Mortgage loan

Great value! Receive a lower rate on the fixed portion of your interest for the first 12 months if you submit a new loan application from 01.04 – 30.06.2024.1

Pāris ievācas jaunajās mājās
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Up to 95% financing with ALTUM guarantee

Receive an individually-calculated rate.

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Remote application

Get the initial offer in one business day.

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Free insurance

Sign a mortgage loan and receive free home insurance for your pledged property for 1 year.

Mortgage interest payment compensation for existing borrowers

In accordance with amendments to the Consumer Rights Protection Law, borrowers with a mortgage who comply with the criteria set out in the law will receive compensation for the interest payments they make in 2024. Read more here.

Mortgage calculator

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1 year
30 years
+ Free home insurance
800.00 EUR
Monthly payment
136 343.56 EUR
Loan amount
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The calculations made using the calculator are of an informative nature and each client's situation is assessed individually.

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1 year
30 years
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More on ALTUM guarantee Both families with children and young professionals can receive ALTUM financial support
Loan amount: 51 000.00  EUR
Total amount payable: 108 387.40 EUR
Annual percentage rate (APR): 6.08 %
+ Free home insurance
299.24 EUR
Monthly payment
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* Fixed margin + 6m Euribor
The calculations made using the calculator are of an informative nature and each client's situation is assessed individually.

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Home purchase consultations

Receive answers to all your questions regarding purchasing or building a home, and discover the mortgage options open to you based on your situation.

Apply for a consultation

Loan options


  • Home loan with financing of up to 85%.
  • Term of up to 30 years.
  • Loan amount from 20 000 EUR.
  • Option to apply for a grace period for up to 12 months.
Loan options
  • Construction loan with financing of up to 85%.
  • Term of up to 30 years.
  • Loan amount from 50 000 EUR.
  • House must be liveable within 24 months.
Loan options

Loan with collateral is for various goals – use the loan for home renovations, purchasing a summer house, building a sauna or deck, or even starting a business. Whatever the purpose of your loan, we can help you achieve it.

  • Financing of up to 75% of the market value of your property.
  • Loan sum from 20 000 EUR.
  • Loan term of up to 20 years.
  • Option of delaying payments on the base loan sum for 6 months.
  • Free insurance for the pledged property for the first year of the loan agreement. Read more here.
Loan options
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New home projects

Have a look and choose your future home! When you purchase a home in a new project in Riga or elsewhere, you can receive a loan with special terms.

  • For apartments in several new projects, a property valuation is not necessary.
  • For the first year of your mortgage contract, your pledged property is insured for free.
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ALTUM support programs

Reduce your deposit when you buy or build a house using one of ALTUM’s support programs.

Families with children

ALTUM guarantee for families looking after children aged up to 23 (inclusive), and those who are expecting a child, for the purchase or construction of a home, if the transaction does not exceed 300 000 EUR.

Loan and guarantee terms and condition

  • The guarantee amount depends on the number of children in the family, including the child they are expecting, and the location of the home.
    If the home is located in the administrative territories of Jūrmala, Riga, the regions adjacent to Riga (Mārupe, Olaine, Ķekava, Salaspils, Ropaži and Ādaži regions), the guanratee amount is as follows:
    • 5–10% of the loan amount and no more than 10 000 EUR, if there is one child in the family (or a pregnancy);
    • 5–15% of the loan amount and no more than 15 000 EUR, if there are two children in the family (or at least one child and a pregnancy);
    • 5–20% of the loan amount and no more than 20 000 EUR, if there are three children in the family (or at least two children and a pregnancy);
    • 5–30% of the loan amount and no more than 30 000 EUR, if there are four children in the family (or at least three children and a pregnancy).

    If the home is located outside of Jūrmala, Riga and the regions adjacent to Riga:
    • 5–30% of the loan amount and no more than 30 000 EUR, if there is one child in the family (or a pregnancy);
    • 5–40% of the loan amount and no more than 40 000 EUR, if there are two children in the family (or at least one child and a pregnancy);
    • 5–50% of the loan amount and no more than 50 000 EUR, if there are three children in the family (or at least two children and a pregnancy).

  • If you plan on purchasing a Class A energy efficient home or a nearly zero-energy building, the guarantee can be increased by 5%.
  • Bank financing of up to 95% when purchasing a home (up to 90% for house construction loan).

Benefits of the ALTUM support program

  • Government fee for registering the property in the Land Registry: 0.5% of the purchase price.
  • Registering the mortgage in the Land Registry: free.
  • Families can receive the guarantee multiple times as long as the previous guarantee is not valid.

