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Apartment building renovation loan

  • Construction and renovation works for longer home life expectancy
  • Energy efficient living spaces for lower utility bills
  • Increasing property value
Submit application
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Up to

20 years

Agreement term

Starting from

10 000

Euros

Starting from

0%

Self-financing

Get more with Altum

 

The possibility of co-financing in the form of a grant, administered by ALTUM.

Learn more

Simple to apply

Together with Altum, the project will be assesed.

1.
Send us
the filled application

2.
We will
contact you
with proposal or
additional questions

3.
After
a positive decision
from Altum
and bank,
sign the agreements

Apply for renovation loan

Please prepare the following documents

 

  1. A completed loan application

  2. The decision of residents to participate in the energy efficiency project, borrowing of the loan and the possibility of increasing the facility management fee. A positive decision has to represent more than half of all apartment owners. Based on complex evaluation of the specific project, the amount of owners' support may be reviewed.

  3. Information about the owners of the apartments of the building.

  4. The borrower's legal and financial documents.

  5. Energy audit of the building.

  6. Information about the building to be renovated (including the details on the required works and the estimate thereof).

  7. A simplified technical design of the renovation works.

Service Fee
Revision of the application Free of charge
Processing of a loan, increasing of the limit (% of the amount of the increased limit)1 1%, min 150.00 EUR
Reserving loan resources (calculated in % for the unused amount of the granted loan) 0,5%
Repayment of the loan before maturity (% of the amount repaid before maturity) 2%, min 1,000.00 EUR
Prolongation of a loan maturity1 0,5%, min 150.00 EUR
Other changes to the loan agreement on the customer's initiative (% of the loan balance)1 1%, min 150.00 EUR
Uninsured collateral maintenance2 20.00 EUR per month
Additional services
Valuation of collateral 0,1%, min 50.00 EUR
Document submission for registration of the pledge in paper format 50.00 EUR
Preparation of documents and applications needed for crediting services 15.00 EUR/hour
Preparation of loan agreement and collateral agreements in electronic format Free of charge
Preparation of loan agreement and collateral agreements in paper format 35.00 EUR
Preparing, drafting and approving bank's consents/authorisations and other documents upon the customer's request By agreement, min 70.00 EUR
Printout of information from LURSOFT database (financial statements, full information about the company, etc.) upon the customer’s request 10.00 EUR
(plus VAT 2.10 EUR)
Confirmation of loan issuance By agreement, min 30.00 EUR

1 The commission fee must be paid on the day the agreement or amendments are signed.

2 Commission fee is applied if the collateral is not insured (insurance policy is not provided to the bank) more than 30 days since expiration of the previous insurance policy.

Collateral

  • Future cash flows (a commercial pledge on receivables) and a deposit in the amount of at least two loan payments
  • Guarantee by Altum

Additional terms

  • Loan repayment from the payments of the apartment owners for facility management

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