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klienditugi@cooppank.ee
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Coop Pank AS, Maakri 30, 15014 Tallinn, Registry code: 10237832, SWIFT/BIC: EKRDEE22

You are on the website of the companies Coop Pank AS and Coop Liising AS that provide financial services and the insurance marketing company Coop Kindlustusmaakler AS. Before committing to an agreement read the terms and conditions of the respective service and, if necessary, consult an expert. By continuing to use the site, you are agreeing to the terms and conditions of website use.

    Home renovation loan

    Special offer
    Use campaign code NOVEMBER25 and enjoy an interest rate from 5.9%! Offer valid until 02.12.2025.

    Got the idea, but missing the funds?

    If yes, the Home renovation loan is here to help.

    Just a little bit short…

    Every home has its story – perhaps a room needs a refresh, a kitchen needs new appliances or a bathroom could do with a more modern look. Often it remains just a plan on paper because the budget sets the limits.

    Our Home renovation loan helps bring your good ideas to life.

    A new home needs furnishingCozy furniture and lighting, plus modern household appliances for your home.
    Time to refresh your homeGet started on renewing your bathroom or kitchen and give your home a new lease on life.
    Reduce your monthly costsInstall a more efficient heating system, solar panels or new windows and make your home more energy-efficient.

    A loan that fits with your plans

    • Interest rate from 6.9 % per annum
    • Loan amount up to €25,000
    • Loan term up to 10 years
    • Free early repayment

    Use the loan calculator to find a suitable monthly payment:

    Take a step closer to your dreams!

    Home renovation loan – good to know

    • 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.
    In the case of an insured event, fill in a loss report as soon as possible and write the following in the policy number field: COOP. You will be contacted and instructed on what to do next.
    Small loan insurance means an additional monthly expense. For example: loan amount €1,000, agreement period 24 months, number of repayments 24, fixed interest rate 19.9% per year calculated on the loan balance, monthly loan payment €52.35, monthly service fee for covering insurance expense €4.19.

    Practical tips

    Show all

      In case of an insured event, please contact If Insurance directly. As soon as possible, fill in the If Insurance claim form.

      If you encounter repayment difficulties, we recommend contacting the bank immediately. We can offer a grace period or extend the loan term to help you avoid arrears.

      An e-invoice is sent automatically every month to the bank where your loan was disbursed. If you wish to change your e-invoice account, you can easily do this in the small loan self-service environment.

      Yes, absolutely! A loan can be repaid either partially or in full before the end of the contract period without any additional fees. If you repay the loan early, you only pay interest for the actual period of use. Early repayment helps you save on interest costs, and Coop Pank does not charge a penalty for it.

      Yes, the interest rate is fixed for the entire repayment period and does not depend on Euribor fluctuations. This ensures that your monthly payment will not change.

      See all questions