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Buy your dream home with professional advice from SEB

Special offer: 01.06.2023 to 31.08.2023, the interest rate for the purchase of objects with A-energy efficiency class that submitted a new home loan application is from 1.4% + euribor.

The above offer is not binding on the bank and getting a loan depends on your ability to pay. The offer is not valid for loan refinancing.




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 and mortgage calculator

Simple loan annuity calculator

Notary fee and state fee calculator

Base rates

Published on 01.06.2023

1-month EURIBOR® 3,2100
3-month EURIBOR® 3,4620
6-month EURIBOR® 3,7210
12-month EURIBOR® 3,8750
EONIA® 0,0000
€STR 3,1440
Bank's base interest 3,3750
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.

The bank’s base interest (BBI) will change starting from November

The rapid rise in interest rates in financial markets will also lead to a rise in the bank’s base interest (BBI) in October. Clients 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 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 previous and expected decisions of the ECB to raise the base interest rate), the BBI will also rise. Currently, the BBI is only 0.0%, while Euribor rates have now already reached 1–2%. The bank plans to review the BBI in the future and, if necessary, to adjust it on a monthly basis if changes in interest rates in financial markets give reason to do so.

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
  • Down payment starting from 15% (from 10% with EIS guarantee)
  • 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

EIS is a state-owned development finance institution, which offers state aid for various target groups with the help of financial tools (such as loans, credit guarantees, etc.). Down payment when using the EIS guarantee starts from 10%.

Learn more about EIS programme

Guarantee for:

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

More about home loan

Private person

1. Home loan, mortgage loan
- agreement conclusion 1% of the loan amount, min. EUR 190
- agreement amendment (1) up to 1% 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) EUR 35
- 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 once in a year free of charge
- changing the payment date as of the second change of payment date in one year EUR 20
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 once in a year free of charge
- changing the payment date as of the second change of payment date in one year EUR 20
- 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 once in a year free of charge
- changing the payment date as of the second change of payment date in one year EUR 20
7. Other loan-related services
-contractual penalty for the violation of the notification obligation stipulated in the agreement, incl. for not submitting the insurance policy of collateral EUR 32
- contractual penalty for the violation of any other non-monetary obligation stipulated in the loan agreement up to 5% of the loan amount outstanding at the moment of violation
- 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 10,000.

A sum of loan may amount to 80% of the market value of housing, established as a security. When using the guarantee of Estonian Business and Innovation Agency, the sum of loan may amount to 90% of the market value of the collateral.

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%.

Self-financing when using the EIS guarantee starts from 10%. 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 checklist and additional information for the applicant of private loan secured with real estate

Takinga loan is an important decision and involves risks. We would like to help you in preparing an informed decision.

  • When applying for a loan, you should prepare thoroughly:
  • consider for what and how much loan you need and what would be your sources for repayment;
  • submit us true and sufficient information;
  • make it clear for yourself which costs are involved in borrowing;
  • consider the possibility that your financial situation may deteriorate and you must be able to repay the loan also when it happens;
  • examine carefully all loan documents (agreement, information sheet, etc,) before signing;
  • there are no unsolvable problems and situations, but there are different options – we are your partner, who you should contact well in advance even if you encounter problems with repaying the loan.

You may ask information about our loan conditions and get explanations both before concluding a loan agreement as well as during its term. In the case of questions, contact us on the general information lines of SEB Bank.

When examining the loan conditions and agreement please pay special attention to the following

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


1. Standard European Consumer Credit Information

Before the conclusion of a loan agreement, we will deliver to you for your information a personal Standard European Consumer Credit Information sheet, on which we give brief information on the more important conditions of the agreement. Please examine carefully the information presented on the information sheet.

2. Solidary liability of several borrowers

If there is more than one borrower, they shall bear solidary liability upon the performance of the agreement: each borrower is responsible for the repayment of the loan and the fulfilment of other obligations assumed under the agreement to the full extent.

