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Apartment building renovation loan

Apartment building renovation loan

For instance:

  • Replacement of roof
  • Repair or replacement of internal communications (sewerage, risers, etc.)
  • Heat insulation of external walls
  • Repair of staircase
  • Repair or replacement of windows or doors
  • Heat insulation of basement overhead covers
  • Heat insulation of heating system pipelines, etc.

Borrowers can be apartment owner associations (apartment owners co-operative associations, apartment owners union) or specialised house management companies (limited liability companies, joint-stock companies, house management office, etc.) that has been managing house at least  two years.

For more information, as well as to apply for loan, please visit SEB banka branches throughout Latvia. If necessary, consultation is given also by infoline: +371 26668777.

Amount: up to 100% of the total cost of the project, capped at 140 EUR/m2
Term: up to 20 years
Interest rate: variable interest rate of 3, 6, or 12-month EURIBOR or SEB banka resource price for 24, 36 or 60 months (the surplus rate is set individually).


  • Future cash flows (a commercial pledge on receivables) and a deposit in the amount of at least two loan payments
  • Guarantee by Altum

Pledging of an apartment is not necessary, nor is the personal guarantee of the owner required.

Additional terms and conditions:

  • The consent of the two-thirds of the apartment owners required for carrying out an energy efficiency project, borrowing of a loan and increasing of the facility management fee (if necessary)
  • Loan repayment from the payments of the apartment owners for facility management
  • The possibility of co-financing in the form of grants (administered by ALTUM)

Learn more about the energy efficiency programme of the multi-apartment buildings.

  • The borrower's legal documents
  • The borrower's financial documents
  • A completed loan application
  • Information about the building to be renovated (including the details on the required works and the estimate thereof)
  • The decision of residents to participate in the energy efficiency project, borrowing of the loan and the possibility of increasing the facility management fee
  • Information about the owners of the apartments of the building
  • Energy audit of the building
  • A simplified technical design of the renovation works


  • +371 26668777
    +371 67779988

    Block payment card and internet bank


    Other questions

    Private customers

    Mon - Fri 08.00 - 18.00

    Business customers

    Mon - Fri 08.30 - 18.00

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