Home loan
Loans starting from
€5,000
Interest rate linked to
EURIBOR
Contract fee
1% (min. €150)
Management fee
€0
Contract term
up to 30 years
A personal approach
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 KredEx (which is now known as the Estonian Business and Innovation Agency), 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.
Frequently asked questions
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.
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 KredEx (now the Estonian Business and Innovation Agency) 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 KredEx 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.
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.
Additional information
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 8.68% on the following sample terms and conditions: the loan amount to be used in full after entry into the contract is 100 000 euros; repayments are made as monthly annuity payments; the contract fee is 1 000 euros; the term of the contract is 30 years; and the variable interest rate is 6 months’ EURIBOR + 4% per annum (as of 03.10.2023, 6 months’ EURIBOR is 4.128%). Based on this example, the total amount to be repaid is €270 450.26, the amount of repayments is €269 450.26 and the number of repayments is 360. 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 Haapsalu
Commercial Register code
14080830
