Loan for land acquisition

Loan for land acquisition

Loan for land acquisition

  • Choose the financing solution that’s right for you
  • Favorable and clear loan terms and conditions
  • Quick application processing

Choose the financing solution that’s right for you!

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.

  • Financing solutions for purchasing different land plots
  • Fast and all-remote application process
  • Expert consultations tailored for you

Luminor offers three ways to finance a land plot

landplot
Consumer loan for the purchase of land without real estate collateral up to EUR 30,000
This loan is suitable for the purchase of a land plot for any purpose. Loan amount is from EUR 2,000 to EUR 30,000, financing is up to 100 % of the transaction amount and a repayment term of up to 10 years. Asset valuation and real estate pledge are not required
landplot
Housing loan for land acquisition with a down payment of 35 %
Housing loan to purchase a land plot on which the construction of housing is allowed. Loan amount from EUR 10,000 to EUR 50,000, financing up to 65 % of the land value and a loan repayment term up to 7 years
landplot
Idea loan for the purchase of land by pledging an existing property
This loan is suitable for the purchase of a land plot for any purpose. Loan amount is starting from EUR 10,000. Financing is up to 70 % of the pledged property. Repayment term is up to 20 years

Compare and choose

Loan type 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).
Typical example: if loan amount is EUR 9,000, fixed annual interest rate is 9 %, loan term is 84 months, agreement fee is EUR 135, monthly account commission fee EUR 1.30, then monthly payment is EUR 144.80, total repayment amount – EUR 12,407.40, annual percentage rate of charge (APR) – 10.22 %.
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 the plot of land.
Typical example: if loan amount is EUR 80,000, variable annual interest rate is 1,9 %, agreement fee EUR 400, contract duration is 25 years, mortgage registration fee for SE Centre of Registers is EUR 8.60, then monthly instalment will be EUR 335.19, total amount paid by the borrower EUR 101,050.00, and annual percentage rate of charge (APR) – 1,93 %.
Important: Pledged collateral must be insured. Notary fees, real estate evaluation and insurance costs 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.
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, 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).
Typical example: if loan amount is EUR 60,000, variable annual interest rate is 3,4 %, agreement fee is EUR 300, contract duration is 20 years, mortgage registration fee for SE Centre of Registers is EUR 8.60, then monthly instalment will be EUR 344.58, total amount paid by the borrower EUR 83,010.33, and annual percentage rate of charge (APR) – 3,51 %.

See our products

Real Estate Purchase Or Repair Loan

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Housing Loan

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Idea Loan

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