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Idea Loan

Idea Loan – your plans can be fulfilled easier

Idea Loan – your plans can be fulfilled easier
  • Variable annual interest rate from 1.99%* + Euribor
  • Loan for implementation of an idea by pledging real estate you already own
  • Lower interest rate as compared to a consumer loan

 
* Final offer is customer based and may depend on agreed special conditions
Get an offer

Idea loan benefits

  • Loan amount from € 10 000
  • Long repayment term – up to 20 years
  • Maximum loan amount up to 70% of the market value of the real estate to be mortgaged
  • Repair, renovate or overhaul an existing property without reports and cash monitoring
  • Acquire another property, e.g. country house, summer cabin or land

Idea loan calculator

Idea Loan Calculator

EUR
EUR
%
%
%
years
Re-payment type
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In case the Annuity repayment schedule is chosen your monthly credit payments will be the same throughout the credit repayment period. In case the Linear repayment schedule is chosen your monthly credit payments will be higher at the beginning of the repayment period and smaller at the end of the repayment period.Tap to close

Monthly installment:

EUR
?

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
Annual interest rate (2.1% + 6-month Euribor)
?

A variable 6-month Euribor rate of 3.902 % per year, effective as at 08.03.2024, is used in the calculation. The fixed part of the rate is indicated for information only and may vary from case to caseTap to close

%
Fixed interest rate for 5 years
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A fixed interest rate for a period of 5 years is used in the calculation, 4.5% per annumTap 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 offers.Tap to close

%
View payment schedule

The result is informative and based on an approximate calculation.
Creditor: Luminor Bank 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. The fulfillment of obligations under the loan agreement will be secured by the 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.

This loan is for
EUR
EUR
EUR
LuminorLuminorLuminor

Your maximum credit amount:: EUR

Summary label for maximum monthly payment: 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.

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.

Payment schedule

Payment No.InstallmentInterest amountLoan repayment amountLoan balance
Representative example of an idea loan

Loan amount Loan repayment term Loan agreement fee Bank’s annual interest rate of 1.99% + 6-month Euribor* Minimum monthly account maintenance fee Monthly instalment Total repayment amount Mortgage registration in the land register Annual percentage rate (APR)
€ 60 000 20 years (240 monthly payments) € 600 4.962% € 1.30 € 395.06 € 95 643.54 € 73.50 5.24%
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 2.972 per year, effective on 21 October 2024, is used in this example.

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

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 loan agreement remotely

As soon as transaction will be registered in land register, we will transfer money to your account

Apply for a loan

Requirements to apply

  • 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

Your property gives you new possibilities!

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See our other products

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