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Home Energy Efficiency Loan

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Improve the energy efficiency of your house

Get more beneficial terms if you wish to thermally insulate your home, install a ventilation system, replace windows and doors, change the heating facilities or carry out other repairs.

  • Interest rate: 1.79% + 6-month Euribor*
  • Loan amount from 20 000 EUR
  • Improve the energy efficiency of your home and apply in the state support programme

* Representative example: When a loan of 35 000 EUR is taken out for a period of 20 years, the applied interest rate is 1,79% + 6 months EURIBOR (2,32% on 02.04.2025.), the monthly payment is 215,20 EUR, the loan disbursement fee is 420 EUR. Annual percentage rate (APR) – 4,40%. Total amount repayable by the consumer – 52 065,01 EUR. Changes in the EURIBOR value will affect the amount of monthly payments, APR and the total amount repayable.

New! If you need a smaller amount, choose the Solar Panel Loan which is currently also available for purchasing a heat pump and wind generators.

Learn more

What are your needs?

Regular net monthly income at least 850 EUR per month after taxes, at least 1200 EUR per month with a co-applicant. Your current loan liabilities exceed the optimal monthly repayment amount. Loan is not available to you. Minimum loan amount is 20 000 euros. We recommend using the Small loan for smaller amounts. Minimum loan amount is 20 000 euros. We recommend using the Home small loan for smaller amounts. Average net income in the last 6 months. Specify the number of children of up to 18 years of age and/or number of dependants in your household.
Small loan, credit card, overdraft, line of credit, study loan and other short-term credits

Please, specify the total amount of all your existing monthly loan payments.

In monthly payments, also include details about any loans where you’re the surety and any loan obligations that you’ve assumed together with another borrower.
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The data provided by the calculator is for information only, however it gives you a picture of what could be the amount of your loan. Fill out the loan application and find out the terms of loan offered specifically to you.

 The total monthly payment can’t exceed %PERCENTAGE%% of your monthly income. Select a smaller loan amount or increase the loan term. Minimum loan amount is 20 000 euros. We recommend using the Small loan for smaller amounts. Minimum loan amount is 20 000 euros. We recommend using the Home small loan for smaller amounts.
  • Down payment starting from 15%.
  • In case of Altum the down payment can be reduced down to 5%.
  • Down payment may not be needed if you collateralize your own property.

Loan

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Insure your

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Repayment schedule

Basis for the calculation

Choose whether you would like to repay the loan on the basis of an annuity schedule or equal principal schedule.
- In case of an annuity schedule the advantage lies in the stability because the amount that you pay each month remains the same throughout the entire period.
- In case of an equal principal schedule the amount spent on interest payments is smaller. At the beginning, the repayments are larger, but each following payment is smaller than the previous one.
Payment date Balance Principal payment Interest payment Total monthly payment
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Results are approximate and may differ from conditions offered to you.

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.
  • Sign the loan agreement on the Internet Banking site and set up home insurance or review your insurance covers. New lending transactions may be concluded via Internet Banking between 7 AM and 10 PM. Automated aggregation and registration of data on transactions concluded during the day takes place after 10 PM and, pursuant to the Consumer Rights Protection Law, it is prohibited to enter into consumer lending contracts during night time until 7 AM.
  • After registration of the pledge in the Land Register, the bank issues a loan.
  • 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 850 EUR per month after taxes, at least 1200 EUR per month with a co-applicant.
  • Interest rate consists of individual interest margin from 1.79% + 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.

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.

The property being pledged requires an appraisal carried out by certified real estate valuator for bank-lending purposes and intended for submitting to Swedbank.

Real estate can be appraised by real estate valuators approved by Swedbank. All valuations performed by an accepted real estate appraiser above the set limit or by a appraiser not included in the list as well as all forest valuations that contain the value of the forest stand, will be verified by Swedbank.

Swedbank may review any external appraisal received (also ones by the approved valuators) and accordingly revise the market value stated there if it is not based on well-founded assumptions and does not represent the market situation at the time of valuation.

Real estate valuators approved by Swedbank

Company Address Telephone Real estate type / restrictions
Arco Real Estate Blaumaņa iela 5a-1, Riga 67365555 Commercial real estate valuations with market value:
– Up to 300,000 EUR – no limit
– Above 300,000 EUR require opinion by the bank’s valuator
Residential property valuation – no limit
Balanss-V Stabu iela 47-2, Riga 26277709 Residential property valuation with market value:
– Up to 150,000 EUR – no limit
– Above 150,000 EUR require opinion by the bank’s valuator
Colliers International Advisor Satekles iela 2B - 512, Riga 67783333 Valuation of all property types
Eiroeksperts K. Valdemāra iela 20-9, Riga 67365999 Residential property valuation
Latio Elizabetes iela 21A, Riga 67032300 Valuation of all property types
Langes pils Dzirnavu iela 31-1, Riga 67505676 Residential property valuation
LVKV Rīgas iela 39, Valmiera 64207022 Residential property valuation with market value:
– Up to 100,000 EUR – no limit
– Above 100,000 EUR require opinion by the bank’s valuator
Newsec Valuations LV Vesetas iela 7, Riga 67508400 Valuation of all property types
Nira Fonds Brīvības iela 73-1, Riga 67216678, 27011887 Residential property valuation
Ober Haus Vērtēšanas serviss Ieriķu iela 5, Riga 29557121, 67284544 Residential property valuation
PRIME Experts Kr. Valdemāra iela 33A-14A, Riga 22006653 Residential property valuation with market value:
– Up to 150,000 EUR – no limit
– Above 150,000 EUR require opinion by the bank’s valuator
RE eksperts Ernestīnes iela 12, Riga 67544380, 26683829 Valuation of all property types
Tribus Vērtēšana Vesetas iela 7, Riga 29416264 Residential property valuation with market value:
– Up to 150,000 EUR – no limit
– Above 150,000 EUR require opinion by the bank’s valuator
VCG Ekspertu grupa Kr. Barona iela 31, Riga 29722989, 67229008 Residential property valuation
Jelgava 29543033 Residential property valuation
Sigulda 29220941 Residential property valuation
Daugavpils 20333462 Residential property valuation
Vestabalt K. Barona iela 11-47, Riga 67323608, 26477700 Residential property valuation
Vindeks Lāčplēša iela 14, Riga 67285403, 29235485 Residential property 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!

For property purchase or renovation of your own property.

Special offer!

Suitable solution for purchasing or building a home.

Loan that can help you to fulfill your plans!
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15% discount on life insurance

Orange – it’s a sign to insure!

Life insurance provides financial peace of mind for you and your loved ones in case you’re unable to do so yourself.

Special offer! Insure your life by 8 June and get a 15% discount.

Contacts

“Swedbank” AS
Balasta dambis 15, Riga,
LV-1048, Latvia
BIC/S.W.I.F.T.: HABALV22
Reg. number: 40003074764

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This is Internet Banking site of companies offering financial services - "Swedbank" AS, "Swedbank Līzings" SIA, "Swedbank Atklātais Pensiju Fonds" AS, "Swedbank Ieguldījumu Pārvaldes Sabiedrība" AS, "Swedbank P&C Insurance" AS Latvia branch, "Swedbank Life Insurance" SE Latvia branch. Before signing any agreement read the terms and conditions of the respective service.