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Consumer loan

Consumer loan for every purpose

  • You will learn the limit of the maximum consumer loan amount in less than 15 minutes
  • Loan sum from €200 to €10,000
  • Interest from 15.9% of the loan balance
  • No collateral required
  • Premature payment free of charge

You do not need to have an account with LHV to apply for a consumer loan.

Apply here

Conclude an agreement

Calculate the monthly instalment

€
%

The results are estimated and may differ from the terms and conditions offered to you.

What you use the funds for is up to you

For travelling

A Consumer Loan can be used, for example, to pay for flight tickets or travel packages.

For beauty and health-related expenditures

You can use the Consumer Loan to pay for beauty and health costs, to help spread out bigger expenditures.

For starting up a business

With the help of a Consumer Loan you can, for example, procure equipment or pay for other expenditures.

For unexpected expenses

A Consumer Loan is also suitable for purchasing goods and services. A Consumer Loan can be used to pay in foreign online stores, where hire-purchase is usually not an option.

Application process

1.

Complete an application
Enter our self-service environment and complete the consumer loan application.

2.

Credit offer
Then will will calculate the consumer loan limit that will be available to you for the next 90 days.

3.

Conclude the agreement
You can sign the agreement in our self-service environment. If you cannot sign it digitally, please visit the nearest Euronics store, where you can sign a printed contract.

4.

Money to your account
During the next business day, at the latest, the loan amount minus the agreement fee will arrive in your bank account.

Terms and conditions

Loan amount

From €200 to €10,000

Interest

From 15.9% per year on the outstanding loan balance. LHV calculates the interest on the outstanding loan balance, not the whole loan sum. This means that the interest payments will decrease monthly as your loan balance decreases.

Contract fee

1% of the loan sum, from €29.90

Time of repayment

6 months to 5 years

Amendment of agreement

If you need to, you can take a grace period or change the date or amount of the monthly payment. The fee for amending an agreement is €10. To amend the agreement, please write to finance@lhv.ee.

The premature payment

The premature payment of the whole credit sum is free of charge.

Repayment

Monthly payments are to be paid to the account EE707700771001062897; with the recipient being AS LHV Finance; reference number: your agreement number.

Consumer loan is provided by AS LHV Finance. Review the terms and conditions at lhv.ee/en/consumer-loan and consult our expert. The monthly payment is 70,84 € and annual rate of charge is 22,85% on the following sample terms and conditions: loan amount 2200 €, annual interest rate of 19,9% on the on the outstanding balance (fixed), contract fee 29,9 €,  repayment period of 44 months, with monthly annuity payments, with the total sum of the monthly payments being 3146,85 € and the total repaid sum of 3116,95 €.

Loan insurance is offered by If P&C Insurance AS. Review the terms and conditions of insurance, along with the limitations and exemptions, and ask for advice from our specialist. The monthly instalment of a consumer loan with insurance is 76,51 € and the annual percentage rate of charge is 28,83% on the following sample terms and conditions: loan sum 2200 €, annual interest rate of 19.9% on the outstanding balance (fixed), monthly fee of 5,67 €, agreement fee 29,90 €, repayment period of 44 months, with monthly annuity payments, in the total sum of 3396,33 € and the total sum of monthly payments being 3366,43 €.

Loan insurance

You can make your loan more secure by adding loan insurance to your agreement. LHV Finance, working with If Kindlustus, is the only one to provide consumer loan insurance, thereby ensuring that you will not find yourself in trouble with instalments in the case of unforeseen circumstances. Read the terms and conditions of the loan insurance.

  • Unemployment, i.e. the termination of an employment contract or civil service contract by the employer for a reason beyond the insured person’s control.
  • Temporary incapacity for work, i.e. a certificate of incapacity for work valid for over 30 days.
  • Permanent incapacity for work, i.e. a certificate of incapacity for work valid for over 30 days.
  • Death, i.e. any hire-purchase liability does not have to be met by the heirs.

The insurance coverage commences from the day of the first consumer loan instalment. You can also add insurance to your contract during the term of your consumer loan contract, in which case the insurance coverage will commence from the date of the next instalment. Insurance coverage in case of unemployment begins three months after this additional insurance is added.

In case of an insured event, notify the client support of LHV Finance as soon as possible. Client support will notify the loss adjuster, who will contact you with further instructions.

The insurance fee is 8% of your monthly consumer loan instalment. If you choose to sign loan contract in amount of €500, only €2 will be added to your monthly instalment.

LHV Finance client support

Call 680 2700 or write to finance@lhv.ee daily from 9 to 21.