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Improving home energy efficiency

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Loan for home energy efficiency

  • Credit amount from Eur 4 000 to Eur 40 000
  • Interest rate from 4.9 %
  • Repayment term from 1 to 7 years
  • Agreement fee – 1.5 % of credit amount (min. Eur 50)

Typical example for calculating annual percentage rate of charge (APRC)

If you are granted a consumer loan of EUR 5,000 for 5 years, you will pay a total of EUR 5,793.69. Your monthly payment would be EUR 94.30. The total cost of borrowing, calculated on an annual basis (APRC) would be 6.20%. The APRC shows the total cost of the loan and includes the following expenses:

  •  4.9% fixed interest rate per year;
  • EUR 75 agreement fee;
  • minimal fee for the main bank services EUR 1 per month.

We have calculated APRC and the total amount based on the following assumptions: the loan is paid out on the date the agreement is signed; the interest rate and fees stay the same during the whole loan period; you meet all the terms of the loan agreement on time.

The APRC is shown to help you easily compare different loan offers.