Home Small loan

The most flexible way to repair or buy a home

  • Suitable for repairing or renovating your real estate, and purchasing real estate
  • No mortgage is placed on real estate
  • Loan amount €5,000-20,000
  • No down payment required

Suitable monthly payment

Choose loan sum:
Choose loan term:

Calculation is approximate and may differ from your personal small loan offer.

Process for taking out a small home loan

  • Submit an application through the Internet Bank or at a bank branch.
  • The loan manager will inform you about the credit decision by phone or e-mail.
  • You will be able to sign the contract through the Internet Bank or at a bank branch. We will transfer the loan amount to your account within a few minutes after the signature of the loan contract.

Documents required to apply for loan

  • If your salary is not paid into a Swedbank account, submit a six-month account statement certified by the bank that opened your account.

Repayment holiday

Should you run into solvency problems you can apply for a repayment holiday of up to six months. In order to be granted a repayment holiday, you must submit an application at a bank branch or send a bank message. You can apply for several repayment holidays during the term of the loan.

You will be able to repay the loan in part or in full before the end of the term. The most convenient method to do so is by visiting the Internet Bank My obligations. This will also allow you to change the account servicing the loan and the payment date and repay the loan amount in part or in full. A contract fee corresponding to the price list must be paid for the premature repayment of the loan or for the amendment of other terms and conditions of the contract.

Terms and conditions of Small Home Loan
Loan amount €5,000-20,000
Interest rate Fixed in the range of 8–15%
Term 6 months-10 years
Down payment Not required
Insurance Recommended property and/or loan insurance
Repayment of loan amount You can determine the payment date yourself, and the repayment of the loan amount will take place on the basis of an annuity schedule, meaning that the loan must be repaid within the agreed term by means of pre-determined monthly payments.
Contract fee 1% of loan amount; at least €95
Prerequisite for obtaining loan
  • If you want to take the Small Home Loan for repairing, renovating or building purposes, the land with buildings to be improved should have been registered in your name in the land register. No valuation report is required and the property will not be mortgaged; however, it should also not be mortgaged for the benefit of third parties.
  • If you want to take the Small Home Loan for purchasing real estate, it should be registered in the name of borrower in the land register within 90 days after signing the loan agreement.
Income At least €600 per month; when applying for a loan jointly with another person, at least €800 per month.