Storm recovery loans and credit available immediately from BA-CA
- No arrangement fees, special interest rates from 4.5% (variable)
- For clearing up damage to buildings and replacing consumer goods
In the face of the floods and the resulting damage to buildings and consumer goods,
The storm recovery loan provides for the low-cost, long-term financing of repairs to damaged buildings. It has a maximum term of 25 years and a variable interest rate of 4.5% with special benefits for residential housing. Depending on the agreement, repayment can begin up to 12 months after the loan has been credited. Storm recovery credit is intended for the rapid replacement of consumer goods and vehicles. It has a maximum term of seven years and a variable interest rate of 5.875%. This product makes it possible to overcome potential financial shortfalls until such time as monies are paid out from insurance companies or disaster funds.
BA-CA's immediate storm recovery assistance is particularly aimed at victims urgently requiring finance, as a result of damages to buildings and consumer goods in the wake of the floods.
Enquiries: Bank Austria Creditanstalt Press Office Austria
Christian Kontny, Tel. +43 (0) 50505 EXT 52483