The interest rate level on the capital market is currently quite favorable anyway. However, those who use public sector lending programs, especially those of the state-owned can currently implement restructuring projects on top terms.
The program “Energy Efficient Refurbishment” of the Good lender currently has credits of 1.1 percent per annum. The interest rate applies to loans with a maturity of 10 years, which are equipped with two grace periods and a fixed interest rate until full repayment. Even longer-term loans are available at very low interest rates. Lending with a maturity of 20 years and ten years interest rate lock-in and three grace-free start-up years currently cost 1.41 percent per annum. Thirty years’ term and five years of grace-free start-up are ten-year interest rate fixation for 1.71 percent effective in the year to have. The loans are all subsidized by the federal budget.
In order to benefit from the conditions, the restructuring projects must be designed so that they meet the requirements of Good lender. In the end, the refurbished property must meet the highest standards in terms of energy efficiency and climate friendliness. Even if energy prices are currently declining somewhat, an energy renovation is worth twice as the lower energy consumption also leads to lower residential additional costs.
Anyone who wants to put a renovation project into action does not have to contact Good lender directly. Banks and savings banks act as the transmitting authority and also assist with the filing of applications. In any case, it does not pay to wait for cheaper interest rates – cheaper than now, renovation is no longer possible.
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