Responsible home purchase through green home loan
Our homes have a big impact on the environment. Our greenhouse gas emissions are significantly influenced by the amount of heat and electricity we use at home. As a result, we would like to encourage the construction and purchase of energy-efficient homes.
- Lower monthly bills
- Environmentally friendly
- Healthier home environment
- Long-term property value advantage
A well-considered purchase may be a step towards a more environmentally friendly lifestyle
There is no doubt that excessive consumerism has become a major problem relating to climate change and created many negative consequences for the environment. Everything we purchase has an environmental impact, and we strongly encourage conscious consumption: only consider buying a product or service you need and evaluate whether the use of that product or service can contribute towards mitigating climate change.
Typical example for calculating annual percentage rate
If a loan of EUR 100,000 secured by real estate collateral is granted for the period of 25 years and 300 loan instalments based on the annuity method will be made, the total amount to be paid by such borrower will make EUR 187,732.98, monthly instalment – EUR 618.94. The annual percentage rate will make 5.85 per cent. Annual percentage rate showing the total cost of a loan is calculated by including the below instalments made within the entire loan period:
- 5.5 per cent yearly variable interest
- EUR 0 agreement fee
- EUR 8.6 mortgage (pledge) registration fee
- EUR 1 per month minimum fee for main banking services
- EUR 70 dwelling insurance annual premium
Note. Property valuation costs and the commission for the services provided by a credit intermediary are not included.
Annual percentage rate and the total amount to be paid by the borrower are calculated considering that the loan is disbursed on the agreement signature date and that the terms of the agreement, interest rate and fees do not change within the entire loan period, and the terms and conditions of the agreement are timely implemented. If you fail to fulfil or unduly fulfil the terms of the loan agreement, the risk exists that you may be deprived of the ownership right to the pledged real estate. The mortgaged real estate must be insured in favour of the bank during the entire loan period.
For more information about a loan, lending terms and fees please contact us at +370 5 268 2800.
