No, Lombard loans are only available at a variable rate.
Each year, your credit file is reviewed by the credit committee. As part of this review, we will ask you to provide: a wealth statement, your most recent tax return, and any other relevant information. If the borrower is a company, the most recent balance sheets will also be required.
Yes, you can contact your Private Banker, who will provide you with the terms and conditions.
A rate change is subject to a credit decision and the terms of your contract; you can contact your private banker to submit your request and get more information.
Each year, your credit file is reviewed by the credit committee. As part of this review, we will ask you for: a wealth statement, your latest tax return, and any other relevant information... If the borrower is a company, the latest financial statements, will also be required.
Yes, you can contact your private banker, who will provide you with the terms and conditions. Depending on the type of interest rate and conditions of your loan an early repayment fee may apply.
The bank will contact certified real estate appraisers and provide you with several options. You can choose from the list of proposed property valuers, and ING will then contact the selected expert to inform them of the valuation to be conducted.
Each year, your loan file is reviewed by the credit committee. As part of this review, we will ask you for: a wealth statement, your latest tax return, the multi-risk insurance certificate for the financed property, or any other relevant information. If the borrower is a company, the latest financial statements will also be required.
The repayments are monthly and begin the month after drawing down the home loan in full.
These monthly payments depend on things like the interest rate, the term and the amount of credit granted.
The interest rate on your home loan can be variable, reviewable fixed or fixed.
In the case of variable-rate home loans or fixed-rate loans that can be revised during a variable-rate period, early repayment or higher repayments than provided for in the contract are possible free of charge.
In all other cases, compensation will be payable to the bank and will be communicated to you on request.
No. The variable rate can rise or fall over time depending on market conditions. It is not subject to a cap and can increase without any predefined upper limit.
It fluctuates primarily in response to the monetary policy decisions of the European Central Bank (ECB).
The Adjustable Fixed Rate (AFR) during the variable-rate period is indexed to the 6-month Euribor.
We invite you to contact your ING advisor as soon as possible to inform her/him of your plans to leave Luxembourg. We will then give you the various conditions to be met in order to keep your home loan.
Outstanding balance insurance (ASRD), notarised loan agreement expenses, loan interest. For more details, see our article "How to optimise your tax returns".
The “reviewable rate” is a fixed rate subject to periodical revision that allows you to secure your short or medium-term repayment capacity, whilst still maintaining the flexibility to go back to a variable rate or fixed rate for pre-defined periods in order to benefit from potential market opportunities.
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An unexpected expense? An impulse to finance? The Standby Credit Facility gives you access to additional funds at any time.
By adding a standby credit facility to your current account, you have a permanent credit facility making it easier to meet your needs at any time.
The Borrower must inform the Bank before making an early repayment. If the repayment is partial, the duration of the loan stays the same, and the prepaid amount only reduces future instalments.
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