Home loan

Individual

interest rate

Up to

30 years

maturity

From

15%

down payment

Let's apply for the home loan

I’m a customer of SEB

You can fill in and submit the home loan application in the internet bank.

I’m not an SEB customer

You can fill in and submit the home loan application if you have qualified Smart-ID or an eID card.

If the internet bank is not available to you or you do not have a qualified Smart-ID

We invite you to apply for a home loan consultation.

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Choosing SEB provides you various benefits

Loan consultations for home purchase and construction

Remote application and signing of the agreement

Special offers in the new projects of our partners (LAT)

Special offer

Apply for a home loan until December 31 and receive:

Especially beneficial interest rate
Escrow account for 0 EUR
Loan processing free of charge
30% discount for property insurance from our partner If Apdrošināšana

^{Offer is valid for A class apartments. Calculation example: real estate price 80 000 EUR, customer down payment 12 000 EUR, loan amount 68 000 EUR, interest rate is 6%, the interest rate is variable and consists of the total sum of margin and base rate, loan repayment term 30 years, monthly payment 381 EUR (360 payments in total), calculated according to annuity method. Commission fee for processing the loan is - 0%, commission fee for servicing the current account - 1 EUR per month. Annual percentage rate of charge (APRC) 5.56 %, total amount to be paid 137 437 EUR. The loan is secured by a real estate mortgage, the mentioned real estate must be insured for the entire duration of the loan agreement.}

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Responsible home purchase through Green Home loan

Our homes have a big impact on the environment. Therefore, we would like to encourage the construction and purchase of energy-efficient homes.

Beneficial and individually determined loan conditions
Lower monthly bills
Environmentally friendly
Healthier home environment
Long-term property value advantage

Home loan calculator

Calculation example: real estate price 80 000 EUR, customer down payment 12 000 EUR, loan amount 68 000 EUR, interest rate is 6%, the interest rate is variable and consists of the total sum of margin and base rate, loan repayment term 30 years, monthly payment 381 EUR (360 payments in total), calculated according to annuity method. Commission fee for processing the loan is - 0%, commission fee for servicing the current account - 1 EUR per month. Annual percentage rate of charge (APRC) 5.56 %, total amount to be paid 137 437 EUR. The loan is secured by a real estate mortgage, the mentioned real estate must be insured for the entire duration of the loan agreement.

New home in just 10 steps

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Consultation

Apply for a free consultation about the home loan either remotely online or in person. Please indicate information about the house you wish to buy and your financial possibilities in the application form so that we can discuss your needs and financing solutions more thoroughly during the consultation.
Property evaluation

Acquire property evaluation. When purchasing property in the new projects (LAT) of our partners, the evaluation might already be prepared. However, in most cases a certified real estate valuer needs to prepare the evaluation.
Loan application

Submit the loan application.
Please provide accurate and complete information in the application so we can evaluate your ability to repay the loan and make a decision on granting the loan. If necessary, your customer executive might ask you for documents that relate to your income or are needed to evaluate the granting of the loan.

Learn more

New home in just 10 steps

Consultation

Apply for a free consultation about the home loan either remotely online or in person at a branch of SEB. Please indicate information about the house you wish to buy and your financial possibilities in the application form so that we can discuss your needs and financing solutions more thoroughly during the consultation.
Property evaluation

Acquire property evaluation. When purchasing property in the new projects (LAT) of our partners, the evaluation might already be prepared. However, in most cases a certified real estate valuer needs to prepare the evaluation.
Loan application

Submit the loan application.

Additionally provide:
- Property evaluation
- The printout of the bank account for the past 6 months (if your income is not transferred to the account with the SEB)
If necessary, your customer executive might ask you for documents that relate to your income or are needed to evaluate the granting of the loan. Please provide accurate and complete information in the application so we can evaluate your ability to repay the loan and make a decision on granting the loan.
Bank’s offer

Evaluate the terms and conditions of the loan offered to you according to the goal and collateral specified in your application. Before signing the agreement, please consult your customer executive if you have any uncertainties regarding the offered terms and conditions.
Signing the loan agreement

Sign the loan and pledge agreement with SEB. To reduce the risks related to home loan repayment, we suggest using loan payment insurance. You can open a business account to ensure a safe transaction of purchase and sale.
Signing documents at the notary

Sign the purchase agreement with the seller of the property, and signature of the request for corroboration at the notary who certifies documents to be submitted to the Land Register. You can use the remote video conference with the notary for signing the documents.
Registration of the ownership rights and mortgage in the Land Register

Submit the documents to the Land Register. If you signed the documents with the seller of the property at the notary by using the remote video conference, the notary can submit the documents to the Land Register electronically for you.
Real estate insurance

Purchase a home insurance policy for the pledged property in SEB. A special insurance offer is provided when purchasing the policy from our partner If Insurance. You can conveniently calculate and purchase an all risk home insurance policy with a low monthly payment by visiting the internet bank section: Insurance – Home insurance.
Loan disbursement

As soon as the Land Registry judge registers your ownership rights and the bank’s mortgage, your customer executive will make sure that the loan is disbursed to you as soon as possible.
New home!

