The maximum loan term is 20 years. A longer loan period means lower monthly payments. The loan must be repaid by the loan recipient`s 70th birthday.
Generally, the total sum of the loan applicant(s)` loan and leasing payments may make up to 40% of the loan applicant(s)` income.
Loan repayment takes place on a monthly basis, when the bank debits all payments to be paid to the bank on the basis of the loan agreement from the loan recipient`s bank account without additional order.
It is possible to choose between an annuity schedule and schedule with equal principles.
Interest is made up of base interest and the customer`s personal margin.
The loan interest rate may change according to the agreement! In case of a potential increase in the loan interest rate, the monthly loan payments increase and due to that, the loan payments may become bigger.* Unfixed base interest rate EURIBOR (Euro Interbank Offered Rate) is the euro reference rate quoted for deposits of the corresponding period on the European interbank financial market, administered by the European Banking Federation and Financial Markets Association. Information about base interest rates is published on the bank`s webpage; you can also get information from bank offices and from the bank`s information line +372 628 3300.
Idea loan guarantee is real estate, which can be encumbered with real security i.e. mortgage and the loan sum may form up to 60% of the guarantee`s market value.
In insuring assets mortgaged in own favour in Estonia, we accept all non-life insurance companies registered in Estonia and licensed by the Financial Supervision Authority with the company`s name published on the Financial Supervision Authority`s homepage.
You must fill in an application for premature loan repayment.
Premature loan repayment comes with the premature repayment fee on the prematurely repaid loan sum calculated in the amount of 3 next months` interest.
If the loan recipient gives at least 3 months` notice of premature repayment, then the premature repayment fee is not applied.
Dependent on loan agreement terms and conditions, in addition to the, interest as at payment date and/ or the cost of prematurely terminating the derivative related to setting limits on base interest rate must be paid to the bank; in case of debs, also these with accrued interest.