Loan for home renovation or home energy efficiency

Loan for home renovation or home energy efficiency

Loan for home renovation or home energy efficiency

  • Loan for home renovation or property acquisition with annual interest rate from 7.9%
  • Loan for improving home energy efficiency with annual interest rate from 5.9%
  • Loan for home renovation or improving energy efficiency with no loan agreement fee*

 
* Offer is valid for loan applications submitted 15.11.-15.01.2023

Loan for improving home energy efficiency and/ or installation of solar panels

To make your home more self-friendly and also environmentally friendlier, improve its energy efficiency by installation of air ventilation system, heat pumps and solar panels. Investing in these solutions is a contribution to a more sustainable future.

  • Loan amount from € 4 000 to € 30 000
  • Loan term from 12 up to 120 months
  • Annual interest rate from 5.9 %
  • Chance to receive a partial refund as a grant under MoEPRD support programm
  • Loan agreement fee: 1% from loan amount (min €60)
  • Loan can be repaid before maturity without additional commission fees
  • No down payment required
  • The following information should be submitted before entering into the loan agreement:
    1) an estimate made by the contractor of the solar panel or energy efficiency improvement works regarding the costs of the project, or a mutually concluded agreement on the work performance;
    2) a statement that the customer or the spouse of the customer owns the real estate (information can be obtained from the Latvian State Portal latvija.lv).

Ownership certification is not required if the solar panels are to be installed outside the building, e.g. in the field (an estimate of the works or an agreement with the contractor is still required).

Loan for home renovation and property acquisition

If you need funds to purchase a summer house, a land plot for garden, a parking lot, a garage etc. or for home repair, choose a Luminor loan for real estate purchase or repair. You can also use Luminor financing to make your home more energy efficient - by replacing windows or doors, insulating walls or doing other things to improve the energy efficiency of your home!

  • Annual interest rate from 7.9%
  • Loan amount from € 2 000 to € 30 000
  • Loan agreement fee: 1.5% from loan amount (min €60) 
  • Without downpayment or pledge
  • You can conclude an agreement remotely

Representative example: Loan for energy efficiency of housing and solar panels

Loan amount Loan repayment term Fixed annual interest rate Loan agreement fee Minimum monthly account maintenance fee Total repayment amount Monthly instalment Annual percentage rate (APR)
€ 9 000 84 months 5.9 % € 0 € 1.30 € 11 117.40€  € 131.05 6.38 %

The result is informative and based on an approximate calculation.

Representative example: Loan for renovation and property acquisition

Loan amount Loan repayment term Fixed annual interest rate Loan agreement fee Minimum monthly account maintenance fee Total repayment amount Monthly instalment Annual percentage rate (APR)
€ 9 000 84 months 10 % € 0 € 1.30 € 12 659.64 € 149.41 10.78 %
The result is informative and based on an approximate calculation.

Our cooperation partners

GetaPro.lv

The largest service portal in Latvia. Create an order online and receive offers from trusted service providers with feedback.

Apply for a loan

SaulesParki.lv

Powerful, modern AllBlack design solar panels and full service!

Apply for a loan

Baltik Elektro

We provide a full solar panel solution. From project coordination to transfer. We cooperate with the world's leading manufacturers of solar panels and inverters

Apply for a loan

SOLARSHOP.LV

We create the energy of the future! Become a producer of solar electricity and be independent of electricity prices

Apply for a loan

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The path to get your loan

Fill in the application online

Receive loan offer via call and get guidance through next steps

Sign the loan agreement remotely

Receive funds to your account and make your desired purchase

In case you purchased a real estate, register your property within 60 days after entering into the agreement

If you have signed the loan agreement for energy efficiency, you undertake to use the funds for the intended purpose of the loan

Requirements to apply

  • You are at least 18 years of age
  • Your regular, officially proven income is at least EUR 510 per month (after taxes)
  • Monthly financial obligations must not exceed 40 % of your monthly income

Documents to apply

  • Loan application
  • Your passport or eID card
  • We’ll inform you if we need any additional documents