Skip to main content

Mortage loan

If is as if you have a home but cannot really call it home, since not everything is to your liking. It would need to be repaired or fitted out. A loan against real estate collateral may be the solution. Submit a loan application, and soon enough you will be living in a home you can be fully proud of!

In the case of a loan against real estate collateral, you yourself can decide how to use the loan funds. Be it getting started in or growing business, renovating a home, buying real estate, going a long trip, purchasing new kitchen furniture or household appliances or turning into reality any other wishes or dreams that require major outlays.

Request detailed information about the options for loans from the private loan manager for your area.

Loan calculator


... ...

0 years

... ...

Flexible solutions
to bring your
ideas to life!


The calculation is approximate and may differ from the terms and conditions offered to you.

  1. Complete a loan application online or at our branch.

  2. Documents. You can upload an account statement digitally certified (bdoc) by the bank for the past 6 months and the valuation report or sales advertisement for the property to be purchased with your application.

  3. Loan decision. We will notify you about our initial loan offer within 3 business days from the submission of your documents.

  4. Loan agreement. Sign a loan agreement at the branch with your loan manager.

  5. Lodgement of a mortgage. We will work out a suitable time for an appoint with the notary for the lodgement of a mortgage.

  6. Loan disbursement. The loan will be transferred into your bank account within 3 days from your appointment with the notary.Laenu väljamakse.

Further information

Open all
  • the minimum loan amount is 5000 euros
  • the maximum loan amount is 100 000 euros
  • the repayment term is up to 20 years
  • the loan collateral is a mortgage over an immovable property
  • the interest rate is from 6 months’ EURIBOR + 4.5% per annum
  • citizen of the Republic of Estonia, or a citizen of some other country entitled to reside in the EU or holding a permanent residence and work permit in Estonia, who is at least 21 years of age
  • the borrower may not be older than 75 years of age upon expiry of the loan term
  • borrower’s minimum net income of 550 euros per month in Tallinn and Harju County, 500 euros per month in Tartu and Tartu County or 450 euros per month in other areas
  • no current defaults in the payment default register

Documents required for applying for a loan

  • loan application
  • passport or ID card (with the residence or work permit)
  • if needed, a calculation for the use of the loan being sought
  • account statements for the past 6 months for all the existing accounts, other documents proving earnings (tenancy agreements and the like)
  • expert assessment of the collateral, prepared by a real estate firm accepted by Coop Pank

If necessary, the private loan manager may ask questions and request documents additionally.

Review the precontractual information about the loan agreement.

By taking mortage loan, it should be taken into consideration that the assets, serving as a guarantee for the loan, should be insured throughout the whole period of borrowing. So your peace of mind is also secured – if something happens, the losses will be compensated and it will be easier to overcome the consequences.

We work with the Estonian leading insurance company If Insurance, in cooperation with whom we provide you insurance.

Please call +372 635 3009 or fill in the form for concluding home insurance, and you will be contacted.

The benefits of If home insurance:

  • every other home will be fixed within seven days
  • If’s home emergency insurance helps you with home emergencies round the clock, e.g. leakage from pipes or lock damage
  • in case you lose home keys or the lock fails, the new locks will be compensated without deductible and installation costs will be covered as well
  • your portable items (e.g. computer, camera and bicycle) will have coverage across the European Union
  • in case your bank card is stolen or lost, the financial damage up to 1000 euros, caused by illegal use, will be covered

The provider of insurance service is If P&C Insurance AS. Please see the terms and conditions on and consult an expert by insurance phone +372 635 3009.

In addition to monthly loan repayments, allowance has to be made for additional expenses that result from taking out a loan

  • fee for the conclusion of the loan agreement
  • notarial and state fees for the conclusion of a notarised collateral agreement
  • fee for an expert assessment of the collateral
  • insurance of the collateral

The property serving as collateral has to be insured for the term of the loan against fire, water-related emergency, vandalism or natural disaster. For insuring assets, we accept all non-life insurance companies registered in Estonia and licenced by the Financial Supervision Authority and listed on the website of the Financial Supervision Authority.

Furthermore, in insurance matters an independent adviser / insurance broker may be contacted to assist with the identification of the insurance best suited for the interests of the policyholder.

Generally, on a home loan interest and principal payments have to be made monthly. The bank withholds these from the client’s account on the dates agreed in the agreement and on the repayment schedule.

Two repayment schedules are available to choose from for the repayment of the loan

  • annuity schedule, which has the advantage of monthly payments in the same amount but the disadvantage of higher interest costs
  • schedule with equal principal repayments, which provides the advantage of lower interest charges compared to an annuity schedule yet has the disadvantage of higher monthly payments at the beginning of the loan term

The financial situation may change during the repayment of the loan. For example, in the event of a child born into the family or of loss of employment, earnings decrease. In this case, there is the option of seeking a grace period in the repayment of the loan and pay the bank interest only during that period.

Furthermore, there may arise the option of repaying the loan early in part or in full. If the bank is notified about this wish 3 months in advance, no additional fee is charged for the repayment of the loan.

The provisional annual percentage rate on a credit card secured by real estate collateral is 9.34% on the following sample terms:
credit amount € 10 000, repayment over 5 years in 60 monthly annuity payments, agreement fee € 200, interest not fixed 6 months’ Euribor + margin 8.00% per annum (as at 30 January 2017, the 6 months’ Euribor is -0.24% per annum; the negative value of Euribor is equated to zero when interest is calculated; Euribor may change every 6 months), total credit amount € 12 396 and total of repayments € 12 196.

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. When credit is received, an insurance agreement needs to be concluded for the collateral. 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.

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.

The base rate (KPB) is applied by Coop Pank mostly as the base rate for loans with long repayment terms (home loan, loan against real estate collateral). 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 1.20%.

Base rate history

Starting date End date Base rate
07.07.2016   1,20%
18.04.2016 06.07.2016 1,30%
12.02.2016 17.04.2016 1,40%