon-Fri 09:00-17:00)

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