The Estonian-owned Holm Bank has started offering energy loans with the option of a seasonal repayment schedule so as to help private clients people boost the energy efficiency of their homes.
“A lot of home owners are already wondering how they’re going to cope with the rising energy prices come autumn,” said Rauno Klettenberg, the director of Holm Bank. “Both energy companies and the government have been urging people to look at their heating systems, since updating or replacing them could save the owners money. That said, replacing such systems is a major expense in its own right, which is why we decided to lend a hand by offering financing for it with a seasonal repayment schedule.”
The schedule will enable clients to solely pay interest during the period of high energy bills (November through to February), with main payments divided up between other months. The loan can be used to finance the purchase of air-to-air or air-to-water heat pumps, update gas boilers, install solar panels and solar energy storage systems, insulate homes and for other similar purposes. “The seasonal repayments we’re offering with the loan are unique on the market,” Klettenberg added. “We hope they help a lot of our clients make their homes more energy-efficient.”
Holm Bank AS is an Estonian-owned bank with an operating licence issued by the European Central Bank. It operates under both the Liisi and Holm trademarks. Its services include term deposits, physical and virtual credit cards, private and business client financing and hire purchase. The bank also offers term deposits in Germany and Austria via the Raisin platform and is the sole owner of Holm Bank Latvia SIA, which operates as a financial services provider in Latvia.