Investment loan

Investment loan is meant for legal persons for obtaining, renovation and modernization of fixed assets.

Maximum term 10 years
Loan amount The bank shall finance up to 70% of the amount of investment
Conditions The loan is issued only in case of the presence of a business plan

 

APPLY FOR A LOAN
years
maximum term 10 years
base interest rate 5%

Show payment schedule

* Please note, that calculations are informative

Payment Schedule

Nr Date Loan Amount Interest Principal Payment Total Payments Outstanding Balance

Terms and conditions

1. Application for a loan or guarantee may be submitted by a legal entity registered both in Estonia or a foreign country

 

2. The following requirements shall be met in order to get a loan or a guarantee:

 

2.1. Holding an account with TBB pank at least for the last six months
2.2. Using services rendered by TBB pank within the last six months is an advantage
2.3. The amount of monthly revenue into applicants account within three last months shall be at least equal to the monthly repayment amount interest incl. for the loan applied.

 

3. The ground for loan or guarantee to be granted is availability of proper collateral owned by applicant or the third person. The value of the collateral estimated by the appraiser approved by the bank shall exceed the amount of the loan applied.
The bank approves the following as possible collateral:

 ✓ time deposit with TBB pank

 bail or warrant of the third person

 mortgage

 pledge of other kind of real estate

 pledge

 pledge of movables

 pledge of securities

 revenues into the account with TBB pank

4. Interest is calculated basing on the year of 360 days

 

For further information, please contact loan manager by sending e-mail at laenuhaldur@tbb.ee

Required documents

 Foundation documents of a legal person:
  • Articles of association
  • Authorisation and licenses, if required pursuant to low

 Copy of the identity document of the representative of the legal person

 If there is a supervisory board, resolution (consent) of a supervisory board on appying for loan and granting collateral.
 Financial reporting:
  • Audited annual report for the previous financial year with an auditor’s report, if auditing is mandatory pursuant to law
  • Quarterly balance sheets and income statements of the current year that are not older than 120 days

 Business plan, if required

 Justification of need for a loan (for a short-term loan)

In case of collateral security:

 An extract from the relevant register or Land Register regarding the collateral;

✓ Contract of sale, acceptance and delivery report, commercial lease contract, etc;

 The decision of property owner in writing to provide assets as security;

 The power of attorney to sign the guarantee contract, if the contract is not signed by the property owner or his legal representative;

 The valuation report of collateral issued by an appraiser accepted by the Bank;

 Insurance policy for benefit of the Bank, issued by the insurance company accepted by the Bank (to be issued after the conclusion of the guarantee contract).

In case of suretyship /guarantee:

✓ Copy of registry card from Commercial register of a surety/ guarantor;

 Copy of surety’s/ guarantor’s articles of association;

 If there is a supervisory board, resolution (consent) of a supervisory board to provide suretyship/ guarantee;

 Surety’s/ guarantor’s audited annual report for the previous financial year, if auditing is mandatory pursuant to law;

 Surety’s/ guarantor’s quarterly balance sheets and income statements of the current year;

 Copy of the identity document of the private person –surety/guarantor or copy of the identity document of the representative of the legal person- surety/guarantor;

✓ Application form for private person-surety;

✓ Application form for enterprices-surety/guarantor;

 Private person- surety’s six-month account statement certified by the bank if income is not received in TBB pank;

The Bank has the right to request additional documents needed in order to evaluate the client’s solvency. The Bank has also the right to request original documents of submitted copies. If the documents have not been prepared in accordance with the requirements of the Bank, they will be considered as not presented. The Bank is not obliged to justify a refusal to provide loan. The originals of documents submitted to the Bank are to be returned to the client. All other documents submitted along with an application will be kept by the Bank.

