Estonia: Kredex to start offering new loan for apartment building renovations

  • 2020-05-25
  • BNS/TBT Staff
TALLINN - Apartment associations are able to apply for a renovation loan in the sum of up to three million euros per association from the state credit foundation Kredex from Monday if banks have previously refused them loans or if the conditions offered are unreasonably costly. Triin Reinsalu, head of the department for dwellings and energy efficiency at Kredex, said that the number of apartment association that are seeking to renovate their building but are seeing their loan requests rejected by banks has been increasing over the past years, which is why said association...
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