https://www.citadele.lv/en/private/home-energy-efficiency

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Home energy efficiency loan up to 20 000 EUR | Citadele Bank
https://www.citadele.lv/en/private/home-energy-efficiency

Home energy efficiency loan

A loan for purchasing and installing solar panels, a heat pump, or changing your home heating system

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Cheaper online

No processing fee when you sign the agreement in our mobile app 01.08.-30.09.2022*

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Personally-calculated offer

Apply online and receive an offer within 10 minutes, even if you are not Citadele bank customer

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Up to 20 000 EUR in financing

Set a term of up to 7 years and interest rate from 5.9 % per year,* with no collateral

What is this loan for?

Make your home energy efficient and environmentally friendly by choosing the best option for your situation. You can receive a loan for the following:

  • Purchasing and installing solar panels
  • Purchasing and installing a heat pump
  • Purchasing and installing a biomass boiler (wood pellet boiler)
  • Changing your heating system
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Loan terms

  • The loan is intended for the personal needs of private individuals
  • From 1000 to 20 000 EUR with an interest rate of 5.9 % per year*
  • A loan term between 12 and 84 months, with no collateral or security
  • GREAT VALUE! No processing fee when you sign the agreement via our mobile app 01.08.-30.09.2022*
  • Repay before term at no additional cost
Apply

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Calculator

1000 EUR
20 000 EUR
12 months
84 months
Annual percentage rate (APR): 6.16 %
Commission fee: 0.00 EUR
Interest rate: 5.90 %
Total loan amount: 11 835.84 EUR
Monthly payment
246.58 EUR
Payments schedule
The calculator is for your information only, and each customer’s situation is evaluated individually.

Loan application process

  • Select the most suitable energy efficiency improvement solution for you. When you buy chosen system be sure that retailers are offering European Union certified purchase and installation
  • Decide how much you need for a loan
  • Fill in a loan application online and receive an offer within 10 minutes
  • Sign a loan agreement and the money will be paid into your bank account within just a few minutes
  • Pay the service provider and arrange system installation
  • You must purchase and install your solar panels, a heat pump, a biomass boiler or change your heating system within 3 months of signing the loan agreement

Didn’t find the answer to your question?

Visit our interactive assistant and find the information you need

Interactive assistant
Can I receive a loan if my income is paid into a different bank account?

Yes, you can receive an unsecured loan regardless of which bank your monthly wages are paid into, and even if you are not a Citadele customer.

Can I receive a loan if I have no official income?

Citadele encourages responsible borrowing, so if you have no official income, we will be unable to issue a loan to you.

Can I repay my loan early, and does this come at an additional cost?

Yes, at any time and without additional fees you may repay your loan in full early by submitting an order for the early repayment of your loan through the online bank or at any branch.

Will my monthly loan payments be deducted automatically?

Monthly payments will be deducted from your Citadele account automatically, so you must ensure that you have sufficient funds in your account on the date the payment is taken.

What should I do if, for serious reasons, I am having difficulty making payments on an unsecured loan?

If serious complications have arisen regarding the repayment of your loan, and you are no longer able to continue making scheduled payments as stipulated in your loan agreement, we offer restructuring for your current loans by signing an agreement on loan repayment.

To apply to restructure your unsecured loan, please fill in an application here. We will evaluate each application individually, and after processing your application we will send our decision to your email address and via SMS. If we decide in the affirmative, you will have to sign a new agreement in the online bank. On signing, your previous agreement is voided.

Submit additional documents

There are cases when we need more documents in order to make a decision. Information on what we need can be viewed in the online bank or website under My Applications

The most comment type of document we ask for is your account statement, loan repayment schedules or statements from the State Revenue Service. 
To make a decision, we may request one or more documents. 
Usually, a decision is made within 10 minutes of submitting (uploading) the document.

How do I obtain documents from the State Social Insurance Agency (VSAA) or State Revenue Service (VID), if the bank has requested them?

By using the aforementioned online services, you can obtain the documents you need for free.

If you are having difficulties obtaining any of these documents, or you have any additional questions, please contact the respective service provider, for example, VSAA.
 

