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Loan for home renovation

A loan for repairs or major renovation with a term of up to 10 years.

A man is building a new terrace using timber and is screwing in the boards with a drill.

Individually calculated offer

Receive an offer within 20 minutes.

Financing up to 30 000 EUR

Apply online, even if you are not a Citadele customer.

Wide options

Purchase with no deposit, collateral and security.

The room is under renovation – the walls have been freshly plastered and a protective sheet covers the floor. There are two construction ladders and toolboxes in the room.

Loan for various goals

  • Purchase of a home, summer house or land.
  • Apartment or house renovation.
  • Installation or replacement of a ventilation system.
  • Home insulation – window replacement or other insulation measures.
  • Purchase and installation of a wood biomass heating boiler (pellet boiler).
A woman is looking at floor parquet and wall paint sample palettes to plan home improvements.

Loan terms

  • From 3000 up to 30 000 EUR with fixed interest rate from 6.8% per year.1
  • Loan term of up to 10 years, with no valuation, collateral or security needed.
  • Until 20.08.2025, a processing fee of 1% of the loan amount (minimum EUR 50).1
  • Possibility to repay the loan before term at no additional cost.
  • After signing the agreement, money in your account within just a few minutes.
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Keep in mind!

  • The renovation or improvements must be carried out on a property owned by you or your family (parents, spouse, or child).
  • Within 6 months from the date of signing the agreement, you must submit proof of purchase and print-out from Land Registry . This can be done by submitting an order via online bank. If this is not done, an additional 4% (percentage points) will be applied to the interest rate.

Home Renovation Loan Calculator

1000 EUR
30 000 EUR
6 months
120 months
Annual percentage rate: 11.70%
Commission fee: 50.00 EUR
Interest rate: 7.50%
Total amount payable: 5161.76 EUR
Monthly payment
851.96 EUR
Payments schedule
The calculations made using the calculator are informative and each client's situation is assessed individually.
A woman is holding a tablet and showing a man what is happening on the screen. In the background, renovation work is taking place in the room; the man is holding a paint roller and a bucket.

Apply and process remotely

Apply online, even if you are not a Citadele customer. Conveniently process the loan agreement through the online bank or mobile app and receive the money in your account within a few minutes.2

Need help?

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

Can I repay the consumer credit completely before the due date and do I have to pay a commission for this?

Yes, you can repay the loan fully at any time and free of charge by writing an free form message in Internet bank or application in branch for early repayment.

Can I get a consumer loan if my income is transferred to another bank?

1. Yes, you can get a consumer loan regardless in which bank you receive your monthly income, and even if you are not yet a Citadele customer.

What are the most common reasons, why people can't get consumer loan?

In about 30% of cases the reason for rejection is late payments, which are registered in one of the registers. In another 30% of cases, the consumer loan is denied because of insufficient income level for additional obligations. It is important to be aware that only official income is taken into account. In another 25% of cases, the deny of a consumer loan issuing is related to the fact that a person already has too many loans.

Will monthly loan payments be deducted automatically?

The monthly payment from your Citadele bank account will be deducted automatically, but by the date of payment, it must be ensured that the required amount of money is available in the account.

What can be done to improve your credit rating?

Payment discipline - timely payment of credit payments and bills - is essential for building good creditworthiness. Therefore, even if you have a payment delay, you can change this habit and improve your credit rating. Creditworthiness will also be improved by settling already overdue payments. Even if a person has been registered for late payment in a debt collection database, it is important that these obligations are closed at the time of the credit review. The status of an active debtor at the time of the loan review is much worse than the situation if you have had late payments, which are currently paid.

An important aspect is a stable, official and regular income. A workplace with several years of service will improve your credit rating, but it will also be a good credit rating if you have passed the novitiate period at work and have been working for some time. It is better to wait and not take credit during the novitiate period. By the way, Citadele customers who have been transferring their monthly income to Citadele's account for more than three months can receive a consumer loan with a reduced rate.

How is the credit rating set?

As elsewhere in the world, Citadele determines a person's credit rating by evaluating and summing up various criteria according to a special formula.

  • No delays for loan and other monthly payments;
  • Official income level, stability
  • Monthly payment volume comparing to income level

These are the main criteria on which a good credit rating is based on, therefore allows to get a loan with a lower interest rate. Credit rating is also positively affected by age. Over the years, people become more responsible and can get a better loan offer from the bank.

How does the bank evaluate my creditworthiness?

