IFB Constant Loan
The IFB Constant Loan from the Hamburg Investment and Development Bank (IFB Hamburg) offers individuals the opportunity to finance the construction or acquisition of an owner-occupied home or condominium in Hamburg. The program is characterized by fixed loan conditions throughout the entire term, making the acquisition of residential property predictable and accessible. It is specifically tailored to the needs of private individuals in Hamburg who wish to acquire residential property.
Who is funded
The IFB Constant Loan supports natural persons in the construction or acquisition of owner-occupied residential property in Hamburg. The funding aims to enable and facilitate the acquisition of single-family homes and condominiums in the Hanseatic city.
What is funded
The IFB Constant Loan supports the construction or acquisition of owner-occupied single-family homes and condominiums in Hamburg. Various cost categories are considered, while the purchase of furnishings is excluded. The funding can be used for projects in the planning and implementation phase.
Type and Scope of Funding
Funding is provided in the form of a loan with fixed conditions for the entire term. The maximum loan amount is €100,000 per residential unit, which can finance up to 100% of the eligible costs. The loan term is 25 years, including a grace period of one year free of principal repayments.
Conditions and Requirements
Specific conditions apply to the utilization of the IFB Constant Loan regarding eligibility, cooperation partners, own contribution, and collateral. It is essential that the overall financing of the project is secured and the borrower's creditworthiness is demonstrated.
Application Procedure
Applications for the IFB Constant Loan are submitted through a financing institution of the applicant's choice, which must have a cooperation agreement with IFB Hamburg. The application must be submitted before the start of the project. IFB Hamburg advises and accompanies the application process.
Legal Basis
The IFB Constant Loan is implemented on the basis of specific legal provisions of the Hamburg Investment and Development Bank. The funding guidelines and other relevant information are publicly accessible.
Similar Programs
Funding Overview
Funding Status:
Open
Maximum Amount:
€100,000
Deadline:
always open
Open Until:
Ongoing
Award Channel:
Individual Aid
Region:
Hamburg (Germany)
Sectors:
Construction and Building Materials, Other
Beneficiaries:
Housing Construction & Modernization
Application Type:
Single Applicant
Funding Stages:
Planning, Implementation
Funding Provider
Program Level:
Regional
Funding Body:
Hamburg Investment and Development Bank (IFB Hamburg)
Managed By:
Hamburg Investment and Development Bank (IFB Hamburg)
Additional Partners:
Credit Institutions, Kreditanstalt für Wiederaufbau (KfW)