Loan for land acquisition
Loan for land acquisition
Have you thought about buying your own land? Buying land can be a challenging process and we will help you understand your borrowing options and find the most suitable financing solution.
| Interest rate per year | Financing | Down payment | Loan amount | Loan repayment period | Asset valuation | Pledge | Disbursement of money | |
|---|---|---|---|---|---|---|---|---|
| Consumer loan for the purchase of land without real estate collateral up to EUR 30,000 | From 9 % | Up to 100 % | - | From EUR 2,000 to EURl 30,000 | Up to 10 years | - | - | To the customer’s account right after signing the agreement |
| Additional conditions: Land ownership must be registered in the customer’s name within 90 days of signing the agreement. The plot of land to be acquired is not evaluated (no asset valuation is required, the possibility of building a house, the electricity connection, etc. is not assessed before signing the agreement). A typical example: if the loan amount is EUR 9,000, the fixed annual interest rate is 9 %, the loan term is 84 months, the agreement fee is EUR 135, the monthly account commission fee is EUR 1.30, then the monthly payment is EUR 144.80, total repayment amount – EUR 12,407.40, the annual percentage rate of charge (APR) – 10.22 %. |
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| Housing loan for land acquisition with a down payment of 35 % | From 2.5 %+6‑month Euribor | Up to 65 % of the value or purchase price, taking into account which of them is of lower value | From 35 % | From EUR 10,000 to EUR 50,000 | Up to 7 years | For the land | Plot of land | To the customer’s account |
| Additional conditions: Access to the land must be legally guaranteed, and electricity must be connected before the disbursement of money. It is allowed to build a house on a plot of land. A typical example: if the loan amount is EUR 80,000.00, the variable annual interest rate is 3.67 %, a one-off agreement fee is EUR 400, the contract duration is 25 years, the monthly account commission fee is EUR 1.30, the mortgage registration fee for SE Centre of Registers is EUR 8.60, then monthly instalment made by the annuity will be EUR 407.83, the total amount paid by the borrower EUR 123,148.00, and annual percentage rate of charge (APR) – 3.79 %. |
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| Idea loan for the purchase of land by pledging an existing property | From 2.5 %+6‑month Euribor | Up to 70 % of the pledged object value, a 15 % down payment is needed | – | From EUR 10,000 | Up to 30 years | For the pledged object | Existing real estate | To the customer’s account |
| Additional conditions: the plot of land to be acquired is not evaluated (no asset valuation is required, the possibility of building a house, the electricity connection, etc. is not assessed before signing the agreement). A typical example: if the loan amount is EUR 60,000.00, the variable annual interest rate is 4.37 %, a one-off agreement fee is EUR 300, the contract duration is 25 years, the monthly account commission fee is EUR 1.30, the mortgage registration fee for SE Centre of Registers is EUR 8.60, then monthly instalment made by the annuity will be EUR 375.39, the total amount paid by the borrower EUR 90,715.00, and annual percentage rate of charge (APR) – 4.54 %. |
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