Energy efficiency loan

The Energy efficiency loan is a type of financing specifically designed to support the adoption of green or sustainable energy solutions in your home. The Energy efficiency loan can be used to finance a wide range of projects focused on improving energy efficiency and using renewable energy sources. For example, if you plan to insulate your house, replace windows, install a more efficient heating or ventilation system, or install solar panels, the Energy efficiency loan is the right choice. The Inbank Energy efficiency loan offers flexible repayment terms and competitive interest rates to meet your financial needs.

The Energy efficiency loan is available for amounts from €2,000 to €30,000, with a repayment term from 6 to 120 months. The loan requires no down payment or collateral. You can easily apply for the loan remotely. You will receive an answer to your application within a few minutes. After approval, you can also sign the contract remotely in the way most convenient for you - using Smart-ID or an electronic signature.

Interest rates depend on the desired amount, term and your credit profile. The interest rate for the Energy efficiency loan consists of two parts - a fixed rate and a variable rate (6-month EURIBOR), calculated on the outstanding loan balance. If EURIBOR changes, we will prepare a new payment schedule for you. A negative EURIBOR value is always considered to be zero. To find out your interest rate, please fill in the application; it will only take a few minutes.

Applicants must be Latvian citizens or residence permit holders who are at least 21 years old and have regular monthly income and a permanent job. You cannot have late payments or outstanding debt liabilities. You must have an open current account in one of the Latvian banks, a valid identity document issued in the Republic of Latvia, and a valid mobile phone number and email address.

The loan amount you can borrow depends on several factors, such as your creditworthiness, current income, ability to repay the loan, and other existing credit obligations. We offer a range of loan amounts to accommodate various needs. During the application process, you can specify the amount you wish to borrow, and we'll do our best to tailor the loan to your requirements.

Our Energy efficiency loan comes with flexible repayment terms. The repayment period can vary based on the loan amount and your preferences. We offer various repayment options, ranging from 6 months to several years. Our Customer Support can help you determine a suitable repayment schedule that aligns with your financial capabilities.

Applying for the Energy efficiency loan with us is easy and convenient. You can start the application process online by specifying the desired amount and term in the calculator. We'll ask for some personal and financial information to assess your eligibility.

To receive a loan, you need to submit a bank account statement for the last 6 months. This can be easily done using the secure integrated form in the application, where you give your consent to submit the account statement automatically. You can also add it as an attachment in PDF format during the application process, including all incoming and outgoing payments.

If you are a resident of Latvia employed abroad, you must submit an account statement for the last 12 months (if your salary was received in a foreign account) and/or submit a statement from the tax administration regarding the payment of state taxes for the last taxation year.

When using the Energy efficiency loan, keep the purchase documents, as Inbank may request them to ensure that the loan is used for its intended purpose.

You will receive the money to your personal bank account not later than the next working day.

You will receive the payment schedule with your contract. We will send you friendly reminder before each payment. You can always check your loan balance by logging in your Inbank customer profile.

Full early repayment of loan is free of charge. Email shall be sent to info@inbank.lv, indicating your personal data, agreement number and the date, on which full loan repayment is planned.

If you have lost your job or will not be able to fulfil your liabilities due to any other reasons – immediately contact our Customer Service to agree on the most suitable solution. Each situation is assessed individually. For us to assess your situation, an email shall be sent to info@inbank.lv, indicating your personal data, agreement number and the reasons for not being able to make payments in a timely manner.

Yes, you can change the date of monthly payment. To apply for these changes, an email shall be sent to info@inbank.lv, indicating your personal data, agreement number and changes you wish to make. The amendments to the agreement are made according to the pricelist.