Loan for the purchase of land under apartment buildings
Loan
From EUR 10 000 per building
For up to 20 years
Annual interest rate of 29%
Deadline for making a decision on granting a loan - June 30, 2031
Collateral is a commercial pledge on the right of claim against the apartment owners, resulting from transactions the apartment owners and their authorized representative
The loan 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, improvement of their territories and purchase of land designated for apartment buildings.
Documents required to apply
Fill out the loan application at mans.altum.lv and attach the necessary documents.
The loan application must be filled out by an authorized representative, who may only be a legal entity (for example, a housing management company, an association, etc.) and has to attach all the necessary information regarding the apartment owners and transaction structure.