Latvijas pasta banka

Mortgage loan

Latvijas pasta banka offers Mortgage Loans

    Mortgage loan is a loan for:

  • a house purchase;
  • land for construction purchase;
  • private houses construction;
  • house repair and reconstruction

secured by real property.

Along with flexible terms, you can always count on an individual approach during the applying process and throughout all the loan period.

With the help of a mortgage loan, you will be able to purchase your desired real estate or repair of your existing property.

Loan conditions:

  • currency: EUR USD;
  • amount: 10 000 - 2 500 000 EUR (or equivalent in other currency);
  • volume: till 80% of real estate market value or till 70% in other cases;
  • maturity:
      • till 10 years for house repairs;
      • till 25 years for house purchase;
      • till 35 years for land purchase for construction or capital repairs.
  • interest rate: depends on individual risk.

Collateral:

  • purchased or any other real estate. Bank has the right to request additional collateral.

To receive the loan you have to:

  • open a current account in LPB;
  • fill in the application form and other necessary documents.

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