More on ALTUM

Young specialists

An ALTUM guarantee for professionals with higher or secondary professional education up to 35 years of age for the purchase or construction of a home.

Loan and guarantee terms and conditions

  • A guarantee of up to 20% of the loan amount, but no more than 50 000 EUR.
  • Bank financing of up to 95% when you purchase a home (up to 90% for a construction loan).
  • The guarantee can be received multiple times as long as the previous guarantee is not valid.

More on ALTUM

National Armed Forces service personnel

ALTUM guarantee for Latvian National Armed Forces soldiers for the purchase or construction of a home, if the transaction does not exceed 300 000 EUR.

Loan and guarantee terms and conditions

  • The guarantee is for 25% of the loan amount, but no more than 20 000 EUR.
  • Bank financing of up to 95% when purchasing a home (up to 90% for a construction loan).

Benefits of the ALTUM support program

  • Government fee for registering the property in the Land Registry: 0.5% of the purchase price.
  • Registering the mortgage in the Land Registry: free.
  • The guarantee can be received multiple times as long as the previous guarantee is not valid.

More on ALTUM

Subsidy Balsts

Subsidy Balsts is a one-time state support subsidy to reduce the deposit amount for the purchase or construction of a home for families with children in various situations, if the transaction sum does not exceed 300 000 EUR.

Terms

  • Subsidy amount
    Families with children
    • 8000 EUR, if there are at least three children in the family (or at least two and pregnant with a third);
    • 10 000 EUR, if there are at least three children in the family (or at least two and pregnant with a third) and the home to be purchased/built complies with the requirements of nearly zero-energy buildings;
    • 10 000 EUR, if there are at least four children in the family (or at least three and pregnant with a fourth);
    • 12 000 EUR, if there are at least four children in the family (or at least three and pregnant with a fourth) and the home to be purchased/built complies with the requirements of nearly zero-energy buildings.

Read more

  • Families with disabled children
    Families living with and caring for at least one disabled child or an adult under the age of 24 with a category I or II disability.
    • 8000 EUR or 10 000 EUR, if the home to be purchased/built complies with the requirements of nearly zero-energy buildings.
  • A bank loan is taken out for the purchase of the home.
  • The subsidy recipient does not own another residential space (house, apartment, summer house).
  • The family’s total income per family member in the previous year does not exceed 17 000 EUR (gross).
  • The subsidy recipient has been a Latvian taxpayer for the past 12 months.
  • The subsidy does not exceed 50% of the transaction sum.
  • The recipient has not received the subsidy previously.

Read more

3 steps to purchasing a home

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Fill in the application

Receive an offer within 24 hours.
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Wait for a decision

Submit a property valuation and receive a decision which matches your aims and collateral.
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Receive financing

Sign the contracts, register your collateral in the Land Registry, and receive your loan.
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Fill in the application

Receive an offer within 24 hours.
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Wait for a decision

Submit a property valuation and receive a decision which matches your aims and collateral.
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Receive financing

Sign the contracts, register your collateral in the Land Registry, and receive your loan.

Ready to apply?

Log in to Citadele online bank. Not a Citadele customer? Log in using Smart-ID or e-signature!
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Great-value offers

If you have a Citadele mortgage, we can offer a loan or credit card limit with a better fixed interest rate.

  • Consumer loan, small home loan, card credit limit: 7.9% - 9.9%.2
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Insurance options


+ Great value!
  • When you sign a mortgage loan with Citadele, you will receive free home insurance on your pledged property for the first year of your contract.
  • The insurance also includes moveable property insurance up to 5000 EUR and civil liability insurance up to 1000 EUR, if your mortgage is for a residential property.

Insurance provided by AAS BTA Baltic Insurance Company in collaboration with Citadele.

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Take the opportunity to apply for life insurance with AAS CBL Life, and ensure your future has a few less worries.

  • Insure your life for the sum of your mortgage. That way, you can be sure that, should you die, your loved ones will not have to worry about repaying a loan. If you wish, you can also be insured for a larger sum.
  • You can also insure the life of the mortgage guarantor and co-borrower for the sum of the mortgage.
Learn more

Service provided by Citadele subsidiary AAS CBL Life.

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Want to apply?

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Log in to the Citadele online bank. Not a Citadele customer? Log in using Smart-ID or e-signature!
Apply for a loan

Didn’t find the answer to your question?

Visit our interactive assistant and find the information you need

Interactive assistant
What is a loan with collateral, and what is it for?