Car loan or leasing: which should I choose?

To purchase your chosen car, you can select one of the loan types we offer: car loan or leasing.

Car loan is suitable for purchasing a used or lightly used car. A deposit and car valuation is not required, and CASCO insurance is not compulsory. After purchasing the car, you must register it with CSDD to your name. You can apply for a car loan here.

Leasing is suitable for purchasing a new or lightly used car. It is available for financing from 5000 EUR and has a lower interest rate than a car loan. When you complete the transaction, the owner in the car’s registration documents is SIA Citadele Leasing, while you are listed as the operator. You can apply for leasing here.

More questions
Can I receive a loan if my income is paid into a different bank account?

Yes, you can receive an unsecured loan regardless of which bank your monthly wages are paid into, and even if you are not a Citadele customer.

Can I receive a loan if I have no official income?

Citadele encourages responsible borrowing, so if you have no official income, we will be unable to issue a loan to you.

Can I repay my loan early, and does this come at an additional cost?

Yes, at any time and without additional fees you may repay your loan in full early by submitting an order for the early repayment of your loan through the online bank or at any branch.

Will my monthly loan payments be deducted automatically?

Monthly payments will be deducted from your Citadele account automatically, so you must ensure that you have sufficient funds in your account on the date the payment is taken.

What should I do if, for serious reasons, I am having difficulty making payments on an unsecured loan?

If serious complications have arisen regarding the repayment of your loan, and you are no longer able to continue making scheduled payments as stipulated in your loan agreement, we offer restructuring for your current loans by signing an agreement on loan repayment.

To apply to restructure your unsecured loan, please fill in an application here. We will evaluate each application individually, and after processing your application we will send our decision to your email address and via SMS. If we decide in the affirmative, you will have to sign a new agreement in the online bank. On signing, your previous agreement is voided.

Submit additional documents

There are cases when we need more documents in order to make a decision. Information on what we need can be viewed in the online bank or website under My Applications

The most comment type of document we ask for is your account statement, loan repayment schedules or statements from the State Revenue Service. 
To make a decision, we may request one or more documents. 
Usually, a decision is made within 10 minutes of submitting (uploading) the document.

How do I obtain documents from the State Social Insurance Agency (VSAA) or State Revenue Service (VID), if the bank has requested them?

By using the aforementioned online services, you can obtain the documents you need for free.

If you are having difficulties obtaining any of these documents, or you have any additional questions, please contact the respective service provider, for example, VSAA.
 

Car loan or leasing: which should I choose?

To purchase your chosen car, you can select one of the loan types we offer: car loan or leasing.

Car loan is suitable for purchasing a used or lightly used car. A deposit and car valuation is not required, and CASCO insurance is not compulsory. After purchasing the car, you must register it with CSDD to your name. You can apply for a car loan here.

Leasing is suitable for purchasing a new or lightly used car. It is available for financing from 5000 EUR and has a lower interest rate than a car loan. When you complete the transaction, the owner in the car’s registration documents is SIA Citadele Leasing, while you are listed as the operator. You can apply for leasing here.

More opportunities

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Consumer loan

Financing of up to 20 000 EUR to help with your plans. Apply and receive an answer within 10 minutes.
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Small home loan

Financing up to 20 000 EUR for purchasing, renovating or furnishing. Apply and receive an answer within 10 minutes.
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X supreme and X prime

Always available additional funding, extensive travel and purchase insurance and discounts both in Latvia and abroad.
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Loan with collateral

Financing of up to 75 % of the market value of your residential property for any aim. Apply and receive an offer by email.
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Mortgage loan

Financing with an ALTUM guarantee of up to 95 % for your house, apartment, construction or ambitious renovations.
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* Example: if your interest rate is 5.9 % per year, your total loan amount is 5000 EUR, your loan term is 60 months, your commission fee is 0 EUR, your Annual Percentage Rate (APR) is 6.17 %, then the total to be repaid for the loan is 5799.60 EUR and the monthly repayment sum is 96.66 EUR.