Since 2007 · PTAC licence

Your property working for you

Loans secured by real estate for individuals and businesses — from 9% per year, up to 75% of the property's market value. A decision within one business day on average, and the property remains yours.

Calculate payment Talk to a specialist

Decision in 1 business day on average Up to 75% of market value Payment holiday of up to 6 months

Loan calculator from 9%

Loan amount —

€500 €150,000

Term —

6 mo. 240 mo.

— per month

The calculation is indicative and is not an offer.

Detailed calculation

Representative example: loan of €10,000 for 120 months, fixed interest rate of 9% per year, arrangement fee €215, monthly payment €126.68, annual percentage rate (APR) 9.94%, total amount repayable €15,416.60. Important information

2007

the year we started operating in the Latvian market

2011

PTAC lending licence

1 day

to a decision on average

16,000 m²

of floor space built with our financing

Loan comparison

Choose what suits you

Examples with a rate from 9% per year. A loan specialist will state the exact terms after your application.

For individuals

Loan amount: €30,000
Loan term: 10 years
Interest rate: from 9%

Monthly payment €380.03

Submit an application Learn more

For legal entities

Loan amount: €100,000
Loan term: 10 years
Interest rate: from 9%

Monthly payment €1,266.76

Submit an application Learn more

Self-employed

Loan amount: €50,000
Loan term: 10 years
Interest rate: from 9%

Monthly payment €633.38

Submit an application Learn more

Refinancing

Loan amount: €20,000
Loan term: 15 years
Interest rate: from 9%

Monthly payment €202.85

Submit an application Learn more

The calculation is indicative. Amount — up to 75% of the market value of the property offered as collateral.

Your situation

What do you need the money for?

For any purpose

A car, education, travel, major purchases — a loan secured by a flat, house or land, with flexible repayment.

Learn more 02

Renovation and construction

Home renovation, a terrace, garden, furniture and appliances — or completing an unfinished house.

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Debt consolidation

Several loans, payday loans or utility debts — in one loan with one payment.

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Buying a home

Buying a flat, house or land — a sound financial investment at any time.

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While you sell your property

You need money now, but your property is still being sold — a short-term loan repaid from the sale.

Learn more 06

For businesses

Business development and start-up, development projects, bridge financing and direct investment.

All programmes for businesses

How much can I get

How much can I get against my property?

Enter the approximate value of the property — the calculation will show an indicative amount (up to 75% of the market value) and the monthly payment.

Approximate property value —

€20,000€600,000

Repayment term —

6 mo. 240 mo.

Indicatively, you can get up to — Amounts above €150,000 are assessed individually.

Monthly payment for this amount: —
Interest rate: from 9%

Apply for this amount

The calculation is indicative and is not an offer. The amount is determined by a certified valuer's assessment and your creditworthiness.

How the transaction works

Three steps from application to money in your account.

Application

Fill in the form or call us. A loan specialist will contact you and find out what you need.

Decision and terms

We state the amount, rate, APR and schedule. You see all the figures before signing.

Agreement and payout

We sign the agreement, register the mortgage in the Land Register and transfer the money.

What we accept as collateral

Four types of property. Each is valued by a certified valuer, and the amount depends on the valuation, not on what the property cost when it was bought.

Apartment An apartment in a multi-apartment building — the most common collateral in our practice.

House A private house with the land beneath it. Also eligible if unfinished, with a building permit.

Land A plot of land with boundaries registered in the Land Register.

Commercial property Office, retail and industrial premises under the business programmes.

Frequently asked questions

What people most often ask a loan specialist on the phone.

What amounts do you lend?

The loan amount is up to 75% of the market value of the pledged property. For most programmes we assess the amount individually — it depends on the value of the pledged property and your ability to repay. Some programmes have a limit: the microloan for consolidating obligations — up to €3,000, the Super Payment Holiday programme — up to €12,000, starting a business — up to €100,000.

How long does it take to review an application?

The average decision time per agreement is one business day.

What is the interest rate?

The loan interest rate is from 9% per year. Representative example: a loan of €10,000 over 120 months at a fixed interest rate of 9% per year, arrangement fee €215, monthly payment €126.68, APR 9.94%, total amount payable €15,416.60. The rate for the microloan for consolidating obligations is 4% per year. The credit specialist will state the exact terms before the agreement is signed.

Do I lose the rights to my property when I pledge it?

No. All of Grand Credit's activities are strictly regulated by the laws in force in the Republic of Latvia, so the borrower or the owner of the pledged property retains ownership. All original documents and certificates remain with the borrower.

What restrictions are imposed and what do they cover?

After the loan agreement is signed, a mortgage is registered in the Land Register, together with a prohibition on selling, donating, dividing or encumbering the property with property rights without Grand Credit's consent.

All questions and answers

Need help choosing a loan?

Leave your number — a loan specialist will call you and explain free of charge which programme suits your situation and what it will cost.

or call free of charge 80000688