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Housing loan

Housing loan

Housing loan
  • Special offer for the purchase of energy efficiency class A, B and C properties. Find out more
  • Altum support programmes
  • Personalised consultations
  • Remote application and signing of the agreement
Apply for a loan

Mortgage loan NEW calculator

Housing loan calculator

EUR
EUR
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%
years
Loan repayment schedule type

Monthly installment

EUR
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The monthly instalment consisting of the principal amount of the loan and interestTap to close

View payment schedule

How is my loan calculated?

Loan amount
EUR
Total interest paid
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The amount of interest paid during the loan repayment term and calculated according to the bank’s interest rate shown below.Tap to close

EUR
Loan agreement fee
EUR
Current account maintenance fee
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The fee according to the Bank’s pricelistTap to close

EUR
Mortgage registration in the land register
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The state fee and registry charge payable to the state for mortgage registrationTap to close

EUR
Total repayment amount
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The loan amount and total costs of the loan (all costs, including interest, commissions and other costs to be paid in relation to the loan agreement and known to the Bank, excluding notary services, property valuations and insurance costs, fees for registration of ownership rights with the land register, and any charges for non-compliance with the loan agreement)Tap to close

EUR
Bank annual interest rate of 1.59% + 6‑month Euribor
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A variable 6-month Euribor rate of 3.55 % per year, effective as at 02.08.2024, is used in the calculation. The fixed part of the rate is indicated for information only and may vary from case to case.Tap to close

%
Annual percentage rate (APR)
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The annual percentage rate is the total cost of the loan, expressed as an annual interest of the loan amount, including all known costs, i. e., interest, commissions, and other costs to be paid in relation to the loan agreement. The annual percentage rate allows you to objectively compare different loan offersTap to close

%
View payment schedule

The displayed result is informative and based on the approximate calculation.
Creditor: Luminor Banka AS Latvian branch. The pledged property must be insured. Notary fees, property valuation and insurance costs are not known to the bank and are therefore not included in the annual percentage rate of charge. The fulfillment of obligations under the loan agreement will be secured by a real estate mortgage.

The bank’s interest rate consists of a fixed part and a variable part. The fixed part of the interest rate will be set for each customer individually. The variable part of the interest rate is Euribor, the rate, at which banks may borrow funds at the interbank market of European Union countries. This part of the rate changes after a certain period (for example, 3 months or 6 months) as agreed upon between the customer and the bank. Learn more about Euribor here.

Information from previous tab is used for calculations. You can switch back and make changes if necessary.

This loan is for
EUR
EUR
EUR
LuminorLuminorLuminor

: EUR

: EUR

The displayed result is informative and based on the approximate calculation.
Creditor: Luminor Banka AS Latvian branch. The pledged property must be insured. Notary fees, property valuation and insurance costs are not known to the bank and are therefore not included in the annual percentage rate of charge. The fulfillment of obligations under the loan agreement will be secured by a real estate mortgage.

The bank interest rate consists of a variable part and a fixed part. The fixed part of the interest rate will be set for each customer individually. The variable part of the interest rate is Euribor, the rate, at which banks may borrow funds at the interbank market of European Union countries. This part of the rate changes after a certain period (for example, 3 months or 6 months) as agreed upon between the customer and the bank. Learn more about Euribor here.

Your maximum loan amount:
EUR
?

The displayed result is informative and based on the approximate calculation.Tap to close

Maximum monthly loan payment: EUR

Apply now Change
The displayed result is informative and based on the approximate calculation.
Creditor: Luminor Banka AS Latvian branch. The pledged property must be insured. Notary fees, property valuation and insurance costs are not known to the bank and are therefore not included in the annual percentage rate of charge. The fulfillment of obligations under the loan agreement will be secured by a real estate mortgage.

The bank interest rate consists of a variable part and a fixed part. The fixed part of the interest rate will be set for each customer individually. The variable part of the interest rate is Euribor, the rate, at which banks may borrow funds at the interbank market of European Union countries. This part of the rate changes after a certain period (for example, 3 months or 6 months) as agreed upon between the customer and the bank. Learn more about Euribor here.

Payment schedule

Payment No.InstallmentInterest amountLoan repayment amountLoan balance

Special offer for your first housing loan with us 
  • For energy efficiency class A properties: Variable annual interest rate for the first 12 months: 0% + 3-, 6- or 12-month Euribor. For energy efficiency class B and C properties: Variable annual interest rate for the first 6 months: 0% + 3-, 6- or 12-month Euribor.*
  • If you need to furnish your new home, you can receive a consumer loan with EUR 0 agreement fee and a fixed annual interest rate of 9 % (for loan amounts starting from EUR 2000). Carefully assess your financial means beforehand! The offer is valid for applications completed until 31.12.2024. and becomes applicable after the mortgage loan agreement is signed.

