Mortgage Loans

We offer you loans for housing purchase and provide financing for other purposes secured by housing mortgage. We ensure convenient process of handling the formalities regarding the loan and ownership right, provide favourable lending conditions, and other related services.

You can obtain financing secured by property mortgage and use the obtained funds for housing repair or improvement, refinancing of obligations, or other purposes.

Loan conditions:

  • loan currency — EUR;
  • maximum loan amount — up to 90% of the collateral value, depending on the property type (in case of ALTUM guarantee — up to 95%);
  • minimum loan amount — EUR 10 000;
  • loan term — up to 30 years;
  • interest rate — floating;
  • loan repayment plan — regular or declining.

General information on mortgage loans can be found here.

Benefits of the offer:

  • minimum downpayment;
  • possibility to use state guarantee (ALTUM);
  • low interest rates;
  • quick consideration of the loan application;
  • convenient execution of documents;
  • property appraisal is commissioned and paid for by the bank;
  • under handling the formalities related to the loan and ownership rights, we will register the mortgage or amendments to the same with the Land Register offices of the City of Riga Vidzeme District Court or Riga District Court;
  • we arrange property insurance with wide risk coverage;
  • no need to redirect the income flow to the accounts with ABLV Bank, AS and to use additional products;
  • if the borrower’s income is sufficient, no need for guarantor/co-borrower.

Required documents:

  • loan application;
  • guarantee application (if there is a guarantor);
  • identity document (passport or ID card (eID));
  • earnings record;
  • salary account report or reference from the SSIA requested by the bank regarding last 6 months;
  • reference from the State Revenue Service on the borrower’s income if the loan amount is above 100 minimum wages.
  • Loan for housing purchase with state guarantee (ALTUM)

    We offer loans for housing purchase with the state support provided to families raising at least one dependent child and having no state support received earlier.

    The total loan amount is up to 95% of the property value, and the loan repayment term is up to 30 years.

    Amount of the state guarantee:

    • 10% of the loan amount if the family has one minor child;
    • 15% of the loan amount if the family has two minor children;
    • 20% of the loan amount if the family has three or more minor children.

    Required documents: birth certificate of the minor child (children).

  • Property insurance

    Pursuant to provisions of the loan agreement between the customer and ABLV Bank, the real estate used as the loan collateral should be insured during the whole term of the loan agreement, in accordance with ABLV Bank requirements and with ABLV Bank stated as loss payee.

    To ensure more convenience for you, together with our cooperation partners — insurance companies, we have prepared unique and especially beneficial insurance terms only for the clients of ABLV Bank for insuring apartments with ABLV Apartment Insurance and insuring private houses with ABLV House Insurance. We offer to handle insurance of pledged real estate instead of you, thus making the process of completing a policy compliant with the bank’s requirements easier and automatically debiting the premium from your current account with ABLV Bank.

    We complete the pledged real estate insurance procedure in cooperation with the following partners of ABLV Bank:

      • AAS Gjensidige Baltic,
      • Seesam Insurance, AS Latvian branch,
      • Compensa TU S.A. Vienna Insurance Group Latvian branch,
      • ERGO Insurance SE Latvian branch.

    In case you wish to arrange insurance of the real estate pledged in favour of ABLV Bank on your own, then within the period stated in the loan and/or mortgage agreement, you have to submit the original of the new insurance policy to ABLV Bank, which should be previously agreed upon with ABLV Bank and should comply with our requirements, including the following:

    • private houses, buildings, and structures should be insured at their replacement value;
    • apartments should be insured either at their current market value or replacement value, whichever is higher;
    • elements of construction of apartments, private houses, buildings, and structures should be insured at their replacement value;
    • where expensive and exclusive finishing solutions are used in apartments or private houses, the finishing should be insured at the value of respective investments, the amount of which should be agreed upon with ABLV Bank;
    • commercial properties should be insured at their current market value;
    • insurance policy should be purchased for one year term;
    • the insurance premium should be paid in a lump sum.

    Original payment order evidencing payment of the whole insurance premium (bearing the signature of the officer of respective credit institution and a seal/stamp, if required by internal regulations of the respective credit institution) should be submitted as well. If insurance premium is paid from your current account with ABLV Bank, no payment order should be submitted.

    Unless a new policy that is previously agreed upon with ABLV Bank and complies with our requirements is submitted within the period stated above, ABLV Bank shall be entitled to enter into new insurance agreement, choosing the insurance company and conditions at its own discretion. You will be notified of this by SMS informing of insurance policy made and stating the amount of insurance premium, which will be automatically debited from your current account with ABLV Bank within 30 days after the moment of entering into the insurance agreement. To stay informed about the expiry date of the insurance policy, use our Internetbank.

    In case you wish to arrange insurance of the real estate pledged in favour of ABLV Bank on your own or want it to be insured by a company not included in ABLV Bank list, or where insurance amount of a single object exceeds EUR 2 100 000 (or equivalent amount in other currency), the insurance conditions (on all instances mentioned above) and/or the insurance company (if the same is not included in the said list) should be mandatorily agreed upon with ABLV Bank in writing before entering into the insurance agreement.

    ABLV Bank is entitled to decline an insurance agreement the provisions of which have not been previously agreed upon with ABLV Bank in accordance with the above procedure.

    If you have any questions, please contact your private bankers or call Client Line at +371 6700 3300.

    Insurance companies acknowledged by ABLV Bank:

    • AAS Gjensidige Baltic,
    • Seesam Insurance AS Latvian branch,
    • BTA Insurance Company SE;
    • Compensa TU S.A. Vienna Insurance Group Latvian branch;
    • ERGO Insurance SE Latvian branch.

    ABLV Bank decides on entering into insurance agreements with insurance companies not listed above and acceptance of policies issued by those on a case-by-case basis.

  • Loan Calculator

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    Payment scheme

  • Financing for purchase of parking place

    A family of two young specialists having steady income have been making savings during several years and wanted to obtain financing for purchasing an apartment in a new project.
    • Looking for more comfort, they also planned to buy a car parking place. However, it meant a hindrance for their plans, since more savings were required to make a downpayment.

      The solution was our offer to provide financing for purchase of parking place with the downpayment equal to that necessary for apartment.

    • The family was satisfied with such offer and took a loan from us to buy both the apartment and parking place, using their savings to make the minimum downpayment.

    Inese Zandava

    Head of Mortgage Loans Service Department

  • ALTUM to families with children for housing purchase

    Our client, a creative professional and mother of two daughters, has been long dreaming about buying a small private house to escape from city hustle and enjoy nature.
    • A significant condition was a kindergarten located nearby. Given our support, the client found a suitable house at reasonable price. The financing provided by us along the state guarantee ALTUM provided to families with children for

    • housing purchase was sufficient for the client to make the downpayment for house purchase and obtain funds for minor repairs. Now the client’s dream has come true, and she settled in new house with her daughters.

    Inese Zandava

    Head of Mortgage Loans Service Department