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Building renovation
For renovation or construction

Courtyards renovation
For renovating yards, fences, parking areas or outbuildings

Engineering
Engineering services, audits, energy efficiency projects and installation of solar panels

Application steps

  • Complete the application
    Fill in the application for apartment association loan and send it to kylaen@lhv.ee

  • Submit documents

    Send the following documents to kylaen@lhv.ee:
    1) annual report for the last financial year,
    2) balance sheet,
    3) income statement (not older than 2 months),
    4) price quotes for planned works.

  • Loan analysis
    If there are any questions or need for additional documents, our loan account manager will contact you.

  • Sign the agreement
    Once your application has been approved, we will digitally sign the loan agreement. We transfer the loan amount to the apartment association’s account according to approved volume of work as stated in documents.

Price list and terms

For whom

Apartment association registered and operating in Estonia

Purpose

Construction and renovation work on apartment buildings, energy efficiency projects, engineering expenses and expert opinions, renovation of courtyard, establishing parking spaces etc.

Loan amount

Starting from 20,000 euros

Self-financing

Starting from 0%

Loan period

Up to 25 years

Grace period

Up to 12 months

Collateral
  • Apartment association’s claims against members
  • If necessary, surety from Credit and Export Guarantee Fund (KredEx) as additional collateral
Requirements for borrower
  • Apartment association with at least 10 apartments
  • No record of payment problems

Read through the terms and conditions and ask our experts for advice – call 684 6154, 680 2217 or write to kylaen@lhv.ee.

Contact

Contact your client manager or ask for advice from our experts by calling 684 6154, 680 2217 or writing to kylaen@lhv.ee.

Marko Kiisa

Head of SME Financing

680 2650

680 2650

marko.kiisa@lhv.ee

Evelin Tümanok

Business Loan Manager

680 0465

680 0465

evelin.tymanok@lhv.ee

Jorma Piir

Business Loan Manager

684 2294

684 2294

jorma.piir@lhv.ee

Tanel Oru

Business Loan Manager

684 2295

684 2295

tanel.oru@lhv.ee

Veronika Mäemets

Business Loan Manager

684 6146

684 6146

veronika.maemets@lhv.ee

Kristi Liiv

Business Loan Manager

680 2629

680 2629

kristi.liiv@lhv.ee