The benefits of a building loan
- The benefits of a building loan
Access cash without increasing your mortgage - Freely selectable credit amount
CHF 1,000 up to max. CHF 120,000 - Low interest rate
from 4.5 % to max. 9.9 % - Building loan instead of your mortgage
Begin your renovation project immediately - Flexible repayment terms
from 6 to 84 months - Insurance cover
Safeguard instalments against redundancy or unemployment
Renovate without increasing your mortgage
Converting and renovating can also be completed by increasing your mortgage. However, an application for a mortgage increase may result in the entire mortgage being re-examined and the property being revalued. A building loan can also be taken out for conversions and renovations ranging from CHF 1,000 to CHF 120,000.
Choose a building loan and save taxes
Interest on renovation credit is deductible in your tax returns. If you rebuild and renovate to preserve the value of your property you may also deduct the costs of the renovation in your tax returns.
Building loan or mortgage increase — what makes sense?
Traditional construction financing is measured on the one hand by the mortgage value of the property to be financed and, on the other hand by the sustainability and term for which the mortgage is taken out. The favourable conditions are based on the fact that the bank may be granted a claim to your property.
If you are unable to meet your obligations, in an emergency, the bank is entitled to liquidate the property. The property must be assessed to issue a mortgage note which incurs additional costs.
Unlike with our building loan: The mortgage remains untouched! With our loan instalment insurance, you can even insurance the instalments against redundancy or unemployment.
The credit provider is eny Finance AG, headquartered in Zurich. The granting of credit is prohibited if it leads to over-indebtedness (Art. 3 UWG)
- The maximum annual percentage rate is 9.90%.
- Duration: 6 - 84 months
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