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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 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.

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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 : 243 KB - Last update: 02.12.2022

Taux des comptes

File size : 39 KB - Last update: 01.05.2023

How it works

Converting a building loan into a mortgage loan

Other legal information

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