Home construction loan

Loan for construction

  • A home construction loan that fits your needs

    You can apply for the loan for building a house, flat, holiday home or buy-to-let home.

  • As an OP cooperative bank owner-customer, you get OP bonuses on a home construction loan

    OP bonuses are used to cover charges and fees related to personal banking and insurance services, for example. As an owner-customer, you also get benefits on other banking and insurance services.

Start applying for a home construction loan, continue with the application you started or add the required attachments.

Apply for a home construction loan

Approve a joint home construction loan application started by the other applicant.

Go to consent

 

Start applying for a home construction loan, continue with the application you started or add the required attachments.

Apply for a home construction loan

Approve a joint home construction loan application started by the other applicant.

Go to consent

To apply for a home loan, you need an online bank user ID. If you don’t have a user ID with any bank, our Customer Service will help you. Contact our Customer Service

 

How can I obtain a home construction loan?

First get a cost estimate on the construction work from a professional and then send a loan application online. Contact us for financing as soon as your start planning so that our experts can tailor a home construction loan that suits your needs. At the same time, we will agree on the repayment plan and the collateral during construction.

Home construction loan is not restricted to building a home for yourself. You can also apply for the loan for building a holiday home or a buy-to-let home. You can also apply for the loan for buying a plot, provided that construction work on the plot will begin within a certain time limit.

Applying for a home construction loan

  1. Fill in a home loan application online
    If you're applying for a loan with another person, state this in your application. We will send the other applicant a message so that they can consent to the joint application and add their personal information. As the person who started the application, you can then finalise and send the application.
  2. We'll contact you
    Our specialist will discuss the loan with you, including collateral required for the loan.
  3. We will go through all the relevant details with you.
  4. You will receive a loan offer and can proceed with your plans.

Are you building a detached house? The collateral for the loan for building a detached house is usually the house being built and the land, or the lease on the land and the house located on the land.

Example calculation: Home loan is a one-off loan. Let's look at a home loan where the loan amount is 170,000 euros. The loan term is 20 years. The loan margin is 0.7%. Calculating with the 12-month Euribor of 3.390% (valid on 31 July 2024), the effective interest rate of this home loan will be 4.3%. In addition, a loan servicing fee of 2.50 euros will be charged each month. When the loan is drawn down, a one-off origination fee of 680 euros will be charged. The estimated total cost of the loan is 251,741.78 euros.

In this calculation, we assumed that the entire loan was drawn down at once, that the loan interest rate, fees and charges stay the same throughout the loan term and that the loan is repaid in equal payments of 1043.59 euros every month. The home loan is granted by an OP cooperative bank.

The loan is granted by an OP cooperative bank.

The loan is granted by OP cooperative bank.