vastuvõtmarendi

Vastuvõtmarendi is an Estonian term that translates to "acceptance loan" or "acquisition loan." It refers to a type of loan specifically designed to finance the purchase of real estate, such as a house or an apartment. This loan is typically provided by a bank or other financial institution and is secured by the property being purchased.

The purpose of a vastuvõtmarendi is to enable individuals or entities to acquire property without needing to have the entire purchase price available upfront. The borrower makes regular payments over a set period, which include both the principal amount borrowed and interest. The terms of a vastuvõtmarendi, including the interest rate, loan duration, and repayment schedule, are determined by the lender based on the borrower's financial situation, creditworthiness, and the value of the property.

In essence, a vastuvõtmarendi facilitates property ownership by allowing buyers to leverage borrowed funds. It is a common financial tool used in real estate transactions in Estonia, similar to a mortgage in many other countries. The borrower gains possession and use of the property immediately upon purchase, while the lender retains a legal claim on the property until the loan is fully repaid. This ensures the lender's security in case of default.