Favorable financing conditions for home renovation and energy efficiency

The summer is as hot as your ideas? Bring them to life!

The summer is as hot as your ideas? Bring them to life!

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

 
Offer valid for loan applications submitted from 20.06.2022 to 21.08.2022.

Novelty! 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 EUR 4 000 to EUR 30 000
  • Loan term from 12 up to 120 months
  • Annual fixed interest rate 5.9 %**
  • Chance to receive a partial refund as a grant under MoEPRD support programm
  • €0 loan agreement fee*
  • 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).

* Offer is valid for loan applications submitted from 20.06.2022. to 21.08.2022.
** Offer is valid from 10.02.2022. to 30.12.2022.

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.

  • Annual interest rate from 7.9%*
  • Loan amount from EUR 2 000 to EUR 30 000
  • No loan agreement fee is applied for a loan amount over €3.000*
  • Without downpayment or pledge
  • You can conclude an agreement remotely

* Offer is valid for loan applications submitted from 20.06.2022. to 21.08.2022.

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 450 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

Our cooperation partners and financing conditions

We are there to guide you along the process

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

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.

Loan for renovation and property acquisition: representative example

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 8.5 % € 0 € 1.30 € 12 081.72 € 142.53 9.15 %
The result is informative and based on an approximate calculation.

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