Mortgage loan
A loan secured by real property is a flexible and convenient way to finance the purchase of a house, summer house, land, car, as well as other large acquisitions or investments.
Maximum term 20 years
Loan amount up to 60% of the pledged assets cost
20 years
Show payment schedule
* Please note, that calculations are informative
Payment Schedule
Nr | Date | Loan Amount | Interest | Principal Payment | Total Payments | Outstanding Balance |
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Terms and conditions
A framework for giving a mortgage loan is an income-expenditure analysis of the customer. Where there is enough income, the offer will be analysed by a customer surety. Where there is sufficiency of surety, and its liquidity is accessible, the bank can give a mortgage loan to a customer
1. Application for a loan may be submitted by Estonian citizens or holders of a long-term residents’ residence permit or a permanent right of residence who are at least 18 years of age.
2. The following requirements shall be met by loan applicants:
2.1. Regular and controllable net income
2.2. In Tallinn and Harjumaa net income at least 800 €
2.3. Outside Tallinn and Harjumaa net income at least 600 €
3. The ground for a loan to be granted shall be submission of the proper collateral estimated by the independent appraiser approved by the bank
4. When calculating interest, it is based on the year of 360 days.
5. The purpose of the mortgage loan: a loan secured by real estate with the purpose of using the money freely chosen by the loan applicant.
6. The minimum amount of the mortgage loan is 5000 EUR. The maximum loan amount depends on the solvency of the loan applicant(s) and the market value of the collateral(s).
For further information, please contact loan manager, by sending an e-mail to laenuhaldur@tbb.ee
Necessary documents
✓ Loan application
✓ Copy of the identity document
✓ Six-month account statement certified by the bank, if income is not received in TBB pank
✓ Documents confirming other possible sources of income
✓ Expenditure budget (only for a home loan applied for carrying out repairs)
In the 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 (to secure performance of an obligation by an lessee)
✓ The notarized power of attorney to sign the guarantee contract, if the contract is signed by the authorized representative of the property owner
✓ 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 the 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 can also request additional documents needed to evaluate the client’s solvency.
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 |
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11346894 10708639 10887990 10476241 10881504 10033331 10144929 10677258 10462629 10553527 10394023 10638376 10307231 11330404 11930446 11550241 11024541 14318125 |
www.1partner.ee
www.dtz.ee |
GUARANTOR`S CHECKLIST
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. mBy 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.