Our loans are designed for the refurbishment and modernisation of building components jointly owned by condominia/housing co-operatives, including the following:

• refurbishment of the external facade, roof or staircase;
  
• refurbishment and lining of chimneys on the roof;
  
• installation of central heating, upgrading the heating system;
  
• refurbishment of cables and pipes: water, electricity, gas and sewage;
  
• replacement or modernisation of doors and windows
  
• refurbishment of the fencing, staircase, lift or shared storage facilities;
  
• refurbishment of utilities;
  
• replacement of individual heating units by the community;
• refurbishment and installation of an entry phone system.

UniCredit Condominium loan can be applied for any refurbishment and improvement work in condomina and housing co-operatives.

For a Combined Condominium loan:

• the condominium or housing co-operative may conclude one preliminary savings contract for housing purposes;
  
• the bank loan may be requested immediately after savings for one month have been certified;
  
• For a Combined loan, the loan amount can be 100% of the savings amount stated in the contract for preliminary housing savings.

For a Group Condominium loan:

• the loan, combined with a Fundamenta-Lakáskassza housing-savings contract concluded by the condominium and owner individuals is available in HUF and EUR, with a market interest rate, or in HUF, with state interest subsidy (the interest subsidy is subject to special conditions).

Please contact our branch staff or call us for further information.

• you do not need to provide any tangible collateral, only establish a pledge on your housing savings for the bank;
  
• you will be entitled to state subsidy up to 30% (with fixed upper limit) based on the housing savings deposits, pursuant to Act CXIII of 1996 for contracts concluded by natural persons and condominia, which will reduce the actual costs of your loan;
  
• state subsidy is available in 70% of the interest for the first 5 years of the term and 35% of the interest in the second 5 years of the term of the HUF loan providing that the reconstruction fund generated by the condominium or housing co-operative complies with the requirements of Government Decree No. 12/2001 (I.31.) on state subsidy for housing purposes, i.e., the loan is available at a very favourable interest rate.

Are you looking for an account package that is designed for the needs of a condominium?

Our Condominium account package is available with numerous services. Click here for more information!

Can the residents also refurbish their homes?

Would you like new tiles or to install the Internet in your home? Would you like to use renewable energy sources to heat your home? The residents of your condominium can do all that with a Refurbishment loan! They can use the loan to finance many other refurbishment and modernisation projects.  An account kept by UniCredit Bank and property insurance for the real estate serving as collateral, encumbered with a pledge for our bank are the disbursement conditions of the loan. UniCredit Bank has joined the Code of Conduct and is bound by its provisions.

• List of documents to be submitted
  
• List of Conditions for Small Business Loan Fees
• Loan application