For apartment building renovation

Name, surname
Organization's name
Address
Number of apartments
Phone number
E-mail address

0% rate* + Euribor

Living in a house that’s in order is more pleasant

For a house that’s more energy-efficient, safer and cheaper to maintain. Find out your possibilities to get a loan of up to 100% of the renovation cost estimate plus you won’t need to pledge the property.

Special offer! 0% + Euribor interest rate for up to first 2 years*
For home heat-insulation
For roof or facade repairs
For putting heating and ventilation system in order
For repairing home communications and doing other repair work

Find out your possibilities to get a loan of up to 100% of the renovation cost estimate plus you won’t need to pledge the property.

* For new applications for apartment building renovation submitted by 30 September 2023. For the first 2 years, the interest rate will be 0% + 6-month Euribor. After that an individually set interest rate will be applied.

With Altum support program, a possibility to get a grant of up to 50% of the loan amount. Check here.

Three steps to start materializing the idea

Apartment owners agree on the work to be carried out and to apply for a loan
Determine the cost of work and consult the bank regarding the terms of loan
Submit the loan application

The bank’s specialists who deal with lending for apartment building renovation on daily basis will give valuable advice about attracting funding and the paperwork.

Financing of up to 100% of the project costs
Maximum loan repayment period - up to 20 years
At least 70% of apartment owners agree on carrying out the project
Over the past 12 months, at least 95% of the public utility bills have been paid on time
The association or the property management company can apply for the loan

Mortgaging the apartments or personal guarantees of apartment owners not required. The loan is secured by timely monthly payments by apartment owners for property management
Cash collateral to the amount of 2–3 monthly loan payments
Altum guarantee may be provided as additional collateral

Before preparing the documents, we suggest talking to a specialist of the bank.

Articles of association
Building management agreement
Information about the project - a description of work do be carried out and the construction cost estimate
Completed loan application and information about the public utility payment discipline

For projects with Altum grant

Altum’s confirmation on conformity of technical documentation with the DME program
Information about the amount of the grant to be made available
Energy audit
Other documents upon request by the bank’s specialist

Swedbank, in cooperation with Altum, offers a loan for renovation of apartment buildings and for improvement of energy efficiency. As part of the apartment building energy efficiency (DME) programme, the residents can:

materialize complex renovation of the apartment building, carrying out all the necessary energy efficiency improvement work, such as facade, basement covering and attic covering heat-insulation, roof replacement, replacement of windows and doors in communal spaces, renovation of heat supply system etc.;
get a gift - a grant amounting to 50% of the project costs.

More information about projects with Altum grant

Second breath for apartment buildings

Undoubtedly, it’s complicated for many apartment owners to agree on the direction of the general renovation of the house but it needs to be done.

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For Latvia’s most extensive apartment building renovation: Salapils experience story

The building had sustained serious damage due to ravages of time: crumbling bricks and plastering, cracks on the façade, damaged glass panes in the stairway, worn out windows.

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