With the home energy loan, you can make your home more energy efficient: buy solar panels, air conditioning and heating equipment or improve the insulation of your house. By opting for a seasonal repayment schedule, you pay only the interest part of the loan during the months of highest energy consumption.
The home energy loan is a collateral-free loan that’s designed to help those who want to make their home more energy efficient, for instance by installing solar panels or wind generators or updating their air conditioning and heating equipment. A home energy loan is also ideal for financing the insulating of a home, whether that involves replacing windows, sealing foundations or something else entirely.
When you apply home energy loan loan, you can choose between a regular and a seasonal repayment schedule. With a regular repayment schedule, all your monthly payments are the same and are fixed for the duration of the repayment period. With a seasonal repayment schedule, we allow you to take four months’ break (i.e. third of the year) from repaying the principal part of your loan. This means that during the winter months, when utility costs tend to be higher, all you pay is the interest on your loan. The repayment break is offered in November, December, January and February, every year during the entire period of your loan agreement. With both schedules, the interest rate on the loan is fixed: changes in EURIBOR do not affect your repayments.
We make you a personal offer that depends on the amount you’re looking to borrow, the length of your contract and your creditworthiness. You can lodge your application on our self-service site, where it’s also easy to keep an eye on your contracts. Everything – applying, amending your repayment schedule, paying off your loan early and more – can be done digitally.
An invoice providing evidence of the purpose of the loan should be e-mailed to info@holmbank.ee. Weigh everything up and review the terms and conditions of the contract before making your decision. If you have any questions or need advice, get in touch with us.
In order to fulfil the due diligence obligation set for us as a bank, we ask you to identify yourself by video in the Veriff OÜ environment if the total amount of your loans is €15,000 or more. If you are not a citizen of the Republic of Estonia, we might also ask you to identify yourself. A device with an Internet connection and a working camera is required for verification. Have your ID ready and follow the step-by-step instructions on screen. We will send you an email with a personal link to verify your identity.
The financial services provider is Holm Bank AS. Review the terms and conditions of the contract and consult an expert. The annual percentage rate of charge is 10.57% on the following sample conditions – loan amount: €11 000; contractual fee: €110; repayment period: 84 months; fixed interest rate: 5.44% of loan amount per annum; total amount payable: €15 280.77; net repayments: €15 170,77 ; number of repayments: 84.
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