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Home Small loan

A new home or refurbishment – now it’s a breeze!

A simple solution if you’re looking to buy a property or undertake your home renovation.

Loan amount 5000-20 000 EUR
No mortgage placed on real estate
Money available in the account immediately after setting up the contract.
No down payment required.

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

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What is it for?

Suitable for purchasing a flat, summer house, land plot for garden, parking lot or garage (except for a garage owned by the members of a building association).
Perfect for a major repair, much-needed remodel or general home improvements in your owned real estate.
Home small loans from 5000 to 20 000 EUR.
Register the purchased real estate in your name in the land register within 90 days after signing the loan agreement.

Flexible loan for a better value

Lower interest rate compared to the regular Swedbank small loan.
Loan period up to 10 years, so monthly payments may be lower.
No collateral required.
Choose your preferred payment date.
Possibility to apply for a repayment holiday.
Money transferred immediately after signing the contract.
Property valuation not required.

Interest and fees

Interest rate start from 7,9% depending on the sum of the loan, consumer’s credit history, etc.
Interest is paid from the total outstanding amount of the loan granted.
Contract fee 1% of loan amount; at least 100 EUR.

Loan repayment

Loan must be repaid on the basis of annuity schedule within the agreed term by means of pre-determined monthly payments on your determined payment date.
Loan term from 6 months to 10 years.
Possibility to make early repayments.

Repayment holiday

You can apply for a repayment holiday for up to 6 months.
Send us a bank message or fill in an application at a bank branch in order to be granted repayment holiday.

Home Small loan fees

PRIVATE PERSONS		Effective as of 18.03.2020
1. Housing loan and Home equity loan
1.1 Agreement fee		1% of the loan amount, no less than 190 EUR
1.2 KredEx collateral fee		3 % of the surety amount
1.3 Amendment of the agreement		190 EUR
loan principal repayment holiday		free of charge
amendment of the payment date (in branch or in Internet Bank)		free of charge
amendment of the servicing account (in branch or in Internet Bank)		free of charge
1.4 Lowering the interest rate, formalisation of an additional sum		1% of the loan amount, no less than 190 EUR
1.5 Early repayment fee (including partial repayment)
in branch (2)		the amount of 3 months' interest (not applied in case of 3 months' advance notice)
in Internet Bank (2)		the amount of 1 month interest
1.6 Fee for processing arrears		3,20 EUR
1.7 Penalty		ECB interest rate (1) + 8% a year (currently 0.022% a day, 8.00% a year)
2. Student loan
first application (in the 2019/2020 academic year)		free of charge
first application via the Internet Bank		free of charge
refinancing		7 EUR
amendment of the repayment schedule (frequency of repayment and amendment of the due date of the schedule)		7 EUR
preparation of a special schedule		16 EUR
penalty		ECB interest rate (1) + 8% a year (currently 0.022% a day, 8.00% a year)
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
compensation for prepayment of the loan amount or a part thereof (3,4)		1% of the prepaid loan amount or the part thereof if the period between the prepayment date and the loan maturity date is longer than one year
compensation for prepayment of the loan amount or a part thereof (3,4)		0.5% of the prepaid loan amount or the part thereof if the period between the prepayment date and the loan maturity date does not exceed one year
3. Credit line
annual interest rate		13%-22%
agreement fee in a branch		1,5% of the credit limit, no less than 45 EUR
agreement fee in Internet Bank (i.e. there is an offer)		1,5% of the credit limit, no less than 35 EUR
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 EUR
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 (1) + 8% a year (currently 0.022% a day, 8.00% a year)
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

4. Small loan
annual interest rate		12,90-22,90%
agreement fee in a branch		1,5% of the loan amount, no less than 50 EUR
agreement fee in Internet Bank and Mobile Bank (i.e loan agreement concluded based on an offer)		1,5% of the loan amount, no less than 35 EUR
formalisation of an additional amount in a branch		1,5% of the additional amount, no less than 50 EUR
formalisation of an additional amount in Internet Bank		1,5% of the additional amount, no less than 35 EUR
amendment of the agreement		25 EUR
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 EUR
repayment of the loan (including partial repayment)		free of charge
penalty		ECB interest rate (1) + 8% a year (currently 0.022% a day, 8.00% a year)
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

