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Buy your dream home with professional advice from SEB

Special offer for contract fee: From 04.03.2024 to 30.06.2024, there is a 0-euro contract fee for all new home loan application customers.

Special offer: The interest rate for the purchase of objects with A and B-energy efficiency class that submitted a new home loan application is from 1.45% + euribor.
The above offer is not binding on the bank and getting a loan depends on your ability to pay. 



interest rate

Up to

30 years




down payment

Choosing SEB provides you various benefits

Loan consultations for home purchase and construction

Remote application and signing of the agreement

Estonian Business and Innovation Agency (EIS) state support

Responsible home purchase through Green Home loan

Every home has a certain environmental impact. Greenhouse gas emissions depend on the amount of heat and electricity used at home. In order to reduce the environmental impact, we would like to facilitate building and buying energy-efficient homes.

  • Lower utility bills 
  • Environmentally friendly 
  • A healthier living environment
  • Long-term advantage arising from the value of the property

Home loan calculator

Notary fee and state fee calculator

Base rates

Published on 11.06.2024

1-month EURIBOR® 3,6130
3-month EURIBOR® 3,7390
6-month EURIBOR® 3,7510
12-month EURIBOR® 3,7280
EONIA® 0,0000
€STR 3,9120
Bank's base interest 3,9270
Base rates historical data

Euribor (benchmark) and Eonia (benchmark) are published by the European Money Markets Institute (EMMI).
The base interest rate of the bank is set and published by AS SEB Pank.
The set base interest rate may decrease or increase over time. These changes affect the contractual interest rate. For example, if the new base interest rate has increased compared to the previous base interest rate which was in force on the day the agreement was concluded, the interest payments will also increase.

Bank base interest (BBI)

The BBI is based on the level of interest rates in financial markets. As interest rates in the euro area have been rising rapidly (mainly due to high inflation and the decisions of the ECB to raise the base interest rate), the BBI has also risen. The bank reviews the BBI on a monthly basis and, if necessary, adjusts it if changes in interest rates in financial markets give reason to do so. Customers whose loans are contractually linked to the BBI will receive a contractual notification stating the new BBI level and the date from which the rate will apply. You can check whether your loan is linked to the BBI either via the Internet Bank or your loan agreement. The BBI is only used for existing credit agreements. The bank will not enter into any new agreements with the BBI.

New home in just 10 steps



  1. Consultation

    We offer you a free comprehensive advisory service at a branch or via video. At the financial consultation we will go over your finances and assess your financial capability. If you wish to take out a loan, we will introduce you the terms and conditions of the bank.
    Sign up for consultation
  2. Submitting a loan application

    Submit a loan application: write down your loan request and your (and the person’s you are applying for a loan with) personal information and financial obligations. Remember that the bank analyses the loan project based on the information provided in the application.

    Save time by giving us your consent to ask the Tax and Custom Board for your income details when submitting the application. The consent will be confirmed in portal.
  3. Ordering an expert assessment of property

    Order an expert assessment for the real estate object you wish to purchase, as well as for the one established as collateral. This assessment will ascertain the market value of the object, as well as other important information about the property.

See more

What SEB offers

  • Individual application’s evaluation and interest rate
  • Self-financing from 15% or an additional collateral (when using the surety of the Estonian Business and Innovation Agency, you can reduce the down payment)
  • Loan repayment term up to 30 years
  • Possibility to defer principal payments
  • You can make a full or partial loan early repayment in the internet bank, as well as conveniently change monthly payment date and account

EIS housing loan guarantee

The home loan surety of the Estonian Business and Innovation Agency is intended for people who want to take out a loan to buy a new home or renovate an existing one, and reduce the amount of their down payment.

Guarantee for:

  • Young specialists
  • Young families
  • Looking to buy an energy-efficient home or to renovate a home to increase energy performance
  • Families with many children

