Home loan

Your choice to owning a home of your dream


Our home loan solutions will help if you:

- Plan to purchase a home
- Build yourself a new home or make renovations
- Already have a home loan from another bank, but are looking for better conditions


What we offer

Mortgage loan

Our home loans* provide a range of benefits

  • Competitive interest rates from just 1.9%

  • Loan of up to 85% of the property market value

  • Cooperation with Altum

  • Loan repayment term up to 25 years

  • Evaluation of your application within 3 days free of charge

  • Grace period up to 12 months

    * Offer is available for Latvian residents

How to get a loan?

Just 4 simple steps

Step 1

Prepare documents

 - Fill out a loan application

- Get a property appraisal (see the list of appraisers below)

- Print out a bank account statement for the the last 6 months

- Print a statement of income for the current and previous year from the State Revenue Service (for loans of over 37,000 euros)

Step 2

Submit documents

- Submit documents online or set up a meeting with a loan officer:
Irina Nikitina
Ph. + 371 67031 488
irina.nikitina@blueorangebank.com

- Come to BlueOrange with your passport or ID document

* As BlueOrange customer you may use internet bank to submit all documents

Step 3

Receive a response

- We will make a decision on your application within 3 business days after all documents are received

- We will inform you and agree on the procedure for signing the loan agreement

- If additional documents are required we will let you know

Step 4

Receive a loan

- Sign loan documentation at the bank

- Visit a notary to file for mortgage registration in the Land Register (we can arrange a representative of the bank to do this on your behalf)

- We will transfer the loan to your account within 1 day following registration 

Home loan conditions


Loan object
New apartments and houses built in the last 15 years, apartment in renovated and reconstructed houses (living area up to 120 sq.m)
Location
Riga and Riga region
Interest rate
From 1.9% + 6M EURIBOR
Loan amount
From EUR 20 000 up to EUR 200 000
Ratio
Up to 85% of the market value of the property
Repayment term
Up to 25 years
Monthly instalment
Loan payment may not exceed 30% of your net income
Grace period
First 12 months of the loan agreement  and once per year upon request
Processing commission
0.5% of the loan amount
Preconditions for the receipt of the loan
Stable and regular income, positive borrowing history. Borrower should be Latvian resident.
Apply now


Loan object
Secondary, mass housing apartments (living area up to 120 sq.m)
Location
Riga and Riga region 
Interest rate
From 1.9% + 6M EURIBOR
Loan amount
From EUR 20 000 EUR up to EUR 200 000
Ratio
Up to 70% of the market value of the property
Repayment term
Up to 15 years
Monthly instalment
Loan payment may not exceed 30% of your net income
Grace period
First 12 months of the loan agreement and once per year upon request
Processing commission
0.5% of the loan amount
Preconditions for the receipt of the loan
Stable and regular income, positive borrowing history. Borrower should be Latvian resident.
Apply now
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Special offer for the first instalment purchasing your home
If you need the first instalment for your new home, use our credit line against your current property and ensure a smooth and easy relocation

Real estate valuation companies

SIA Ober Haus Real Estate Latvia

SIA Latio

SIA Interbaltija

SIA Arco Real Estate

SIA Eiroeksperts