Housing loan

Buying your own home is a big and important decision, especially if it is your first home. Would you like to buy, build or renovate? We offer you financing that suits your plans.

Advantages of a mortgage loan

  • Special housing loan offer for newly built appartments and semi-detached houses
  • Financing for up to 85 % of the value of the property to be purchased
  • In order to reduce your contribution, choose a mortgage loan with a KredEx guarantee
  • You may also use property you already own as your contribution
  • The term of the loan is up to 30 years

4 steps till your new home

  • Creditworthiness. You may have many unanswered questions if you’re considering buying your first home. What kind of a home can I buy? How much can I borrow? You can calculate your approximate creditworthiness using the loan calculator.
  • Options. After you’ve a suitable home and start thinking about a mortgage loan, make an appointment for a consultation and we’ll help you consider the key aspects and advise you in all issues related to your mortgage loan.
  • Financing. Submit a loan application in order to get a loan decision. We’ll make you an initial offer. Choosing a new home is easier once you understand your financial capabilities.
  • Agreement. We will introduce the terms and conditions of the loan and the procedure for paying out the money before the agreement is entered into.

Sample offer of a housing loan

Floating interest rate
per year
Agreement fee Repayments Total amount
of repayments
€64,000 30 years 2.50 % 
+ 6 months Euribor
€640 360 €90,886 €91,526 2.57 %

How can you buy a home with a housing loan?


Take a look at your creditworthiness

Use the calculator or make an appointment for a consultation


Fill in the loan application

  • Fill out the loan application and ask for advice about borrowing options
  • We will send you a loan offer once you’ve submitted all the necessary documents


Sign the contracts

  • Make an appointment with a notary for signing the purchase and sale contract and the mortgage contract, and inform us about it.
  • Make sure that your family is protected and take out borrower’s life insurance.


Payout of the loan

The loan will be paid out after the notarised mortgage contract has been signed

See also the offers of our partners

Necessary documents

  • Loan applicant(s)` passport or ID-card.
  • Applicant(s)` bank account(s)` statement from the last 6 months. If income has been received at our bank for the past 6 months, then a bank statement is not necessary.
  • Valuation report of the object , offered as loan guarantee, drawn up at a real estate office accepted by the bank. The loan applicant orders the valuation report of the object offered as a guarantee for the loan and will bear the cost of compiling the valuation report according to the real estate appraiser`s pricelist.
  • In case of renovation or construction work, a calculation or other construction-related documents. For example, a construction project, building permit, a contract with the builder etc.
  • Loan application. The application can be submitted on paper or electronically. Our bank`s customers can submit the application though Netbank.

Useful links

Home loan general information
Bank`s general terms and conditions
Real estate appraisers
Home insurance
 Loan recipient`s reminder
 Surety provider`s reminder
 Pledgor`s reminder
 Examples of annual percentage rate

Are you thinking of buying a home?

You might be also interested in: Home insurance, Credit Life Insurance

Before concluding a loan agreement, please read the loan agreement terms and conditions, and risks related to non-fulfilment of obligations arising from the loan agreement and if necessary, consult an expert. The loan provider is Luminor Bank AS, headquarters located at Liivalaia 45, 10145 Tallinn.