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Holm Bank.Private.Loans.Holm renovation loan

Renovation loan

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.

Loan amount

up to €25,000

Interest rate

from 5,99%

Contract fee

from €50

Contract length

6-120 months

Optional

loan payment protection insurance

Administration fee

from €0,99
Renovation loan

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. 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

Loan payment protection insurance offers financial support in the event of unforeseen circumstances that may affect your ability to keep up with your loan repayments. Should you face situations such as long-term incapacity for work or unemployment, the insurance helps cover your monthly loan payments.
You can add this insurance to your loan agreement via our self-service. For more information, please visit loan payment insurance page.

Loan payment protection insurance is provided by If P&C Insurance AS.

Loan payment protection insurance

Insure your home against the unexpected

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.

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Insure your home against the unexpected

Frequently asked questions

1. Who can apply for a Holm renovation loan?
All citizens of the Republic of Estonia or people with a residence permit in Estonia at least 20 years of age can apply for a Holm small loan. Your income must be at least €550 a month and you must not be in arrears.
2. How can I apply for a renovation loan and sign a contract?
Submitting a loan application is convenient and secure. After submitting an application, the response will be displayed immediately. If the decision is positive, please examine our offer, prepare a suitable payment schedule, carefully read the terms and conditions and sign the loan contract.
If you need more time to think things through before you sign the contract, the offer will be pending in our self-service environment.
We follow the principles of responsible lending. Therefore, in some cases, we need your bank statement or digital identification. We will always keep you up to date with the application process.
3. What is the credit limit for a Holm renovation loan?
A credit limit is a monetary limit within which you can purchase goods or services. With Holm renovation loans, it is possible to apply for a maximum of €25,000. Your possible Holm renovation loan limit will be determined after you submit the application.
4. When and to which account will my loan amount be paid?
After signing the contract, we usually pay out the loan amount within 1 working day. The loan amount will be transferred to your personal account.
5. Is a management fee applied to concluding a Holm renovation loan contract?
The monthly management fee starts from €0. The amount of the management fee is reliant on the current terms and conditions and effective campaigns. Please review the terms and conditions in your offer and contract.
6. Is it possible to choose a suitable repayment period when drawing up a Holm renovation loan contract?
Yes. The repayment period of a Holm renovation loan can be 6–120 months. The exact payment schedule will become clear after assessing your solvency.
7. Can I pay more than one instalment in a month?
Yes – the amount overpaid will be an advance on the next instalment(s).
8. Can I change the payment schedule of my Holm renovation loan contract?
Yes, it is usually possible to make the Holm renovation loan payment schedule longer or shorter and to change the payment date. If you want to do so, notify Holm in writing on paper or by e-mail at [email protected].
9. Will I be sent a monthly invoice?
Holm renovation loans are paid on the basis of a payment schedule (annex to the contract). Holm does not send a monthly invoice. Make sure that the payment reaches our account no later than the payment deadline (for example, on holidays and public holidays, the transfer of interbank payments may be delayed). In order not to forget the payment, you can enter into a standing order in your Internet bank. You can also follow the payment schedule in our self-service environment.
10. Where do I see my contracts?
You can see your contracts from our self-service.
11. Can I terminate Holm renovation loan agreement earlier?
Yes, you can repay the loan or part of it received under the Holm renovation loan agreement ahead of time. If you have such a request, notify Holm by e-mail [email protected].
12. How am I identified?
To fulfil the due diligence obligations placed on us as a bank, we may ask you to verify your identity via video in Veriff’s environment. To verify your identity, you will need a device with an internet connection and a working camera. Please have your identity document ready and follow the step-by-step instructions shown on the screen. We will send you a personal link for identity verification to your email address.

Additional information

Pre-contractual information
Price list

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 19.79% on the following sample conditions – loan amount: €4,500; contract fee: €67.50; administration fee: 0.99€; repayment period: 44 months; fixed interest rate: 9.99% of loan amount per annum; total amount payable: €6,289.64; net repayments: €6,222.14 ; number of repayments: 48.

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Business registration code

14080830

Credit institution license

02.04.2019

Customer service

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