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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 1.99% + 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. 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). 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

  • From  0
  • About   0
  • From  0

Loan

  • 0
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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.
  • 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.
  • 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.
  • 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 05.09.2022
Housing loan and Home equity loan
Agreement fee 1% of the loan amount, no less than 190 €
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 0.022% a day, 8.00% 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 0.022% a day, 8.00% 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 0.022% a day, 8.00% 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 0.022% a day, 8.00% 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
  • 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
614 4600
744 2218
447 1430
435 9969
324 0888
357 7227
337 0400

Arco Vara Kinnisvarabüroo OÜ representatives

514 1045
514 1045
555 222 55
565 076 37
565 076 37
565 076 37
565 076 37
565 076 37
512 4236

Colliers International Advisors OÜ

616 0777

Domus Kinnisvara Vahendus OÜ

646 4035
742 3100
443 1154
356 6411
433 4411
453 6433

Eri Kinnisvara OÜ

  • Area: whole Estonia
  • Property type: residential and commercial property
  • www.eri.ee
606 0077

Kaanon Kinnisvarabüroo OÜ

  • Area: whole Estonia
  • Property type: residential and commercial property
  • www.kaanon.ee
665 9585
735 0850

Kinnisvaraekspert OÜ

Kinnisvaraekspert Pärnu OÜ

  • Area: whole Estonia
  • Property type: residential and commercial property
626 4250
442 0700

Lahe Kinnisvara

608 0530
5622 2313
512 4565
5645 8687

LVM Kinnisvara OÜ

  • Area: whole Estonia
  • Property type: residential and commercial property
  • www.lvm.ee
  • 4 477 000
  • 56 56 800
4 526 700
  • 68 43 700
  • 5694 1700
710 2000

Newsec Valuations EE OÜ

  • Area: whole Estonia
  • Property type: commercial property
  • www.newsec.ee
5346 8308

Ober-Haus Hindamisteenuste OÜ

  • Area: whole Estonia
  • Property type: residential and commercial property
  • www.ober-haus.ee
6 659 700
7446 500
33 70 768

Pindi Kinnisvara OÜ offices

  • Area: whole Estonia
  • Property type: residential and commercial property
  • www.pindi.ee
  • 610 3900
  • 512 0280
482 1408
744 1116
  • 447 1075
  • 521 4985
357 5115
327 7100
452 9500
384 6015
610 3903
433 0111
472 0830
332 7676
786 0936

Pindi Kinnisvara OÜ representatives

514 9289
5667 9221
504 2164
501 3658
5551 5382

RE Kinnisvara AS

  • Area: Harju- ja Raplamaa
  • Property type: residential and commercial property
  • www.re.ee
6 688 666

Uus Maa Kinnisvarabüroo OÜ

  • Area: whole Estonia
  • Property type: residential and commercial property
  • www.uusmaa.ee
627 2600
744 1144
442 0380
322 3601
337 9750
520 4955
435 1361
58 14 5068
56 241 810
53 73 0096

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

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.

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)
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