Loan

Funds to expand your company

  • Loan from 5000 euros for your business needs.
  • Possibility to get financing against surety.
  • Access to financing simplified by guarantee programs.
Apply
The minimum amount for loan is 5000 EUR

The calculated monthly loan payment is for information only and gives an approximate idea.

  • 0EUR
Apply

Loan payment schedule sample

Payment Balance Principal repayment Interest payment Monthly payment
0 0.00 0.00 0.00 0.00
  • Suitable for short-term business needs.
  • For covering expenses related to promoting products and services.
  • To buy real estate, agricultural land or other fixed assets.
  • To construct or renovate buildings.
  • Loan amount from 5000 EUR.
  • Term up to 5 years (payment schedule up to 10 years), for purchasing agricultural land up to 20 years.
  • Annual interest rate depends on amount and collateral
    • average rate against surety 9%
    • average rate with mortgage 3,5%.
  • Possibility of grace period.
  1. Fill out the application in the Internet bank. We will contact you at the first possibility.
  2. If property collateral is needed, we will require a valuation report from a real estate agency accepted by the bank.
  3. Sign the agreement digitally.
  4. If necessary register the collateral and procure insurance.
  5. The money will be transferred to your account.
We can ask for the annual financial report (not older than 12 months) if it has not been submitted to the Commercial Register.
PRIVATE PERSONS Effective as of 18.03.2020
1. Housing loan and Home equity loan
1.1 Agreement fee 1% of the loan amount, no less than 190 EUR
1.2 KredEx collateral fee 3 % of the surety amount
1.3 Amendment of the agreement 190 EUR
loan principal repayment holiday free of charge
amendment of the payment date (in branch or in Internet Bank) free of charge
amendment of the servicing account (in branch or in Internet Bank) free of charge
1.4 Lowering the interest rate, formalisation of an additional sum 1% of the loan amount, no less than 190 EUR
1.5 Early repayment fee (including partial repayment)
in branch (2) the amount of 3 months' interest (not applied in case of 3 months' advance notice)
in Internet Bank (2) the amount of 1 month interest
1.6 Fee for processing arrears 3,20 EUR
1.7 Penalty ECB interest rate (1) + 8% a year (currently 0.022% a day, 8.00% a year)
2. Student loan
first application (in the 2019/2020 academic year) free of charge
first application via the Internet Bank free of charge
refinancing 7 EUR
amendment of the repayment schedule (frequency of repayment and amendment of the due date of the schedule) 7 EUR
preparation of a special schedule 16 EUR
penalty ECB interest rate (1) + 8% a year (currently 0.022% a day, 8.00% a year)
default interest after the due date of the loan (i.e. after termination of the agreement by the bank) annual interest rate under the agreement
compensation for prepayment of the loan amount or a part thereof (3,4) 1% of the prepaid loan amount or the part thereof if the period between the prepayment date and the loan maturity date is longer than one year
compensation for prepayment of the loan amount or a part thereof (3,4) 0.5% of the prepaid loan amount or the part thereof if the period between the prepayment date and the loan maturity date does not exceed one year
3. Credit line
annual interest rate 13%-22%
agreement fee in a branch 1,5% of the credit limit, no less than 45 EUR
agreement fee in Internet Bank (i.e. there is an offer) 1,5% of the credit limit, no less than 35 EUR
commitment fee 1,2% of the unused credit limit (annual rate)
automatic credit limit extension fee free of charge
increasing the credit limit 1% of the additional credit limit, no less than 35 EUR
credit limit reduction fee free of charge
amendment of the payment date free of charge
amendment of the servicing account free of charge
early termination of the agreement free of charge
penalty ECB interest rate (1) + 8% a year (currently 0.022% a day, 8.00% a year)
default interest after the end term of the agreement (i.e. after termination of the agreement by the bank) annual interest rate under the agreement
4. Small loan
annual interest rate 12,90-22,90%
agreement fee in a branch 1,5% of the loan amount, no less than 50 EUR
agreement fee in Internet Bank and Mobile Bank (i.e loan agreement concluded based on an offer) 1,5% of the loan amount, no less than 35 EUR
formalisation of an additional amount in a branch 1,5% of the additional amount, no less than 50 EUR
formalisation of an additional amount in Internet Bank 1,5% of the additional amount, no less than 35 EUR
amendment of the agreement 25 EUR
amendment of the payment date free of charge
amendment of the servicing account free of charge
re-registration of loan products into a small loan 1,5% of the loan amount, no less than 35 EUR
repayment of the loan (including partial repayment) free of charge
penalty ECB interest rate (1) + 8% a year (currently 0.022% a day, 8.00% a year)
default interest after the due date of the loan (i.e. after termination of the agreement by the bank) annual interest rate under the agreement
5. Car loan
annual interest rate 7,90-16,90%
agreement fee 1,5% of the loan amount, no less than 100 EUR
amendment of the interest rate 50 EUR
other fees according to point 4
6. Home small loan
annual interest rate 7,90-14,90%
agreement fee 1% of the loan amount, no less than 100 EUR
formalisation of an additional amount 1% of the additional amount, no less than 100 EUR
amendment of the interest rate 50 EUR
other fees according to point 4
LEGAL PERSONS Effective as of 01.05.2013
1. Investment loan
1.1 Application 1% of the loan amount, but no less than 195 EUR
Kredex Start-up loan 2% of the loan amount, but no less than 320 EUR
1.2 Additional application 1% of the additional amount, but no less than 195 EUR
Kredex Start-up loan 1% of the additional amount, but no less than 195 EUR
1.3 Additional application along with amendment of other terms and conditions of the agreement 1% of the loan amount (loan balance + additional amount), but no less than 195 EUR
Kredex Start-up loan 1% of the loan amount (loan balance + additional amount), but no less than 195 EUR
1.4 Amendment of the terms and conditions of the agreement (except along with an additional application) 1% of the loan amount, but no less than 195 EUR
Kredex Start-up loan 1% of the loan amount, but no less than 195 EUR
1.5 Early loan repayment fee 3% of the amount repaid early
2. Working capital loan
application 1% of the loan amount, but no less than 195 EUR
additional application 1% of the loan amount, but no less than 195 EUR
additional application along with amendment of other terms and conditions of the agreement 1% of the loan amount (loan balance + additional amount), no less than 195 EUR
amendment of the terms and conditions of the agreement (except along with an additional application) 1% of the loan amount, but no less than 195 EUR
early loan repayment fee 3% of the amount repaid early
3. Overdraft
application 1% of the limit, but no less than 195 EUR
additional application 1% of the additional limit, but no less than 195 EUR
additional application along with amendment of other terms and conditions of the agreement 1% of the total limit, but no less than 195 EUR
amendment of the terms and conditions of the agreement (except along with an additional application) 1% of the limit, but no less than 195 EUR
obligation fee 2% of the unused credit limit
4. Revolving credit line
application 1% of the loan amount, no less than 195 EUR
additional application 1% of the additional amount, but no less than 195 EUR
additional application along with amendment of other terms and conditions of the agreement 1% of the loan amount (loan balance + additional amount), no less than 195 EUR
amendment of the terms and conditions of the agreement (except along with an additional application) up to 1% of the loan amount, no less than 195 EUR
obligation fee 2% of the unused limit per year
early loan repayment fee 3% of the amount repaid early
5. Apartment association loan
application 1% of the loan amount, no less than 195 EUR
additional application 1% of the additional amount, no less than 195 EUR
additional application along with amendment of other terms and conditions of the agreement 1% of the loan amount (loan balance + additional amount), no less than 195 EUR
amendment of the terms and conditions of the agreement (except along with an additional application) up to 1% of the loan amount, no less than 195 EUR
amendment of payment dates of the loan repayment schedule or amendment of the type of the schedule up to 1% of the loan amount, no less than 195 EUR
early loan repayment fee 3% of the amount repaid early

