Construction loan
You wish to finance the construction or renovation of a property by paying for the building work as it progresses? The construction loan is the solution.
The essentials
For the construction, renovation or transformation of a property
You finance your construction or renovation by means of a current account which is debited with the invoice amounts submitted as the building work progresses. When the building work is finished, the loan is consolidated into a mortgage loan. The interest due for the duration of the construction loan (construction loan interest) is included in the consolidation.
Interest is calculated fairly
The interest is calculated on the amount of the loan actually used. You only pay for the work which has been completed.
Further information
Lending rate and commission
- For current rates, please ask your adviser
- Quarterly commission: ¼ % calculated on the highest debit balance
Fees and charges
- From a construction account: account maintenance fee CHF 15 per quarter, including payment transaction fees
- From another type of account:
- Payment transaction fees:
- For payments in Switzerland: included in the account maintenance fees
- For payments abroad: CHF 25 per payment abroad
- Other fees: refer to the brochure
- Payment transaction fees:
- Handling fee: 1‰ (minimum CHF 500)