General terms and conditions

Loan applicant has to be at least 18 years of age, a citizen of the Republic of Estonia, or an alien residing in Estonia holding a valid residence permit

Collateral can be immovable property or surety provided by citizen of the Republic of Estonia, or an alien residing in Estonia holding a valid residence permit, whose income has been transferred on a bank account regularly during the past 6 months. In addition, we offer loan up to 1,600 euros without collateral.

Immovable collateral can be real estate located in the Republic of Estonia (apartments, houses, summer cottages); collateral can also be previously mortgaged and does not have to be in the name of the loan applicant.

Surety provider has to be at least 18 years of age, a citizen of the Republic of Estonia, or an alien residing in Estonia holding a valid residence permit.

Loan amount is paid to the applicant via bank transfer to the applicant’s bank account. The contract fee and notary fees can be withheld from the loan sum on request of the applicant. In exceptional circumstances, with the written request of the applicant, the loan amount can be transferred onto the bank account of third persons.

Interest is the fee paid in return for using loan amount. Interests are paid monthly and will be calculated from the unpaid balance of the loan.

Loan time limit is in case of any loan product a minimum of 2 months, a maximum of 5 years in case of loan without collateral, a maximum of 10 years in case of loan with surety, and a maximum of 15 years in case of loan guaranteed with immovable property.

Repaying the loan is either based on annuity schedule, which involves equal monthly payments, including both interest as well as repayments of the loan during the whole loan period, or on flexible payment schedule, during which interests have to be paid monthly and the time for loan repayments is chosen by the applicant, latest at the end of the loan period.