Home loan and Home equity loan

To ensure a convenient and smooth home purchase

If you want to build, furnish or purchase a home, you will be provided with the best and fastest service from us. We will respond to your application within 3 business days. If you have any questions, please contact us at (+372) 613 1324.

Which loan to choose?


Home loan

Home equity loan

Purpose Buying or building a home Buying or building a home;
Furnishing or Renovation;
Payment of educational expenses or medical treatment expenses Other major expenses.
Interest rate interest rate + floating base rate interest rate + floating base rate
Term Up to 30 years Up to 20 years
Loan amount Starting from 10 000 euros Starting from 10 000 euros
  • With an additional collateral 0%;
  • Without an additional collateral at least 10%;
  • With surety of KredEx 10%.
  • With an additional collateral 0%;
  • Without an additional collateral at least 10%.
Collateral Collateral needed Collateral needed
Net income At least €600 per month(along with a co-applicant together at least €800 a month) At least €600 per month (along with a co-applicant together at least €800 a month)
Insurance Mandatory Mandatory
If you want to take a loan, please submit an application so that we can make you a personal offer. Fill in application

Application form for co-borrower or surety provider
Fill in application

Application form for co-borrower or surety provider
Please call us if you want quick information about loans or your loan options. +372 613 1324 (Mon–Fri 8.30–18.00)

Why get a home loan from Swedbank?

  • We provide assistance during the entire process of buying a new home. From selecting a suitable loan sum to the transaction itself.
  • We provide consultations over the phone and at bank branches.
  • You can also sign a loan contract electronically
  • Self-service on the internet bank, where you can conveniently: see the signed contract and make changes to it, make early loan repayments, partially or in full.
  • Lowest contract fee from the reward programme:

Insurance that suits you best

Home insurance
Insure your home from virtually all threats with one contract. In case of damage, we will compensate the cost of restoring your home in the extent of an unlimited sum. Excess is a mere € 90 and no excess applies when changing locks.

Loan insurance and loan payment protection
Loan insurance helps you or your close ones meet home loan payments in unexpected situations.

Life insurance
Depending on the insurance sum, an if you lead a healthy life, the monthly payment of insurance may be up to 25% cheaper. You can also get trauma protection, which can be very beneficial, with your life insurance.

Read more about insurance

Steps to take a loan secured by real estate

  1. Ask for an offer from our internet bank of over the phone.
  2. You will be contacted within a single business day, so that you can set a time for a loan consultation meeting.
  3. If necessary, the loan manager might ask for more documents. Should your income not be sent to Swedbank, we request your bank statement of up to the last 12 months. A property valuation report is necessary if you are buying a home. Check the list of property valuers whose work Swedbank accepts.
  4. We will send a loan offer to you.
  5. We will agree upon a time for signing the contract and meeting with a notary. You can sign the contract digitally via email or by hand at a bank branch.
  6. We will sign the purchase contract and a contract for the establishment of a mortgage at the notary. You will also have to pay a notary fee and state fee.
  7. We will transfer the loan sum to your account. A contract fee will also have to be paid.
  8. In the future, you will be able to review comprehensive information about your loan (incl. payment schedule) on the internet bank.
  9. Keep in mind that a home insurance contract is compulsory when getting a home loan.
  10. If you wish to make changes during the loan term, you can do so at the internet bank or by sending an application for making said changed to us as a bank notice. In order to make changes in the contract, you will also be required to pay an additional fee of a loan contract based on the price list.

Documents required to apply for a loan

The bank has the right to ask the borrower for the documents and information necessary for assessing creditworthiness and ask for additional explanations about the borrower’s creditworthiness, collateral and the purposeful use of the credit.

To evaluate your creditworthiness, we will ask about your:

  • regular income and its amount
  • source of additional income and its amount
  • financial situation and financial obligations (loans, sureties, livelihood, etc.)
  • or some other document necessary for evaluating your creditworthiness

Documents concerning the collateral:

  • Expert assessment on the market value of the collateral
  • Construction calculation and project
  • or some other document concerning collateral assets.

A loan agreement can be amended by agreement of the parties.

Loan agreement amendments

Amendment of an agreement is subject to an amendment fee established in the price list.

Frequently Asked Questions

What amendments can I make in my loan agreement?

