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What is the ECORENO credit?

The ECORENO credit provides a financing solution for the renovation and improvement of the energy performance of your home. It offers a complete financing solution, at a preferential rate, whatever the nature of the work. Depending on the analysis of your file, the ECORENO loan is either a mortgage loan or a consumer loan. The ECORENO credit is intended for owners, future owners and tenants.

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What type of renovations can I finance?

The advantage of the ECORENO loan is that you can finance ALL types of work with the same favourable rate. From traditional renovation to energy efficiency improvements and renovation work to adapt your home due to a loss of autonomy, the possibilities for carrying out work with the ECORENO loan are very broad.

If you wish to carry out renovation work to adapt your home for greater autonomy, you can benefit from the support of a Solival occupational therapist who will analyse your needs and advise you during a free home visit.

Want to know if you can finance your renovation project with the ECORENO credit? Here is a non-exhaustive list of work that you could undertake.

What grants are available to me?

For certain types of work, you can benefit from RENOLUTION grants.You can find all the information on the website of renolution.brussels.

If you wish to evaluate the amount of these grants, you can carry out a simulation on Irisbox. Homegrade and the Réseau Habitat can provide you with information on how to obtain these grants

Classic renovation

  • Electricity 
  • Installation of sanitary facilities
  • Renovation of the roof
  • Structural work 
  • etc.

Energy

  • Insulation and ventilation works 
  • Efficient heating system 
  • Roof insulation 
  • Efficient gas boiler 
  • Insulation of external walls 
  • Thermal regulation
  • Renewable energy work 
  • Floor insulation 
  • Super-insulating glazing 
  • Photovoltaic system
  • Controlled mechanical ventilation
  • Heat pump
  • Solar water heaters
  • Solar water heaters
  • etc. 

Autonomy

  • Adaptation of sanitary facilities
  • Securing the home
  • Adaptation of the kitchen
  • Communication aids
  • Technical aids for mobility
  • Placement of a system for lifting and transferring people
  • etc.

What form does the ECORENO credit take?

How much?

ECORENO mortgage creditECORENO consumer credit
The amount that can be borrowed depends on your financial capacity and may not exceed 120% of the value of the property, if necessary after work has been carried out (expertise).

However, if you already have a mortgage with another financial institution (bank), the conditions for accessing the ECORENO mortgage credit may be more restrictive (see FAQ).		The minimum loan amount is €1,500 and the maximum is €25,000. It depends on your financial capacity but does not exceed the cost of the renovations.

 

For whom?

ECORENO mortgage creditECORENO consumer credit
  • Future buyer of a property,
  • Homeowner-occupier,
  • Landlord
  • Future buyer of a property
  • Owner-occupier
  • Owner-lessor
  • Tenant under certain conditions

 

What is the duration of the credit?

ECORENO mortgage creditECORENO consumer credit
The maximum duration is 30 years from the start of the capital repayment. Apart from exceptions, the loan must be fully repaid by the time the younger borrower reaches the age of 70.The maximum duration is 10 years from the start of the capital repayment. Apart from exceptions, the loan must be fully repaid by the time the younger borrower reaches the age of 70.

 

Is there a possibility of taking over outstanding loans?

ECORENO mortgage creditECORENO consumer credit
This is possible with a minimum of € 3,600.There is no possibility of taking over loans, but it is possible to take out several loans with a maximum outstanding amount of €25,000.

 

What is the monthly payment?

ECORENO mortgage creditECORENO consumer credit
The minimum monthly payment is €25 and will depend on the amount borrowed, the interest rate and the duration of the loan.The minimum monthly payment is €25 and will depend on the amount borrowed, the interest rate and the duration of the loa

 

To whom are the funds paid?

ECORENO mortgage creditECORENO consumer credit
To you or to third parties upon presentation of invoicesTo you, upon presentation of invoices

 

What guarantees do I need to provide? 

ECORENO mortgage creditECORENO consumer credit
  • A mortgage and an assignment of a claim
  • Any security deemed justified
  • Fire insurance

 

  • An assignment of a claim
  • Any security deemed justified
  • Fire insurance

 

What are the costs of credit?

ECORENO mortgage creditECORENO consumer credit
  • Notary's fees for credit deeds and mortgage registration
  • File and expertise fees
No charge

 

 

What are my obligations?