3. Loan currency

We issue the loan in the currency of your residence in Estonia, i.e. in euros. This cannot be changed.

4. Loan disbursement term and conditions

Generally, we disburse the loan to your current account at SEB Pank after all preconditions to loan disbursement have been met ( additional agreement, certificate, invoice, etc. has been submitted, collateral has been established, and you have not applied to withdraw from the loan agreement). Depending on the financing project, we disburse the loan either in one or in several parts.

Collateral and the extent of establishing the collateral (amount of the pledge, limit of liability of the provider of surety, etc.) are specified in the loan agreement. Generally, the amount of mortgage established over the pledged real estate is 1.3 times the loan amount.

If we request a valuation report certifying the value of real estate provided as security, you will be obliged to select the appraiser from
among our accepted real estate agencies. Their list can be found on our website at

5. Rate of self-financing

If you take a loan for buying real estate, you must provide your own financial contribution, the minimum amount of which we will specify also in the loan agreement. As a rule, the bank will not disburse the loan before you have paid the self-financed part.

Financial contribution may be replaced with additional collateral that suits the bank.

6. Additional obligations related to collateral

The real estate provided as collateral must be insured on conditions set out in the loan agreement. In order for us to establish that the insurance obligation has been met, you will have to send us the insurance policy.

If you:

  • do not provide us with the insurance policy in a timely manner or
  • do not insure the property established as collateral on the conditions of the loan agreement, we will present to you a claim for a contractual penalty.

If you wish to transfer or encumber (including lease or rent) the property provided as collateral,

  • you as a borrower or
  • the owner of the collateral

will first have to ask for our consent, whereas, in the case of a loan agreement secured by EIS, to transfer the collateral or give it into the use of other persons (other than the spouse in common ownership), the bank must obtain prior consent of EIS. We may ask to see the terms of the lease or rent agreement (draft agreement). If the transfer or encumbrance is made without the consent of EIS, EIS may cancel the surety agreement exceptionally and you will have to find a new additional collateral.

7. Purpose of the Loan

We grant the loan for a specific purpose, which will be stated in the loan agreement. If you do not use the loan for its intended purpose, we may

  • demand a contractual penalty or
  • extraordinarily cancel the agreement, demanding immediate repayment of the entire loan.

8. Interest and changes in interest

Interest is a fee that is paid for using the loan. The interest rate is specified in the loan agreement.

Interest rate may be unfixed (floating) or fixed for a specific period.

Unfixed interest rate consists of

  • floating base interest rate, i.e. Euribor, and
  • an individual interest margin, which generally does not change over the loan term.

The interval after which Euribor may change depends on your chosen Euribor period upon the conclusion of the agreement. For example, the new value of 6month Euribor is fixed after every six months. This interest rate could either increase or decrease every half-year and the loan repayment will either increase or decrease. Therefore, an increase of Euribor means a higher repayment of the loan.

loan, diagram

Our experience shows that the prices of loans taken during the low period of base interest rate (Euribor) will most likely increase in the future, as the interest rate will rise.

Our loan agreement does not contain a provision that would stop the rise of the interest rate if the base interest rate increases. Negative value of base rate is deemed to equal zero.

Please consider whether you are still able to make the loan payments, should the interest rate rise to 5%. Our housing loan calculator, can assist you, allowing you to try out different interest change scenarios.

In order to mitigate the risk of raising Euribor, we suggest fixing the interest rate for an agreed period. Fixed interest rate comprises

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

If your wish during the fixed interest period to

  • repay part of the loan or the entire loan outside of the repayment schedule,
  • change the fixed interest rate into floating interest, or
  • shorten the loan term

and the market interest rate is lower at the moment of making these changes than the fixed interest rate agreed in the loan agreement, the bank will be entitled to request an interest difference charge. The rate of interest difference charge is the difference between the fixed base interest rate and the market interest rate as a percentage per year.

