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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 one of our mortgage loans.

 

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.

Credit Fee Schedule (250 Kb)

Submit invoices and request advances online

With our digital payment management system, you can use BCV-net or BCV Mobile to submit construction invoices and advance payment requests in just five easy steps.

Why it’s great:

  • Secure, 100% digital process
  • No paper, no postage
  • Short processing times
  • Easy payment tracking

Five easy steps:

Learn more

Write to us

If you are a BCV client with BCV-net, we suggest you log in to BCV-net and contact us using the secure messaging service.

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

 

 

0844 228 228

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Terms and conditions for banking services

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

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 : 180 KB - Last update: 07.01.2025

Taux des comptes

Dès le 1er janvier 2025

File size : 518 KB - Last update: 31.12.2024

How it works

Converting a building loan into a mortgage loan

Related services

Building Plus loan

This fixed-rate loan enables you to finance the construction of a property. You can keep careful track of your expenses throughout the construction phase and beyond.

Fixed-rate mortgage loan

With a fixed-rate mortgage loan, you can plan out your mortgage expenses for the entire loan term.

Green Bonus

With this loan, we waive your interest payments for the first 12 months if you buy or build a property with a CECB® eco-rating of A or carry out energy-saving renovations.

Other legal information

Please read our website and email Terms and Conditions before using our website or contacting us by email.

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