A loan using your property as collateral is a loan for anyone who already owns property — an apartment or house. The property is used as the guarantee for the loan.

A loan with collateral allows you to obtain money for home renovations, buying a car or starting a business.

How do I apply for and receive a mortgage?

To apply for a mortgage, you must submit a loan application. This can be done on our website under Loans and Leasing > Mortgage loan, or in person at a Citadele branch.

What are the steps towards receiving a mortgage?

  1. The customer fills in the application.
  2. The bank prepares a provisional offer.
  3. The customer submits the additional documents we ask for (for example, a property valuation — the list of our approved property appraisers is on our website).
  4. The bank confirms its decision on issuing a loan and any ALTUM guarantee.
  5. The customer signs a loan agreement and other documents at the bank.
  6. The customer signs the necessary documents with a notary and submits them to the land registry.
  7. After the mortgage is registered in the land registry and all necessary documents have been submitted to the bank, the loan is issued.

When should I add a co-borrower?

There are times when you can only take out a mortgage loan with the help of a co-borrower. The co-borrower can be your spouse, partner, or other close person or relative.

How do I fill in a mortgage application?

To find out the amount you can borrow, visit our website under Loans and leasing > Mortgage loan to fill in the mortgage loan calculator and find out how much you could receive as a loan. 
To fill in a mortgage loan application, select Apply for a loan and log in with one of our authorisation tools.
Fill in the necessary fields on the application and enter your personal information and any current loans. If you meet the criteria for any Altum programme, the offer we send you will automatically contain an Altum offer.

After submitting an application, a notification will show up on screen telling you that your application is being processed and a provisional offer is being prepared. You will also receive this message by email.

If you do not have any of the aforementioned authorisation devices, and you cannot submit an application electronically, please visit any Citadele branch  and fill in a mortgage application in person. In this case, please remember that your account statement showing your income for the past six months must be saved in your private email drafts. During the meeting, you will email it to a Citadele service specialist.

What is an Annual Percentage Rate (APR)?

The annual percentage rate (APR) is the total cost of a loan expressed as an annual percentage of the total loan amount. It is used so that consumers can compare loan offers from different credit institutions.

The total cost includes the interest charged for use of the loan; one-time fees like application fees, account-opening fees and service fees (if applicable); ALTUM guarantee fees (if the transaction includes an ALTUM guarantee); state and institution fees for registering a mortgage; and regular expenses such as insuring the collateral (property) and other known or assumed expenses.

APR is calculated in accordance with the formula and terms set out in Cabinet Regulation No. 691, Regulations Regarding Consumer Credit, adopted 25.10.2016, to determine the current value or total cost of all existing or future obligations (amount of loan issued, fees and expenses) to which the lender and consumer have agreed. When calculating APR, it is assumed that the loan agreement is in force from the day it is signed to the day of the final payment; the loan is paid out in a single payment on the day the agreement is signed; the interest rate in force on the day the agreement is signed remains in force for the entire term of the agreement; and the consumer fulfils their obligations in the manner and time limits set out in the agreement.

APR is calculated on behalf of the borrower, who is seen as the consumer in the eyes of applicable legislation. It is for the consumer’s information only, and is not recalculated over the course of the loan agreement’s term, including in cases when the figures, fees and interest rates therein change.

How do I find out who my loan specialist is?

To find out the name and phone number of your loan specialist, please call +371 6701 0000.

What is a mortgage loan and what is it for?

A mortgage is a long-term loan which can be taken out for the purchase of an apartment, house or piece of land, or for the construction of a home.

If you already own real estate, you can mortgage it to the bank and use the loan for your needs.

More questions
What is a loan with collateral, and what is it for?

A loan using your property as collateral is a loan for anyone who already owns property — an apartment or house. The property is used as the guarantee for the loan.

A loan with collateral allows you to obtain money for home renovations, buying a car or starting a business.

How do I apply for and receive a mortgage?

To apply for a mortgage, you must submit a loan application. This can be done on our website under Loans and Leasing > Mortgage loan, or in person at a Citadele branch.

What are the steps towards receiving a mortgage?

  1. The customer fills in the application.
  2. The bank prepares a provisional offer.
  3. The customer submits the additional documents we ask for (for example, a property valuation — the list of our approved property appraisers is on our website).
  4. The bank confirms its decision on issuing a loan and any ALTUM guarantee.
  5. The customer signs a loan agreement and other documents at the bank.
  6. The customer signs the necessary documents with a notary and submits them to the land registry.
  7. After the mortgage is registered in the land registry and all necessary documents have been submitted to the bank, the loan is issued.

