Idea Loan – your plans can be fulfilled easier

Idea Loan – your plans can be fulfilled easier

Idea Loan – your plans can be fulfilled easier

  • Variable annual interest rate from 1.99%* + 3 , 6  or 12 month Euribor
  • Loan for implementation of an idea by pledging one’s own real estate
  • Lower interest rate as compared to a consumer loan
  • Loan amount from EUR 10,000

 
* Final offer is customer based and may depend on agreed special conditions

Representative example. If the amount of an idea loan is EUR 60,000, the variable annual interest rate is 6.72 %, a one-off agreement fee is EUR 300, the contract duration is 20 years, the monthly account maintenance fee is EUR 1.30, the mortgage registration fee for SE Centre of Registers is EUR 8.60, and 240 repayments are made by annuity, then the monthly payment will be EUR 455, the total amount paid by the borrower EUR 109,856, and annual percentage rate of charge (APR) – 7.00 %.
 
Pledged collateral must be insured. Notary fees, real estate evaluation, insurance costs and costs related to additional products and services if chosen by you are not known to the bank and therefore are not included in the annual percentage rate of charge. Your loan is guaranteed against your home. Your home may be repossessed if you do not keep up with repayments.
 
If a credit agreement is concluded in foreign currency, i.e. a credit is granted to a customer in a currency other than their income or the assets from which the credit is to be repaid, or in a currency other than that of the customer’s state of residence (the EU Member State), the change of the foreign currency compared to euro may significantly increase the amount of the credit and monthly payments.

With this loan – any of your plans can be fulfilled easier. Renew your home, start a business, choose a valuable purchase or implement any of your plans. 

Idea loan benefits

  • Long repayment period – up to 20 years
  • Maximum loan amount up to 70 % from your real estate market value
  • Repair, renovate or overhaul an existing property without reports and cash monitoring
  • Acquire another property, e.g. country house, summer cabin or land

The path to get your loan

Fill in the application and submit documents online

Receive a call from our advisor to guide you through the next steps

Get a loan offer and introduction to the loan details in a call with our advisor

Sign loan agreement remotely

As soon as transaction will be registered in land register, we will transfer money to your account

Requirements to apply

  • You are at least 18 years old
  • You have a regular monthly income of at least EUR 520
  • You have a combined monthly income of at least EUR 850 if you apply with a guarantor and you don’t have any dependents

Documents

  • Housing loan application
  • In case you are applying together with co-borrower, we will ask both of you to sign the application
  • Additional documents may be required after the first consultation

Your property gives you new possibilities

See our other products

Real Estate Purchase Or Repair Loan

Learn more

Consumer Loan

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Housing Loan

Learn more