Home loan

Home loan calculator

Setting up your own home is easy with a home loan from Coop Pank. Whether you need money to build a house, buy an apartment or renovate your existing home, you’ll get what you need from us.

We accept MES co-loans as self-financing for home loans, and we also work with EIS (former KredEx).

If you’d like to consult one of our loan administrators before you fill in your application form, sign up for a consultation and we’ll find the answers to any questions you have.

Receive your initial offer in a matter of minutes

Make use of an MES co-loan

Energy class A or B interest rate 1,6%

Applying for a loan

Fill in the loan application form. We’ll then make you an initial offer on the loan amount and interest rate in just 60 seconds!

Our loan administrator will go over any details with you.

The loan administrator will then e-mail you a binding offer.

Submit an expert appraisal of the property you’re setting as collateral.

Sign the loan agreement and take out home insurance.

For your convenience, Coop Kindlustusmaakler can make you a home insurance offer.

We’ll then arrange a time with you for the purchase to be notarised.

Finally, we’ll transfer the loan amount to your account.

Commission your project, seek quotes for the construction cost and draw up your calculations. Consult one of our loan administrators.

Submit to the loan administrator an expert appraisal of the home being constructed which reflects both its current and market value.

Fill in the loan application form. We’ll then make you an initial offer on the loan amount and interest rate in just 60 seconds!

Our loan administrator will go over any details with you and then e-mail you a binding offer.

Sign the agreement.

We’ll then arrange a time with you for the mortgage to be notarised.

Finally, we’ll transfer the loan amount to your account in parts. You’ll need to submit home insurance for the home being built when construction is almost complete.

Fill in the loan application form. We’ll then make you an initial offer on the loan amount and interest rate in just 60 seconds!

Our loan administrator will go over any details with you and then e-mail you a binding offer.

Submit an expert appraisal of the property you’re setting as collateral. Also submit an application for the repayment of the loan to your current bank.

Sign the loan agreement and take out home insurance. (lisatekst, väiksem badding) For your convenience, Coop Kindlustusmaakler can make you a home insurance offer.

We’ll arrange a time with you for the transaction to be notarised. Your current bank will then assign the mortgage to Coop Pank.

Finally, we’ll transfer the loan to your account and from there to the other bank.

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MES co-loan

We accept an MES co-loan as self-financing of up to 50% of the total loan amount required.

Cooperation with EIS (former KredEx)

You can reduce the first down payment on your home loand with the EIS guarantee.

Renovation loan

This is a quick and flexible solution if you’re looking to renovate your home, update your furnishings or cover other home-related costs.

Interest rate from6,9%

Loan amount up to25 000€

Home insurance

Home insurance is the smartest way to insure your home and give yourself some peace of mind.

Quick and easyWe’ll make you an initial offer in one working day

Personal solutionsIn the case of an accident, we will be always there for you

Home loan – good to know

The loan amount starts from €7500
The repayment term is up to 30 years
The interest rate consists of an individual margin and 6-month EURIBOR rate
If desired, it is also possible to fix the home loan interest rate for a longer period of time. Ask from Your loan manager for more information on how to fix the interest rate
For a purchase of real estate, the own contribution needed is from 15% of the price of real estate being bought. We also work with EIS (former KredEx) whose guarantee can reduce the amount of the initial downpayment of a home loan. We accept the co-financing provided by the Rural Development Foundation as self-financing
In the absence of monetary own contribution, additional collateral (real estate, including undeveloped properties) is accepted
The immovable property being purchased or renovated usually remains the main collateral for the home loan and is encumbered with a mortgage in favour of the bank
An applicant must be an Estonian citizen or a foreign national holder of a residence permit
The borrower may not be older than 75 years of age upon expiry of the loan term
Borrower’s minimum net income €650/per month in Tallinn and Harju County, €600/per month in Tartu and Tartu County or €550/per month in other areas
No current defaults in the payment default register
Loan application
Passport or ID card (with the residence or work permit) or driving license issued in the Republic of Estonia
If needed, a calculation for the use of the loan being sought
If you wish to apply for a loan for construction work, we recommend examining advice related to house-building matters here.
Account statements (income and expenditure) for all existing accounts for the last 6 months as of the day before the application
Expert assessment of the collateral, prepared by a real estate firm accepted by Coop Pank. The expert assessment must be ordered by the borrower and must have been prepared within the last 6 months before its submission to Coop Pank
If necessary, the private loan manager may ask questions and request documents additionally
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%
The provisional annual percentage rate on a home loan is 4,83% on the following sample terms: credit amount €100 000, repayment over 30 years in 360 monthly annuity payments, agreement fee €100,00, interest not fixed 6 months’ EURIBOR + margin 1,600% per annum (as at 1 October 2024, the 6 months’ EURIBOR is 3,1055% per annum; the negative value of EURIBOR is equated to zero when interest is calculated; EURIBOR may change every 6 months), account management fee €0, total credit amount €187 017,82 and total of repayments €187 017,82.
The rate is calculated on the assumption that the credit amount is used in full immediately and that its principal and interest will be repaid in monthly annuity payments. The rate does not include any expenses related to providing or the collateral. Before you conclude an agreement, we advise you to review the terms and conditions of the financial service and, if necessary, consult a specialist.

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%

Before entering into an agreement
Precontractual information
Borrower’s reminder

Fill in the application form here and you’ll get our initial offer in a minute. The more precise the data you submit regarding your income, existing financial obligations and the property you’re offering as collateral, the more precise our initial offer will be. One of our loan specialists will get in touch with you if more information or additional documents are needed in order for them to make you a final offer.
To transfer a loan over from another bank, fill in the application form and mark ‘refinancing’ as the objective. (This is what transferring a loan is otherwise known as.) Don’t enter the loan you’re transferring as an obligation. Indicate the security on the loan you’re transferring as the collateral. One of our loan specialists will make you an offer, after which you should apply to your existing bank to repay the loan. The loan specialist will take care of the rest and take you step by step through the rest of the process.
As a rule, the home being built or purchased is accepted as collateral for the loan in question, but other residential property belonging to the borrower can also be used. We accept real estate belonging to adult children, parents and grandparents as well. Moreover, you can make use of a EIS (former KredEx) guarantee to reduce the amount of self-financing required for your loan. These additional options will be outlined to you by our loan specialist if it emerges in analysing your application that the property is insufficient as collateral for the loan.