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Green loan simulation

 

If you want to renovate your home by performing energy-saving works, you can apply for a green loan. The green loan can be used for, among other things, the purchase of solar panels or insulation through new windows and doors. You can easily request an overview of the options through simulation loan.be through the green loan simulation.

Green loan

Green loan

You can apply for a green loan if you want to renovate your home and thus finance your green project. Examples of these green projects are replacing old boilers, installing double glazing or insulating the roof or walls. You can apply for a green loan for an amount between 2,000 and 50,000 euros. The term for this loan usually starts with a minimum term of 6 months. In most cases 120 months is used as the maximum. In this way you can pay for your ecological investment and so do not only yourself, but also nature.

Lower annual costs percentage

Lower annual costs percentage

The annual cost percentage (APR) is in most cases lower with a green loan than, for example, with a renovation loan. If you want to make an ecological investment, it is better to turn to the green loan, but with this loan the condition applies that it concerns an energy-saving renovation. This does not apply to a renovation loan. In addition, a green loan is also encouraged by the government, which means that you sometimes have the chance to get extra benefits.

The simulation

The simulation

When simulating your green loan, a distinction is first made between private and professional use of the credit. In addition, you will be asked whether it concerns a renovation or a purchase of a home or land. You will also be asked for the amount to be financed and the term that you had in mind to pay off the loan. All this information is used to give you a clear overview of the possibilities that your personal situation offers you. Based on your entered data, you will see an amount of the monthly charges that you incur. This is a fixed amount of annual costs that you pay during the term. You must repay the debt in proportion to monthly repayments. However, it is advisable to contact the financial institution to tailor the green loan. This way you will not be faced with surprises afterwards.

Victoria Callahan

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