Real estate valuers

Name

Official name

Registry code

Site

1Partner Kinnisvara

Arco Real Estate AS

DTZ Kinnisvaraekspert

Domus Kinnisvara

ERI Kinnisvara

Kaanon Kinnisvara Teenused OÜ

LVM Kinnisvara

Ober-Haus Hindamisteenused

Pindi Kinnisvara

RE Kinnisvara

Simus Kinnisvara

Seven Kinnisvarakonsultandid OÜ

Tõnisson Kinnisvarakonsultant

Uus Maa Kinnisvarabüroo

Colliers International Advisors OÜ

Newsec Valuations EE

Ühinenud Kinnisvarakonsultandid

Aarete Kinnisvara

Lahe Kinnisvara

1PARTNER Kinnisvara Eesti OÜ

Arco Real Estate AS

Osaühing Kinnisvaraekspert

Osaühing DOMUS KINNISVARA

ERI KINNISVARA OÜ

Kaanon Kinnisvara Teenused OÜ

LVM Kinnisvara OÜ

OBER-HAUS HINDAMISTEENUSTE OÜ

Aktsiaselts Pindi Kinnisvara

RE Kinnisvara AS

OÜ Simus Kinnisvara

SEVEN KINNISVARAKONSULTANDID OÜ

Tõnisson Kinnisvarakonsultant OÜ

Osaühing KINNISVARABÜROO UUS MAA

Colliers International Advisors OÜ

Newsec Valuations EE OÜ

Ühinenud Kinnisvarakonsultandid OÜ

OÜ Aarete Kinnisvara

Lahe Kinnisvara Hindamine OÜ

11027723

11346894

10708639

10887990

10476241

10881504

10033331

10144929

10677258

10462629

10553527

10394023

10638376

10307231

11330404

11930446

11550241

11024541

14318125

www.1partner.ee

www.arcovara.ee

www.dtz.ee

www.domuskinnisvara.ee

www.eri.ee

www.kaanon.ee

www.lvm.ee

www.ober-haus.ee

www.pindi.ee

www.re.ee

www.simus.ee

www.7re.eu

www.tonisson.ee

www.uusmaa.ee

www.colliers.ee

www.newsecbaltics.com

www.upc.ee

www.aarete.ee

www.lahekinnisvara.ee

GUARANTOR`S CHECKLIST

Surety is a promise to fulfil financial obligations of another person or company (the borrower) on their behalf.

Provide surety only to a person or a company you know and trust.

Before providing surety

✓ carefully consider if you are able to perform the obligations of the borrower

 carefully consider your ability to meet payments, and provide surety only for the amount that you can actually repay (the maximum amount of the guarantor’s liability)

 carefully familiarise yourself with the surety and the loan contracts prepared by the bank

✓ do not hesitate to contact the bank if you have any questions. Seek legal advice where necessary

When signing the surety contract

 carefully listen to the bank employee’s explanations with regard to both the loan and the surety contracts

 do not be afraid to ask if something is unclear

 check that there are your correct contact details (address, phone number, email address) in the surety contract

When the surety contract is signed

 be proactive and monitor how the loan contract is being carried out. If the borrower does not answer your questions, make sure you address these questions with the bank.

 always inform the bank of any changes to your contact details (address, phone number, email address). This is the only way you can be sure that important information reaches you in time

 carefully read the bank notifications and make sure you read all registered letters addressed to you

If the borrower fails to fulfil his/her obligations, the bank then gives you an opportunity to perform the obligation. Do not forget that you have committed yourself to the contract and may have to perform the borrower’s obligation. By performing the borrower’s obligations, you can avoid additional costs and litigation. You have the right to demand from the borrower compensation of any amounts paid by you on behalf of the borrower.

DO NOT FORGET – THE SURETY IS YOUR OBLIGATION TO PERFORM THE CONTRACT ON BEHALF OF THE BORROWER!

PLEDGER`S CHECKLIST

A mortgage means when the loan is not paid back, the bank has the right to claim the sale of your the apartment or house (with the land).

Before you give your consent to set up a mortgage

 carefully consider if you are ready to take the risk of abandoning your own apartment or house if problems arise with regard to loan repayment

 decide whose obligations and what obligations in particular you are prepared to ensure

 you have the right to request draft contracts from both the notary and the bank – carefully study their content

✓ do not hesitate to contact the bank and the notary if you have any questions. Seek legal advice where necessary

When signing the notarized contract

 carefully listen to the notary’s explanations

 do not be afraid to ask if something is unclear

✓ make sure that the precise contract expresses exactly what you have agreed with the borrower and the bank

When the contracts are signed

 be proactive and monitor how the loan contract is being carried out. If the borrower does not answer your questions, make sure you address these questions with the bank

 always inform the bank of any changes to your contact details (address, phone number, email address). This is the only way you can be sure that important information reaches you in time

 carefully read the bank notifications and make sure you read all registered letters addressed to you

Where the borrower fails to fulfil his/her obligations, the bank then gives you an opportunity to perform the obligation. By performing the borrower’s obligations, you can prevent the sale of the pledged apartment or house, as well as avoid additional costs and litigation. You have the right to demand from the borrower compensation of any amounts paid by you on behalf of the borrower.