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

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

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

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

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

Sign loan agreement remotely

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

Purchase the real estate abroad

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