5. Car loan
annual interest rate		7,90-16,90%
agreement fee		1,5% of the loan amount, no less than 100 EUR
amendment of the interest rate		50 EUR
other fees		according to point 4
6. Home small loan
annual interest rate		7,90-14,90%
agreement fee		1% of the loan amount, no less than 100 EUR
formalisation of an additional amount		1% of the additional amount, no less than 100 EUR
amendment of the interest rate		50 EUR
other fees		according to point 4

LEGAL PERSONS	Effective as of 01.05.2013
1. Investment loan
1.1 Application	1% of the loan amount, but no less than 195 EUR
Kredex Start-up loan	2% of the loan amount, but no less than 320 EUR
1.2 Additional application	1% of the additional amount, but no less than 195 EUR
Kredex Start-up loan	1% of the additional amount, but no less than 195 EUR
1.3 Additional application along with amendment of other terms and conditions of the agreement	1% of the loan amount (loan balance + additional amount), but no less than 195 EUR
Kredex Start-up loan	1% of the loan amount (loan balance + additional amount), but no less than 195 EUR
1.4 Amendment of the terms and conditions of the agreement (except along with an additional application)	1% of the loan amount, but no less than 195 EUR
Kredex Start-up loan	1% of the loan amount, but no less than 195 EUR
1.5 Early loan repayment fee	3% of the amount repaid early
2. Working capital loan
application	1% of the loan amount, but no less than 195 EUR
additional application	1% of the loan amount, but no less than 195 EUR
additional application along with amendment of other terms and conditions of the agreement	1% of the loan amount (loan balance + additional amount), no less than 195 EUR
amendment of the terms and conditions of the agreement (except along with an additional application)	1% of the loan amount, but no less than 195 EUR
early loan repayment fee	3% of the amount repaid early
3. Overdraft
application	1% of the limit, but no less than 195 EUR
additional application	1% of the additional limit, but no less than 195 EUR
additional application along with amendment of other terms and conditions of the agreement	1% of the total limit, but no less than 195 EUR
amendment of the terms and conditions of the agreement (except along with an additional application)	1% of the limit, but no less than 195 EUR
obligation fee	2% of the unused credit limit
4. Revolving credit line
application	1% of the loan amount, no less than 195 EUR
additional application	1% of the additional amount, but no less than 195 EUR
additional application along with amendment of other terms and conditions of the agreement	1% of the loan amount (loan balance + additional amount), no less than 195 EUR
amendment of the terms and conditions of the agreement (except along with an additional application)	up to 1% of the loan amount, no less than 195 EUR
obligation fee	2% of the unused limit per year
early loan repayment fee	3% of the amount repaid early
5. Apartment association loan
application	1% of the loan amount, no less than 195 EUR
additional application	1% of the additional amount, no less than 195 EUR
additional application along with amendment of other terms and conditions of the agreement	1% of the loan amount (loan balance + additional amount), no less than 195 EUR
amendment of the terms and conditions of the agreement (except along with an additional application)	up to 1% of the loan amount, no less than 195 EUR
amendment of payment dates of the loan repayment schedule or amendment of the type of the schedule	up to 1% of the loan amount, no less than 195 EUR
early loan repayment fee	3% of the amount repaid early

(1) 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.

(2) 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.

(3) If the collateral is property, the amount of the compensation may not be bigger than the amount the borrower would have paid as interest in the period between the prepayment date and the loan maturity date.

(4) Applies to the agreements concluded since 01.07.2011.

Pre-contractual information of small financing products and leasing

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Home Small loan

A new home or refurbishment – now it’s a breeze!

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