Mortgage loan

Loan calculator

Mortgage loan

In the case of a mortgage loan, you can decide how you’ll use the money you borrow by establishing a mortgage on the property. It can be for starting your own business, renovating your home, buying a property or doing something else you’ve always wanted to that will cost you quite a bit.

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.

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 and then e-mail you a binding offer.

Submit an expert appraisal on the property.

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

Mortgage loan – good to know

The loan amount starts from 5000€
The repayment term is up to 20 years, when buying a real estate up to 30 years
The interest rate is from 6 month’s EURIBOR + interest margin 3,5% per annum, when buying a real estate 2,5% per annum
If you’d like to, you can fix the interest rate on a loan secured with property for a longer period as well. Ask from Your loan manager for more information on how to fix the interest rate
The loan collateral is a mortgage over an immovable property
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 €700/per month
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
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 mortgage loan is 6,140% on the following sample terms: credit amount € 40 000, repayment over 20 years in 240 monthly annuity payments, agreement fee € 200,00, interest not fixed 6 months’ EURIBOR + margin 3,500% per annum (as at 31 March 2025, the 6 months’ EURIBOR is 2,354% 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 € 68 371,25 and total of repayments € 68 571,25.
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.

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.