Loan for the purchase of land under apartment buildings
Loan
From EUR 10 000 per building
For up to 20 years
Annual interest rate 2.9% or variable interest rate*
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
* The total variable interest rate consists of 1.75%, the variable interest rate of the Treasury loan for a 7-year loan term, and the 6‑month EURIBOR. Please see the price list for the DME 3 and DMR/DMZ programmes here.
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 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.