Lower interest rate
If interest rates have dropped on the market, refinancing can mean lower monthly payments and less interest expenses over the loan period as a whole.
A home loan from LHV is the most flexible home loan in Estonia, which is suitable for an informed client acquiring a home
- Initial loan offer within 24 hours
- No penalty for early repayment
- Notary fees paid by us
- No contract fee
- Expert valuation of collateral apartment free of charge from LHV
- To fill in the application use the promo code REFF
Why is it worth refinancing your home loan?
Refinancing a home loan can be a wise financial decision because it can improve your state of your finances. Here are a few primary reasons for refinancing.
Reduced monthly payments
If you extend the loan period while refinancing, your monthly loan payments may decrease. That’ll free up more money for a monthly budget, such as for covering other costs.
Shortening the loan period
If your income has grown, you can choose a shorter loan period, which will let you repay the loan faster, with less total interest expenses overall.
Banking with a better bank (if you’re not with LHV already)
Refinance your loan with us and besides more flexible terms (early repayment is free at LHV) you will be a customer with a better bank, enjoying the best customer service in Estonia.
Is refinancing right for you?
The benefits of refinancing depend on a number of factors: interest rate changes, expenses related to refinancing (such as notary and contract fees) and your financial goals. It’s important to calculate whether the new conditions will translate into long-term gains.
If you’d like more personalized advice, be sure to contact us.
How refinancing your home loan works?
Submit an application
Submit a home loan application in regard to the loan balance you would like to refinance
Offer
We’ll make you an offer within 24 hours
Termination of the old agreement
If it is right for you, find out the conditions on which you can terminate your old home loan agreement
New agreement
We’ll sign you to a loan agreement
Notary transaction
We’ll conduct a notary transaction under which your old bank will cede the mortgage to LHV
Completed
The new loan will be serviced under new conditions at our bank
Calculate the monthly payment
This is an estimate and may differ from the actual terms and conditions offered.
This is an estimate and may differ from the actual terms and conditions offered.
The home loan is offered by AS LHV Pank. Always think through your loan decision carefully. Review the terms and conditions at https://www.lhv.ee/en/home-loan and ask for advice from our specialist. The annual percentage rate of charge for a home loan is 3.831% on the following sample conditions: loan amount of 140 000 €; interest rate of 3.750% per year (floating, the interest rate consists of 6-month Euribor rate and margin 1.6%); agreement fee of 300 €; period of 360 months; 360 as the number of repayments; and the total amount paid back being 233 535.26 €, with payment in the form of monthly annuity payments. An insurance contract needs to be concluded and a mortgage set for the collateral in order to receive the loan. The rate does not include the expenses related to establishing and insuring the collateral.