A third option is to take out a personal loan from a bank. However, the interest rate for this is often higher than that for financing via your mortgage or a long-term loan. However, a personal loan that is used to save energy can be regarded as an improvement of your home for tax purposes and is therefore in many cases tax-deductible. Do some research and find the best quick loans for your business.
In theory, you could take out a personal loan for energy conservation anywhere. However, there are a number of providers that promise specific benefits when this loan is used specifically for energy conservation. Many mortgage advisers know about this as well, so it might pay off to contact your regular contact.
Borrow money from Greenloans for energy saving
Greenloans is a subsidiary of ABN AMRO that provides personal loans for investments in energy saving. This money can be used for the purchase and installation of solar panels, insulation or a heat pump. The amount may be between €5,000 and €50,000. You have 5 to 15 years to repay it.
Are you a mortgage customer of ABN AMRO? Then you can get a discount of up to 0.2% on your existing mortgage interest as soon as your home has an Energy Performance Coefficient (EPC) of no more than 0.4. Would you like to know more?
Take out a personal loan with ING to save energy
ING also offers the possibility of taking out a personal loan for energy-saving measures. You can determine the amount of the loan yourself and it is between €5,000 and €75,000. This maximum amount is by far the highest of all financing options for energy saving.