FAQ – Borrow

The amount of the credit granted will depend:

• on the amount you can allocate to the monthly repayments;
• on the quality of the asset to be financed, which is used as collateral;
• on your personal contribution.

Your financial resources must be sufficient to allow you to make your monthly payments, while ensuring a normal standard of living.

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.

The maximum term for home loans is 30 years, in general the loan should preferably be repaid before retirement age. Depending on the type of interest rate you choose, different maximum terms may apply.

Any private individual, acting for private purposes and with sufficient stable income to be able to repay the loan without difficulty.

The usual guarantees are:

• First home loan the real estate you would like to buy or build (the primary home loan);
• debt balance insurance to cover the outstanding borrowing in case of the death of the insured;
• fire insurance for the property subject to the home loan.

You can submit your application via any ING branch. Before visiting us you can always do an online simulation to get a first idea about your loan. 

When visiting us about a loan, we advise you to have the following documents to hand:

• documents relating to income: pay slips, salary, pension, etc.;
• ownership document, purchase agreement, sale agreement (depending on the case);
• plans, specifications and the estimated conversion or construction cost;
• if applicable, a copy of statements from other banks (proof of own funds, other income or existing loans);
• photo of the item to be financed,
• identity card(s) of applicant(s);
• any other document you consider useful in processing your application.

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.

30 years.

75 years old

This can take up to 10 working days

Application fees, notary fees and registration fees

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.

If you buy a new property, it is possible, under certain conditions, to transfer this rate to the new property. For more information, contact your bank via your My ING secure messaging system or contact the Contact Centre (+352) 44 99 1 (8 a.m. to 6 p.m. Monday to Friday)

Outstanding balance insurance (ASRD), notarised loan agreement expenses, loan interest. For more details, see our brochure "How to optimise your tax returns" https://www.ing.lu/webing/content/siteing/en/Individuals/my-money/categories/savings/how-to-optimise-your-tax-declaration.html

No, we do not finance property in France

If you are a first-time buyer for personal use in the G-D of Luxembourg, you are entitled to a tax credit on registration fees of €30,000 and €60,000 for a couple.

09.2023

If you are buying a house or flat as an investment or second home, you should include conveyancing costs of between 7% and 8% of the purchase price in your financing plan.

Along with our partner Foyer Vie Luxembourg, we can make you an offer for death and disability cover on your home loan. You may use another insurer offering similar terms and conditions 

Yes, you don't necessarily have to be married to take out a loan as a couple.

Any property owner, natural or legal person

As long as you are a Luxembourg taxpayer or equivalent, you will be able to deduct from your taxable income the debit interest up to EUR 336 per person in your tax household as well as the “Balance Remaining Due Insurance” premiums linked to this credit.

Depending on the nature of your investment, the financing method can be done in different forms.

Do not hesitate to contact us for more information.

It is primarily the nature of your project that will determine the eligibility of your credit. The bank reserves the right to accept your project depending on your financial situation and the nature of your project.

The maximum duration of a loan for energy efficency home improvements is 20 years.

1. Encode your project in the Klima Agence simulator to know the amount of aid you can receive;
   
   
2. Contact us via My ING;
   
   
3. Estimate your work;
   
   
4. Contact us again;
   
   
5. Start the work.

Compensation will be payable to the bank and will be communicated to you on request.