More about home loan

Private person

1. Home loan, mortgage loan
- agreement conclusion 0.4% of the loan amount, min. EUR 190
- agreement amendment (1) up to 0.4% of the remaining loan, min. EUR 190
- changing the payment date free of charge
- change of the current account(s) related to the loan free of charge
- grace period for the principal amount of the loan free of charge
2. Consumer loan
- agreement conclusion for car purchase 1.5% of the loan, min. EUR 75
- agreement conclusion for real estate purchase 1% of the loan, min. EUR 75
- agreement conclusion for solar panel purchase 1% of the loan, min. EUR 75
- agreement conclusion for improving home energy efficiency 1% of the loan, min. EUR 50
- agreement conclusion for other purposes 1.5% of the loan, min. EUR 35
- agreement amendment (1) free of charge
- changing the payment date free of charge
- change of the current account(s) related to the loan free of charge
- grace period for the principal amount of the loan free of charge
3. Overdraft
- agreement amendment (1) EUR 15
- changing the payment date free of charge
4. Student loan
- agreement amendment (1) free of charge
- amending the student loan repayment schedule free of charge
5. Endowment loan
- agreement amendment (1) up to 1% of the remaining loan, min. EUR 250
- changing the payment date free of charge
- change of the current account(s) related to the loan EUR 20
6. Limit loan
- agreement amendment (1) up to 1% of the loan limit, min. EUR 35
- changing the payment date free of charge
7. Other loan-related services
- re-registration of a pledge established on a building into a mortgage free of charge
- reminder of debt free of charge
- debt claim letter EUR 5
- certificate on paid interests (2) EUR 4

(1) All amendments to the loan, which have not been indicated under separate clauses in the price list (incl. amendment of collateral in a notarised or other form).
(2) Commission fee applies to certificates issued at a bank office. A certificate issued automatically in the Internet Bank is free for the client (for enclosing electronically to income tax return).

Loan amount

Starting from EUR 15,000.

The maximum amount of loan payments depends on your income, assumed financial obligations and the number of family members.

Currency The currency of home loan is euro.
Interest rate

Interest rate of a home loan is tied to Euribor. Euribor is a European Interbank Offered Rate. You may choose a 3, 6 or 12-month Euribor rate. A client-based interest marginal is added to the Euribor rate.

Upon request, you may fix your home loan interest also for a longer period. A home loan with fixed interest rate provides assurance that the loan payments do not change over the period. You can obtain further information about fixing the interest from your private advisor.

Loan term You can take a home loan for the maximum term of 30 years.
Collateral A suitable collateral to a home loan is the housing (apartment or private residence) to be purchased or renovated in Estonia. To obtain a valuation of collateral, use the services of our accepted real estate offices. Collateral valuation usually has a fee depending on the valuator’s price list. The collateral has to be insured throughout the loan period.

Ask for a favourable and convenient insurance offer from a private advisor.

As a rule, the amount of self-financed part is at least 15%.

If you use the surety of the Estonian Business and Innovation Agency, you can reduce the down payment on your home loan. Further information on the conditions of the guarantee is available on the homepage of EIS.

In the absence of self-financing, we also accept additional collateral.

If the housing used as a guarantee for the loan is not your home, the loan amount may be up to 60% of the property’s market value.

Loan repayment

You can repay a home loan based on a repayment schedule either as annuity or as equal principal payments.

For annuity schedule, the loan payment is the same each month. When starting the loan repayment, a major part of the payment is interest. With each subsequent payment, the repayment of principal part will increase. With annuity schedule, the loan burden is distributed more evenly and in general, the modest monthly payments enable a larger loan amount.

For equal principal payments, we distribute the principal part of loan evenly on all payments, to which interest calculated on loan balance is added (the larger the loan balance, the higher the interest). This means that the amount of the monthly loan payment is larger at the beginning and decreasing towards the end of final loan term.

If you can allow yourself larger payments at the beginning of the loan term, it would be more practical to choose the schedule with equal principal payments, as in this way you will pay less interest in the end.

In the Internet bank, it is possible to independently change the payment date and current bank account of the loan agreement or repay the loan ahead of time, assuming the existence of repayable funds in the borrower's current account. In order to change other terms and conditions of the loan agreement, the borrower must submit an application for amendment of the loan agreement in the Internet bank.

Grace period Upon repayment of the principal part of loan, you can apply for a grace period for up to 6 months. You only pay interest during the grace period. In this period, the loan balance decreases more slowly (compared to a non-grace period) and thus the total interest expense paid on the loan increases.

Borrower’s reminder to the applicant of a private loan secured by real estate

Taking out a loan is an important decision; one that involves risks. We would like to help you in making an informed decision.

Before applying for a loan, we recommend that you do thorough preparatory work:

  • consider what you need the loan for and how much you need, as well as how you intend to make the loan payments;
  • provide us with truthful and sufficient information;
  • make sure you clearly understand what costs are involved in taking out a loan;
  • consider the possibility that your financial situation may deteriorate, and that you must still be able to repay the loan even if this happens;
  • read all loan documents (agreement, information sheet, etc.) carefully before signing.

If you have any questions about the terms and conditions of the loan before concluding the agreement or during its term, please contact us using the general contacts of SEB Bank.

