The mortgage incentive loan is an additional loan that you take out in addition to your existing mortgage. This means that the new loan is supplemented to your existing mortgage. In this case, therefore, you are not taking out a personal loan. This loan has different terms. For amounts up to and including €20,000, the maximum term is 15 years. For amounts from €20,001 to €40,000, the maximum term is 30 years. The interest rate of the mortgage incentive loan is 1.90% and is always annuity-based. The following Requirements apply to the mortgage incentive loan:

• In the case of two or more owners, together they count as applicants; 
• if you want to apply measures to enable longer independent living at home (think, for example, of the accessibility of the home), one of the two owners is at least 50 years old. For other measures, this age requirement does not apply; 
• You live in the municipality of Nuenen c.a. for at least one year;
• the amount of the loan is a minimum of €2,500 and a maximum of €40,000 (including VAT);
• the work to implement the measures must not have started before the loan is granted.

The table below shows what the actual costs may be if you want to take out an incentive mortgage loan.

Mortgage Incentive Loan

- Loans from €2,500 to €20,000 with a maturity of 15 years, interest rate 1.90%

- Loans from €20,001 to €40,000 with a term of 30 years, interest rate 1.90%

* Interest is fixed throughout the term. Interest may be eligible for tax deductibility. Consult the Internal Revenue Service for more information.
** This is the total cost of taking out and repaying your loan.
*** These are the total cost of the loan, expressed as an annual percentage of the total loan amount