Housing loan: representative example of a special offer

Loan amount € 102 000, loan repayment term – 25 years (300 monthly payments), down payment 15% of the transaction amount (€ 120 000) - € 18 000. Monthly payment – € 570.83. Minimum monthly account maintenance fee – € 1.30. Bank’s annual interest rate of 1.59% + 6-month Euribor*. Loan agreement fee – € 1 020. Mortgage registration in the land register – € 115.50. Total repayment amount – € 172 580.75. Annual percentage rate (APR) – 4.78%. 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.

Luminor offers daily banking services to citizens or residents of Latvia, Lithuania, and/or Estonia, and would like to establish a business relationship with all potential customers who see Luminor bank as a partner for everyday services, as well as lending, investments, or deposits. Detailed information on Luminor’s target customer and required documents list can be found here.

(1) The offer is valid for the applications submitted until 31.12.2024 for your first housing loan with us. Starting from the 13th or 7th month after the loan is granted, an individually determined variable interest rate is applied according to the terms of the loan agreement. The offer may include additional conditions depending on the individual situation of the customer.
(2) Free cash out up to EUR 1 200 from Luminor ATMs and up to EUR 400 from other ATMs worldwide. Certain ATMs abroad may impose an ATM fee, notifying them about it on the ATM screen. To withdraw money without a commission fee, please use another ATM network.
(3) Luminor Purchase and Travel insurance services are provided by ADB Compensa Vienna Insurance Group, reg. No. 40103942087, Vienības gatve 87H, Riga. For more information on purchase insurance, please refer to the rules. Full terms and conditions for travel insurance can be found here.
(4) The offer is valid for applications submitted until 31.12.2024.