General information about
Loan for property purchase without collateral
INFORMATION ABOUT THE SERVICE PROVIDER
Name: AS DNB banka
Unified reg. No.:40003024725
Registered address: Skanstes iela 12, Riga, LV-1013
Lending services are accessible through all the bank’s branches.
ELIGIBLE LOAN OBJECTIVES
Real estate acquisition
LOAN COLLATERAL
Surety (depending on the customer’s creditworthiness)
Financial pledge on assets deposited in accounts with the bank DNB
OFFERED MATURITIES
Minimum loan repayment period is 6 months.
Maximum repayment period for loans below EUR 2,000 is 2 years, while for loans amounting to EUR 2,000 and more the maximum repayment period is 5 years.
INTEREST RATE
Fixed interest rate over the entire loan repayment period.
Interest rate is set on individual basis and depends on the loan amount, your income, prior cooperation with the Bank, credit history and other individual criteria.
LOAN CURRENCY
The Bank offers this type of loan in EUR currency to the customers whose income is denominated in euro.
EXAMPLE OF TOTAL OUTLAYS UNDERLYING A LOAN
For example, on a loan of EUR 6,000 for 5 years with fixed interest rate of 8 % p.a. and the up-front fee of 1% of the loan amount, AIR (annual interest rate) would amount
to 8.77 % and the total amount paid by maturity - to EUR 7,360.78.
Entering into the loan agreement may entail additional costs for the means of identification required to use the Bank’s online banking solution, if you are not yet the user
of DNB Internet-bank. The above costs are not included in the example.
Data displayed in this example is informative only. The Bank’s offer may differ on individual basis.
LOAN REPAYMENT OPTIONS
Loan repayment is made on monthly basis according to a schedule, which is drawn under the annuity method, which means that the totality of the loan principal instalment
and the interest on loan portion shall be equal over the entire loan repayment period.
The anticipated amount and number of monthly payments you may find out by using the Credit Calculator on the Bank’s website.
EARLY LOAN REPAYMENT OPTIONS
You are free to repay the loan or any potion thereof before the due date. In this case there are no indemnities for early repayment of obligations to the Bank.
FURTHER SERVICES
You will be obligated to maintain a current account and Internet-bank with the bank DNB over the entire effective period of the agreement.
CONSEQUENCES OF DEFAULT
n case of an overdue payment you may incur a penalty and/or interest on arrears. In case of protracted or repeated default the bank may request early repayment of
the entire disbursed loan.
If you experience any difficulties with your monthly payments, you are kindly asked to immediately contact us to find a solution.
In case of default debt collection may be turned to the defaulted obligor’s or surety’s movable or immovable property as well as their income. You may be held liable also for the
official receiver’s expenses.