Frequently asked questions

A home renovation loan can be applied for by:

• citizens of the Republic of Estonia and persons residing in Estonia under a residence permit or right of residence;

• persons who are at least 18 years old;

• persons with a regular and verifiable income.

When making a loan decision, we assess the applicant’s ability to repay the loan and their existing financial obligations.

Select a suitable loan amount and repayment period using the home renovation loan calculator and complete the online application. We will make you an offer within 30 minutes.

Following a positive decision, you can review the offer and sign the agreement digitally.

A valid identity document is required to complete the loan agreement. If necessary, we may also request a bank account statement or other documents confirming your income.

Your residence permit or right of residence must be valid for at least six months.

No, you do not need to submit a renovation budget, quotations or purchase receipts when applying for a home renovation loan.

Once the funds have been transferred, you can decide how and in which order to carry out the renovation work.

You can submit the application online within a few minutes. Following a positive decision and the signing of the agreement, the loan amount is generally transferred to your bank account on the same business day.

The exact time at which the funds are received may depend on when the application is submitted and on your bank.

A home renovation loan is an unsecured personal loan that can be used to renovate, improve or furnish a house, apartment or summer house.

A home renovation loan can be used for:

• renovating a bathroom or kitchen;

• renewing walls, ceilings and floors;

• repairing or replacing a roof;

• insulating a home;

• upgrading a heating system;

• electrical and plumbing work;

• purchasing new furniture or household appliances;

• furnishing an apartment, house or summer house;

• renovating a terrace, sauna or outbuilding.

Yes, a home renovation loan can be used to renovate or improve an apartment, house, summer house or another type of residential property.

The purpose of the loan is flexible, and you do not necessarily need to own the property being renovated.

A home renovation loan is essentially an unsecured personal loan primarily intended for renovating, improving or furnishing a home.

You do not need to provide separate evidence of the renovation work or how the loan funds have been used.

Yes, Mogo’s home renovation loan is unsecured. This means that you do not need to provide your home or any other property as collateral.

The loan decision is based on your income, existing financial obligations and ability to repay the loan.

The home renovation loan is repaid in monthly instalments according to the payment schedule attached to the agreement.

Always include your agreement number in the payment description.

Payment recipient: Primero Finance OÜ
LHV Pank: EE497700771001386285
SEB Pank: EE911010220221503224

For payments made within the same bank, the funds may be received within a few minutes.

The speed of an interbank payment depends on when the payment is made and on the recipient’s bank.

Yes, the home renovation loan can be partially or fully repaid before the date specified in the payment schedule.

In the event of early repayment, the agreement amendment fee specified in the current price list applies.

If you experience payment difficulties, contact Mogo as soon as possible. We will review your situation and try to find a suitable solution.

The sooner you contact us, the more options there may be to resolve the situation before additional costs arise.