Because of the increase in foreign investments in Latvia, the list of bank services for non-residents has grown significantly, and the process for obtaining a loan has become more accessible and simplified.

Terms and conditions:
- Minimal loan sum: EUR 20 000, the USD equivalent;
- Loan sum – up to 75% of the collateral market value, performed by company accepted by bank (incase of real estate purchase);
- Loan term – up to 20 years (in case of real estate purchase);
- Interest rate for use of the loan – starting from 4,65% + 6M Euribor/USD Libor;
- Commission for the execution of a new mortgage loan – 1,5-2% of the loan sum;
- Commission for the execution of an escrow account – from EUR 71,-
Necessary documents for loan applications:
- A bank customer’s form, a loan application, and an application for opening a current account;
- Income documents: a document confirming your income, such as an NDFL2 form, bank account statements for the last 6 months,
and a certificate from your place of employment; - A valuation of the property to be purchased by the company agreed with the bank;
- Other documents may also be required: completed form of Application for Guarantee acceptance, draft of the Purchase agreement
or Letter of intent.