The bank usually applied the base interest rate of Coop Pank (KPB) to long-term loans (home loan, mortgage loan) from 1 May 2008 to 18 April 2012.
KPB is quoted and published by Coop Pank on its website every banking day, taking into account money market interest rates and the current state of the economic environment in Estonia and worldwide.
The base rate is more stable compared to individual market interest rates, since it takes into account more comprehensively how the economic environment and interest rates are shaped, follows the market situation at a calm pace and is not swayed by temporary fluctuations in the individual interest rates.
KPB is variable interest. For the client, Coop Pank’s base rate is fixed for three months at a time, changing if KPB has changed during the three months after it was fixed last under the agreement.
Currently, the base rate is 4.25%.
Base rate history
Starting date |
End date |
Base rate |
---|
22.06.2023 |
|
4,25% |
|
06.03.2023 |
21.06.2023 |
3,75% |
|
01.11.2022 |
05.03.2023 |
2,70% |
|
07.07.2016 |
31.10.2022 |
1,20% |
18.04.2016 |
06.07.2016 |
1,30% |
12.02.2016 |
17.04.2016 |
1,40% |