Loan for apartment house renovation | Luminor

The apartment house renovation credit is a great solution to make the housing more energy efficient and smart, thus boosting its value!

Loan conditions



Make a decision

General meeting of the apartment owners shall decide on drawing a loan for renovation of the building.


Contact us

The customer – society of apartment owners or the maintenance company shall submit to the bank the loan application


We will evaluate your application

The bank evaluate the application and makes a loan decision.


Sign the agreement

The Customer and the bank enter into the agreement


Carry out the renovation works

The bank transfers the money under the agreement and the renovation works schedule

Necessary documents

  • Loan application.
  • Resolution of the general meeting of the apartment owners on authorizing the manager to manage and maintain the house (minutes of the first general meeting). 
  • Agreement between the apartment owners and the maintenance company on the house management.
  • Resolution of the general meeting of the apartment owners on assumption of loan obligations - consent of at least 2/3 of all apartment owners is required.
  • Information on payments certifying that at least 90% of all invoices are paid by the due date and in full.
  • Renovation works schedule, agreement or draft agreement with the builder.

Make your housing more energy efficent and smart!

See also: Leasing, Credit line