1. Home
  2. Corporate Banking
  3. For your core banking needs
  4. Property financing
  5. Building loan

Building loan

You can take out a building loan to finance the construction or renovation of a property. It is granted in the form of a credit limit on your current account, which you will draw down as the work progresses.

Highlights

  • The account is debited as the work progresses. Interest is only charged on the funds that have been drawn down.
  • The construction loan includes a first and second mortgage. One interest rate is applied.

Rates and conditions

  • The account is debited upon submission of invoices signed by the project owner and the architect.
  • Once the work is finished, the loan is converted into a fixed-rate, variable-rate or Multifix mortgage loan.

 

Details

Minimum amount

  • None

Maximum amount

  • Multifamily residential properties: max. of 80% of the property's value
  • Other properties: between 50% and 70% of the property's value

Term

  • The entire construction phase

Interest rate

  • Customized

Commission

  • 0.25% on the highest debit balance over the quarter

Principal repayment

  • None

Use of the loan

  • During the construction period
    • You will draw on your loan as the work progresses, upon submission of invoices for work completed.
    • You will be charged interest only on the funds actually used to pay those expenses.

 

Learn more

Visit us

Come to one of
our branch offices

Find your nearest branch

Call us

We’re available Monday to Friday,
from 8:00 am to 6:00 pm

0844 228 228

Write to us

We'll get back to you
within one working day

Request information

Terms and conditions for banking services

Download our brochure (in French) for the terms and conditions for corporate banking transactions.

Loading......
 

Tarifs et conditions des prestations de la clientèle entreprises

En tant que partenaire financier de référence des entreprises du canton de Vaud, nous vous proposons des prestations adaptées à vos besoins, dont vous trouvez les conditions et tarifs dans ce document.

File size : 282.64 KB - Last update : 14 July 2021

Keywords: Comptes/ BCV/ Entreprises/ conditions/ Tarifs

Loading......

How it works

Converting a building loan into a mortgage loan

Crédit de construction

Related services

Loading......
Loading......

Please read our website and email Terms and Conditions before using our website or contacting us by email.
Other legal information
© 2002-2021 Banque Cantonale Vaudoise, all rights reserved.