Congratulations on your new home!

If you wish to change repayment terms and conditions after the loan disbursement, please submit an application in the internet bank.

What SEB offers

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Individual application’s evaluation and interest rate
Down payment starting from 15% (from 5% with ALTUM guarantee)
Loan repayment term of up to 30 years
Possibility to defer principal payments
You can make a full or partial loan early repayment in the internet bank, as well as conveniently change monthly payment date and account

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ALTUM support

Support for purchasing or constructing a home is available in cooperation with the state development finance institution ALTUM. You can learn more about the terms and conditions, as well as the available support programmes on the ALTUM website.

Available ALTUM programmes

Guarantee for young professionals
Guarantee for families with children
Subsidy “Balsts” for large families
Guarantee for soldiers of National Armed Forces

Altum guarantee for families with children

With a state guarantee financing can reach up to 95% of the real estate market value. Altum programme’s state guarantee is available for families with dependent children up to the age of 23 (inclusive).

Guarantee recipients

Families with dependent children aged up to 23 years or during pregnancy.

The guarantee can be increased up to 5% (but no more than 5,000 euros) if you buy or build A class or nearly zero energy house.

Guarantee fee

2.5% of the guarantee amount, one time payment

Guarantee amount

If the real estate is located in the administrative territory of the city of Jūrmala, the city of Riga and the counties adjacent to the city of Riga (Mārupe county, Olaine county, Ķekava county, Salaspils county, Ropaži county, Ādaži county):

1 child or during pregnancy: 5% – 10% of the loan amount (up to 10 000 euros)
2 children (or 1 and pregnancy): 5 – 15% of the loan amount (up to 15 000 euros)
3 children (or 2 and pregnancy): 5 – 20% from the loan amount (up to 20 000 euros)
≥4 children (or 3 and pregnancy): 5 – 30% of the loan amount (up to 30 000 euros)

If the real estate is located outside the above-mentioned areas:

1 child or during pregnancy: 5%-30% of the loan amount (up to 30 000 euros)
2 children (or 1 and pregnancy): 5%- – 40% of the loan amount (up to 40 000 euros)
≥3 children (or 2 and pregnancy): 5%- – 50% of the loan amount (up to 50 000 euros)

How to obtain the guarantee

Submit documents at SEB
SEB sends documents to ALTUM
ALTUM informs SEB about guarantee provision

Guarantee fee: 2.5% of the guarantee amount, one time payment

Required documents*

birth certificate/-s of the child/children;
a document with the reference on declared place of residence of the borrower and child/children;
the reference on the minor persons in the family's custody (submitted if the borrower hasn't been indicated in the child's birth certificate as the mother or father, or a child/children is/are of age 18 -23);
an entry from inpatient or out-patient medical card of the patient that confirms pregnancy (if the father is applying for the guarantee and the mother is not involved as a co-borrower, the entry must be submitted together with the mother’s consent to its use).

* Data processing is primarily intended for receiving the service as defined by the Privacy Policy.

Subsidy “Balsts” for families

Free financial support for the purchase or construction of a house for families with three or more children and regular income, and for persons with dependent children with disabilities or dependent persons under the age of 24 with group I or II disabilities.

Subsidy recipients

Families with three or more children (or two children and pregnancy);

Persons with dependent children with disabilities or dependent persons under the age of 24 with group I or II disabilities.

Requirements for subsidy:

family's average gross income per family member during the last calendar year does not exceed 17 000 EUR;
borrower is a resident taxpayer;
borrower does not own another living space;
borrower previously has not received Support subsidy;
purchase amount does not exceed 300 000 EUR;
persons living together with at least one dependent minor child with disabilities, or an adult person under the age of 24 with group 1 or 2 disabilities, provided that the transaction amount does not exceed 300 000 EUR.

