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Belgians are borrowing en masse for renovations due to high energy prices, number of energy loans is peaking

At BNP Paribas Fortis, almost half of the energy loans go to finance the installation of solar panels, 12% for insulation, another 12% for windows and double glazing and another 12% for a highly efficient boiler energy.

In Belfius, these loans are mainly used to finance insulation, the installation of a heat pump, a solar water heater, a high-efficiency boiler, solar panels or triple glazing,” says the bank, noting that the rates of these Loans are more advantageous than those of traditional home improvement loans.

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