The refinancing loan allows you to bring your current loans and instalments over to Holm Bank and merge them into one contract, with one monthly payment.
The campaign is valid until 13.10.2024
By bringing your current loans and installments over to Holm Bank, you can conveniently keep an eye on your financial obligations, paying for them in one clear monthly payment. The up to 10-year payment schedule allows you to schedule your obligations for a period that suits you and pay smaller monthly payments. In the course of refinancing, you can apply for an additional loan amount in addition to rescheduling your current obligations.
Consider your decision thoroughly and review the terms and conditions of the contract before making your decision. If you have any questions or need advice, get in touch with us.
If you have two loans with an outstanding balance of €10,141 at an interest rate of 13.9%, and two hire purchases with a total outstanding balance of €1,392, both at an interest rate of 18.9%. In total, you have four different contracts and four separate payments to various financial services providers.
By bringing these liabilities to Holm Bank and merging them into one refinancing loan at a fixed interest rate of 8.99% with a suitable payment schedule, you can pay only one monthly payment in an amount that suits you.
In this example, in case of a 6-year contract, you'll pay only one monthly payment in the sum of €246.03, which is €148.03 lower than your previous payments.
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 16.99% on the following sample conditions – loan amount: €15 000; contractual fee: €0; repayment period: 90 months; fixed interest rate: 9.40% of loan amount per annum; total amount payable: €25 522.85; net repayments: €25 522.85; number of repayments: 90.
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