Baltic · EUR · EurozoneLoans in Latvia: compare current bank rates
5
institutions
10
products
6.50%
personal from
4.75%
mortgage from
Latvia’s lending market combines pan-Baltic banking groups — Swedbank, SEB, Luminor, Citadele — with a growing fintech scene. As a eurozone member, variable-rate loans are priced from EURIBOR plus a margin, and consumer lending is supervised by the Bank of Latvia.
Digital applications are widely available, and Riga’s startup scene has produced several online lenders. Residency and local income remain the practical requirements for most consumer credit.
Current offers in Latvia
Swedbank
BankLVMortgage Loan
🏠 Mortgage4.75%
APR from
up to 7.50%
Loan Range
€15K – €600K
Term
5 yrs – 25 yrs
Representative Example
€10K over 5 yrs = €188/mo · Total: €11,254
at 4.75% APR
Citadele
BankLVMortgage
🏠 Mortgage4.91%
APR from
up to 8.00%
Loan Range
€10K – €400K
Term
5 yrs – 25 yrs
Representative Example
€10K over 5 yrs = €188/mo · Total: €11,298
at 4.91% APR
Citadele
BankLVPersonal Loan
👤 Personal Loan6.50%
APR from
up to 28.90%
Loan Range
€300 – €20K
Term
6 mo – 8 yrs
Representative Example
€10K over 5 yrs = €196/mo · Total: €11,740
at 6.50% APR
Luminor
BankLVBusiness Finance
🏢 Business Loan6.75%
APR from
up to 13.50%
Loan Range
€10K – €1.0M
Term
1 yr – 7 yrs
Representative Example
€10K over 5 yrs = €197/mo · Total: €11,810
at 6.75% APR
Swedbank
BankLVBusiness Loan
🏢 Business Loan6.90%
APR from
up to 13.90%
Loan Range
€5K – €800K
Term
1 yr – 7 yrs
Representative Example
€10K over 5 yrs = €198/mo · Total: €11,852
at 6.90% APR
Citadele
BankLVBusiness Credit
🏢 Business Loan7.50%
APR from
up to 14.90%
Loan Range
€5K – €500K
Term
1 yr – 5 yrs
Representative Example
€10K over 5 yrs = €200/mo · Total: €12,023
at 7.50% APR
BluOr
BankLVBusiness Loan
🏢 Business Loan7.90%
APR from
up to 15.90%
Loan Range
€10K – €500K
Term
1 yr – 5 yrs
Representative Example
€10K over 5 yrs = €202/mo · Total: €12,137
at 7.90% APR
Luminor
BankLVConsumer Loan
👤 Personal Loan11.00%
APR from
up to 25.00%
Loan Range
€500 – €25K
Term
6 mo – 8 yrs
Representative Example
€10K over 5 yrs = €217/mo · Total: €13,045
at 11.00% APR
Swedbank
BankLVConsumer Credit
👤 Personal Loan11.90%
APR from
up to 26.90%
Loan Range
€500 – €28K
Term
6 mo – 10 yrs
Representative Example
€10K over 5 yrs = €222/mo · Total: €13,316
at 11.90% APR
BluOr
BankLVPersonal Loan
👤 Personal Loan13.90%
APR from
up to 29.90%
Loan Range
€500 – €15K
Term
6 mo – 5 yrs
Representative Example
€10K over 5 yrs = €232/mo · Total: €13,930
at 13.90% APR
Borrowing in Latvia — FAQ
Which banks dominate lending in Latvia?+
The market is led by pan-Baltic groups: Swedbank, SEB, Luminor and Citadele. Local fintechs and consumer lenders compete mainly in unsecured credit, which keeps pressure on rates and processing speed.
How are Latvian mortgage rates structured?+
Latvia uses the euro, so mortgages are typically priced as EURIBOR (commonly 6-month) plus a bank margin fixed in your contract. When EURIBOR resets, your payment changes accordingly.
Can non-residents borrow in Latvia?+
Generally you need Latvian residency and locally verifiable income. Some banks consider EU citizens working in Latvia earlier than non-EU applicants, but expect to establish local income history first.
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