When examining the loan conditions and agreement, please also pay attention to the following:

1. Standard European Consumer Credit Information

Before concluding a loan agreement, we will provide you with a personal European Standardised Information Sheet, which is a summary of the most important terms and conditions of the agreement. Please read the Information Sheet carefully.

2. Liability of every borrower

Every borrower is fully liable for the repayment of the loan and the performance of other obligations assumed under the agreement.

3. Loan currency

We issue the loan in euros, and it is not possible to change the currency.

4. Loan disbursement term and conditions

The loan will be paid out to your SEB account after all the preconditions for loan disbursement specified in the loan agreement have been fulfilled (for example, an additional contract, certificate, invoice, etc. has been prepared, guarantees have been formalised, and you have not used the consumer’s 7-day right of withdrawal). Depending on the financing project, we will disburse the loan in a single part or in several parts.

5. Proportion of down payment

When taking out a loan to buy real estate, you must provide a monetary down payment. In general, we do not disburse the loan until you have paid the down payment to the seller or deposited it in a notary’s account.

The monetary down payment can be replaced by additional collateral that is suitable for the bank.

6. Claims and additional obligations related to collateral assets 

When buying real estate, make sure that you have all the required documents for the object you are buying, such as a use and occupancy permit, or that these documents are guaranteed to be obtained by the agreements described in the purchase agreement. A use and occupancy permit indicates the compliance of the construction with the building permit and the possibility to use the completed building in accordance with the requirements and purpose of use. If a building permit is required, then the use of a building without a use and occupancy permit is punishable by a fine according to the Building Code. The owner of the building is responsible for the existence of a use and occupancy permit.

The collateral assets and the extent of establishing these (amount of pledge, limit of liability of the provider of surety) are specified in the loan agreement. The mortgage set on the collateral property is 1.3 times the loan amount.

If we require an expert assessment that certifies the value of the real estate provided as collateral, please ask for it to be prepared by a real estate agency that we have approved. 

The real estate provided as collateral must be insured under the conditions set forth in the loan agreement. For us to be able to make sure that the collateral is insured, please provide us with an insurance document (policy, certificate or copy of the contract).

  • If you do not provide the insurance document in due time or do not insure the real estate provided as collateral under the terms and conditions of the loan agreement, we will serve you a claim for a contractual penalty.

If you wish to transfer the real estate serving as collateral (for example, sell, gift, or exchange it) or further encumber it (for example, letting), then you, the borrower, or the owner of the immovable, must inform us of this wish. In the case of a loan agreement secured by a KredEx surety, the consent of KredEx must be obtained for the sale, gifting or granting the use of the collateral property (except for when the recipient is a spouse who is the joint owner). In the case of letting, we may request to see the terms of the lease contract to be concluded. If the transfer or encumbrance takes place without the consent of KredEx, KredEx may extraordinarily cancel the suretyship contract and you will have to find new additional collateral.

7. Purposes of using the loan

We provide the loan for a specific purpose. In the event that you do not use the loan for its intended purpose, we may:

  • claim a contractual penalty from you, or
  • extraordinarily cancel the loan agreement, demanding the repayment of the entire loan.

8. Interest and changes in interest

Interest is a fee that you pay for using the loan. The interest rate is specified in the loan agreement. The interest rate may be variable (floating), or fixed for a specific period.

A variable interest rate consists of:

  • the variable base interest rate, or Euribor, and
  • the individually established interest margin.

The period after which the Euribor may change depends on the Euribor period that you choose when concluding the loan agreement. For example, the six-month Euribor rate is recorded every six months. The interest rate established in this way may increase or decrease every six months, and this will also increase or decrease the amount of your loan payment. Therefore, an increase in the Euribor rate means a higher cost when repaying the loan.

There is no condition in the loan agreement that would cap the increase in the interest rate at any level in the event of an increase in the Euribor rate. If the Euribor rate is negative, then the interest is equal to the interest margin.

Consider carefully, whether you would be able to make loan payments during a period of increased Euribor, for example, if the Euribor rate is 5% or higher. You can get help in this from the home loan calculator, which will enable you to simulate different interest rate change scenarios.

For you to be able to mitigate the risk of an increase in the Euribor rate, we offer you the opportunity to fix the interest rate for an agreed period. In this case, the interest rate is fixed and consists of:

  • the individually established interest margin and
  • the fixed base interest rate, which we calculate based on the interest rate quoted for loans granted in euros at the international financial markets.

