In force from 17/03/2023
In force from 17/03/2023
|General services||Price (€)|
|Account management fee||-|
|Portal Operator’s service fee⁷||1€|
|Inactive account fee⁸||10€/monthly|
|Primary Market||Price (€)|
|Making an investment||-|
|Secondary Market||Price (€)|
|Service fee for seller||3% of the transaction amount|
|Loan application||Price (€)|
|Administration fee (annual)³||0-2%|
|Notary fees from establishing the mortgage⁴||According to notary services pricelist|
|Security Agent Fee (first stage)||€500 + VAT*|
|Security Agent Fee (from stage 2 and upwards)||€100 to €500 + VAT* (depending on circumstances)|
|Releasing the mortgage by Estateguru Security Agent||€100 + VAT*|
|Extending loan or collateral pledging period||Up to 8% from the amount extended, min €250|
|Insurance fee||20% of the premium, min €100|
|Loan schedule amendment fee||Up to 4% of the amount concerned, min €250|
|Overdue payments||Price (€)|
|Formal notice fee||According to local service provider pricing|
|Realisation Fee||10% of principal loan amount|
|Security agent fee||According to local service provider pricing|
|Bailiff fee⁵||According to local service provider pricing|
|Overdue payment notice⁶||€20 (according to EC directive 2011/7/EU)|
|Debt management fee⁹||8,75% of the amounts due under the Loan Contracts|
* – VAT added, if applicable.
² – The platform reserves the right to propose a specific fee amount considering the loan amount, loan term, repayment schedule, liquidity of the asset and borrower’s background. Fx, for a loan amount of €1 000 000 with an LTV 50%, a loan term of 12 months and monthly interest payment with the principal paid at the end and strong financial background of the borrower, the intermediation fee can be proposed 2.5% from the loan amount. For a loan amount of €50 000, LTV 69%, collateral situated in the secondary city, full bullet payment schedule, the intermediation fee could be prosed 4% of the loan amount.
³ – Fx. The platform reserves the right to propose a specific administration fee amount considering the loan amount, loan term, repayment schedule, liquidity of the asset and borrower’s background. Fx, for a loan amount of €1 000 000 with an LTV 50%, a loan term of 12 months and monthly interest payment with the principal paid at the end and strong financial background of the borrower, the administration fee can be proposed 0.5% annually, paid according to the interest payment schedule. For a loan amount of €50 000, LTV 69%, collateral situated in the secondary city, full bullet payment schedule, the annual administration fee could be prosed 0%, due to specifics of the loan repayment (full bullet) and proposed intermediation fee.
⁴ – Read more about Estonian Notary Fees Act https://www.riigiteataja.ee/akt/
⁵ – Estonia: https://www.riigiteataja.ee/en/
⁶ – We charge up to 40€ (2*20€) reminder fees in accordance of EC directive 2011/7/EU article 6 and local legislation where the mentioned EC directive has been implemented into.
⁷ – Portal Operator’s service fee is calculated and charged every time money is withdrawn from the virtual account by the investor
⁸ – Funds held on your Lemonway account can be used solely for your transactions on the Estateguru platform. As it is a special purpose account, it should not be used for depositing funds without the intention to invest. As inactive accounts create cost to Estateguru, an “inactive account fee” is charged from users who have deposited funds in their accounts but who have not made any new investments on the Primary or on the Secondary market for the last 12 months and who also have no active loans in their portfolio.Starting in April 2023, the “inactive account fee” was increased to 10 EUR per month for the first year following the 12 month period of inactivity, and will increase to 50 EUR per month thereafter. The fee will be applied monthly if there is a positive balance on the user’s account. If the user makes an investment, whether on the Primary or Secondary market, the account status will be switched to active again and no further fee applies.
⁹ – The Portal Operator is entitled to charge the Borrower the debt management fee (contractual penalty) 8,75% of the amounts due under Loan Contracts.
¹⁰ – The interest spread is the difference of the interest paid by the borrower and received by the investor. The interest spread is withheld as a fee by the portal operator prior to transferring interest payments to investors’ virtual accounts. The specific interest spread applicable for a project can be found in the project description.