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Home Small loan

Bigger renovations or a new home?

The loan is suitable for construction, renovation and repairs, as well as purchasing a summer home or a plot of land.

  • Loan from €5000 to €20,000.
  • No security or down payment required.
  • If you are using the loan for repairs, the real estate must be in your name.
  • No monthly service fees.
  • Interest from 7.9%

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

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Fill in an application in 2 min Get personalized offer Sign the agreement via internet bank

Examples of the annual percentage rate

Home small loan

The annual percentage rate is 9,81% on the following (example) conditions:

  • loan of €11 000;
  • fixed interest rate of 8,9%;
  • contract fee of €110;
  • repayment period of 6 years;
  • number of repayments 72;
  • the sum of repayments €14 295,95;
  • the total cost of the credit €3 405,95;
  • the total sum of the credit €14 405,95.

The rate is calculated on the assumption that the amount of credit is being issued immediately and in full.

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Monthly payment:

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  • Perfect if you are planning major repairs at home, construction works or looking to renovate other immovable property in your name.
  • Suitable for purchasing an apartment, summer house, plot of land, a parking space or garage (except for a garage owned by the members of a building association).

The Home Small Loan has a lower rate of interest rate compared to the regular Swedbank Small Loan.

4 easy steps to apply

  1. Fill out the application in the Internet Bank or the Swedbank app.
  2. We will inform you about the decision by phone or via SMS message.
  3. Sign the agreement.
  4. The money will be transferred to your account after the agreement has been signed.
  • Home small loans from €5,000 to 20,000.
  • Interest from 7.9%. This depends on your income, commitments, the amount of loan and consumer’s credit history, etc.
  • Interest is calculated from the balance of the loan, not the total amount.
  • Contract fee is 1% of the loan amount; minimum €100.
  • No need for a down payment or collateral.
  • Your monthly income must be at least €600 – or at least €1000 with a co-applicant.
  • A 6-month bank statement is required if your income is not deposited in Swedbank.
  • If you are using the loan to perform repairs, construction or renovations, the precondition for receiving a loan is that the immovable property has been entered in the land register in the name of the borrower.
  • If you are buying immovable property or a plot of land, you must register it in the name of the borrower in the land register within 90 days after signing the loan agreement.
  • Repayment of the loan amount will take place on the basis of an annuity schedule, within the agreed upon term, by means of pre-determined monthly payments.
  • The loan term may be from 6 months to 10 years.
  • You can repay the loan prematurely (either in part or in full) without any additional fees.
  • If you would like a grace period or if you have encountered difficulties in repaying your loan, let us know and together we will find a suitable solution for you. Read more about solutions.

 

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

document Pre-contractual information of small financing products and leasing

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