Renovation Loan for Owners' Associations

Renovation Loan for Owners' Associations

Why a renovation loan for owners' associations?

Energy and insulation standards are getting increasingly stricter in Flanders. That's something you'll be faced with sooner or later if you own a unit within a larger multi-owned building. That includes having to ensure that your building conforms to new, stricter roof insulation rules due to come into effect in 2020.
Required renovations can come with a hefty price tag. Owners' associations often don't have enough funds available, plus individual members may not be able to (or want to) contribute financially.
That's where a KBC Renovation Loan for Owners’ Associations comes in. It's our loan that enables owners' associations to make quick financial decisions when it comes to major renovation costs.

What is the KBC Renovation Loan for Owners’ Associations?

It's a form of investment loan for owners associations with the following features:

  • Term of 3 to 10 years
  • Fixed rate of interest
  • Equal repayments

This renovation loan is intended for energy-saving and essential renovations in shared parts of a building, such as roof insulation, façade improvements or high-efficiency glazing. At least three owners have to take out the loanfor no longer than 10 years.

The OA takes out an OA credit insurance policy, covering it and all its members if one of them should default on a payment. This is a condition for acceptance of the KBC Renovation Loan for Owners' Associations.

For more details of how this loan works, see the 'More info' section at the bottom of this page.

Benefits

  • Certaintly about when the renovation works can start
  • Clear idea of when renovations can start
  • Certainty about how much you repay and for how long
  • Not all individual owners have to take out the loan
  • The OA credit insurance policy protects the financial reserves of the owners and the OA.
  • Eco-friendly investment

 

Apply for your renovation loan for owners' associations

Fill out the application form
A KBC employee will contact you ...
... and helps you complete your application

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