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Home energy efficiency loan

Examples of the annual percentage rate

Home loan

The initial annual percentage rate is 6,188% on the following (example) conditions:

  • loan of €123 000;
  • total floating interest rate 5,923% per annum, incl margin 1,82% + 6 months' Euribor (as at Oct 16 2023 the 6-month Euribor rate was 4,103%; the rate set out in your agreement may change every 6 months);
  • contract fee of €190;
  • repayment period of 30 years;
  • number of repayments 360;
  • the sum of repayments €265 418,27;
  • the total cost of the credit €142 608,27;
  • the total sum of the credit €265 608,27.

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 €.
  • For energy efficiency improvements in your private house.

What are your needs?

Net income should be at least 900 euros, or 1300 euros if taking out the loan with a co-applicant.
Your current loan liabilities exceed the optimal monthly repayment amount. Mortgage loan is not available to you.
Average net income in the last 6 months.
Small loan, credit card, overdraft, line of credit, study loan and other short-term credits.
  • 0

Results are approximate and may differ from conditions offered to you.
Your total monthly payment cannot exceed %PERCENTAGE%% from your monthly incomes. We recommend You decrease calculated loan amount or consider to change loan term.
Loan sum is too small. Minimum sum is 20 000 euros.
  • Down payment starting from 15%.
  • Down payment starting from 10% with the surety of KredEx.
  • Down payment may not be needed if you collateralize your own property.

Loan

  • 0

Insure your

  • from 0€
  • about 0€
  • from 0€

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.

Home Energy Efficiency Loan

  • 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.

Conditions

  • Loan amount from € 20,000.
  • Loan up to 85% of collateral value.
  • Loan term up to 30 years.
  • Income at least €900 per month after taxes, at least €1300 per month with a co-borrower.

Interest and payments

You can choose between two interest rates.

  • A floating interest rate, where the annual interest rate consists of an individual margin and the 6-month Euribor. The 6-month Euribor changes every 6 months.
  • A fixed interest rate for the first 5 years, where the annual interest rate consists of the 5-year euro interest rate (euro interest rate swap) and an individual margin. After the end of the fixation period, the annual interest rate changes into the floating interest rate agreed in the loan agreement.

You can find base interest rates here

  • 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.

Historical base rate

Important to know

  • 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 01.09.2023
Housing loan and Home equity loan
Agreement fee 1% of the loan amount, no less than 190 €
(no less than 400 € when financing construction)
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
Interest rate revision 0,5% of the loan balance, no less than 190 €
Additional loan amount 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 0.034% a day, 12.25% a year) ECB interest rate + 8% a year (currently 0.031% a day, 11.15% 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.
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

Contract changes

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
Real estate company

  • 1Partner Kinnisvara

  • Area: whole Estonia
  • Property type: residential and commercial property
  • www.1partner.ee
Address
Phone
  • 66 84 700
  • 50 46 190
  • 73 66 006
Real estate company

Arco Vara Kinnisvarabüroo OÜ offices

  • Area: whole Estonia
  • Property type: residential and commercial property
  • www.arcovara.ee
Address
Phone
614 4600
Real estate company
Address
Phone
744 2218
Real estate company
Address
Phone
447 1430
Real estate company
Address
Phone
435 9969
Real estate company
Address
Phone
324 0888
Real estate company
Address
Phone
357 7227
Real estate company
Address
Phone
337 0400
Real estate company

Arco Vara Kinnisvarabüroo OÜ representatives
Address
Phone
514 1045
Real estate company
Address
Phone
514 1045
Real estate company
Address
Phone
555 222 55
Real estate company
Address
Phone
565 076 37
Real estate company
Address
Phone
565 076 37
Real estate company
Address
Phone
565 076 37
Real estate company
Address
Phone
565 076 37
Real estate company
Address
Phone
565 076 37
Real estate company
Address
Phone
512 4236
Real estate company

Colliers International Advisors OÜ
Address
Phone
616 0777
Real estate company

Domus Kinnisvara Vahendus OÜ
Address
Phone
646 4035
Real estate company
Address
Phone
742 3100
Real estate company
Address
Phone
443 1154
Real estate company
Address
Phone
356 6411
Real estate company
Address
Phone
433 4411
Real estate company
Address
Phone
453 6433
Real estate company

Eri Kinnisvara OÜ

  • Area: whole Estonia
  • Property type: residential and commercial property
  • www.eri.ee
Address
Phone
606 0077
Real estate company

Kaanon Kinnisvarabüroo OÜ

  • Area: whole Estonia
  • Property type: residential and commercial property
  • www.kaanon.ee
Address
Phone
665 9585
Real estate company
Address
Phone
735 0850
Real estate company

Kinnisvaraekspert OÜ

Kinnisvaraekspert Pärnu OÜ

  • Area: whole Estonia
  • Property type: residential and commercial property
Address
Phone
626 4250
Real estate company
Address
Phone
442 0700
Real estate company

Lahe Kinnisvara
Address
Phone
608 0530
Real estate company
Address
Phone
5622 2313
Real estate company
Address
Phone
512 4565
Real estate company
Address
Phone
5645 8687
Real estate company

LVM Kinnisvara OÜ

  • Area: whole Estonia
  • Property type: residential and commercial property
  • www.lvm.ee
Address
Phone
  • 4 477 000
  • 56 56 8000
Real estate company
Address
Phone
452 6044
Real estate company
Address
Phone
  • 68 43 700
  • 5694 1700
Real estate company
Address
Phone
710 2000
Real estate company

Newsec Valuations EE OÜ

  • Area: whole Estonia
  • Property type: commercial property
  • www.newsec.ee
Address
Phone
5346 8308
Real estate company

Ober-Haus Hindamisteenuste OÜ

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

Pindi Kinnisvara OÜ offices

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

Pindi Kinnisvara OÜ representatives
Address
Phone
514 9289
Real estate company
Address
Phone
5667 9221
Real estate company
Address
Phone
504 2164
Real estate company
Address
Phone
501 3658
Real estate company
Address
Phone
5551 5382
Real estate company

RE Kinnisvara AS

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

Uus Maa Kinnisvarabüroo OÜ

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

You might also be interested in

Home small loan

Now the agreement fee 0 €!

If you are planning to borrow less than €20,000 for home improvements – we recommend taking a look at these loan conditions.

Read more

Mortgage loan

Special offer for energy class A assets!

A home loan will be the perfect solution if you need a loan for a new home or construction.

Read more

Small loan

Now the agreement fee 0 €!

Make smart purchases with the help of the Small loan.

Read more

If you have any questions, please contact us at

  • (+372) 613 1324 (Mon-Fri 09:00-17:00)

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This is a website of companies offering financial services – Swedbank AS, Swedbank Liising AS, Swedbank P&C Insurance AS, Swedbank Life Insurance SE, and Swedbank Investeerimisfondid AS. Before entering into any agreement read the terms and conditions of the respective service. Consult a specialist, where necessary. Swedbank AS does not provide a credit advisory service for the purposes of the Creditors and Credit Intermediaries Act. The borrower makes the decision of taking out a loan, who assesses the suitability of the loan product and contractual terms to his/her personal loan interest, need and financial situation on the basis of the information and warnings presented by the bank and is responsible for the consequences related to concluding the agreement.

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