Marketrate is the interest rate fixed for loans granted in euros at the international financial markets, which is in force until the end of the validity of the fixed base interest rate. You can ask us the size of market interest rate at any time.

If the base interest rate is unavailable, its publication has been suspended or is about to be terminated, the base interest rate may not be used, the methodology for calculating it has changed significantly, or the base interest rate is not applicable due to other circumstances beyond the control of the bank, we will replace the base interest rate with a reasonable new base interest rate of our choosing and, if necessary, will change the conditions of interest calculation. We will notify you of the date of commencement of the new base interest rate (replacement date). Within 60 days from the date of receipt of the notice or, if a fixed base interest rate is applied, from the date of its expiry, you may cancel the agreement without paying the early repayment fee by notifying us in advance and fulfilling all contractual obligations. If you do not fulfil all contractual obligations within the above-mentioned 60 days, the new base interest rate will apply as of the replacement date. If the base interest rate cannot be used, the most recent available fixing of the existing base interest rate will apply to the interest until the replacement date or until the next date of changing the interest rate following the date when the base interest rate is available again. If the most recent available fixing of the existing base interest rate or the new base interest rate is negative, it will be equal to the interest margin.

9. Loan repayment

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

To repay the loan and pay interest, we will agree on a payment schedule.

Based on an annuity schedule, you will make equal payments (annuity payments) each month, consisting of

  • repayment of the principal part and
  • interest.

In the case of an annuity schedule, the loan payment is smaller and the interest payment bigger at the beginning of the loan term. At the end of the loan term, the division is the opposite. If the interest rate changes or the loan repayment date is changed or if you repay the loan in bigger extraordinary payments, then the amount of annuity payment will also change.


In the case of a schedule with equal principal parts, you will pay equal principal amounts, to which interest will be added, throughout the loan term. Accordingly, the amount payable to the bank is different each month.


During a grace period, agreed with us, you will pay only interest. In this period, the loan balance will decrease at a slower pace (compared to the period without grace period) and accordingly, the total cost of interest paid on the loan will increase. Upon request, we will forward to you a sample repayment schedule at the conclusion of the agreement, which shows the principal and interest payments.

10. Early repayment

You may prepay the loan in full or in part, if you inform us of your wish 10 days in advance. Upon early repayment of the loan, we have the right to a contractual fee; the amount of the contractual fee depends on interest rate.

  • If you prepay a loan during the floating interest rate period, period, the maximum contractual fee will equal three months’ interest, which is calculated on the part of loan to be prepaid on the repayment date based on the effective interest rate. A contractual fee is not applied if the term for advance notice is three months and if you will repay within 10 days after the three months’ notice date since the day we received your notice. The three-month notice date starts from the day we received your advance notice;
  • If you prepay a loan during the fixed base interest rate period and if on the loan repayment date, the valid market rate is lower than the fixed interest rate, the contractual fee will equal the interest difference charge. We calculate the interest difference charge based on the market interest rate effective on the repayment date.

11. Amendments to the conditions of your loan agreement

Generally, the conditions of the agreement are amended upon agreement of both parties and this will be recorded in the annexes to the agreement. A fee is charged for amendments initiated by you.

12. Special conditions of the loan agreement

If the loan agreement contains mandatory special conditions, you will have to follow these with utmost care. This is the only way to be sure that the agreement will remain in effect.

13. Consequences and costs of violating the loan agreement

If you do not make the contractual payments in due time, we may demand a penalty for late payment. We calculate the amount on the delayed payments proceeding from the rate of late payment interest specified in the agreement.

Should you remain in arrears, we will first send you a reminder. If the debt is still not settled, we will send you a debt notice, for which you will be charged. We will also inform the persons securing the agreement of the debt.

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

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

14. Cancellation of the agreement and the consequences thereof

The grounds for cancellation of the agreement are set out in the terms of the contract. We are entitled to extraordinarily cancel the loan agreement for example if you have delayed at least three successive payments.

