Lower monthly payment
Thanks to a more favourable interest rate.
Pay less for your home – refinance your mortgage
Transfer your loan from another bank and benefit from better interest rates, lower monthly payments, or a longer repayment term.
Service overview
What is mortgage refinancing?
Mortgage refinancing means transferring your existing loan from another bank to ours. By refinancing, you may benefit from a lower interest rate, reduce your monthly payment, or extend the repayment term. You may also receive additional financing if your property value has increased.
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Additional financing
Borrow more if your property value has increased.
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Simple transfer process
Our specialists will support you from start to finish.
Calculator
Explore your potential savings
Fill in the information about the mortgage you want to refinance.
Additional information
Refinancing requirements
Age
From 18 up to 70 years at the end of the loan repayment period.
The loan term and conditions are determined individually, taking into account the client’s age, income sustainability, and ability to repay the loan over the repayment period.
Income
Regular and verifiable income ensuring the ability to meet loan obligations.
Minimum net income:
from EUR 780 per month – for a single applicant
from EUR 1,500 per month (combined) – when applying with a co-borrower
Existing loan obligations
Refinancing is available to clients with an active home loan at another bank or financial institution. The loan must have a positive repayment history with no significant delays.
Collateral
The loan is secured by real estate in Latvia. An up-to-date property valuation is required.
Application process
How does it work?
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01
Submit an application
Include information about your existing mortgage loan.
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02
We assess
Your loan terms and the property value.
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03
If approved
We repay your loan at the other bank.
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04
You continue payments
With new, more favourable terms at BluOr Bank.
Save with mortgage refinancing
Apply online or consult our mortgage specialists to explore your savings options.
Borrow responsibly!
Example:
Additional Costs
Clerical fee for registering changes in the Land Register: 8 EUR
Notary costs: 50 EUR
Property valuation: 200 EUR
Additional information
Collateral: the loan is secured by a mortgage on real estate
Insurance: property insurance is mandatory
Lender: BluOr Bank AS
Loan terms | Sample data | |
|---|---|---|
Loan amount | 100 000 EUR | |
Loan duration | 20 years | |
Interest rate | 1,59% + 6 month EURIBOR (rate as of 18.02.2026., which is 2,159%) | |
APR | 3,84% | |
Monthly payment | 592,84 EUR | |
Number of payments | 240 | |
Total amount payable | 142 538,29 EUR |