Financing
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Construction loan – from the ground-breaking work to the mortgage loan
With a construction loan, you finance new construction as well as alteration or renovation. A separate construction account on a current account basis allows you to pay the invoices of the companies and tradespersons you commission from a single key account. After completion of the construction phase or at previously defined times, you have the option of converting the construction loan into one of our mortgages. The interest rate of the construction loan is variable and based on trends in the money and capital markets. Interest on debt and credit commissions are settled at the end of each quarter and debited directly from your construction account.
Your advantages
- Optimal overview of payments made according to construction progress
- Calculation of interest and commissions only on the debt balance that is actually claimed
- Free choice of another VP Bank mortgage product after completion of the construction work
Characteristics of a construction loan
| Interest rate | Variable, plus a credit commission |
| Interest date | Quarterly |
| Amortisation | None during the construction phase |
| Cancellation | At any time with advance notice of six months |
Restrictions
- Interest rate may fluctuate during the construction phase
Arrange an appointment now
Silvan Stettler
Head of Client Advisory Corporate Clients & Loans
Arrange an appointment now
Silvan Stettler
Head of Client Advisory Corporate Clients & Loans