Representative example of an idea loan
Loan amount | Loan repayment term | Number of instalments | Loan agreement fee | Bank annual interest rate of 2.6% + 6 month Euribor* | Minimum monthly account maintenance fee | Monthly instalment | Total repayment amount | Mortgage registration in the land register | Annual percentage rate (APR) |
---|---|---|---|---|---|---|---|---|---|
€ 60 000 | 20 years | 240 | € 600 | 6.502 % | € 1.30 | € 448.71 | € 108 186.40 | € 73.50 | 6.87 % |
* A variable 6-month Euribor rate of 3.902% per year, effective as at 08 March 2024, is used in the calculation. Creditor: Luminor Bank AS Latvian branch. Loan collateral – mortgage on the real estate to be purchased. To get the loan, you need a Luminor current account and Internet bank, real estate valuation report, real estate insurance for the duration of the loan agreement. Additional costs not included in the APR: real estate insurance premium, notary fees and costs related to additional products and services if chosen by you.