SAB Supplementary Loan for Housing Promotion

This program by Sächsische Aufbaubank (SAB) is aimed at owners of residential buildings or apartments in Saxony. It offers supplementary loans to complete the financing of owner-occupied residential property, provided the project is already funded by other public means. The goal is to support private individuals in realizing their construction, purchase, conversion, extension, or modernization projects.

The program of Sächsische Aufbaubank (SAB) funds all residential construction projects that are already supported by means from the European Union, the Federal Government, the State, or KfW. The funding includes modernization, construction, purchase, conversion, or extension of owner-occupied residential property. The focus is on supplementing the financing for these projects.

SAB grants supplementary loans, the amount and fixed interest period of which are agreed individually between the applicant and SAB. The interest rate is favorably set at the time of the loan commitment. Repayment is made in monthly annuity installments, with repayment generally beginning one year after commitment.

To be eligible for funding, applicants must be owners of the residential building or apartment, and their project must have already received funding from the EU, the Federal Government, the State, or KfW. The loans must be secured by a land charge in the land register, and the financial viability of the burden must be guaranteed long-term.

Applications for the SAB Supplementary Loan are submitted directly to Sächsische Aufbaubank (SAB) using the designated forms. It is important to submit the application in good time before the start of the project. SAB supports applicants with all necessary documents and during the application process.

The SAB Supplementary Loan for Housing Promotion is based on a specific guideline and serves to supplement already publicly funded housing construction measures. The accessibility of official documents is ensured via the Sächsische Aufbaubank website.