The ECORENO credit, your solution to renovate!

The amount of credit you can borrow depends on your ability to repay. This amount cannot exceed the cost of the work, which may however be increased by the costs, taxes and fees inherent in the operation.

The interest rate on your loan will be a fixed rate of 1,5% or 2,5%. It will depend on the type of household you have (single/single parent or other), your income and the number of dependants.

The market value of the property before and after the work is estimated by the Brussels Housing Fund on the basis of the expert's valuation of the property.

In order to make and maintain the dwelling in compliance with safety, health and habitability requirements.

You have a maximum of 24 months to complete the work and draw down the funds to finance it.

No, for reasons of free competition, we cannot advise you on this subject.
 

You can get help by consulting the Crossroads Bank for Enterprises (https://economie.fgov.be/fr/themes/entreprises/banque-carrefour-des).

No, but this list is easily accessible, notably on the FPS Economy website.
 

Depending on the progress of the work, the amounts will be paid directly into your or the supplier's account on the basis of the invoices relating to the agreed work, which you must send to us together with your payment order.

Yes, but this will not change your commitment to make or keep the property compliant with safety, health and habitability requirements.

Yes, but you will still have to take into account the requirements in terms of town planning, safety, health and habitability and ensure that you comply with the labour regulations. However, you will not be able to benefit from a premium from the Brussels Region.

Yes, but the purchase will have to be made via a proper invoice.

Do not carry out any work until you are the owner of the property and have signed your deed of credit with your notary.

In this case, it is possible to request either a repayment of the outstanding amount limited to the capital you have already repaid under your current loan, or a supplementary loan which will be subject to notary's fees, or possibly an ECORENO consumer loan to carry out the work.

Yes, but the original budgets cannot be changed.

Yes, prior to such work, particularly if it involves planning permission to alter the original dwelling.

In principle not, but you must notify the Fund when your work is completed.

Contact the trustee in charge of managing the bankruptcy. You will find the necessary information on the Crossroads Bank for Enterprises website.

You should contact the relevant authorities (commune, notary) and follow their recommendations.

This is all the information on the regulatory, regional or municipal provisions that apply to a property. It is essential for any sale or transfer of real estate rights.

By visiting https://renolution.brussels. If necessary, you can also contact Homegrade (www.homegrade.brussels) or the Réseau Habitat partners (www.reseauhabitat.be). Their advisors will help you with all the related procedures free of charge.

The notary's fee includes the purchase deed fee and the credit deed fee. The purchase deed fee is calculated according to the purchase price. The credit deed fees are calculated according to the amount of credit borrowed. A reduction can be obtained on the amount of registration fees to be paid (e.g. 15% of the purchase price minus the reduction in registration fees, i.e. a maximum of €25,000 or even more under certain conditions).

The loan can include notary fees, but we recommend that you invest as much of your own money as possible in the transaction.

You can redo a simulation online or obtain a new credit simulation from a credit advisor by contacting us via the contact form and mentioning your simulation number as well as the changes in your situation. A member of staff will contact you to collect the information and carry out a new credit simulation.

You can make a simulation directly online and request an appointment at the same time.

Yes, you can do so at any time. You will have to pay a re-use indemnity corresponding to 3 months' interest calculated at the interest rate of the current credit. However, this is not due if the repayment is made in execution of an annexed contract (fire insurance or outstanding balance, if applicable) or if you receive a regional premium which would be allocated to the early repayment of the ECORENO loan.

We invite you to contact your notary for any further information.

You can sell your home at any time but you must inform us in writing before the sale and inform us of the desired selling price if you have acquired your home with a credit from the Fund, as the Fund has a right of pre-emption and therefore has a potential priority to buy it back at the price offered to you. When you sell your home, the notary will contact the Fund to find out if it wishes to exercise its right of pre-emption. At the time of the sale, the outstanding balance of the loan, plus any re-use allowance equivalent to 3 months' interest, will be repaid from the proceeds.

You always have the possibility of repaying your loan early, in part or in full, in return for a re-use fee. However, this is not due if the repayment is made in execution of an attached contract (fire insurance or outstanding balance, if applicable) or if you receive a regional premium that would be allocated to the early repayment of the ECORENO loan.

Contact our services beforehand: a member of staff will guide you through the process.

We are always at your disposal in case of payment difficulties. Don't delay in contacting our services: together we will look for the best possible solution.