Subsidy amounts

if there are three children in the family (or two children and pregnancy)
8 000 EUR - if there are three children in the family (or two children and pregnancy)
10 000 EUR, if:
- if there are three children in the family (or two children and pregnancy) and a nearly zero energy house* is being purchased or built
- if there are more than three children in the family (or three children and pregnancy)
12 000 EUR - if there are more than three children in the family (or three children and pregnancy) and a nearly zero energy house* is being purchased or built
8000 EUR or 10 000 EUR (if home meets the requirements of a nearly zero energy house) for persons living together with at least one dependent minor child with disabilities, or an adult person under the age of 24 with group 1 or 2 disabilities, provided that the transaction amount does not exceed 300 000 EUR.

*You can verify the house energy performance certificate in the Building information system’s House energy performance certificate registry (in Latvian).

Subsidy can be received with or without the Altum guarantee by applying for a mortgage loan for home purchase or construction.

The subsidy is used to pay for the purchase or construction of real estate.

Subsidy’s max amount cannot exceed 50% of the house purchase or construction amount.

Required documents***

children birth certificates;
a document with the reference on declared place of residence of the borrower and children;
a document with reference on the minor persons in the family's custody**;
an entry from inpatient or out-patient medical card of the patient that confirms pregnancy;
SRS statement on compliance with the status of a domestic taxpayer (resident) in the last 12 months;
document certifying the eligibility – a copy of the birth certificate of a child with a disability or an adult with group 1 or 2 disability, or a copy of another document certifying the legal status of the child or the person, and the copy of the disability document or the decision of disability issued by the State Commission of Doctors for Health and Working Capacity Expertise.

** Needs to be submitted if the borrower is not indicated in the child’s birth certificate as a mother or father, or if the child is an adult.

*** Data processing is primarily intended for receiving the service as defined by the Privacy Policy.

More information about the home loan

Price list

Service	Fee
Revision of the application	Free of charge
Processing of the loan, increasing (% of the granted amount)¹	0,5%, min 100.00 EUR
Repayment of the loan before maturity	Free of charge
Reserving resources (% of the unused amount of the granted loan if loan disbursement term is prolonged and loan purpose is construction)	0,5% per year
Other changes on the customer's initiative (% of the loan balance)¹	0,5%, min 100.00 EUR
Change of the monthly loan repayment date in the internet bank	Free of charge
Change of the account used for monthly repayment in the internet bank	Free of charge
Preparation, drawing up or approval of documents if the pledged immovable property is being sold and if the transaction is financed by another credit institution	400.00 EUR
Uninsured collateral maintenance²	20.00 EUR per month
Additional services³
Valuation of collateral	By agreement
Preparation, processing and approval of bank's consent upon the customer’s request	By agreement, min 70.00 EUR

¹ The commission fee must be paid on the day the agreement or amendments are signed.

² Commission fee is applied if the collateral is not insured (insurance policy is not provided to the bank) more than 30 days since expiration of the previous insurance policy.

³ The fee for issuing of references (per document) is set in “Processing of Customer's documents“ section.

Useful information

Amount of financing	Classical loan - up to 85% of the real estate market value Financing for purchase, renovation, construction or improvement of a home. Your current home or one you will purchase will be used as a collateral. Each application for a loan will be evaluated individually.
Amount of financing	Loan with state pledge - up to 95% of the real estate market value Who can apply for a state guarantee: families with dependent children under the age of 23 young specialists with a higher or vocational education under the age of 35 Each application for a loan will be evaluated individually.
Term for repayment of the loan	Up to 30 Years.
Monthly instalment of the loan	May not exceed 40% of your net income together with your other loan and leasing payments. On the date specified by you, loan repayment takes place automatically from your current account in SEB bank.
Preconditions for receipt of a loan	Stable, regular and sufficient income for the performance of loan liabilities Bank evaluates your declared income: salary, income from the economic activity, rent, etc. Positive borrowing history Prior to granting the loan, your previous financial liabilities will be evaluated. Positive borrowing history consists from prompt performance of liabilities. Collateral on the loan Bank evaluates the condition and market value of the property.
Early loan repayment	Early repayment of the home loan is possible without additional fee.

