Mortgage loan: representative example
Real estate price | Down payment | Loan amount | Loan repayment term | Loan agreement fee | Bank annual interest rate of 1.9% + 3-month Euribor | Minimum monthly account maintenance fee | Monthly instalment | Total repayment amount | Mortgage registration in the land register | Annual percentage rate (APR) |
---|---|---|---|---|---|---|---|---|---|---|
€ 100 000 | € 15 000 | € 85 000 | 25 years | € 0 | 5.31 % | € 1.30 | € 516 | € 155 126.31 | € 100 | 5.55 % |
* A variable 3-month Euribor rate of 3.41 % per year, effective as at 25 May 2023, is used in the calculation. The fixed part of the rate is indicated for information only and may vary from case to case.
Creditor: Luminor Bank AS Latvian branch. Loan collateral – mortgage on the real estate to be purchased. Bank financing up to 85%. To get the loan, you need a Luminor current account and Internet bank, real estate valuation report, real estate insurance for the duration of the loan agreement. Additional costs not included in the APR: real estate insurance premium, real estate valuation costs, notary services.