Home energy efficiency loan

Examples of the annual percentage rate

Home Energy Efficiency Loan

The initial annual percentage rate is 4,501% on the following (example) conditions:

loan of €42 000;
floating interest rate 1,99% per annum + 6 months' Euribor (as at Nov 9 2022 the 6-month Euribor rate was 2,333%; the rate set out in your agreement may change every 6 months);
contract fee of €99;
repayment period of 20 years;
number of repayments 240;
the sum of repayments €63 257,13;
the total cost of the credit €21 158,13;
the total sum of the credit €63 356,13.

The rate is calculated on the assumption that the amount of credit is being issued immediately and in full and that the basic amount and interest will be repaid as monthly annuity payments. The loan agreement is secured with a mortgage. Upon taking a loan, a home insurance contract must be entered into. The rate does not include costs associated with the establishing or insuring of collateral.

Improve the energy efficiency of your house

The loan is suitable for making your house more energy-efficient – insulating, changing the heating system, or other works!

Loan collateralized by real estate starts from 20 000 €.
Special interest rate, starting from 1.79% + 6 month euribor*.
For energy efficiency improvements in your private house.

* Negative Euribor equals to zero.

NEW! If you want to buy a heat pump or solar panels, the loan for solar panels may be suitable for you.

Maximum loan amount calculator

Your total monthly payment cannot exceed 50% from your monthly incomes. We recommend You decrease calculated loan amount or consider to change loan term.

Applying with a co-applicant

1more than 2

More than one dependant in family

Dependants are deemed to be children of up to 18 years of age and family members who have no regular income (e.g. a spouse who is on parental leave and does not receive the parental benefit).

012 or more

I have existing loan obligations (incl. in Swedbank)

The income means the wages or other proven remuneration received on the current account. If you take out a loan with a co-applicant, please add your total income to the calculator.

€

Small loan, credit card, overdraft, line of credit, study loan and other short-term credits

€

Insure your

Home By insuring your home you will protect yourself from unexpected expenses in connection with your home, home contents or damage caused to third parties. The monthly payment is indicative and the calculation is based on the following data: 50 sq. m. apartment in a concrete building with 15 000 EUR cover for home contents and 15 000 EUR cover for liability insurance.
From 0€
Life Life insurance helps the family cope with financial difficulties they may face when a family member dies or becomes unable to work. We recommend the life insurance amount that covers at least 24-month income and all loan commitments. The monthly insurance payment is calculated for the person in the age of 35 and for the recommended life insurance amount, which considers both the chosen loan amount and income. The calculation is indicative and may differ from the offer you receive.
About 0€
Loan payments In case of temporary loss of income due to incapacity for work or unemployment for more than 30 days, the insurance will help you cover your monthly loan payments. The insurance premium is 3% of your monthly loan payment.
From 0€

Loan

Monthly loan payment (without Insurance)
0€
Maximum loan amount
0€

Compare different loan options

See the examples of the annual percentage rate

Loan and Insurance payment calculations are approximate and may differ from your personal offers. Home insurance and loan payments protection insurance is provided by Swedbank P&C insurance AS. Life insurance is provided by Swedbank Life Insurance SE.

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.

Determine how much you can expect to borrow based on your current salary and financial commitments.
Think through your renovation plans and how much it will cost.

Fill in the application on the Internet Banking site and get a consultation.
Evaluation by an independent valuator of real estate and cost estimation will be needed after consultation.
The bank notifies you of its loan decision.

Sign the loan agreement on the Internet Banking site and set up home insurance or review your insurance covers.
After the notarial transaction, the bank will disburse the loan.

Loan amount from € 20,000.
Loan up to 85% of collateral value.
Loan term up to 30 years.
Income at least €800 per month after taxes, at least €1050 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.