When should I add a co-borrower?

There are times when you can only take out a mortgage loan with the help of a co-borrower. The co-borrower can be your spouse, partner, or other close person or relative.

How do I fill in a mortgage application?

To find out the amount you can borrow, visit our website under Loans and leasing > Mortgage loan to fill in the mortgage loan calculator and find out how much you could receive as a loan. 
To fill in a mortgage loan application, select Apply for a loan and log in with one of our authorisation tools.
Fill in the necessary fields on the application and enter your personal information and any current loans. If you meet the criteria for any Altum programme, the offer we send you will automatically contain an Altum offer.

After submitting an application, a notification will show up on screen telling you that your application is being processed and a provisional offer is being prepared. You will also receive this message by email.

If you do not have any of the aforementioned authorisation devices, and you cannot submit an application electronically, please visit any Citadele branch  and fill in a mortgage application in person. In this case, please remember that your account statement showing your income for the past six months must be saved in your private email drafts. During the meeting, you will email it to a Citadele service specialist.

What is an Annual Percentage Rate (APR)?

The annual percentage rate (APR) is the total cost of a loan expressed as an annual percentage of the total loan amount. It is used so that consumers can compare loan offers from different credit institutions.

The total cost includes the interest charged for use of the loan; one-time fees like application fees, account-opening fees and service fees (if applicable); ALTUM guarantee fees (if the transaction includes an ALTUM guarantee); state and institution fees for registering a mortgage; and regular expenses such as insuring the collateral (property) and other known or assumed expenses.

APR is calculated in accordance with the formula and terms set out in Cabinet Regulation No. 691, Regulations Regarding Consumer Credit, adopted 25.10.2016, to determine the current value or total cost of all existing or future obligations (amount of loan issued, fees and expenses) to which the lender and consumer have agreed. When calculating APR, it is assumed that the loan agreement is in force from the day it is signed to the day of the final payment; the loan is paid out in a single payment on the day the agreement is signed; the interest rate in force on the day the agreement is signed remains in force for the entire term of the agreement; and the consumer fulfils their obligations in the manner and time limits set out in the agreement.

APR is calculated on behalf of the borrower, who is seen as the consumer in the eyes of applicable legislation. It is for the consumer’s information only, and is not recalculated over the course of the loan agreement’s term, including in cases when the figures, fees and interest rates therein change.

How do I find out who my loan specialist is?

To find out the name and phone number of your loan specialist, please call +371 6701 0000.

What is a mortgage loan and what is it for?

A mortgage is a long-term loan which can be taken out for the purchase of an apartment, house or piece of land, or for the construction of a home.

If you already own real estate, you can mortgage it to the bank and use the loan for your needs.

More opportunities

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Consumer loan

Financing of up to 20 000 EUR to help with your plans. With no deposit, collateral and security.
Learn more
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Green mortgage loan

For financing green homes at great-value loan terms. Financing up to 95% with ALTUM guarantee.
Learn more
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Loan for the purchase of building land

Financing of up to 60% with an individually-calculated interest rate. Apply and receive an offer by email.
Learn more
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Small home loan

Financing up to 20 000 EUR for purchasing, renovating or furnishing. With no deposit, collateral and security.
Learn more
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Home energy efficiency loan

A personally-calculated offer for up to 20 000 EUR. With no deposit, collateral and security.
Learn more

1Example: if you take out a 30-year loan secured by a real estate mortgage for 80 000 EUR with an interest rate per year of 1.69% + 6-month EURIBOR (for the purposes of this calculation, we have used the 6-month EURIBOR rate as of 12.04.2024., which is 3.865%), then your monthly payment is 457.00 EUR (for a total of 360 payments). APR 6.06%. The total amount to be paid by the customer (including repaying the loan, interest payments, a 800.00 EUR commission fee for processing the loan, a government fee of 0.1% of the mortgage sum for registering the loan in the land registry, and the annual insurance premium for the mortgaged property (assuming that it is 100 EUR starting from the second year after signing the loan agreement)) is 169 447.09 EUR. Borrow responsibly, and consider your ability to repay the loan.
2 Presuming the loan interest rate is 7.9% per year, the total loan amount is 5000 EUR, the loan agreement is for 48 months, the commission fee is 100 EUR, and the Annual Percentage Rate (APR) is 9.44%, the total amount the customer would have to repay is 5960.32 EUR, and the monthly repayment amount is 122.09 EUR. Example for a credit card: Annual Percentage Rate (APR) 14.76%, assuming that the credit limit is 1500 EUR and the interest rate is 9.9%.