Home renovation loan

Home renovation loan calculator

Stop postponing those long-awaited renovations! If you’re looking for a quick and flexible solution for renovating your home, updating your furniture or covering other home-related costs, look no further than our renovation loan. You can also use the loan to boost your home’s energy efficiency, whether by installing solar panels, insulating your roof or opting for a more economical heating system.

The home renovation loan calculator helps you find the suitable loan amount and monthly payment. Repayments are fixed for the entire loan period and you don’t have to worry about the changing Euribor. You can also take our useful loan insurance for the home renovation loan, which will give you more reassurance when borrowing and help you if anything unexpected happens.

You can find your existing home renovation loan in the self-service.

Interest from 6.9%

Free early repayment

Quick response to loan application

Useful loan insurance

Have you already taken us up on our offer?

Don’t take the first home renovation loan you come across! Ask us for a comparative home renovation loan offer, because that’s the only way you’ll get the loan you need on considerably better terms.

Loan in three easy steps

1

Fill in the application form and submit the necessary documents

You can submit a loan application quickly and easily online or at the branches of Coop Pank nationwide.

2

Sign the contract digitally

If the offer is suitable, sign the contract using your ID card, Smart ID or Mobile ID.

3

We’ll transfer the money to your account

Depending on your bank, the money will appear in your account on the same working day or the working day after we’ve transferred it.

Become a Coop Pank client!

As an Estonian bank, we want to bring banking services to where our clients are. When you join Coop Bank, you’ll be able find your home renovation loan easily in the online bank and mobile app. We also offer:

Free payments in Estonia and Europe
Free cash withdrawals anywhere in Europe
Debit and credit card purchase insurance

Home renovation loan – Good to know

Terms & Conditions
Loan insurance
FAQ

No collateral required
Fixed annual interest rate from 6.9% on loan balance
Loan amount €300–25,000
Loan period 6 months – 10 year
Agreement fee 2% of loan amount, min €35
Agreement administration fee €1.5 per month
Before you conclude an agreement, we advise you to review the terms and conditions of the financial service and, if necessary, consult a specialist.

The annual percentage rate of charge on a home renovation loan is 16,25% on the following sample terms: loan amount €5000, loan term in months 72, number of repayments 72, fixed interest rate per annum 13.9% as calculated on the loan balance, agreement fee €100, monthly administration fee €1.50, monthly instalment €104,01, total credit amount €7488,21 and total of repayments €7588,21. Home renovation loans are provided by Coop Pank AS.
The applicant must be at least 18 years old and 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
Monthly income from €400
Excellent credit record
The maximum loan amount depends on your monthly income and obligations.

Please provide your bank statement when filling out the application. The most convenient way to submit your account statement is in our self-service environment.
You can submit a loan application online, at the branches of the bank and at Coop stores nationwide.
You can sign the agreement digitally with your ID card, Smart-ID or Mobile-ID. To pay out the loan identification may be needed. This can be conveniently done via a computer or mobile phone, in branch of Coop Pank or a Coop store. For identification, you need an identity document (ID card, passport or driving license).
The money will be received in your account after we make the transfer irrespective of the bank.
Loan payments
Please transfer your repayments to Coop Pank AS account no. EE384204278603522603. When making a payment, don’t forget to add the reference number, which you’ll find on your agreement or e-invoice.
E-invoices are issued on a monthly basis and can be found in your home bank’s Internet bank. The invoices are automatically sent to the bank to which your loan was transferred. To make paying as convenient as possible, we recommend setting up an e-invoice standing order agreement.
Loan contracts and their amendment
To view and, if necessary, amend your loan contract, log in to the self-service site.
There you can:
View your existing contracts and repayment schedules
Repay a loan in full or in part
Change your repayment date
View e-invoices and the payments made on a contract
Amend your contact details
Amend your consent
The fee for the amendment of a contract is calculated according to the price list.
Grace period
If you need to, you can apply for a grace period. The length and the terms and conditions of the grace period are determined based on your needs and the options open to you. Application form for grace period
Completed and signed applications should be e-mailed to finants@cooppank.ee.
Early termination of loan insurance
Loan insurance can be terminated before the end date of a contract. Application form for termination of loan insurance
Completed and signed applications should be e-mailed to finants@cooppank.ee.
Late payments
If an instalment isn’t paid by the due date, we’ll text you a payment reminder. The costs and default interest related to overdue payments are calculated according to the price list. If you experience ongoing problems in making your repayments, contact us so that we can find a solution.

When entering into a small loan agreement, the borrower can sign an agreement for payment of insurance costs and benefit from the insurance cover provided by If Kindlustus.

Small loan insurance helps if:
you lose the capacity for work as a result of an accident or illness;
you lose your job;
you have been temporarily away from work due to your own or your child’s illness.
In the event of the borrower’s death, insurance will pay the loan balance to the lender so that the obligation will not transfer to the heirs. Read the information sheet and insurance terms and conditions.

Applications are open to anyone aged 18 or older who is an Estonian citizen, a foreign citizen who has the right to reside in Estonia or a foreign citizen residing in Estonia on the basis of a valid residence permit. The applicant’s monthly income must be at least €400 and they must not be older than 75 at the end of the repayment period. The applicant must also have a reliable credit history.