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Home Energy Efficiency Loan

Special offer!

Improve the energy efficiency of your house

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

* 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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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.

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 loan collateral and intended for submitting to Swedbank.

Real estate can be appraised by real estate valuators approved by Swedbank. If the appraisal is performed by a valuation company not included in the list, Swedbank will verify the correspondence of the value to the market situation and to the Latvian Valuation Standard LVS-401.

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
RE eksperts Ernestīnes iela 12, Rīga 67544380, 26683829 Valuation of all real estate types
Colliers International Advisor Krišjāņa Valdemāra iela 21, Rīga 67783333 Valuation of all real estate types
Latio Krišjāņa Valdemāra iela 8, Rīga 67032300 Valuation of all real estate types
Newsec Valuations LV Vesetas iela 7, Riga 67508400 Valuation of all real estate types
Arco Real Estate Blaumaņa iela 5a-1, Rīga 67365555 Commercial property valuation with market value of up to 300,000 EUR
Residential property valuation with market value of up to 200,000 EUR
In other cases - with the bank’s approval
Eiroeksperts Krišjāņa Valdemāra iela 20-9, Rīga 67365999 Residential property valuation
Nira Fonds Brīvības iela 73-1, Rīga 67216678, 27011887 Residential property valuation
Ober Haus Vērtēšanas serviss Gustava Zemgales gatve 76, Rīga 29557121, 67284544 Residential property valuation
VCG Ekspertu grupa Kr. Barona iela 31, Rīga 29722989, 67229008 Residential property valuation
Jelgava 29543033, 63082556 Residential property valuation
Langes pils Dzirnavu iela 31-1, Rīga 67505676 Residential property valuation with market value of up to 100,000 EUR
In other cases - with the bank’s approval
Vestabalt Pulkveža Brieža iela 15, Rīga 67225555, 67323600 Residential property valuation with market value of up to 100,000 EUR
In other cases - with the bank’s approval
Vindeks Lāčplēša iela 14, Rīga 67285403, 29235485 Residential property valuation with market value of up to 100,000 EUR
In other cases - with the bank’s approval

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!

Offer!

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.

Offer!

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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