Required documents

For home purchase, repair or refurbishment:

Identity documents
Income documents (if not received at SEB account)
Real estate valuation prepared by a certified appraiser
Evidence of your participation - a deposit or purchase agreement and proof of payment or an extract from the account/li>
In the case of repair or refurbishment, the description of the work to be carried out or an estimate
Other documents at the request of a bank specialist, if any

For housing construction:

Identity documents
Income documents (if not received at SEB account)
Real estate valuation made by a certified appraiser
Your certificates of participation (invoices, checks, etc.), a deposit or purchase contract (in case of purchase of land or new building) and proof of payment or statement of account
Total construction cost estimate
Approved construction project
Valid construction permit
Other documents at the request of a bank specialist, if any

For your information

The amount of the monthly instalment

The sum of the monthly instalments depends on several factors:

The amount of the interest rate and fluctuations thereof - the lower the interest rate, the lower the monthly instalment;
Period of the loan — the longer the term, the lower the monthly instalment.

Schedules of loan repayment

Annuity payments: during the validity term of the loan agreement payments of the principal sum and interest are separated into as equal payments as possible. Amount of the monthly instalment will be constant in the respective period of the interest rate change.

Linear payments: payment of the principal sum remains constant during the validity term of the loan, but interest is calculated from the unpaid part of the loan.

The interest rate of the loan

Variable interest rate will be applied to your loan, consisting of:

1) Base rate - variable part of the interest rate. You will be able to choose either a short-term or a long-term interest rate.

Short-term interest rate is determined for 3, 6, 12 months. It is usually lower than the long-term interest rate, but it fluctuates depending on the market situation (every 3, 6 or 12 months respectively), thus it will be more difficult for you to plan your expenses, but in the case of a favourable market situation you might be the winner.
Long-term interest rate is determined for a period of 2 to 5 years; usually it is higher than the variable rate, but remains constant for a longer period of time. Thus, you can reduce your risk, because the interest rate cannot change frequently.

Information on inter-bank rates (money value in the market)!

2) Margin rate - fixed part of the loan interest rate, and main criteria for the determination of the amount of the interest rate are:

Stability of income and the capacity to prove it;
Previous cooperation with SEB bank, performance of liabilities;
Total amount of liabilities;
Amount of the first instalment;
Collateral on the loan — market value of the property.

Related costs

One-off costs:

Bank-related expenses:

Commission fee for the processing of the loan (documents) in accordance with the SEB bank price list.

Non-bank-related expenses:

Real estate evaluation;
Notarial services (drawing up requests for corroboration in order to change the ownership rights and registration of mortgage, etc.);
State fees and stamp duties for registration of the ownership rights and mortgage in the Land Register.

Repeated costs:

Real estate insurance;
Loan payment insurance (if the service is used).

Property insurance: banks minimum requirements

The most convenient way to purchase a home insurance which meets banks requirements is in the Insurance section of the internet bank.
If you wish, you may also submit a valid insurance policy issued by another insurer, in this case please make sure that the policy meets the following criteria:

The sum insured for the real estate and equipment is equal to the replacement value (insurance sum for apartments at least 1000.00 EUR/m2; for houses and other living premises - 1200.00 EUR/m2) or the actual value if the property is depreciated;
The real estate is insured, including the supporting structures with finishing;
Insured risks: Fire, natural disasters, technical communication, theft, and robbery, or coverage of all construction risks, if the construction or reconstruction works on the object are carried out by a construction company;
Under the loan agreement, AS “SEB banka”, reg. No. 40003151743 must be specified as the Beneficiary of the insurance indemnity for which the payment of insurance indemnity is due in the amount of outstanding loan liabilities at the occurrence of the insured event;
Deductibles are not bigger then 10% of insurance sum.

Refinancing

We offer a streamlined process for transferring your existing liabilities from another lender to SEB with no additional commission.

What is refinancing?

Mortgage refinancing allows you to transfer your existing mortgage loan from one lender to another. This simplified process involves concluding a new home loan agreement and collateral agreement with the new lender. Additionally, the new lender assumes the mortgage rights on the real estate that were held by the previous lender.

What are the advantages of refinancing with SEB?

By choosing to refinance your existing liabilities with SEB, you gain a reliable long-term partner and numerous advantages, including:

No commission fee for transferring your mortgage loan from the previous lender.
We handle the conversion of the existing pledge, so you don’t have to pay a state fee for registering a new pledge.
Reduced notary costs.
The new loan amount* completely covers your obligations to the previous lender. We take care of the formalities with the previous lender for you.
Opportunity to increase the loan amount if you wish to make additional home repairs or improvements.

*The new amount of the loan is the maximum balance of obligations with the previous lender (the balance of the unpaid principal amount, accrued interest and other payments resulting from the mortgage lending agreement), which it would be on the 60th day after the information was provided, assuming that the borrower did not make mortgage payments during this time provided for in the agreement.