Credit rating is formed by evaluating and summing up various criteria according to a special formula - credit history, income and expense ratio, length of service in the current job, type of income source and other factors. Each customer is getting an individual credit rating. Based on this, the bank determines the level of a person's creditworthiness, the available interest rate and the available lending services.

If a person applies for a consumer loan, the bank checks the submitted data. It checks the client's income indicated in the questionnaire, and it is evaluated whether late payments have been registered. If the debt was more than two years ago, the credit rating will be better than for a recent debtor or an existing debtor. This means that everyone can improve their creditworthiness by paying off their debts.

What should I do if, for serious reasons, I am having difficulties repaying my consumer loan/car loan/credit limit?

If you have come into serious difficulties regarding the repayment of consumer loans, and it is not possible to make amendments within the existing loan agreement, we offer you the option of consulting with us on your loan agreement and selecting a debt repayment contract.

More questions
Can I repay the consumer credit completely before the due date and do I have to pay a commission for this?

Yes, you can repay the loan fully at any time and free of charge by writing an free form message in Internet bank or application in branch for early repayment.

Can I get a consumer loan if my income is transferred to another bank?

1. Yes, you can get a consumer loan regardless in which bank you receive your monthly income, and even if you are not yet a Citadele customer.

What are the most common reasons, why people can't get consumer loan?

In about 30% of cases the reason for rejection is late payments, which are registered in one of the registers. In another 30% of cases, the consumer loan is denied because of insufficient income level for additional obligations. It is important to be aware that only official income is taken into account. In another 25% of cases, the deny of a consumer loan issuing is related to the fact that a person already has too many loans.

Will monthly loan payments be deducted automatically?

The monthly payment from your Citadele bank account will be deducted automatically, but by the date of payment, it must be ensured that the required amount of money is available in the account.

What can be done to improve your credit rating?

Payment discipline - timely payment of credit payments and bills - is essential for building good creditworthiness. Therefore, even if you have a payment delay, you can change this habit and improve your credit rating. Creditworthiness will also be improved by settling already overdue payments. Even if a person has been registered for late payment in a debt collection database, it is important that these obligations are closed at the time of the credit review. The status of an active debtor at the time of the loan review is much worse than the situation if you have had late payments, which are currently paid.

An important aspect is a stable, official and regular income. A workplace with several years of service will improve your credit rating, but it will also be a good credit rating if you have passed the novitiate period at work and have been working for some time. It is better to wait and not take credit during the novitiate period. By the way, Citadele customers who have been transferring their monthly income to Citadele's account for more than three months can receive a consumer loan with a reduced rate.

How is the credit rating set?

As elsewhere in the world, Citadele determines a person's credit rating by evaluating and summing up various criteria according to a special formula.

  • No delays for loan and other monthly payments;
  • Official income level, stability
  • Monthly payment volume comparing to income level

These are the main criteria on which a good credit rating is based on, therefore allows to get a loan with a lower interest rate. Credit rating is also positively affected by age. Over the years, people become more responsible and can get a better loan offer from the bank.

How does the bank evaluate my creditworthiness?

Credit rating is formed by evaluating and summing up various criteria according to a special formula - credit history, income and expense ratio, length of service in the current job, type of income source and other factors. Each customer is getting an individual credit rating. Based on this, the bank determines the level of a person's creditworthiness, the available interest rate and the available lending services.

If a person applies for a consumer loan, the bank checks the submitted data. It checks the client's income indicated in the questionnaire, and it is evaluated whether late payments have been registered. If the debt was more than two years ago, the credit rating will be better than for a recent debtor or an existing debtor. This means that everyone can improve their creditworthiness by paying off their debts.

What should I do if, for serious reasons, I am having difficulties repaying my consumer loan/car loan/credit limit?

If you have come into serious difficulties regarding the repayment of consumer loans, and it is not possible to make amendments within the existing loan agreement, we offer you the option of consulting with us on your loan agreement and selecting a debt repayment contract.

Home renovation loan and Home energy efficiency loan

Service Fee
Execution of agreement on issuing of Consumer Loan 2% from agreement amount (min. 50 EUR)
Execution of amendments 25 EUR
Change of loan repayment date 25 EUR
See full price list

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1 The initial annual percentage rate is 7.92% on the following sample: amount of credit 5000 EUR, interest rate 6.8% per year (fixed rate), contract fee 100 EUR, period 60 months, monthly payments 98.54 EUR, total amount of repayment 6012.02 EUR.
2 To borrow, you must be at least 18 years of age, and you must have a regular, stable and verifiable monthly income. Borrow responsibly and assess your ability to repay the loan.

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