Credit line 

A flexible loan against real estate collateral

Our credit line solution is the most suitable if you:

- Need financing for the first instalment to purchase your new home, using current home as collateral
- Have bigger plans and need extra financing for major expenses

What we offer

Financial solution for your bigger plans with special conditions*

  • Competitive interest rates from 3.0%

  • Credit line up to EUR 100 000

  • Pay interest rate on the amount actually drawn

  • Evaluation of your application within 3 days free of charge

    *Offer is available for Latvian residents

How to get a credit line?

Just 4 simple steps

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)

Submit documents 

- Submit documents online or set up a meeting with a loan officer:
Viktorija Voroncova
Ph. + 371 67031 488

- Come to BlueOrange with your passport or ID document

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

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

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 

Credit line conditions
Credit line against real estate collateral

New apartments and houses,  apartment in renovated and reconstructed houses;
Secondary and mass housing apartments (living area up to 120 sq.m), houses
Riga and Riga region 
Interest rate on the credit line actually used
From 3% + 6M EURIBOR
Interest rate on the amount reserved
Credit line amount
From EUR 10 000 up to EUR 100 000
Up to 50% of the market value of the property
Repayment term
3 years
Repayment of the credit line
At the end of the agreement term
Processing commission
0.8% of the credit line amount
Preconditions for the receipt of the credit line
Stable and regular income, positive borrowing history. Borrower should be Latvian resident.
Apply now

Rely on complete financing when purchasing a home

Combine our credit line and home loan product and get 100% financing for the entire purchase amount at attractive interest rates

Real estate valuation companies

SIA Ober Haus Real Estate Latvia

SIA Latio

SIA Interbaltija

SIA Arco Real Estate

SIA Eiroeksperts