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FLEXIBLE MORTGAGE LOAN

Flexibility to access funds as needed, using the value of your property.

Flexible access to funds

Easily access funds whenever you need them.

Interest-only payments

Pay only the interest during the draw period.

Remote application

Apply online and receive an offer.

Colorful living room with modern design elements.
Colorful living room with modern design elements.

What is a flexible mortgage loan for?

Ideal for home improvements, debt consolidation, unexpected expenses or other plans.

Man and woman relaxing in their kitchen playing with their dog.

How flexible mortgage loan works?

Flexible mortgage loan allows you to borrow as much or as little as you need against the value of your property.

  • Use real estate as collateral and receive a credit line of up to 75% of the property's value.
  • Use the funds whenever you need during the draw period of up to 5 years.
  • Pay only the interest in the draw period.
  • Repay the loan during the repayment period of up to 25 years.

Calculator

1 years
30 years
Total amount payable: 175 206.00 EUR
Annual percentage rate (APR): 4.91 %
collateral house
352.50 EUR
Monthly payment for the first 5 years
510.52 EUR
Monthly payment for the remaining term
* Fixed margin + 6m Euribor.
The calculations made using the calculator are of an informative nature and each client's situation is assessed individually.

Loan conditions

  • Financing of up to 75% of property value.
  • Term of up to 30 years.
  • Interest-only payments during the draw period.
  • Possibility to choose floating or fixed interest rate.

Need help?

Get instant answers to your questions 24/7 from our website help tool: our virtual financial consultant, Adele.

In annuity schedules, the loan payment is the same every month, if the interest rate and its calculation periods remain unchanged. At the beginning of the loan agreement, the interest portion of the monthly payment is larger, and the principal portion is smaller. In time, their proportions change - the interest portion decreases, while the principal portion increases. 

In the sample schedule, where the length of each month is normally calculated to be 30.42 days (365 days divided by 12 months), the annuity schedule would look like this: 

In the example, it is easy to see how the amount of the principal part increases every month and the interest part decreases every month. 

There is not an equal number of days in each month, which means that real loan schedules will not change exactly according to the sample. In their loan schedule, the customer pays interest according to the actual number of days between two monthly payments. If the number of days between monthly payments is different, then the amount of interest in the next payment may not be lower than the previous one. 

Let's imagine a situation where a customer was issued a loan amount on March 20, 2023, and he chose the 20th as his monthly payment date. 
The beginning of a realistic loan schedule would look like this: 

What does an annuity schedule that uses the actual number of days per month show? 

  • In the case of payment number 2, May 20th is a Saturday, therefore the payment will be moved to the following working day - May 22nd. The interest portion is higher in this payment compared to the previous month, because the number of days between two monthly payments is greater - the customer pays interest for 32 days, not 31 days (as for the first payment). 
  • The same situation occurs when comparing payments number 4 and 5. 
  • If the interest portion of the monthly payment increases (interest is paid for a longer period), it also changes the amount of the principal. In annuity schedules, the most important part is to keep the monthly payment amounts equal, and therefore, as the interest portion increases, the amount of the principal portion in the payment decreases. 

Here is an example where the interest and principal payments over six months are added together:

If you look at your loan schedule over longer periods, you can see that the actual schedule also moves according to the principle of the annuity schedule - over time, the interest portion decreases and the principal portion increases. 

To find out the loan amount available to you, go to the Citadele website Loans → Home loan.
Fill in the loan calculator and find out how much you can borrow.

If you want to fill in a mortgage loan application, proceed by selecting the Apply online button and log in with one of the authorization devices.

Fill in the required fields in the application, provide information about yourself, existing credit commitments. If the terms and conditions of using the Kredex guarantee apply to you, the relationship manager will take this into account when making an indicative offer.

After submitting the application, you will see on the screen that the application has been created, as well as you will receive an informative e-mail about it.

  1. The customer fills in the application
  2. An indicative offer is prepared
  3. Additional requested documents are submitted (e.g., account statements, real estate appraisal)
  4. Decision of granting a loan
  5. The loan agreement and other documents are signed in the bank
  6. The documents shall be signed by a notary and submitted to the Land Register
  7. After the submission of the notary agreement and all other required documents to the bank, the loan amount is paid out

Yes, we offer more favorable loan terms if your desired home has an energy-efficiency certificate with class A or B rating.

Yes, if you want to avoid fluctuations in the interest rate and changes in the repayment amount, you can choose a fixed interest rate, ensuring a consistent repayment schedule during the selected period.