If, during a period when your interest rate is fixed, you wish to:

  • repay a part or the entirety of the loan outside the payment schedule,
  • make the fixed interest rate variable, or
  • shorten the loan term,

and the market interest rate at the moment of making these changes is lower than the fixed base interest rate agreed in the loan agreement, then we have the right to charge you an interest difference fee. When calculating the fee, we rely on the interest difference fee rate, i.e., the difference between the fixed base interest rate and the market interest rate as a percentage per year.

The market interest rate is the fixed interest rate quoted for loans granted in euros at the international monetary market for the period until the end of the term of the fixed base interest rate. You can ask us the amount of the market interest rate at any time.

If the Euribor is not available, its publishing has been suspended or is about to be terminated, it is not allowed to be used, the methodology for calculating it has changed significantly, or it cannot be applied due to other circumstances beyond the control of the bank, then we will replace the Euribor with a new base interest rate of our reasonable choice and, if necessary, also change the conditions for calculating interest. We will inform you of the starting date of the new base interest rate (replacement date). You can cancel the agreement within 60 days of the receipt of the notice or, in the case of a fixed base interest rate, the end of its term, without paying the early repayment fee, by notifying the bank in advance and performing all contractual obligations. If you do not perform all your contractual obligations within these 60 days, the new base interest rate will apply from the replacement date. If a base interest rate cannot be used, the interest rate is subject to the last available fixation of the base interest rate until the replacement date or the date of change of the interest rate following the base interest rate becoming available again. If the last available fixation of the base interest rate or the new base interest rate is negative, then the interest is equal to the interest margin.

9. Repayment of the loan

We debit the payments to be made under the loan agreement from your SEB current account. If you have taken out a loan together with a co-borrower, we have the right to debit loan payments from their current account as well.

In order to repay the loan and pay the interest, we will agree on a payment schedule, which is available in the Internet Bank for the entire loan period.

In the case of an annuity schedule, you will pay a payment of the same amount (annuity payment) on each payment date, which consists of: 

  • the repayment of the principal amount of the loan, and interest.

In the case of an annuity schedule, the share of interest payments in the early years of the loan period is higher, and the loan payment constitutes a smaller part of the annuity payment. At the end of the loan period, this distribution is reversed. If the interest rate changes, or the payment date or the loan term is changed, or if you repay the loan in larger extraordinary repayments, the amount of the annuity payment will also change.

In the case of a schedule with equal principal payments, you will pay the same principal payment of the loan on each payment date, plus interest. This is why the amount paid to the bank on each payment date will be different.

During a grace period agreed with us, you will only pay interest payments. During this period, the loan balance decreases more slowly (compared to when a grace period is not in effect) and for this reason, the total cost of interest paid on the loan increases.
Upon your request, we will send you a sample repayment schedule at the conclusion of the contract, which includes principal and interest payments.

10. Early repayment

You have the right to repay the entirety or a part of the loan early by notifying us thereof 10 days in advance. In the case of early repayment of the loan, we may charge a contractual fee, with its amount depending on the type of interest rate.

  • If you repay the loan during the period of validity of a variable interest rate, the maximum contractual fee is equal to the three-month interest calculated on the part of the loan to be repaid, on the basis of the interest rate valid on the date of early repayment. You will not have to pay a contractual fee if you give three months’ notice of the repayment and make the repayment within 10 days after three months have passed from us receiving your notice. The three-month period starts from the day of us receiving your notice.
  • If you repay the loan during the period of validity of a fixed base interest rate, and if the market interest rate valid on the date of repayment of the entire loan or a part thereof is lower than the fixed base interest rate, the repayment fee will be equal to the interest difference fee. When calculating the interest difference fee, we are guided by the market interest rate valid on the day of repayment.

11. Amendment of the terms and conditions of your loan agreement

Amendments to the terms and conditions of the agreement are made by agreement of both parties, and such amendments are generally established with an annex to the contract. An amendment initiated by you is generally subject to a fee.

12. Consequences and costs of violating the loan agreement

If you do not make the contractual payments on time, we may charge a penalty for late payment. We calculate the corresponding amount on the basis of late payments, guided by the default interest rate specified in the agreement.

Should you find yourself in arrears, we will send you a reminder. If the arrears remain unsettled, we will send you a debt notice that is subject to a fee, and will also inform the persons providing a guarantee to the agreement.

If the payments are overdue for a period of more than 45 days, we will forward the debt information to the payment default register (Creditinfo Eesti AS).

If you violate a non-monetary obligation, we are entitled to charge a contractual penalty at the rate set out in the agreement.