Apply for a loan

*The offer is valid for the applications submitted until 31.12.2024 for your first housing loan with us. Starting from the 13th or 7th month after the loan is granted, an individually determined variable interest rate is applied according to the terms of the loan agreement.
The offer may include additional conditions depending on the individual situation of the customer.
Housing loan: representative example of a special offer. Loan amount € 102 000, loan repayment term – 25 years (300 monthly payments), down payment 15% of the transaction amount (€ 120 000) - € 18 000. Monthly payment – € 616.09. Minimum monthly account maintenance fee – € 1.30. Bank annual interest rate of 1.69% + 6-month Euribor*. Loan agreement fee – € 1 020. Mortgage registration in the land register – € 115.50. Total repayment amount – € 185 952.04. Annual percentage rate (APR) – 5.57%. This example is informative. The loan is secured by the mortgage on the real estate. The mortgaged property must be insured. Additional costs depend on the additional services chosen by the customer, which may be included in the additional conditions of the offer. Creditor: Luminor Bank AS Latvian branch.
* A variable 6-month Euribor rate of 3.619 per year, effective on 25 July 2024, is used in this example.
Consumer loan: representative example of a special offer. If the loan amount is € 9 000, with a loan repayment term 60 months, fixed annual interest rate 9%, loan agreement fee € 0 and minimum monthly account maintenance fee € 1.30, then the total repayment amount will be € 11 287.80, monthly instalment € 186.83 and annual percentage rate (APR) 9.70%. This example is informative.

Safe housing loan kit

Loan payment insurance

To ease the financial burden, in the case of involuntary unemployment or lasting incapacity for work.
See what’s covered

Life insurance

To provide financial support to your family when you are not able to do it by yourself.
Read more

Home insurance

To secure your financial well-being in the case that your residence, home contents, and relationship with neighbours are affected by unforeseen circumstances.
Calculate the premium

Your home.
Your rules.

  • Personalised housing consultations
  • Remotely at a place and time convenient for you

Apply for a consultation

Mortgage loan with ALTUM support

For large families and families with one child with a disability

Grant amount EUR 8 000 EUR 10 000 EUR 10 000, for a purchase of a near-zero energy building 12 000 EUR, for a purchase of a near-zero energy building
Conditions - If the family has 3 children; or
- 2 children and a pregnancy; or
- a child with a disability*.		 - If the family has more than 3 children; or
- 3 children and a pregnancy.		 - If the family has 3 children; or
- 2 children and a pregnancy; or
- a child with a disability*.		 - If the family has more than 3 children; or
- 3 children and a pregnancy.

* Families with at least one child with a disability or an adult under the age of 24 with group I or II disability may qualify for a grant towards the purchase, construction or rebuilding of housing.

For families with children

  • for the purchase, construction or reconstruction of real estate up to EUR 250,000
  • with children under 23 years of age or for families who are expecting a child
  • ALTUM guarantee period is up to 10 years

If the property is located in Riga, Pieriga, Jurmala, the amount of the guarantee is:

  • Amount of guarantee is 5% up to 10% from the principal amount of the loan, and not exceeding EUR 10,000, if there is one child in the family
  • Amount of guarantee is from 5 up to 15% from the principal amount of the loan, and not exceeding EUR 15,000, if there are two children in the family
  • Amount of guarantee is from 5 up to 20% from the principal amount of the loan, and not exceeding EUR 20,000, if there are three children in the family
  • Amount of guarantee is from 5 up to 30% from the principal amount of the loan, and not exceeding EUR 30,000, if there are four or more children in the family

Outside Riga, Pieriga (Marupe, Olaine, Kekava, Salaspils, Ropazi, Adazi municipalities), Jurmala: 

  • 5% - 30% of the principal of the loan and not more than EUR 30,000 if there is 1 child in the family (or the first child is expected)
  • 5% - 40% of the principal of the loan and not more than EUR 40,000 if there are 2 children in the family (or at least 1 child and another one is expected)
  • 5% - 50% of the principal of the loan and not more than EUR 50,000 if there are 3 children in the family (or at least 2 children and another one is expected)

Learn more

For young professionals

  • up to 35 years of age 
  • with secondary vocational or higher education 
  • ALTUM guarantee period is up to 10 years
  • The amount of the guarantee is up to 20% of the loan principal and no more than EUR 50,000 

Learn more

For National Armed Forces soldiers

A guarantee for a bank loan to cover the down payment for purchase or construction of housing by soldiers of the National Armed Forces. 

  • Persons eligible for the guarantee are soldiers of the National Armed Forces, provided that the price for purchase or construction of housing does not exceed EUR 300,000
  • Guarantee term is up to 10 years
  • The guarantee covers up to 25% of the principal loan amount but not more than EUR 20,000 
  • The guarantee can be applied for repeatedly if the obligations under the previous guarantee have expired
Learn more

"The mortgage loan was processed very quickly."

The mortgage loan was issued very quickly. The conditions were at market level. There was great support from the Luminor specialist.
Customer, 39 years old

Read more customer feedback

The path to your new home

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 the housing loan agreement for your chosen property remotely

Sign the documents at the notary and register the pledge in the Land register

Get the keys to your new home after the bank has transferred the money to the seller

Apply for a loan

Requirements for obtaining a loan

  • You are at least 21 years old
  • You have a regular monthly income of at least EUR 680
  • You have a combined monthly income of at least EUR 1100 if you apply with a co-borrower and you don’t have any dependents

Documents to apply

Useful links

Interest Rates
 Calcuator in Excel: How can changes in Euribor rates affect my housing loan payment?
Co-borrower’s application
Frequently asked questions
Real estate valuators
General information on loans secured by a real estate mortgage
Real Estate Collateral Insurance Requirements for Private Individuals
Pricelist
Rules
Application for Loan Amendments

Improve your home together with Luminor

Loan for home renovation

Fixed interest rate throughout the loan agreement period
See what I can afford

Loan for improving home energy efficiency

Without downpayment or pledge
Learn more

Idea loan

Loan for the implementation of an idea by pledging one’s own real estate
Apply for a consultation