Savings

• Apply for a Subordinated Loan

Subordinated Loans

This type of deposit has a number of features that allow receiving a higher return, on one hand, but set some significant limitations in relation to early deposit withdrawals. Minimum term of this deposit is 5 years. In addition, the subordinated loan entitles citizens of foreign countries to get a residence permit in Latvia.

Conditions

• Loans available in EUR, USD
• Loan term – 5 or 7 years
• The loan agreement is non-terminable throughout its term
• Minimum loan amount: 100 000 EUR or 150 000 USD
• Minimum loan amount to get a residence permit in Latvia: 300 000 EUR or 400 000 USD
• Interest pay-out once in half-year