Calculate notary and state fees

Historical base rate

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

Effective as of 01.02.2023

Housing loan and Home equity loan
Agreement fee	1% of the loan amount, no less than 190 € (no less than 400 € when financing construction)
KredEx collateral fee	3 % of the surety amount
Amendment of the agreement	190 €
excl. loan principal repayment holiday	95 €
excl. amendment of the payment date (in branch or in Internet Bank)	free of charge
excl. amendment of the servicing account (in branch or in Internet Bank)	free of charge
Lowering the interest rate, formalisation of an additional sum	1% of the loan amount, no less than 190 €
Early repayment fee (including partial repayment)
in a branch Euro interest loans concluded before 2022 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. Euro interest loans concluded since July 2022 The early repayment fee is 1% of the loan amount to be repaid if the period between the early repayment and the fixation period repayment date is longer than one year and 0.5% if the period does not exceed one year. More detailed conditions for determining the fee are provided in the loan agreement.	the amount of 3 months' interest (not applied in case of 3 months' advance notice)
in digital channels (not fixed interest rate loans)	the amount of 1 month interest
Fee for processing arrears	3,20 €
Penalty	ECB interest rate + 8% a year (currently 0.029% a day, 10.50% a year) 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.
Student loan
First application	free of charge
First application via the Internet Bank	free of charge
Refinancing	7 €
Amendment of the repayment schedule (frequency of repayment and amendment of the due date of the schedule)	free of charge
Preparation of a special schedule	16 €
Penalty	ECB interest rate + 8% a year (currently 0.029% a day, 10.50% a year) 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.
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
Early repayment fee (including partial repayment)	free of charge
Credit line
Annual interest rate	13-22%
Agreement fee	1,5% of the credit limit, no less than 35 €
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 €
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 + 8% a year (currently 0.029% a day, 10.50% a year) 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.
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
Small loan
Annual interest rate	starting from 9,90%
Agreement fee	1,5% of the loan amount, no less than 35 €
Formalization of an additional amount	1,5% of the additional amount, no less than 35 €
Amendment of the agreement	25 €
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 €
Repayment of the loan (including partial repayment)	free of charge
Penalty	ECB interest rate + 8% a year (currently 0.029% a day, 10.50% a year) 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.
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
Car loan
Annual interest rate	starting from 7,90%
Agreement fee	1,5% of the loan amount, no less than 100 €
Amendment of the interest rate	50 €
Other fees	according to small loan price list
Home small loan
Annual interest rate	starting from 7,90%
Agreement fee	1% of the loan amount, no less than 100 €
Formalization of an additional amount	1% of the additional amount, no less than 100 €
Amendment of the interest rate	50 €
Other fees	according to small loan price list

With the self-service feature, you can:

change free of charge payment date after the monthly payment has been made;
change free of charge 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 loan agreement application.

Real Estate Evaluators accepted by Swedbank to value commercial and residential properties

