Altum-Services-Individuals-Loan for renovation of apartment buildings

Loan for renovation of apartment buildings

Loan for renovation works in apartment buildings, renewal and reconstruction of engineering systems, improvement of surrounding areas, and financing of project-related services and technical documentation.

Loan

From EUR 10,000 per building

For up to 20 years

1.75% + the variable interest rate of the Treasury loan for a 7-year term + 6-month EURIBOR*

Deadline for making a decision on granting a loan – June 30, 2031

The collateral is a commercial pledge over claim rights against apartment owners or other equivalent collateral acceptable to ALTUM. For homeowners, the renovated property financed by the loan or other equivalent collateral acceptable to ALTUM

* The annual interest rate is the aggregate of all applicable components. Please see the price list for the DME 3 and DMR/DMZ programmes here.

The aid is provided as de minimis aid in accordance with Commission Regulation (EU) No.2023/2831. The programme is subject to Cabinet Regulation No. 481 of 06.07.2021, Conditions of the Support Programme for Construction Works in Apartment Buildings and Beautification of Adjacent Areas.

Documents required to apply

Fill out the loan application at mans.altum.lv and attach the necessary documents.

The loan application must be submitted by the community of apartment owners, the building owner, or their authorized representative. The application shall include all required information and supporting documents relating to the borrowers, apartment owners (where applicable), and the planned construction works.