When carrying out refinancing, the loan is issued in accordance with the procedures for mortgage refinancing established in regulatory acts, which are stipulated in the Consumer Rights Protection Law and the Cabinet of Ministers regulations of October 25, 2016, No. 691 “Regulations Regarding Consumer Credit”.

How to refinance with SEB?

Application and consultation

Submit an application. Following that, we will arrange a remote online or in-person consultation to outline the refinancing process and answer all your questions.
Submission of documents

Submit the documents necessary for refinancing.
Bank offer

We will review the application as quickly as possible and make you our offer. If you have any doubts or questions about the conditions, please discuss them with your client executive at SEB.
Contacting the previous lender

If you accept our refinancing offer, we will handle the communication and formalities with your previous lender.
Signing the new agreements

We will ask you to sign a new loan and collateral agreement with SEB. To mitigate the risks associated with home loan repayment, we recommend considering loan payment insurance.
Signing documents at a notary

You need to certify the documents related to the conversion of the pledge at a notary. You can also use remote video conference to communicate and confirm documents with the notary.
Submission of documents to the Land Registry

The conversion of the lien rights and related prohibitions must be registered in the Land Registry in favour of SEB.
Changes in the home insurance policy

Submit a request to the insurer to change the beneficiary in the policy to SEB.
We clear the previous obligations

We will make a payment to your previous lender, clearing your mortgage obligations in full.
Refinancing is done

The refinancing process is completed successfully!

Important to know

Information on interbank rates

Write-off of pre-crisis liabilities

Loan payment insurance

Financial support to the borrower and family members in the event of serious health problems, as well as in case of loss of life or forced unemployment
Security as the family is protected from the loss of property in unexpected life situations
Insurance can be purchased conveniently in the internet bank, and the premium is deducted automatically together with the loan payment

Learn more

Which loan type is the most suitable for you?

Select the goal you wish to achieve and compare the available financing solutions.

Home purchase or construction

Home renovation and furnishing

Improving home energy efficiency

Larger purchases and travelling

Buying a car

Studying

What is refinancing?

What are the advantages of refinancing with SEB?

By choosing to refinance your existing liabilities with SEB, you gain a reliable long-term partner and numerous advantages, including:

No commission fee for transferring your mortgage loan from the previous lender.
We handle the conversion of the existing pledge, so you don’t have to pay a state fee for registering a new pledge.
Reduced notary costs.
The new loan amount* completely covers your obligations to the previous lender. We take care of the formalities with the previous lender for you.
Opportunity to increase the loan amount if you wish to make additional home repairs or improvements.

How to refinance with SEB?

Application and consultation

Submit an application. Following that, we will arrange a remote online or in-person consultation to outline the refinancing process and answer all your questions.
Submission of documents

Submit the documents necessary for refinancing.
Bank offer

We will review the application as quickly as possible and make you our offer. If you have any doubts or questions about the conditions, please discuss them with your client executive at SEB.
Contacting the previous lender

If you accept our refinancing offer, we will handle the communication and formalities with your previous lender.
Signing the new agreements

We will ask you to sign a new loan and collateral agreement with SEB. To mitigate the risks associated with home loan repayment, we recommend considering loan payment insurance.
Signing documents at a notary

You need to certify the documents related to the conversion of the pledge at a notary. You can also use remote video conference to communicate and confirm documents with the notary.
Submission of documents to the Land Registry

The conversion of the lien rights and related prohibitions must be registered in the Land Registry in favour of SEB.
Changes in the home insurance policy

Submit a request to the insurer to change the beneficiary in the policy to SEB.
We clear the previous obligations

We will make a payment to your previous lender, clearing your mortgage obligations in full.
Refinancing is done

The refinancing process is completed successfully!

Get a home loan with someone you can trust

Individual

interest rate

30 years

maturity

15%

down payment

Choosing SEB provides you various benefits

Loan consultations for home purchase and construction

Remote application and signing of the agreement

Special offers in the new projects of our partners (LAT)

Special offer

Responsible home purchase through Green Home loan

Home loan calculator

New home in just 10 steps

What SEB offers

ALTUM support

Available ALTUM programmes

More information about the home loan

Price list

Useful information

Required documents

For your information

One-off costs:

Repeated costs:

Property insurance: banks minimum requirements

Refinancing

What is refinancing?

What are the advantages of refinancing with SEB?

How to refinance with SEB?

Important to know

Loan payment insurance

Which loan type is the most suitable for you?

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Get a home loan
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