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Home Energy Efficiency Loan

New!

Improve the energy efficiency of your house

House renovation. Even better than you planned.

New solution on making improvements to your house! Do it energy efficiently (for example, insulate your house, install modern heating or ventilation system or replace windows and doors) and you will get especially good loan conditions:

  • Special interest rate, starting from 1.99% + 6-month EURIBOR*.
  • Loan amount from 20,000 EUR.
  • Remote process for loan consultation and granting.
Fill in the application

* Representative example: When a loan of 35 000 EUR is taken out for a period of 20 years, the applied interest rate is 1.99% + 6 months EURIBOR, the monthly payment is 177.30 EUR, the loan disbursement fee is 420 EUR. Annual percentage rate (APR) – 2.17%. Total amount repayable by the consumer – 42 969.97 EUR.

Find out possibilities

Children under custody If you want to borrow on your own, specify your monthly income after taxes.

If you want to borrow together with a co-borrower, specify your combined monthly incomes after taxes.
Small loan, credit card, overdraft, line of credit, study loan and other short-term credits

Insure your Make sure that your newly renovated home is protected from unexpected damages (for example a storm blows your solar panels off the roof, electric fluctuations damage the geothermal heating system or a fire caused by home appliances). Insurance applies to your renovated and already existing structures, home contents and you can choose the liability amount based on your needs.

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Loan

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Apply as co-applicantFill in application

Loan and Insurance payment calculations are approximate and may differ from your personal offers. Home insurance and insurance against borrower's unemployment and incapacity for work insurance is provided by Swedbank P&C insurance AS. Life insurance is provided by Swedbank Life Insurance SE which are represented in Latvia by their branches and by the insurance agent Swedbank AS.

  • For improving of your existing private house (for example, private house, twin house, row house, country house), including works which improve energy efficiency, such as:

    • Insulation of all or separate structural elements of the house (walls, floor, ceilings, roof, foundation, etc.).
    • Installation of centralized or local ventilation system with recuperation.
    • Replacing doors and/ or windows with new/more energy efficient ones.
    • Installation of a heating system management tool.
    • Other tools which will improve energy savings (e.g. solar panels, LED lighting, etc.).
  • No need for a down payment as your property is the collateral.
  • Fill in the application on the Internet Banking site and get a consultation.
  • Evaluation by an independent valuator of acquired or pledged real estate will be needed after consultation.
  • Receive your loan offer.
  • After you finalize your planned renovations, don’t forget to share your result with the bank by sending in photos.
  • Loan amount from 20,000 EUR.
  • Loan up to 85% of collateral value.
  • Loan term up to 30 years.
  • Income at least 600 EUR per month after taxes, at least 800 EUR per month with a co-borrower.
  • Interest rate consists of individual interest margin from 1.99% + 6-month Euribor.
  • Additional expenses (notary, real estate valuation, pledge registration fee) and bank fees will apply to your loan.
  • Loan is repayable on the basis of annuity or amortization schedule within the agreed term by pre-determined monthly payments on your chosen payment date.
Mortgage loan interest rates
  • After completing your energy efficiency renovation work, you will need to send photos as proof.
  • If you fail to use the loan according to its purpose, the bank will have the right to increase the interest rate up to an individually agreed margin.