If you do not pay the loan balance, interest, and other arrears, we will start collecting the debt, which may include judicial or execution proceedings and the forced sales of collateral. All costs related to debt collection will be borne by you.

15. Non-recurrent charges related to the conclusion of the agreement

When signing the agreement, you will pay a contractual fee in the amount and on the conditions set out in the agreement. Please read also the price list of loans and AS SEB Pank General Terms and Conditions and Procedure for processing client data.

If you secure the performance of the agreement with a pledge, you may incur the following single charges:

  • state fee;
  • notary fee;
  • fee for the valuation of collateral;
  • security contract fee (in case of EIS guarantee).

16. Fixed costs of the loan period

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

  • monthly fee of current account;
  • costs of insuring the collateral assets;
  • costs related to ordering a valuation of the collateral, if valuation is necessary;
  • loan protection coverage, if you have chosen this cover;
  • currency conversion cost: if, on the payment date, the funds in the account determined for servicing the loan are insufficient in the loan currency, we may debit the payment in the funds of the account available in other currency, converting them into the loan currency based on the exchange rate effective at SEB at the moment of transfer.

17. Obligation to open an account and transfer the income

You (and your co-borrower) will have to open a current account with SEB Pank by the date of signing the loan agreement for the entire loan term. We have the right to require you (and co-borrower) to receive all your income in your current account at SEB Pank and make settlements with SEB unless otherwise agreed in the loan agreement.

18. Risk of possible decrease in solvency of the borrower

Please consider how you will cope with the repayment of the loan, should the overall economic environment deteriorate, your salary or other income decrease, and/or your other expenditures increase.

Analyse the actual financial situation of your family and consider taking out a suitable insurance contract (such as SEB Loan Protection).

Contact us immediately if you encounter solvency problems. Also call us right away also if your employment is terminated or an execution proceeding is commenced against you or your bank account has been seized. Together, we will find the most suitable solution to the situation. One possible solution could be, for example, an amendment of the payment date or granting a grace period, whereas you may also apply for postponement the final repayment date by the grace period.

19. Complaints and disputes

If you have any complaints concerning our activity, then first try to resolve the issue by negotiating with us. You can read about the general procedure of settling disputes on our website at

If you feel that our answer is not what you expected and still think we have violated your rights when granting the loan, you have the right to turn to the Consumer Protection and Technical Regulatory Authority (Sõle 23a, 10614 Tallinn; or the Financial Supervision Authority (Sakala 4, 15030 Tallinn; for advice and explanations.

Furthermore, in order to resolve a dispute you may contact the Consumer Disputes Committee operating at the Consumer Protection and Technical Regulatory Authority or turn to court. A complaint to the Consumer Dispute Committee can also be submitted digitally via Online Dispute Resolution website at

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.

Home purchase or construction


Home renovation and furnishing


Daily needs and larger purchases


Buying a car






Annual percentage rate as a typical example

The initial annual percentage rate of charge of a home loan is 4.84% under the following sample conditions: 

  • loan amount of 114,000 euros is paid out upon conclusion of the agreement; 
  • annual interest rate 4.572% on the loan balance (the interest rate consists of the 6 month EURIBOR and a margin of 1.8%; on 5 January 2023, the 6 month EURIBOR was  2.7720% (the negative value of EURIBOR is considered to be equal to zero when calculating interest); the EURIBOR fixed in the agreement may change every 6 months, the margin is fixed until the end of the agreement); 
  • repayment within 25 years in 300 monthly annuity payments; 
  • contract fee of 1144 euros; 
  • monthly fee of the bank account 0.30 euros. 

The amount of repayments by the client is 192,776.84 euros and the total amount is 194,006.84 euros. 

A mortgage shall be established over the real estate to secure the loan and the real estate shall be insured. The costs of establishing and insuring the pledge are not included in the annual percentage rate.