(1) The interest rate applicable to the main refinancing operations of the European Central Bank (the ECB interest rate). The ECB interest rate is published in the Ametlikud Teadaanded. The default interest rate may change twice a year (on January 1 and July 1) if the ECB interest rate has changed.

(2) In the event of early repayment of a fixed-interest euro loan in the course of the period of fixation of the loan interest rate, an early repayment fee is charged as a difference between the contractual fixed interest rate of the euro and the fixed interest rate of the euro in the period from the early repayment until the end of the interest rate fixation. The early repayment fee is calculated on the respective period as from the date of early repayment until the contractual date of expiry of the fixation.

(3) If the collateral is property, the amount of the compensation may not be bigger than the amount the borrower would have paid as interest in the period between the prepayment date and the loan maturity date.

(4) Applies to the agreements concluded since 01.07.2011.

Contracts entered into between the European Investment Fund (EIF) and Swedbank enable us to provide loans and leasing services to micro, small and medium-sized enterprises in Estonia, Latvia, and Lithuania. The EIF aims at helping to finance and carry out investments in the European Union and ensuring greater access to capital. The guarantee programmes also help financing necessary investments if an enterprise does not have sufficient collateral.

EaSI guarantee

The objective of this program is to increase access to finance for micro-enterprises by offering additional guarantee from the EIF.

Requirements for using the EaSI guarantee:

  • Fixed assets and working capital are financed.
  • The maximum amount to be financed is 25 000 EUR.
  • The company has up to 9 employees.
  • Annual turnover is up to 2 million EUR or the balance sheet total is up to 2 million EUR.
  • The guarantee is free of charge.

To get the EIF-supported financing, ask your contact person in the bank or fill in an application.

The supported financing benefits from the support of the European Union under the Guarantee Facility established under Regulation (EU) No 1296/2013 of the European Parliament and the Council establishing a Union Programme for Employment and Social Innovation (EaSI) and the European Fund for Strategic Investment (“EFSI”) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.

COSME guarantee

Requirements for using the COSME guarantee:

  • Fixed assets and working capital are financed.
  • The maximum amount to be financed is 1.5 million EUR.
  • The company has up to 249 employees.
  • Annual turnover is up to 50 million EUR or the balance sheet total is up to 43 million EUR.
  • The guarantee is free of charge.

To get the EIF-supported financing, ask your contact person in the bank or fill in an application.

This financing is made possible thanks to the Guarantee that has been provided by COSME and the European Fund for Strategic Investment (“EFSI”) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.

To find out which financing option would work best for your company, sign up for a consultation!

Choose the purpose of financing and find suitable solution.

Before you apply for financing, evaluate your eligibility!