You must be permanently resident in Belgium and the property must be located in one of the 19 municipalities of the Brussels-Capital Region:

  • Anderlecht
  • Auderghem
  • Berchem-Sainte-Agathe
  • Brussels city
  • Etterbeek
  • Evere
  • Forest
  • Ganshoren
  • Ixelles
  • Jette
  • Koekelberg
  • Molenbeek-Saint-Jean
  • Saint-Gilles
  • Saint-Josse-ten-Noode
  • Schaerbeek
  • Uccle
  • Watermael-Boitsfort
  • Woluwe-Saint-Lambert
  • Woluwe-Saint-Pierre

What are the conditions?

For the ECORENO mortgage loan, you must not exceed the maximum income amount mentioned below. The income taken into consideration is your taxable income as it appears on your last notice of assessment at the time of the credit application.

Number of dependents

Single person or single parent household

All other households

0€69.721€88.736 
1€74.721 €93.736 
2€79.721 €98.736 
3€84.721 €103.736 
4€89.721*€108.736*

* These amounts are increased by €5,000 per additional dependent.

What will my rate be?

The benefit of the 1.5% rate is reserved for households whose income is lower than the following ranges: 

Number of
dependents		Single person or single parent householdAny other household

0

€43.000

€58.000 

1

€48.000

€63.000 

2

€53.000 

€68.000 

3

€58.000 

€73.000

4

 €63.000*

  €78.000*

The benefit of the 2.5% rate is reserved for households whose income is within the following of the following ranges:

Number of
dependents		Single person or single parent householdAny other household
0From €43,000 to €69,721From €58.000  to €88.736 
1From €48.000  to €74.721 From €63.000  to €93.736 
2From €53.000  to €79.721 From €68.000  to €98.736 
3From €58.000  to €84.721 From €73.000 to €103.736 
4From €63.000* to €89.721*From €78.000* to €108.736*

*These amounts are increased by €5,000 per additional dependent.

These rates are subject to change according to financial market developments.

The ECORENO credit in 5 steps

1. Prepare your project

Once you have carried out a simulation on our fonds.brussels website to obtain an initial estimate of the interest rate and repayment of your ECORENO credit, there are 2 options:

  1. If you do not yet have cost estimates for the work, you can contact Homegrade or Réseau Habitat to advise you on your renovation project and inform you of the steps you need to take to obtain the RENOLUTION premiums.
  2. If you have already asked for quotes for your future work, you can proceed to step 2.

2. Submit your application

You can book an appointment for your credit application by sending us your quotes by e-mail to infopret@fonds.brussels. We will contact you within 3 weeks to set up an appointment.

3. Compile your file

As part of the processing of your file, you will also be contacted by one of our technical staff in order to analyse the valuation that has been carried out and the work to be financed.

  • In the case of an application for a ECORENO consumer credit, no valuation will be required.
  • If your application concerns a ECORENO mortgage credit, a valuation of your property will be carried out.

4. Get the Fund's decision

If your credit is accepted, you will receive a letter confirming the granting of your credit and listing its main conditions.

  • Did you obtain a ECORENO consumer credit? If so, you do not need to go through a notary to sign your credit agreement.
  • Is your credit a ECORENO mortgage credit? Then you need to contact a notary. After signing your credit offer with the Fund, you will need to sign a mortgage security deed for this credit at the notary of your choice.

For the ECORENO mortgage loan, you must pay the Fund the appraisal costs (€324) and provide proof of payment before the Fund orders the expert to carry out the appraisal of the home. You must then pay the application fee (€60) within 8 days of your credit application being accepted. If you fail to do so, the loan offer cannot be finalised.

5. Sending your invoices

Once the invoices have been sent, the funds will be released and available. We will release the sums in accordance with the terms of your credit contract.

I launch the simulation of my ECORENO loan and I make an appointment!

Our online simulator allows you to make an initial assessment of the rate and repayment of your ECORENO loan. At the end of your simulation, you can make an appointment with one of our advisors.

I start my simulation
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© Serge Brison

Have you heard of the RENOLUTION?

With the ECORENO loan, the Fonds du Logement is an integral part of the Renolution, the new regional strategy for the renovation of buildings carried out by the Brussels-Capital Region with a very broad network of partners. 

It is a real energy revolution that has been launched. The aim? To reduce greenhouse gas emissions, while improving living comfort and reducing energy costs for the Brussels citizens. By 2050, all housing in Brussels will have to achieve an average energy performance level of PEB C+.

The ECORENO loan is therefore the financing tool offered to households to carry out their work. They can benefit from comprehensive and free support from Homegrade or the Réseau Habitat.

More info : www.renolution.brussels

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