In annuity schedules, the loan payment is the same every month, if the interest rate and its calculation periods remain unchanged. At the beginning of the loan agreement, the interest portion of the monthly payment is larger, and the principal portion is smaller. In time, their proportions change - the interest portion decreases, while the principal portion increases. 

In the sample schedule, where the length of each month is normally calculated to be 30.42 days (365 days divided by 12 months), the annuity schedule would look like this: 

In the example, it is easy to see how the amount of the principal part increases every month and the interest part decreases every month. 

There is not an equal number of days in each month, which means that real loan schedules will not change exactly according to the sample. In their loan schedule, the customer pays interest according to the actual number of days between two monthly payments. If the number of days between monthly payments is different, then the amount of interest in the next payment may not be lower than the previous one. 

Let's imagine a situation where a customer was issued a loan amount on March 20, 2023, and he chose the 20th as his monthly payment date. 
The beginning of a realistic loan schedule would look like this: 

What does an annuity schedule that uses the actual number of days per month show? 

  • In the case of payment number 2, May 20th is a Saturday, therefore the payment will be moved to the following working day - May 22nd. The interest portion is higher in this payment compared to the previous month, because the number of days between two monthly payments is greater - the customer pays interest for 32 days, not 31 days (as for the first payment). 
  • The same situation occurs when comparing payments number 4 and 5. 
  • If the interest portion of the monthly payment increases (interest is paid for a longer period), it also changes the amount of the principal. In annuity schedules, the most important part is to keep the monthly payment amounts equal, and therefore, as the interest portion increases, the amount of the principal portion in the payment decreases. 

Here is an example where the interest and principal payments over six months are added together:

If you look at your loan schedule over longer periods, you can see that the actual schedule also moves according to the principle of the annuity schedule - over time, the interest portion decreases and the principal portion increases. 

To find out the loan amount available to you, go to the Citadele website Loans → Home loan.
Fill in the loan calculator and find out how much you can borrow.

If you want to fill in a mortgage loan application, proceed by selecting the Apply online button and log in with one of the authorization devices.

Fill in the required fields in the application, provide information about yourself, existing credit commitments. If the terms and conditions of using the Kredex guarantee apply to you, the relationship manager will take this into account when making an indicative offer.

After submitting the application, you will see on the screen that the application has been created, as well as you will receive an informative e-mail about it.

  1. The customer fills in the application
  2. An indicative offer is prepared
  3. Additional requested documents are submitted (e.g., account statements, real estate appraisal)
  4. Decision of granting a loan
  5. The loan agreement and other documents are signed in the bank
  6. The documents shall be signed by a notary and submitted to the Land Register
  7. After the submission of the notary agreement and all other required documents to the bank, the loan amount is paid out

Yes, we offer more favorable loan terms if your desired home has an energy-efficiency certificate with class A or B rating.

Yes, if you want to avoid fluctuations in the interest rate and changes in the repayment amount, you can choose a fixed interest rate, ensuring a consistent repayment schedule during the selected period.

Mortgage loan, House loan

Service Fee
Execution of credit agreement and additional loan amount Up to 1% of the loan amount, min 200 EUR
Execution of amendments:
Change of loan repayment date and repayment account 0 EUR once in a calendar year; for the next change in the same calendar year, 75 EUR per each amendment
Processing loan grace period, extension of loan issuance Bank’s approvals, permissions and consents related to the property encumbered in favour of the bank 75 EUR per amendment
Execution of amendments to the other provisions of the agreement 0,75% of the loan amount, min 200 EUR (price per amendment)
Fee for early repayment The amount of 3 months’ interest (will not be applied in the case of 3 months’ advance notice)
See full price list

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The initial annual percentage rate is 4.27% on the following sample: loan amount 80 000 EUR, floating interest rate 4.111% per year (margin 2.0% + six-month Euribor 2.111% on 15.08.2025), contract fee 800 EUR, period 360 months, number of repayments 360 and a principal repayment grace period of 60 months. The monthly payment for the first 60 months is 274.07 EUR and thereafter 427.19 EUR. The total amount of repayments 144 600.30 EUR and total amount payable 145 400.30 EUR. During the first 60 months, payments consist of monthly interest payments, followed by monthly annuity payments The loan is to be secured by mortgage and the collateral is to be insured. The mortgage and insurance costs have not been taken into account in this annual percentage rate calculation.