13. Cancellation of the agreement and its consequences

The grounds for cancellation of the agreement are set out in the terms and conditions of the agreement. We have the right to cancel the agreement extraordinarily, for example, if you are late with the payment on three consecutive occasions.

If you do not pay the loan balance, interest and other payments due, we will start the debt collection process, which may mean execution proceedings or court proceedings and the forced sale of the collateral. All costs related to debt collection are borne by you.

14. Non-recurring costs related to the conclusion of the loan agreement

Upon signing the agreement, you pay an agreement fee in the amount and on the terms and conditions specified in the agreement. Also review the price list for loans and the General Terms and Conditions of the Bank and the Terms and Conditions for Processing Personal Data.

If you guarantee the performance of the agreement with a pledge, the following may be added as a non-recurring fee:

  • state fee;
  • notary fee;
  • collateral valuation fee;
  • insurance premium;
  • in the case of a surety from KredEx, the guarantee agreement fee.

15. Fixed costs for the loan period

The following fixed costs related to the performance of the loan agreement are added to the loan and interest payments:

  • monthly fee of the current account;
  • the cost of insuring the collateral;
  • the cost of ordering an expert assessment of the collateral, should the need for an expert assessment arise;
  • the cost of loan protection coverage, if you have chosen this cover;
  • currency conversion cost: if there is not enough money in the loan currency on the account designated for servicing the loan on the due date, we may debit the payment in another currency on the account by converting it into the loan currency at the exchange rate valid at SEB Pank at the time of the transfer.

16. Obligation to open an account and receive income to it

By the date of signing the loan agreement at the latest, you (and the co-borrower) must have opened a current account in SEB Pank for the entire loan period. We are entitled to require that you (and the co-borrower) receive all your income to your current account at SEB Pank, and that settlements be made through SEB, unless otherwise agreed in the loan agreement.

17. Risk of decrease in solvency

Think about how you will cope with the repayment of the loan in the case that:

  • the overall economic environment deteriorates;
  • your salary or other income decreases;
  • your other expenses increase.

To make a considered decision, analyse the actual financial situation of your family and consider concluding a suitable insurance contract (for example, SEB loan protection coverage). If solvency problems start to arise, please contact us immediately. For example, make sure to contact us immediately if:

  • your employment is unexpectedly terminated;
  • execution, debt restructuring or bankruptcy proceedings are brought against you;
  • your bank account is seized.

Together, we will find the most suitable solution to the situation. This could be, for example, a change in the payment date or a grace period. At the same time, you can apply for the final repayment date of the loan to be postponed by a grace period.

18. Complaints and disputes

In the case of any disagreements, it is reasonable to first start seeking solutions by negotiating with us.

You can read about the general procedure for resolving complaints on our website at

If you feel that our response does not meet your expectations and you still find that we have violated your rights when granting the loan, you can ask for advice and explanations from the Consumer Protection and Technical Regulatory Authority ( or the Financial Supervision Authority (

Furthermore, in order to resolve a dispute, you may contact the Consumer Disputes Committee operating within the Consumer Protection and Technical Regulatory Authority, or take the matter to court


Collateral Insurance

  • As a borrower, we request that you make sure that the house or apartment established as collateral for the loan agreement is insured
  • The house or apartment established as the collateral must be insured to the extent of no less than the reinstatement value
  • The validity and cover of the insurance contract must remain in effect until the expiry of the loan agreement

Loan Protection Insurance

  • Will cover monthly payments for your housing loan when lasting incapacity for work or temporary incapacity for work due to an accident or illness
  • Sense of security when repaying a loan
  • Keeping your property and a sense of security for your nearest and dearest

Which loan type is the most suitable for you?

Select the goal you wish to achieve and compare the available financing solutions.

Annual percentage rate as a typical example

The initial interest rate of the home loan is 5.78% per year under the following sample conditions:

  • loan amount of 116,000 euros, which will be paid out upon signing the contract;
  • an interest rate of 5.508% per year on the loan balance (the interest rate consists of the six-month Euribor and a margin of 1.60%; on March 15, 2024, the six-month Euribor was 3.908% (the negative value of the Euribor is considered equal to zero when calculating the interest); the Euribor fixed in the contract may change every six months, the margin is fixed until the end of the contract);
  • repayment over 25 years in 300 monthly annuity payments;
  • contract signing fee of 464 euros, which is paid upon signing the contract;
  • current account monthly fee 0.30 euros.

The refund amount to be paid by the customer is 215,590.38 euros and the total amount is 216,114.38 euros.
The loan must be secured by a mortgage on real estate and the real estate must be insured. Collateral and insurance costs have not been taken into account in the cost rate.