Green energy loan Yes, to your ideas!

All Estonian citizens or persons with a residence permit of at least 21 years of age with a positive history of payment discipline and a monthly income of at least 280 euros can apply for a loan.

If you have a temporary residence permit, we can conclude a loan agreement for the period of time until the expiration of your residence permit.

Inbank only offers green energy loans to private individuals.

To get a green energy loan from Inbank, it is not necessary to change your home bank. You can make monthly loan payments from your main bank account.

The amount of a green energy loan can range from 2,000 to 20,000 euros. We finance the purchase and installation of solar panels, wind generators, geothermal heating and water-air heat pumps, the replacement of ventilation systems and the installation of electric vehicle charging stations. If you want to insulate your home, change windows or doors, or perform other home improvement works, check out the terms of the renovation loan.

To verify the intended use of the loan, the borrower must provide us with documents certifying the expenses, e.g. invoice along with payment confirmation and/or a contract or a written agreement between the borrower and the service provider for the energy efficiency project. In case of failure to submit the necessary documents within 90 days after the conclusion of the agreement, the bank has the right to unilaterally change the terms of the agreement by increasing the interest rate by the amount specified in the agreement.

The interest rate of the green loan is from 3.9% + 6 months’ EURIBOR, calculated on the balance of the loan. The exact interest rate depends on the conditions offered to you, which you can review after submitting the application if you received a positive decision. The term of the loan is 6 to 120 months. The non-fixed interest rate consists of the margin that is fixed in the contract for a specific period and the EURIBOR base rate. If the base rate changes, we will prepare a new payment schedule for you. A negative EURIBOR value is always considered to be zero.

An application for a green energy loan can be submitted right here on the Inbank website, as well as in our Tallinn office. To conclude an agreement online, a valid ID card, Mobile-ID, or Smart-ID is required. You will need a PIN1 to log in, as well as a PIN2 for signing. To sign an agreement at a bank branch, you must present an identity document (ID card, passport, or residence permit card). Identification is also a prerequisite for issuing the loan – it can be performed in select Omniva branches or Inbank offices, and – when concluding an agreement as a new customer – also in Inbank’s internet bank using a webcam.

After you sign the agreement digitally, it will remain accessible in the Internet bank of Inbank. You will also find the link to your agreement in the e-mail message that will be sent to you after you sign it. If you still cannot find the agreement, please contact our customer service.

An account statement must be submitted for the last 6 months before the date of application and must contain information on your income and obligations. If you are submitting an account statement from Swedbank, SEB, LHV, Coop Pank or Luminor, it must be submitted in a bank-approved digital format (.bdoc, .asice, .sce). If you are submitting an account statement from another bank, the statement must be saved in PDF format and digitally signed using the DigiDoc application. After saving the statement to your computer, you can upload it to the loan application page. See the instructions for uploading your account statement.

The statement can also be uploaded later. To do this, log in to Inbank’s internet bank, select "Loans" in the menu, find and open the pending application and upload the statement file. If the statement cannot be uploaded to Inbank’s internet bank, please send it to laen@inbank.ee.

Answers to applications submitted on the website and at a bank branch are usually provided immediately. With a positive answer, you can immediately sign a loan agreement.

If we are unable to make a loan decision immediately, please provide a digitally certified bank statement for the previous 6 months. We will then respond to your application within one business day.

We will transfer the money to the borrower's account in an Estonian bank no later than within one working day after the conclusion of the contract and confirmation of the borrower's identity. Depending on the bank, the money will be credited to the current account on the same or the next banking day after we make the transfer.

We can issue a loan only by transfer to the applicant's personal current account in a bank located in Estonia. We do not transfer loans to foreign bank accounts or to other people's accounts.

Every month, we will send you an e-invoice, which you will find in the internet bank of your home bank. We will send the invoice to the internet bank of your home bank four to five days before the due date for making the payment to the account to which the loan amount was paid according to your request. We advise you to set up an e-invoice standing order in your home bank to make repaying the loan more convenient. The payments are made to Inbank’s account in SEB bank.

A payment is deemed to have been completed if it was made using the correct reference number, which you will find in your loan agreement or on the e-invoice. We do not send invoices by e-mail.

However, the invoices we have sent are accessible in the internet bank of your home bank.

You can check your loan balance in the internet bank of Inbank under "Loans". You can also get information about the loan balance from Inbank’s customer service if necessary.

Yes, you can repay the loan in part or in full before the expiry of the loan agreement. In order to do so, e-mail the request for early repayment of the loan to info@inbank.ee and indicate the date when you would like to repay the loan. We will then send you the final amount that is still left to pay as of this date. You can find the terms and conditions of early repayment on the Inbank price list.

Yes, it is possible to change the payment date. In order to change the payment date, please send the respective request to info@inbank.ee. You will find the fee for amendment of the payment date on the Inbank price list.

Yes, it is possible to apply for a grace period if necessary. In order to do so, please e-mail your request to info@inbank.ee. The length of one grace period is up to three months. If you would like to use the option of a grace period for the second time, the loan principal and interest payments for the last three months must not be outstanding. It is possible to have two grace periods during the term of the agreement and for up to six months during the loan period. We will determine the exact length and the terms and conditions of the grace period considering of your requirements and possibilities.

If we haven’t received a repayment by its due date, we text you a reminder that the payment must be made. There are costs associated with late payments, and default interest is calculated on delayed payments. The fees related to late payments are specified in your agreement and the Inbank price list. If the difficulties in repaying the loan are likely to last longer, please contact Inbank as soon as possible, so we can find a flexible solution together.

Irrespective of the reasons for payment difficulties, Inbank always tries to help its clients by offering solutions that are as flexible as possible. This is why you should immediately inform us of any payment difficulties. For example, you can request a grace period or extend the loan period, which will reduce the monthly payments.