You have the flexibility to use the renovation loan to renovate your home, to buy everything you need for a makeover or to pay for construction work.
A renovation loan is a loan that requires no collateral which you can use to purchase everything you need to give your place a makeover. We transfer the loan amount to your account, meaning you can buy all your DIY supplies from whichever stores are offering the best prices. The interest rate on renovation loans isn’t linked to EURIBOR, and you can choose a repayment amount at the outset that will then remain the same until the loan is paid off.
We make you a personal offer that depends on the amount you’re looking to borrow, the length of your contract and your creditworthiness. You can submit your application on our self-service site, where it’s also easy to keep an eye on your contracts. Everything – applying, amending your repayment schedule, paying off your loan early and more besides – can be done digitally.
Weigh everything up and review the terms and conditions of the contract before making your decision. If you have any questions or need advice, get in touch with us.
Loan payment protection insurance provides financial security in unexpected situations that may affect your ability to make loan payments. If you face challenging circumstances, such as incapacity for work or job-loss, the insurance can help cover your loan payments.
The insurance can be conveniently added through our self-service platform before signing the loan agreement. For more detailed information about loan payment protection insurance, please refer to our FAQ page or click the loan insurance information tooltip in self-service before signing the loan agreement.
The provider of loan payment protection insurance is If P&C Insurance AS. Please familiarize yourself with the terms and conditions In the event of a claim, please call +372 777 1211 or submit your claim at if.ee.
Your home is the safest place. To keep your peace of mind even in the event of the unexpected, we recommend considering insuring your home. In partnership with If Kindlustus we offer home insurance to protect your house, apartment, summer home and other property.
Home insurance can cover both your home and its contents. Compare the different insurance packages along with their terms and conditions, and find the one that is right for you.
In order to fulfil the due diligence obligation set for us as a bank, we ask you to identify yourself by video in the Veriff OÜ environment if the total amount of your loans is €15,000 or more. If you are not a citizen of the Republic of Estonia, we might also ask you to identify yourself. A device with an Internet connection and a working camera is required for verification. Have your ID ready and follow the step-by-step instructions on screen. We will send you an email with a personal link to verify your identity.
The financial services provider is Holm Bank AS. Review the terms and conditions of the contract and consult an expert. The annual percentage rate of charge is 19.97% on the following sample conditions – loan amount: €4 000; contractual fee: €40; repayment period: 48 months; fixed interest rate: 9.95% of loan amount per annum; total amount payable: €5 616.73; net repayments: €5 576.73; number of repayments: 48.
Posti 30, 90504 Haapsalu
14080830
+372 675 5055[email protected]