You can amend your loan agreement by agreement of the parties by drawing up an annex to the loan agreement. You can make several amendments to your loan agreement by one annex. In such an event the loan agreement amendment fee is also lower. If you wish to amend your loan agreement, submit an application to us.

Do I need to amend my loan agreement in the event of early repayment of the loan amount?

If you repay the entire loan amount before the prescribed time (regardless of whether you have sold the property or not), you will not usually need to amend the agreement. An amendment may result from the association of the collateral property with another loan agreement.

If you repay a portion of the loan amount, the steps to be taken depend on whether you would also like to amend the loan term or have certain property withdrawn as the collateral.

Partial repayment of the loan amount without other amendments can be arranged without drawing up an annex to the loan agreement. Merely the bank needs to be informed thereof. However, you should take into account the early repayment fee specified in the loan agreement.

Do I also need to amend the agreement when I change homes?

If you change homes, you will have to submit a new loan application to us for the purchase of new property. The current agreement will terminate once you sell your existing home. We advise you to discuss any other possible solutions with your loan consultant.

How should I act in case of financial difficulties?

If you have payment difficulties, contact your loan consultant immediately or call Customer Support at 6 310 310. We will find the best solution once we have discussed all the expectations, wishes and options.

Before taking a loan, always examine its terms and conditions carefully. Read additional pre-contractual information of loan agreements to be concluded with individuals.

Maximum loan amount

The amount of home loan and home equity loan may be not more than 90% of the value of the collateral. The maximum loan amount also depends on your income and previous payment behaviour. You should take into account that the total of your loan and leasing payments may, depending on the size of your income, form 50% of your regular and certified income.


Suitable collateral for the loan amount is the residential real estate belonging to the borrower. In the case of a home loan this is usually the apartment or house being bought, in the case of home equity loan the property that has generally already been bought out or whose value is considerably larger than the current loan liability.

Surety of KredEx

General principles

Surety of KredEx is additional collateral for a housing loan secured by immovable property and it provides the borrower with an opportunity to use smaller self-financing. The need for using surety of KredEx as collateral is agreed upon between the bank and the borrower. Surety of KredEx is not financial support.

The borrower(s) may have only one loan with surety of KredEx.

The bank has the right to require that KredEx perform its obligation of surety if the loan agreement has been cancelled by the bank and the funds received from the sale of the immovable property that serves as collateral for the loan agreement are not sufficient for the repayment of the arrears of the principal amount of the loan arising from the loan agreement (KredEx secures only repayments of the principal amount of the loan).

If KredEx compensates the bank for the repayments of the principal amount of the loan that have not been paid by the borrower, the bank will assign to KredEx claims against the borrower within the amount paid by KredEx. As a result of the aforementioned, KredEx becomes a new creditor for the borrower within the amount paid to the bank and it has the right to require that the borrower compensate for the amounts paid by it to the bank. KredEx also has the right to require that the borrower compensate for the costs that it incurs in connection with the collection of the amounts paid on the basis of the contract of suretyship from the borrower.

Repayment schedule

When taking a loan, you can yourself choose a suitable loan schedule.

Common types of schedule

  • Fixed principal payments schedule: the monthly payments are larger at the beginning of the loan term due to larger interest payments. Interest payments become smaller towards the end of the loan term and therefore the monthly payments also decrease.

  • Annuity schedule: during the entire loan term you pay equal monthly loan payments, depending on changes in the interest rate. In the case of the floating rate annuity schedule with fixed monthly payments the loan term extends or shortens according to changes in the Euribor.

Loan costs

Entry into a loan agreement entails additional costs: interest must be paid on the loan amount; upon entry into the agreement, the agreement fee set out in the price list must be paid plus the fee for appraising the collateral, fees for the establishment of pledge, insurance costs, etc. All the expenses related to the loan agreement shall be paid by the borrower.


A loan taken must be repaid along with interest. The amount of interest payable depends on the interest rate set out in the agreement. This, in turn, depends on the base rate and interest margin:

interest rate = base rate + interest margin

Option for base rate

  • 6 months’ Euribor (Euro Interbank Offered Rate). The Euribor-tied interest rate changes (increases or decreases) every 6 months.
  • Negative Euribor equals to zero.

Interest margin is calculated individually for each client and it depends on the client’s solvency, previous payment behaviour, collateral, etc.

Additional information in connection with surety of KredEx.
613 1324 (E-R 8:30-18:00)
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