Select the financing option that suits your plans
Whether you are planning a simple refresh, a complete renovation, or furnishing your home, choose the financing solution that best fits your needs and budget. Compare the available options below and find the most suitable way to finance your home improvement project.
Consumer loan
- Loan amount from EUR 1,000 to EUR 25,000
- Interest rate from 7.4 %
- Repayment term from 1 to 7 years
- No down payment required
Home loan for renovation
- Financing of up to 80 % of the property's market value
- Repayment term of up to 30 years
- Interest rate determined individually
- Agreement fee up to 1.5 % of the granted loan amount
- Your home serves as collateral for the loan
Which financing solution should you choose for home renovation?
A consumer loan can be a suitable option for smaller renovation, refurbishment or furnishing projects, as it does not require collateral and can be arranged quickly. If you are planning larger-scale renovations or substantial investments in your property, a home loan secured by your property may offer a longer repayment period and financing tailored to your individual situation.
Additional benefits for your home
Protect what matters most with insurance solutions available through SEB. In the internet bank, you can explore and calculate premiums for:
- Home insurance
- Motor insurance
- Short-term travel insurance
Find the insurance solution that best matches your needs and enjoy greater peace of mind every day.
Home loan example for calculating annual percentage rate of charge (APRC)
If you receive a loan of EUR 100,000 secured by real estate and repay it over 25 years using the annuity method (300 monthly payments), the total amount payable would be EUR 166,874.41. Your monthly payment would be EUR 547.91 and the APRC would be 4.62%.
The APRC includes:
- 4.3 % variable interest rate
- EUR 400 agreement fee
- EUR 8.60 mortgage registration fee
- EUR 1 monthly fee for basic banking services
- EUR 70 yearly home insurance premium
The APRC does not include property valuation costs or fees charged by a credit intermediary.
Consumer loan example for calculating annual percentage rate of charge (APRC)
If you are granted a consumer loan of EUR 5,000 for a period of 5 years, the total amount payable would be EUR 6,529.79. Your monthly payment would be EUR 106.61.
The APRC would be 11.80 %. The APRC includes:
- 10% fixed annual interest rate
- EUR 75 agreement fee
- EUR 1 monthly fee for basic banking services
The APRC is shown to help you compare different financing offers more easily.
