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Investment loan

For purchasing fixed assets and implementing projects with longer payback periods

  • purchase of machinery, equipment, fittings
  • construction, purchase, renovation of production, warehouse and office premises
  • implementation of a new production process
     

Further information

Open all
  • term of up to 7 years
  • financing by the bank for up to 80% of the cost of the project
  • loan amount is disbursed all at once or instalments into the settlement account of the company at Coop Pank
  • collateral
    • mortgage over a registered immovable property (built-up registered immovable property, residential property, right of superficies)
    • guarantee by KredEx or MES, commercial pledge over the fixed assets or other movable property, a deposit, guarantee by a private individual or legal person

Required documents

  • overdraft facility application
  • financial statements
    • annual accounts for the past 2 financial years (audited accounts if subject to an audit obligation and no accounts have been submitted to the Commercial Register)
    • quarterly financial statements for the current financial year, not older than 2 months
  • expert assessment of the collateral, prepared by a real estate firm accepted by Coop Pank

Requirements forthe applicant

  • company registered in the Republic of Estonia of a self-employed individual registered in the Commercial Register
  • the equity capital of the company has to meet the requirements set by law

To apply for a loan

Review Coop Pank's price list.

For you, a mortgage means that if the loan is not repaid, the bank will be entitled to sell the apartment or house, including the land, owned by you.

If the borrower is not performing their obligations, the bank will contact you and provide you with an opportunity to fulfil the obligation.

By fulfilling the borrower’s obligation, you can prevent the sale of the pledged apartment or house as well as avoid incurring any additional costs or litigation. You are entitled to require the borrower to indemnify any amounts paid by you.

Before you consent to the creation of a mortgage

  • Consider carefully whether you are prepared to risk and give up an apartment or house owned by you if there are any problems with the repayment of the loan.
  • Decide whose and what obligations you are prepared to guarantee.
  • You are entitled to request, from both the notary and the bank, drafts of the agreements to be concluded. When you receive them, review the content of the agreements carefully.
  • Do not hesitate to contact the bank or the notary’s office to find answers to any questions that have come up. Use legal assistance, if needed.

When you are about to sign a notarised agreement

  • Listen to the notary’s explanations very carefully.
  • Do not be hesitate to ask if anything remains unclear.
  • Check to make sure that the agreement states specifically what you have agreed upon with both the borrower and the bank.

Once agreements have been signed

  • Be proactive and take an interest in how the performance of the loan agreement is proceeding. If the borrower does not reply to your questions, make sure to contact the bank.
  • Always communicate any changes in your contact details (address, telephone number or e-mail address). Only in this way you can be certain that the necessary information will reach you.
  • Carefully review any notices sent by the bank and make sure to collect any registered letters.

A guarantee is a promise to fulfil a financial obligation of another person or company (borrower) instead of them. Provide a guarantee only for a person or company whom you know and trust.

Do not forget! A guarantee is your obligation to ensure the performance of the agreement being guaranteed.

Since you are assuming a financial obligation with a guarantee, it always makes sense to ask a specialist for advice.

Before you provide a guarantee

  • Consider carefully whether you would be able to meet your obligations
  • Assess your solvency carefully and provide a guarantee only in the amount you are able to pay (maximum rate of guarantor liability).
  • Review carefully the drafts of the guarantee agreement and the loan agreement.
  • Do not hesitate to contact a bank staff member to find answers to any questions that have come up.

When you are about to sign a guarantee agreement

  • Listen very carefully to the explanations of the bank staff member about both the loan agreement and the guarantee agreement.
  • Do not be hesitate to ask if anything remains unclear.
  • Check to make sure that your contact details (address, telephone number, e-mail address) in the guarantee agreement are correct.

Once a guarantee agreement has been signed

  • Be proactive and take an interest in how the performance of the loan agreement is proceeding. If the borrower does not reply to your questions, make sure to contact the bank.
  • Always communicate any changes in your contact details (address, telephone number or e-mail address). Only in this way you can be certain that the necessary information will reach you.
  • Carefully review any notices sent by the bank and make sure to collect any registered letters.

The borrower is unable to meet their obligations

  • The bank will contact you and provide you with an opportunity to fulfil the obligation.
  • Do not forget that you have assumed an obligation and have to fulfil the obligation instead of the borrower.
  • By paying the debt, you can avoid incurring further costs and litigation in court.
  • You are entitled to require the borrower to indemnify any amounts paid by you.

Guarantor data form