SEB Latvia review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

SEB Latvia suits borrowers with a Latvian connection who want one bank for a mortgage and smaller personal loans. Its consumer loans carry an APR of 11.93% with an origination fee of 1% of the amount granted, min 90.00 EUR, and the mortgage side runs at an initial rate of 4.291%.

Key facts

Best for
Borrowers with a Latvian connection wanting a mortgage and personal loans from one bank.
Initial rate
4.291% (Source, checked September 26, 2026)
APRC
4.51% (Source, checked September 26, 2026)
Fixed period
0.25 to 5 years (Source, checked September 26, 2026)
Maximum loan to value
85% (Source, checked September 26, 2026)
Product fee
€340 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
AS "SEB banka" (Source, checked September 26, 2026)
Headquarters
Latvia (Source, checked September 26, 2026)
Founded
1856 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone (Source, checked September 26, 2026)
Official website
seb.lv

Loans

APR
11.93% (Source, checked September 26, 2026)
Loan amount
€1,000 to €25,000 (Source, checked September 26, 2026)
Term
12 to 84 months (Source, checked September 26, 2026)
Arrangement fee
1% of the amount granted, min 90.00 EUR (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Credited to your SEB account automatically immediately after signing the loan agreement (Source, checked September 26, 2026)
Representative example
Consumer loan of EUR 5,000 over 5 years at 10% fixed rate: monthly payment 106.76 EUR, annual percentage rate 11.93%, total payable 6,556.53 EUR (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Must have a connection to Latvia (citizenship, residence, study or work in Latvia); non-EEA residents residing outside Latvia need a valid Latvian residence permit (Source, checked September 26, 2026)
Origination fee (%)
1% (Source, checked September 26, 2026)
Loan types
Personal, Secured, Car, Student, Credit-line (Source, checked September 26, 2026)
Use cases
Home-improvement (Source, checked September 26, 2026)
Legal entity
AS "SEB banka" (Source, checked September 26, 2026)
Headquarters
Latvia (Source, checked September 26, 2026)
Founded
1856 (Source, checked September 26, 2026)
Support channels
Email, Chat, Phone (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataWikipediaXLinkedIn

Pros and cons

Pros

  • Consumer loans priced at an APR of 11.93% with 12 to 84 available
  • Borrowing €1,000 to €25,000 for home improvement
  • Free early repayment on the consumer loan
  • Support runs on email, chat and phone

Cons

  • The mortgage initial rate of 4.291% sits against a site median of 4.35%
  • Mortgages are capped at a maximum loan to value of 85%
  • The hard credit check applies to consumer loans, where poor credit carries a large share of approvals at 45.1%
SEB Latvia

Ready to try SEB Latvia?

Scored 9.0 / 10 by BorrowCue.

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Who it suits

  • Borrowers with Latvian citizenship, residence, study or work who need a mortgage
  • Home improvement borrowers taking a fixed rate consumer loan
  • Customers who bank with SEB and want the loan credited to the same account

Who should look elsewhere

  • Buyers needing a loan to value above 85%
  • Anyone without a connection to Latvia, since a Latvian residence permit is required for non-EEA residents living outside the country

How SEB Latvia compares

Where SEB Latvia is available

Available
Latvia
Licence in Latvia
Financial Capital Market Commission (FKTK, Latvijas Finanšu un kapitāla tirgus komisija), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does a SEB Latvia consumer loan cost?+

The consumer loan carries an APR of 11.93% and an origination fee of 1% of the amount granted, min 90.00 EUR on the amount granted. Borrowing runs €1,000 to €25,000 across 12 to 84 at a fixed rate, and the representative example sets out the monthly payment and the total payable.

How much can I borrow for home improvement?+

Consumer loans run €1,000 to €25,000, and home improvement is the listed use case. The rate is fixed, so payments hold steady, and early repayment is free, so a large balance can be cleared sooner without a charge.

How quickly is a consumer loan paid out?+

The loan is paid into your SEB account as soon as the agreement is signed, with the transfer handled automatically rather than left to you. Same-day funding is listed among the features, which helps when a renovation invoice or purchase deadline lands early.

What is the credit check like?+

The consumer loan runs a hard credit check, so an application shows on the credit file. Applicants with a thin credit file face a tougher gate, since 45.1% of the site's weaker-file borrowers still clear.

What rate do the SEB Latvia mortgages offer?+

The mortgage initial rate is 4.291% with an APRC of 4.51%, fixed for 0.25 to 5. The €340 product fee is the only fee listed for the mortgage side, which is a different fee from the consumer loan origination fee.

Who can apply for SEB Latvia loans?+

You need a connection to Latvia, through citizenship, residence, study or work. Non-EEA residents living outside Latvia need a valid Latvian residence permit, so applicants based elsewhere may not qualify.

What kinds of loan does SEB Latvia offer?+

The range covers personal, secured and car, including a credit line alongside personal, secured, car and student lending. Mortgages cover purchase and remortgage, so both buying and moving an existing mortgage stay within the same bank.

How is SEB Latvia regulated?+

The lender is supervised in Latvia by the Financial Capital Market Commission, the country's financial regulator. The lender is AS "SEB banka" and operates as a direct lender rather than a broker, so applications go straight to the bank.

How do I get help with my loan?+

Support runs on email, chat and phone, so a loan question can go by email, chat or phone. Account servicing sits with the same bank that issues the loan, which keeps the mortgage and consumer loan contacts in one place.

Sources

  • seb.lv/kontakti checked September 26, 2026

    Backs: Headquarters, Lender type, Support channels, Licences

    “AS "SEB banka" Adrese: Elizabetes iela 95, Rīga, Latvija, LV-1050”

  • seb.lv/par-seb/par-uznemumu checked September 26, 2026

    Backs: Founded

    “SEB grupa ir vadošā finanšu pakalpojumu sniedzēja Ziemeļeiropā. Tās saknes sniedzas 1856. gadā.”

  • seb.lv/privatpersonam/cenradis-privatpersonam checked September 26, 2026

    Backs: Loan types

    “Kredīti: Mājokļa kredīts; Kredīts ar nekustamā īpašuma ķīlu; Līzings; Patēriņa kredīts; Kredīti studentiem; kredītkarte: Kredītlīnija”

  • seb.lv/privatpersonam/klut-par-klientu/klut-par-klientu checked September 26, 2026

    Backs: Eligibility

    “Viens no mūsu galvenajiem nosacījumiem sadarbības uzsākšanai ar jaunu klientu ir personas saikne ar Latviju.”

  • seb.lv/privatpersonam/krediti/majokla-kredits checked September 26, 2026

    Backs: APRC, Fixed period, Initial rate, Legal entity, Maximum loan to value, Product fee, Purpose

    “Gada procentu likme 4, 510 %”

  • seb.lv/privatpersonam/krediti/paterina-kredits checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Features, Free early repayment, Funding time, Pricing model, Arrangement fee, Origination fee (%), Rate type, Representative example, Term, Use cases

    “Kredīta apjoms: No 1000 līdz 25 000 EUR”

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

SEB Latvia

SEB Latvia

Borrowers with a Latvian connection wanting a mortgage and personal loans from one bank.

9.0/10See alternatives

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