A consumer loan is a loan that requires no collateral which you can use for a range of things – from something big you have been wanting to buy for a while to unexpected costs. A campaign is running until the end of December.
The fixed interest rate campaign is valid until 15.12.2024. The contract fee is 0 € until the end of the year.
You can use a consumer loan in any way you like to bring your plans to life, however big or small. The interest rate is fixed for the duration of the loan, which means your repayments won’t be affected by fluctuations in Euribor. When entering into your contract, you can choose between a standard and a seasonal repayment schedule.
We make you a personal offer that depends on the amount you’re looking to borrow, the length of your contract and your creditworthiness. You can lodge your application on our self-service site or via our app, where it’s also easy to keep an eye on your contracts. Everything – applying, amending your repayment schedule, paying off your loan early and more – can be done digitally.
Weigh everything up and review the terms and conditions of the contract before making your decision. If you have any questions or need advice, contact us.
Loan payment protection insurance provides financial security in unexpected situations that may affect your ability to make loan payments. If you face challenging circumstances, such as incapacity for work or job-loss, the insurance can help cover your loan payments.
The insurance can be conveniently added through our self-service platform before signing the loan agreement. For more detailed information about loan payment protection insurance, please refer to our FAQ page or click the loan insurance information tooltip in self-service before signing the loan agreement.
The provider of loan payment protection insurance is If P&C Insurance AS. Please familiarize yourself with the terms and conditions In the event of a claim, please call +372 777 1211 or submit your claim at if.ee.
When you apply for a small loan, you can choose between a regular and a seasonal repayment schedule.
With a regular repayment schedule, all your monthly payments are the same and are fixed for the duration of the repayment period.
With a seasonal repayment schedule, you’ll have a payment break from the loan’s principal repayments for four months every year. That means during the winter, when utility costs tend to be higher, all you pay is the interest on your loan. The repayment break months are November, December, January and February of every year for the duration of your loan. You can choose the repayment schedule that suits you when you enter into your contract.
In order to fulfil the due diligence obligation set for us as a bank, we ask you to identify yourself by video in the Veriff OÜ environment if the total amount of your loans is €15,000 or more. If you are not a citizen of the Republic of Estonia, we might also ask you to identify yourself. A device with an Internet connection and a working camera is required for verification. Have your ID ready and follow the step-by-step instructions on screen. We will send you an email with a personal link to verify your identity.
The financial services provider is Holm Bank AS. Review the terms and conditions of the contract and consult an expert. The annual percentage rate of charge is 19.97% on the following sample conditions – loan amount: €4 000; contractual fee: €40; repayment period: 48 months; fixed interest rate: 9.95% of loan amount per annum; total amount payable: €5 616.73; net repayments: €5 576.73; number of repayments: 48.
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