Real estate company	Address	Phone
1Partner Kinnisvara Area: whole Estonia Property type: residential and commercial property www.1partner.ee	Rävala pst 3, Tallinn 1partner@1partner.ee Soola tn 2, Tartu tartu@1partner.ee	66 84 700 50 46 190 73 66 006
Arco Vara Kinnisvarabüroo OÜ offices Area: whole Estonia Property type: residential and commercial property www.arcovara.ee	Tallinna office Rävala pst 5, Tallinn tallinn@arcovara.ee	614 4600
	Tartu office Soola 8, Tartu tartu@arcovara.ee	744 2218
	Pärnu office Rüütli 47, Pärnu parnu@arcovara.ee	447 1430
	Viljandi office Lossi 18, Viljandi viljandi@arcovara.ee	435 9969
	Rakvere office Turuplats 7, Rakvere viru@arcovara.ee	324 0888
	Narva office P. Kerese 2, Narva narva@arcovara.ee	357 7227
	Jõhvi office Rakvere 16, Jõhvi johvi@arcovara.ee	337 0400
Arco Vara Kinnisvarabüroo OÜ representatives	Saaremaa representative Diana.Nomme@arcovara.ee	514 1045
	Hiiumaa representative Diana.Nomme@arcovara.ee	514 1045
	Haapsalu representative haapsalu@arcovara.ee	555 222 55
	Otepää representative Kerli.Koha@arcovara.ee	565 076 37
	Valga representative Kerli.Koha@arcovara.ee	565 076 37
	Jõgeva representative Kerli.Koha@arcovara.ee	565 076 37
	Võru representative Kerli.Koha@arcovara.ee	565 076 37
	Põlva representative Kerli.Koha@arcovara.ee	565 076 37
	Järvamaa representative paide@arcovara.ee	512 4236
Colliers International Advisors OÜ Area: whole Estonia Property type: commercial property www.colliers.ee	Valukoja tn 8, Tallinn Colliers.Estonia@colliers.com	616 0777
Domus Kinnisvara Vahendus OÜ Area: whole Estonia Property type: residential and commercial property www.domuskinnisvara.ee	Pärnu mnt 130, Tallinn info@domuskinnisvara.ee	646 4035
	Riia 4, Tartu tartu@domuskinnisvara.ee	742 3100
	Pikk tn 12, Pärnu parnu@domuskinnisvara.ee	443 1154
	Fama tn 10/2, Narva narva@domuskinnisvara.ee	356 6411
	Tallinna tn 6, Viljandi viljandi@domuskinnisvara.ee	433 4411
	Kauba tn 5, Kuressaare kuressaare@domuskinnisvara.ee	453 6433
Eri Kinnisvara OÜ Area: whole Estonia Property type: residential and commercial property www.eri.ee	Tartu mnt. 16, Tallinn hindajad@eri.ee	606 0077
Kaanon Kinnisvarabüroo OÜ Area: whole Estonia Property type: residential and commercial property www.kaanon.ee	Tallinna office Tartu mnt 80, Tallinn tallinn@kaanon.ee	665 9585
	Tartu office Riia 24, Tartu tartu@kaanon.ee	735 0850
Kinnisvaraekspert OÜ Kinnisvaraekspert Pärnu OÜ Area: whole Estonia Property type: residential and commercial property	Kinnisvaraekspert OÜ Pärnu mnt 82, Tallinn tallinn@kinnisvaraekspert.ee	626 4250
	Kinnisvaraekspert Pärnu OÜ Pikk tn 12, Pärnu parnu@kinnisvaraekspert.ee	442 0700
Lahe Kinnisvara Area: whole Estonia Property type: residential property www.lahekinnisvara.ee	Tallinna office Peterburi tee 2f, Tallinn tallinn@lahekinnisvara.ee	608 0530
	Tartu office Lai tn 39, Tartu tartu@lahekinnisvara.ee	5622 2313
	Viljandi office Tallinna 19/21, Viljandi viljandi@lahekinnisvara.ee	512 4565
	Pärnu office Malmö 23, Pärnu parnu@lahekinnisvara.ee	5645 8687
LVM Kinnisvara OÜ Area: whole Estonia Property type: residential and commercial property www.lvm.ee	Keskväljak 1, Pärnu parnu@lvm.ee	4 477 000 56 56 800
	Tallinna 16, Kuressaare kuressaare@lvm.ee	4 526 700
	Pärnu mnt 29, Tallinn tallinn@lvm.ee	68 43 700 5694 1700
	Ülikooli 6a, Tartu tartu@lvm.ee	710 2000
Newsec Valuations EE OÜ Area: whole Estonia Property type: commercial property www.newsec.ee	Pärnu mnt 12, Tallinn info@newsec.ee	5346 8308
Ober-Haus Hindamisteenuste OÜ Area: whole Estonia Property type: residential and commercial property www.ober-haus.ee	Narva mnt 53, Tallinn info@ober-haus.ee	6 659 700
	Narva mnt 27A, Tartu tartu@ober-haus.ee	7446 500
	Keskväljak 4, Jõhvi johvi@ober-haus.ee	33 70 768
Pindi Kinnisvara OÜ offices Area: whole Estonia Property type: residential and commercial property www.pindi.ee	Tallinna office Tartu mnt. 16, Tallinn tallinn@pindi.ee	610 3900 512 0280
	Rapla office Tallinna mnt 12, Rapla rapla@pindi.ee	482 1408
	Tartu office Kaluri 2, Tartu tartu@pindi.ee	744 1116
	Pärnu office Aida tn 5, Pärnu parnu@pindi.ee	447 1075 521 4985
	Narva office Puškini 10, Narva narva@pindi.ee	357 5115
	Rakvere office Turu plats 3, Rakvere rakvere@pindi.ee	327 7100
	Kuressaare office Tallinna 16, Kuressaare kuressaare@pindi.ee	452 9500
	Paide office Pärnu tn 6, Paide paide@pindi.ee	384 6015
	Valga office Vabaduse 26, Valga valga@pindi.ee	610 3903
	Viljandi office Tartu tn 11/Lossi 29, Viljandi viljandi@pindi.ee	433 0111
	Haapsalu office Tallinna mnt 1, Haapsalu haapsalu@pindi.ee	472 0830
	Jõhvi office Keskväljak 4, Jõhvi johvi@pindi.ee	332 7676
	Võru office Kooli 6, Võru voru@pindi.ee	786 0936
Pindi Kinnisvara OÜ representatives	Põlva representative Sander Valdas sander.valdas@pindi.ee	514 9289
	Türi representative Maire-Anu-Liis Oidsalu maire.oidsalu@pindi.ee	5667 9221
	Kärdla representative Anti Suu anti.suu@pindi.ee	504 2164
	Tapa representative Anu Veldre anu.veldre@pindi.ee	501 3658
	Jõgevamaa representative Ege-Grete Engbusk ege-grete.engbusk@pindi.ee	5551 5382
RE Kinnisvara AS Area: Harju- ja Raplamaa Property type: residential and commercial property www.re.ee	Telliskivi 60/2, Tallinn info@re.ee	6 688 666
Uus Maa Kinnisvarabüroo OÜ Area: whole Estonia Property type: residential and commercial property www.uusmaa.ee	Maakri 19/1, Tallinn uusmaa@uusmaa.ee	627 2600
	Ülikooli 2, Tartu tartu@uusmaa.ee	744 1144
	Akadeemia tee 7, Pärnu parnu@uusmaa.ee	442 0380
	Turu plats 5, Rakvere rakvere@uusmaa.ee	322 3601
	Rakvere 17, Jõhvi johvi@uusmaa.ee	337 9750
	Pargi 16, Kuressaare kuressaare@uusmaa.ee	520 4955
	Lossi 22, Viljandi viljandi@uusmaa.ee	435 1361
	Jõgeva representative jogeva@uusmaa.ee	58 14 5068
	Haapsalu representative haapsalu@uusmaa.ee	56 241 810
	Võru representative voru@uusmaa.ee	53 73 0096

The loan is suitable for the purchase and installation of a heat pump and solar panels on your house or land.

Offer

If you are planning to borrow less than €20,000 for home improvements – we recommend taking a look at these 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.

If you have any questions, please contact us at

phone(+372) 613 1324 (Mon-Fri 09:00-17:00)

Home energy efficiency loan

Examples of the annual percentage rate