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Loan for purchasing property abroad | Luminor

Loan for purchasing property abroad

Loan for purchasing property abroad

Loan for purchasing property abroad

Dreaming about summer home abroad? Use your existing real estate as collateral and make your dream come true!
 

  • Variable annual interest rate from 1.85%* + Euribor
  • Loan will be secured by real estate you own in Latvia
  • Maximum loan amount up to 70% of the market value of the real estate to be mortgaged

 
* Final offer is customer based and may depend on agreed special conditions
Apply for a loan now
See what I can afford

Idea loan calculator

Loan Calculator

Loan amountLoan amount in eurosEUR
EUR
Downpayment as a percentage %
Interest rate as a percentage%
Interest rate fixed as a percentage%
Loan termLoan term in yearsyears
Re-payment type
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Re-payment type

Monthly installment:

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How is my loan calculated?

Loan amount
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Total interest paid
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Loan agreement fee
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Current account maintenance fee
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Mortgage registration in the land register
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Total repayment amount
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Annual interest rate (2.1% + 6-month Euribor)
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Fixed interest rate for 5 years
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Annual percentage rate (APR)
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The result is informative and based on an approximate calculation.
Creditor: Luminor Bank AS Latvian branch. The pledged property must be insured. Notary fees, property valuation and insurance costs are not known to the bank and are therefore not included in the annual percentage rate. The fulfillment of obligations under the loan agreement will be secured by the real estate mortgage.

The bank’s interest rate consists of a fixed part and a variable part. The fixed part of the interest rate will be set for each customer individually. The variable part of the interest rate is Euribor, the rate, at which banks may borrow funds at the interbank market of European Union countries. This part of the rate changes after a certain period (for example, 3 months or 6 months) as agreed upon between the customer and the bank. Learn more about Euribor here.

This loan is for
This loan is for
EUR
EUR
EUR
LuminorLuminorLuminor

Your maximum credit amount:: EUR

Summary label for maximum monthly payment: EUR

The displayed result is informative and based on the approximate calculation.
Creditor: Luminor Banka AS Latvian branch. The pledged property must be insured. Notary fees, property valuation and insurance costs are not known to the bank and are therefore not included in the annual percentage rate of charge. The fulfillment of obligations under the loan agreement will be secured by a real estate mortgage.

Your maximum loan amount:
EUR
?

Maximum monthly loan payment: EUR

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The displayed result is informative and based on the approximate calculation.
Creditor: Luminor Banka AS Latvian branch. The pledged property must be insured. Notary fees, property valuation and insurance costs are not known to the bank and are therefore not included in the annual percentage rate of charge. The fulfillment of obligations under the loan agreement will be secured by a real estate mortgage.
Payment No.InstallmentInterest amountLoan repayment amountLoan balance
Representative example. Real estate price: 100 000 € | Loan amount: 70 000 € | Loan repayment term: 20 years (240 monthly payments) | Down payment: 30 000 € | Loan agreement fee: 700 € | Loan annual interest rate: 1.99% + 6 months Euribor (2.07% on 10.07.2025) | Minimum monthly account maintenance fee: 1.30 € | Monthly instalment: 426.55 € | Total repayment amount: 103 280.47 € | Mortgage registration in the land register: 85 € | Annual percentage rate (APR): 4.31%.
This example is informative. The loan is secured by the mortgage on the real estate. The mortgaged property must be insured. Creditor: Luminor Bank AS Latvian branch. 

The path to get your loan

  1. Fill in the Luminor housing loan application and submit documents online. As a collateral you need real estate owned by you in Latvia

  2. Receive a call from our advisor to guide you through the next steps

  3. Get a loan offer and introduction to the loan details in a call with our advisor

  4. Sign loan agreement remotely

  5. As soon as mortgage on your real estate in Latvia will be registered in land register, we will transfer money to your account

  6. Purchase the real estate abroad

Apply for a loan

Requirements to apply

  • You are at least 21 years old
  • You have a regular monthly income of at least EUR 680
  • You have a combined monthly income of at least EUR 1100 if you apply with a co-borrower and you don’t have any dependents
  • Loan needs to be secured by real estate you own in Latvia

Documents to apply

Safe housing loan kit

Loan payment insurance

To ease the financial burden, in the case of involuntary unemployment or lasting incapacity for work.
See what’s covered

Life insurance

To provide financial support to your family when you are not able to do it by yourself.
Read more

Home insurance

To secure your financial well-being in the case that your residence, home contents, and relationship with neighbours are affected by unforeseen circumstances.
Calculate the premium

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