Housing association
Renovo
The housing stock recovery program provides a comprehensive offer addressing financial needs of your apartment house by means of dedicated products and services designed for Apartment Owner Communities, apartment houses administered by Management Companies and Cooperative Building Societies, as well as for apartment wardens and owners.
By means of the Renovo program you can achieve:
- simple and prompt funding of your apartment house recovery,
- low expenses for keeping current accounts thanks to the service package administration account Komplet,
- access to accounts for 24 hours a day via electronic banking
Loans and bank guarantees for the recovery of apartment houses:
1. Loan for Apartment Owner Communities
- also for new established Apartment Owner Communities
2. Loan for apartment houses managed by
- Management Companies
- Cooperative Building Societies
3. Bank guarantee
- for loans drawn from the Public Fund for Housing Development, CSOB may provide a bank guarantee on behalf of the Client, and thus, the Client is not obliged to impose a lien on any immovable
Advantages of the Renovo program:
- a unique possibility to finance any necessary apartment house repair and reconstruction up to 100% without having one´s own funds available,
- without any guarantee up to EUR 10,000 per housing unit,
- loan maturity up to 25 years,
- fixed interest rate according to the Client´s choice,
- not necessary to submit an expertise.
In case of your visit at the Branch Office, do not forget to bring all necessary documents to enable your application for the Renovo program to be processed more quickly.