Fees

Mortgage Loan/Home Equity Loan

Service Price, EUR
Receiving
Loan application processing Apply for via Internet Banking Free of charge
Setting up and disbursement of credit 1.2% For Gold Service customers - 1% of the loan amount
Setting up and issuing the loan if secured by a term deposit 0.5% Min. 28.00 The loan amount may not exceed 98% of the deposit amount; the loan agreement must end at least 2 business days before expiry of the deposit agreement.
Determining the market value of the property 90.00 - 220.00 The fee will be reduced by EUR 10.00 if the valuation can be made without visiting the property.
Determining the present market value:
- Apartment – 90.00
- Single-family residential house – 180.00
- Land plot for construction – 120.00
Determining future market value:
- Apartment – 125.00
- Single-family residential house – 220.00
Valuation by Swedbank AS is prepared in abbreviated form and is not suitable for presenting to other credit institutions, and cannot be used for the needs of other individuals or legal entities.
Assessing and approving a property's reconstruction or construction cost estimate 55.00 In case of construction and reconstruction of the property to be valuated - always.
Assessing and approving a property's refurbishment cost estimate 35.00 Upon bank’s request.
Approval of the determined market value of residential property 30.00 If the valuation is by a valuator not on the list of the bank's approved valuators..
Using
Interest rate Set on case-to-case basis
Interest rate for a loan secured by term deposit 2% The rate is added on top of the term deposit rate
Interest rate revision 1.2%
Change of date of monthly payments Easier via Internet Banking Free of charge
Other changes in credit agreement 150.00 Depending on the type of changes in the agreement, it may be necessary to determine the market value of the property, for which a fee will be charged according to the Price List.
Changes in credit agreement in case of restructuring 75.00
Assessment of expenditure of funds at the construction site 50.00 - 75.00 If the loan is issued for refurbishment of property - 50.00
If the loan is issued for construction/reconstruction of property - 75.00
In case of construction and reconstruction - always.
In case of refurbishing - only upon bank's request.
Standard bank certificate (balance of the loan, interest and principal paid, overdues, loan collateral, consents, purpose of the loan) Easier via Internet Banking See Bank certificates, document requests, etc. Unless stated otherwise in the agreement.
Other type of certificates upon request Easier via Internet Banking See Bank certificates, document requests, etc.
Early partial repayment of credit Easier via Internet Banking Free of charge
Closing
Full early repayment of the loan Easier via Internet Banking Free of charge Note that there will be additional costs for notary services.
Document processing fee in case of re-financing the loan to other credit institution 426.00

Effective from 19.08.2020.

Consumer Credit for Home

Service Price, EUR
Receiving
Loan disbursement Easier via Internet Banking 1% of the amount, min. 100.00
Using
Interest rate From 7.9% per annum
Change of monthly payment date or the linked account Best value via Internet Banking 0.00 - 7.00
Other changes in the loan agreement Easier via Internet Banking 25.00
Early partial repayment of the credit Easier via Internet Banking Free of charge
Closing
Full early repayment of the credit Easier via Internet Banking Free of charge

Effective from 18.04.2017.

With the self-service feature, you can:

  • change payment date after the monthly payment has been made;
  • change payment account;
  • make early partial repayments.

In other cases (applying for a grace period, prolonging the payment term, change or release of additional collateral), fill in the application.

Taking out a loan also requires a real estate valuation.

If you want your property to be valuated simply, conveniently and fast, let Swedbank valuators take care of that! Swedbank valuations are prepared in abbreviated form and are not suitable for presenting to other credit institutions and cannot be used for the needs of other individuals or legal entities. The fee for Swedbank valuations is charged according to the bank’s price list.

For the possibilities of obtaining real estate valuation from Swedbank, ask your financial consultant at the bank!

Alternatively, real estate can be appraised by real estate valuators approved by Swedbank. In case of an external real estate valuation, Swedbank is entitled to revise the appraised value.

Appraisal of real estate types

Company Address Telephone Real estate type
RE eksperts Ernestīnes iela 12, Rīga 67544380, 26683829 Appraisal of all real estate types
Latio Krišjāņa Valdemāra iela 8, Rīga 67032300 Appraisal of all real estate types
Arco Real Estate Blaumaņa iela 5a-1, Rīga 67365555 Appraisal of all real estate types
Colliers International Advisor Krišjāņa Valdemāra iela 21, Rīga 67783333 Appraisal of all real estate types
Eiroeksperts Krišjāņa Valdemāra iela 20-9, Rīga 67365999 Appraisal of flats, single-family houses
Nira Fonds Brīvības iela 73-1, Rīga 67216678, 27011887 Appraisal of flats, single-family houses
Ober Haus Vērtēšanas serviss Gustava Zemgales gatve 76, Rīga 29557121, 67284544 Appraisal of flats, single-family houses
29229614 Appraisal of flats, single-family houses in other regions of Latvia
Langes pils Dzirnavu iela 31-1, Rīga 67505676 Appraisal of flats, single-family houses
VCG Ekspertu grupa Kr. Barona iela 31, Rīga 29722989, 67229008 Appraisal of flats, single-family houses
Jelgava 29543033, 63082556 Appraisal of flats, single-family houses in Kurzeme and Zemgale regions
Vestabalt Pulkveža Brieža iela 15, Rīga 67225555, 67323600 Appraisal of flats, single-family houses
Vindeks Lāčplēša iela 14, Rīga 67285403, 29235485 Appraisal of flats, single-family houses

If you are planning to borrow less than 20 000 EUR for home improvement – we recommend taking a look on this loan conditions.

A home loan will be the perfect solution if you need a loan for a new home or construction.

Make smart purchases with the help of the Small loan.

A loan for purchasing and installing solar panels to produce electricity for your own needs.

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