Home repair loan
Home Repair Loan for your home
- If you take a Home Repair Loan in March, you will start to repay the loan in May.
- Interest from 9.9% on the loan balance
- You will receive a response to your application within a few minutes
- Loan amount up to 20,000 €
- Free premature repayment
You do not need to have an account with LHV to apply for a Home Repair Loan.
Calculate the monthly instalment
The results are estimated and may differ from the terms and conditions offered to you.
For a cosy home
The Home Repair Loan can be used for fixing up your home or summer house.
A Home Repair Loan can be used to purchase real estate, for example, an apartment, summer house or plot of land.
No collateral required
When taking a Home Repair Loan, there is no need to set your home as collateral or pay the state fee and notary fee. The entire loan can be conveniently repaid in the form of monthly instalments.
Fill in application
Fill in home repair loan application. There is no charge for submitting an application, and doing so does not obligate you to conclude an agreement. If a statement of account must also be submitted, we will inform you of this separately.
We will calculate your limit, within which you can take a Home Repair Loan in 90 days.
Money to account
Latest on the next working day after signing the agreement you will receive the loan sum in your account, less the agreement fee.
Up to 20,000 €
Annual interest from 9.9% on loan balance. LHV calculates the interest on the outstanding loan balance, not the whole loan sum. This means that interest payments decrease each month, as your loan balance decreases.
1% of loan sum, at least 29.90 €
|Time of repayment|
6 months to 6 years
|Amendment of agreement|
If you need to, you can take a grace period or change the date or amount of the monthly payment. The fee for amending the agreement is 10 €. To amend the agreement, please write to email@example.com.
Early repayment of the entire credit sum is free of charge.
Monthly payments are to be paid to the account EE707700771001062897; beneficiary: AS LHV Finance: reference number: your agreement number.
The Home Repair Loan is offered by AS LHV Finance. Take a look at the terms and conditions at lhv.ee/en/home-repair-loan and consult with a specialist. The monthly instalment is 121.32 € and the annual percentage rate of charge is 17.63% on the following sample terms and conditions: loan sum 5000 €, annual interest rate of 15.9% on the outstanding balance (fixed), agreement fee 50 €, repayment period of 60 months, with monthly annuity payments, in the total sum of 7331.41 € and the sum of repayments of 7331.41 €.
Loan insurance is offered by ERGO Insurance SE. Review the terms and conditions of insurance, along with the limitations and exemptions, and ask for advice from our specialist. The monthly instalment of a Consumer Loan with insurance is 131.03 € and the annual percentage rate of charge is 21.83% on the following sample terms and conditions: loan sum 5000 €, annual interest rate of 15.9% on the outstanding balance (fixed), monthly fee 9.71 €, agreement fee 50 €, repayment period of 60 months, with monthly annuity payments, in the total sum of 7909.78 € and the sum of repayments of 7909.78 €.
You can make your loan more secure by adding loan insurance to your agreement. LHV Finance together with ERGO Kindlustus will ensure that you will not find yourself in trouble with instalments in the case of unforeseen circumstances. Read the terms and conditions of loan insurance.
Unemployment, i.e. the termination of an employment contract or civil service contract by one’s employer for a reason beyond the insured person’s control;
- temporary incapacity for work, i.e. a certificate of incapacity for work valid for over 30 days;
- permanent incapacity for work, i.e. a certificate of incapacity for work valid for over 30 days;
- death, i.e. any loan liability does not have to be met by the heirs.
The insurance cover commences from the day of the first Home Repair Loan instalment. You can also take out this additional insurance during the term of your Home Repair Loan agreement, in which case the insurance cover will commence from the date of the next instalment. Unemployment cover begins one month after the insurance has started.
In case of an insured event, notify the client support of LHV Finance as soon as possible. Client support will notify the loss adjuster, who will contact you with further instructions.
The insurance premium is 8% of your monthly Home Repair Loan instalment. For example, if you take a Home Repair Loan in the amount of 3000 € for two years, only 5 € will be added to your monthly instalment.
LHV Finance contacts
Call 680 2700 or write to firstname.lastname@example.org daily from 9 to 21.
Documents and additional information
Frequently asked questions
- What can I use a home repair loan for?
- I applied for a home repair loan, but now I have to sign a small loan contract, why is that?
- In what case do I have to submit my account statement and how?
- How can I conclude an LHV home repair loan contract?
- I would like my monthly home repair loan instalment to be debited from my bank account automatically. How should I proceed?