Home loan

Holm’s home loan is a flexible solution for purchasing a home or financing major construction work. Also for a summer cottage or country home.

Interest rate

personal interest rate + Euribor

Contractual fee

1% of loan amount, min. of €150

Management fee

0 €

Contract length

up to 30 years

You can also apply

with EIS guarantee

We offer each client

a personalised approach

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Setting yourself up in your own home is a big step in anyone’s life. Holm’s home loan is a targeted loan aimed at private borrowers and secured with collateral. It’s designed for either buying, building, extending, reconstructing or renovating a home. The loan can cover up to 85% of the value of the property. If you have additional collateral to offer, no self-financing is needed. You can also apply for a loan with a co-applicant. In cooperation with EIS (previous Kredex), we can offer you a loan to buy a home with up to 10% self-financing. For the full terms and conditions, click here.

You can apply for a home loan on Holm’s self-service site. You don’t need a valuation report when applying, but you will need to submit one before signing your contract. Once you’ve submitted your application, one of our specialists will get in touch with you.

In order to comply with the due diligence obligation assigned to us as a bank, we ask you to identify yourself by video in the Veriff OÜ environment before signing the agreement.. In order to identify yourself, you need an internet-connected device with a working camera. Have your identity document at hand and follow the step-by-step instructions on the screen. We’ll send the personal link for verification of your identity to your email address.

Purpose

targeted loan secured with real estate

Loan amount

starting from €5,000

Self-financing

min. 15% of the cost of the property (10% with KredEx guarantee) or additional collateral

Term of contract

up to 30 years

Payment schedule

annuity schedule or schedule with equal principal payments

Annual interest rate

6 months’ EURIBOR* + personal interest rate

Contract fee

1% of amount (min. €150)

Suitable collateral

real estate, EIS guarantee

Requirements for borrower

The borrower must be a citizen of the Republic of Estonia or a natural person residing in the Republic of Estonia on the basis of a work and residence permit who is an adult, has full active capacity, would like to obtain credit secured by real estate and is assessed by the bank as having sufficient regular income to service the loan

* EURIBOR data are based on the EURIBOR rate published by the European Money Markets Institute (emmi-benchmarks.eu). A negative EURIBOR is set to zero.

Loan collateral insurance

The property used as the loan collateral must be insured. In partnership with If Kindlustus we offer home insurance that can cover both your property and its contents. Find out more and compare insurance packages.

Frequently asked questions

1. What is a Holm home loan?

Holm Bank’s home loan is a targeted loan aimed at private borrowers and secured with collateral. You can choose between payment schedules and a repayment period of up to 30 years. The interest rate on the loan is linked to EURIBOR.

2. How do I go about applying?

You can apply on Holm’s self-service site, where in addition to asking you how much you want to borrow, we will also request data to help us fulfil the bank’s due diligence obligations and follow the principles of responsible lending. Once you’ve submitted your application, one of our specialists will take a look at it and get in touch with you. If your application is approved, the specialist will make you an offer. If you accept it, we’ll then prepare the loan contract and other documents.
The notarial transaction required for a mortgage to be set will be arranged by the bank. The loan amount is usually paid out within three banking days of all the related contracts being entered into.

3. What’s the biggest loan I can apply for?

The amount of the loan depends on your regular income, any other financial obligations you have and the condition and location of the real estate offered as collateral.
As a rule, we can offer loans of up to 85% of the value of the property, or up to 90% if you decide to get a EIS guarantee – on condition that your repayments on any credit product you currently use and the planned home loan payments combined don’t exceed 50% of your regular monthly income. If you obtain a EIS guarantee, the amount of self-financing may be as low as 10%, but a fee is charged on the amount being guaranteed. If you have additional collateral to offer, you might not have to provide any self-financing at all. The term of your loan can be up to 30 years.

4. What does the interest rate depend on?

The bank analyses your creditworthiness, taking into account your income and financial obligations, plus the information provided on the application form and collected by the bank. As a responsible lender, Holm wants to make sure that potential borrowers will be capable of fulfilling the conditions of their loan.

5. How soon will I get an answer about my application?

We tend to make our initial offer the next working day, but how quickly we get through the pre-contract negotiations depends on how quickly information moves between us. We’ll do our best to meet your needs and expectations.

6. What payment schedules do you offer?

We offer either an annuity schedule or a schedule with equal principal payments.
With an annuity schedule, your payments and interest are divided up in equal parts throughout the term of the loan. Your payments may change due to fluctuations in EURIBOR.
In a schedule with equal principal payments, your payments are higher at the start of the loan period and lower towards the end, because the bank calculates interest on the balance of the loan.

7. Can I get a home loan without having to make a downpayment or provide self-financing?

You can avoid self-financing by offering additional collateral. We generally only accept first-ranking mortgages as collateral. However, a lower-ranking mortgage may be accepted if all of the higher-ranking mortgages were established for the benefit of Holm Bank or the state.

8. What costs should I expect to have to meet when applying for a home loan?

When you enter into a home loan contract, keep in mind that you’ll need to cover the cost of having the property you’re using as collateral valued and of establishing the mortgage at a notary’s office, and pay the contract fee. On agreement with the bank, the latter two can be financed as part of the loan amount.

9. When and how can I make use of a KredEx guarantee?

You can make use of a EIS guarantee on the conditions set out here.

10. What should I do if I run into payment difficulties?

If it seems likely that you’ll struggle to make your payments, contact us as soon as possible so that we can come up with a workaround together. We may be able to grant you a grace period or extend the term of your contract. In any case, it is sensible to cooperate with the bank to find the best solution.

11. What do I need to do if I want to pay off my loan ahead of time or sell the property I bought with the loan?

Repaying your loan in full ahead of time is free of charge provided you let us know three months in advance. If you can’t or don’t want to wait that long, you’ll need to pay the following three months’ interest in accordance with our price list.

Additional information

Pre-contractual information

Price list

The financial services provider is Holm Bank AS. Before entering into a contract, review the terms and conditions and, if necessary, consult a specialist. The annual percentage rate is 6.63% on the following sample terms and conditions: the loan amount to be used in full after entry into the contract is 70 000 euros; repayments are made as monthly annuity payments; the contract fee is 700 euros; the term of the contract is 25 years; and the variable interest rate is 6 months’ EURIBOR + 4% per annum (as of 11.04.2025, 6 months’ EURIBOR is 2.244%). Based on this example, the total amount to be repaid is €140 024.67, the amount of repayments is €139 324.67 and the number of repayments is 300. For collateral, a mortgage is set on a property and we require ensurable property to have a valid insurance agreement in place. This example does not take into account the costs of the valuation of the property used as collateral, the notary and state fees related to establishing the collateral or the cost of insuring the collateral.

Holm Bank AS

Posti 30, 90504 HaapsaluReg. code 14080830VAT EE101970615

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Home loan

Interest rate

Contractual fee

Management fee

Contract length

You can also apply

We offer each client

Loan collateral insurance

Frequently asked questions

Additional information

Holm Bank AS

Credit institution license

Customer service

Data protection

Private customer

Business customer

Holm on social media

Find it fast

Holm on social media