Mortgage loan

GENERAL PRINCIPLES

Loans starting from 2000 EUR;
Loan maturity 1-20 years;
Fixed interest rate thoughout the loan period, starting from 1,25% a month (15% a year);
Loan amounts usually are below 60% of the market value of the collateral;
The payment schedule is agreed individually and it is possible to choose between various repayment options;
Loan applications are welcomed between ages 18-75 (with the assumption that loan is repaid by the age of 75);
If needed, a grace period of 6 months can be provided for loan repayments.

graph-eng

Amount

Period

Monthly annuity payment	€
The gross amount of the credit	€
Cost of credit	%

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The results of current calculator are approximate and illustrative. More precise information about borrowing related costs can be found here.

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Personal information

Person role *

First name *

Company name *

Surname *

ID code *

Registry code *

Phone *

E-mail *

The nature and location of the collateral

Real estate *

County *

City *

Street *

House no

Apartment no

The loan amount and period

Loan amount (€) *

Loan period *

Additional Information

* I hereby give AS Finora Capital permission to handle my personal data and share with relevant third parties according to the regulation and principles of personal sensitive data handling (GDPR). I acknowledge that AS Finora Capital can take an automated decision about my application based on the data provided in this application and other relevant sources and databases. I am informed that I can submit an objection to the decision in order to defend my own justified interest.

* I give AS Finora Capital acceptance to control data of my accumulative pension account.

READ PRICELIST Personal information processing conditions

IMPORTANT TO KNOW:

A loan is a serious and important financial obligation, involving risks. Think your loan decision carefully, examine terms and conditions and if necessary, consult with an expert.
Taking a loan is related to insurance and mortgage costs. These can differ according to price list of the service provider and govertment state duty. Annual Percentage Rate of Charge does not include these costs. The real estate provided as collateral must be insured on conditions set out in the loan agreement.
A contract fee has to be paid. Please find the contact fees of Finora Capital OÜ from the price list.
Final interest rate assigned on the loan agreement and fixed for all loan period.
Your loan application will be answered in a day

LOAN EXAMPLE:

The cost of credit is 16,53% in a year with following conditions of the example:

Loan amount 5000 euro;
Loan period 10 years;
Agreement fee 75 euro;
Interest rate 15% a year;
Monthly payment 80,67 euro.

The cost is calculated with the assumption that monthly annuity payments are used. The gross amount of the credit over 10 year period is 9755,10 euro.

PRICE LIST

AS Finora Capital price list *
Valid from 15.08.2019

LOAN AGREEMENTS RELATED FEES:

Agreement fee	Mortgage loan: starting from 1,5% of the loan amount, no less than 100€ Hire purchase: 25€ Small loan: digital signing 10€, signing in Finora Capital office 25€ Microloan: loan amount up to 5 000 €: 50€, loan amount from 5 000 €: 100€ Overdraft: 15€
Amendment of the agreement	Mortgage loan: 1% of the loan amount, no less than 50€ Hire purchase and Small loan: 1% of the loan amount, no less than 25€ Microloan: extending the term of a loan 50 € Overdraft: extension of loan term 5€ , increase of credit limit 15€
Early repayment fee	Mortgage loan, Hire purchase and Small loan: 1% of early repaid credit amount if the period between the end of the credit contract and early repayment is more than 1 year and 0,5% of early repaid credit is respective period is less than 1 year.

FEES RELATED TO THE BREACH OF AGREEMENT BY THE BORROWER:

Reminder e-mail (first two)	Free of charge
Third reminder (regular mail)	5€
Fine level for delayed payment	Fixed in agreement, as a rule 2 times of the interest rate set in agreement
Delayes in insuring the collateral, delayes in loan repayments or other breaches of client obligations	The interest rate will automatically go up for 3 months by 4%
Initiation of proceeding for debt recovery if more than 3 payments are overdue or overdue period is more than 2 months	30€, if the claim amount is up to 500 € 40€, if the claim amount is 500-1000 € 50€, if the claim amount is over 1000 €

CONVENIENCE SERVICES:

Participation in notary proceedings outside of Tallinn	125€
Insurance of the collateral (insurance payment will be added to the service fee)	25€

OTHER AGREEMENT RELATED COSTS:

In addition to borrowing costs also costs related to insurance and mortgage setting will occur. The size of those costs depend on fees of respective service providers and government set duties. AS Finora Capital has no influnce on the level of those costs.

* fees of services that are taxable with VAT already include VAT

LEASING AGREEMENTS RELATED FEES:

Entry into Full Service Leasing Contract	1,5% of the price of the object of lease, min 79€+ VAT
Contract amendment fee (incl. amendment of contact period, setting up of a grace period, contract reinstatement, release of additional collateral, etc.)	1% of outstanding balance, min 50€+ VAT
Entry into debt contract	1% of outstanding balance, min 50€+ VAT
Monthly contract maintenance fee (included in monthly payment)	1,50€+ VAT
Issue of invoice electronically (to internet bank)	free of charge
Issue of invoice on paper	10€+ VAT
Unattested power of attorney, incl. power of attorney for the Road Administration for amendment of register entry**	10€+ VAT
Notarised power of attorney	100€+ VAT
Reminder about delayed full service leasing payments	10€+ VAT
Fee for sending notice of cancellation by e-mail or post (in the case of debt)	25€+ VAT, plus any expenses incurred
Contractual penalty for violation of obligations set out in contract	up to 20% of the acquisition cost of the Object of Lease plus VAT
Processing a claim arising from a violation of parking rules, traffic regulations or other law	25€+ VAT, plus any expenses incurred
Consent for sublease of the property	35€+ VAT
Confirmation of balance notice submitted by a client	free of charge
Preparation of balance notice on client’s request	15€+ VAT
Issue of a certificate, consent, contract copy or duplicate invoice (older than one month) on client's request	10€+ VAT
Processing claims regarding vehicle towing costs	50€+ VAT, plus any expenses incurred
Early termination of the leasing contract	According to the general terms and conditions of the leasing contract
Default interest	0,25% a day
Contractual penalty for untimely return of Property	1% of the price of the object of lease, min 50€+ VAT for each day of delay
Cancellation/amendment of Property buy-out invoice on client's request	10€+ VAT

* *The first power of attorney upon the expiry/early termination of the leasing contract is free of charge

Mortgage loan

GENERAL PRINCIPLES

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Personal information

The nature and location of the collateral

The loan amount and period

Consumer Information

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Consumer Information

Laenu taotlemine

About us

For Investors