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You can pay for the goods or services in installments, both in e-shops and on-site stores. Choose a suitable vendor to buy from and see our best offers.
You do not need to have an account with LHV to apply for a Consumer Loan.
The results are estimated and may differ from the terms and conditions offered to you.
Complete an application
Fill in the hire-purchase application on our website or at the point-of-sale of our cooperation partner. There is no charge for submitting an application, and doing so does not obligate you to conclude a contract.
Offer
After receiving your request, we will make you an offer valid for 14 days.
Select place of purchase and product/service
View the vendors.
You can conclude one or, if you wish, also several hire-purchase contracts.
Conclude the agreement
Let the vendor know that you want to use LHV hire-purchase for a product or a service and sign the agreement at the vendor’s location.
| Credit amount | 50 € to 15,000 € |
| Interest | From 8.9% per year on the credit amount |
| Contract Fee | From 0 € |
| Service fee | 0 € |
| Length of the agreement | Credit amount up to 7,500 € – 3 months to 4 years |
| Amendment of agreement | The fee for amending an agreement is 25 €. The premature payment of the whole credit sum is free of charge for a private person. Please let us know if you want to amend your agreement at 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 LHV Finance reference number: your agreement number. |
The hire-purchase service is offered by AS LHV Finance. Review the terms and conditions at the vendor or the address lhv.ee/hire-purchase and consult our expert. The monthly hire-purchase payment is 60.13 € and the annual percentage rate of charge is 24.05% on the following sample terms and conditions: cost of the product/service 1,200 €, down-payment 0%, credit amount 1,200 €, annual interest rate of 10.9% of the purchase amount (fixed), contract fee 24.9 €, monthly service fee 0 €, hire-purchase period of 25 months, with monthly annuity payments, in the total sum of 1,503.15 € and the total sum of monthly payments being 1,503.15 €.
Loan insurance is offered by AS LHV Kindlustus. Review the terms and conditions of insurance, along with the limitations and exemptions, and consult our specialist. The monthly hire-purchase payment with insurance is 63.79 € and the annual percentage rate of charge is 31.92% on the following sample terms and conditions: cost of the product/service 1,300 €, down-payment 0%, credit amount 1,300 €, annual interest rate of 10.9% of the purchase amount (fixed), contract fee 19.9 €, service fee 0 €, hire-purchase period of 28 months, with monthly annuity payments, in the total sum of 1,786.10 € and the total sum of monthly payments being 1,786.10 €.
You can make your hire-purchase more secure by adding insurance to your contract. Loan insurance ensures that you will not find yourself in trouble with hire-purchase instalments in the event of unforeseen circumstances. Read the terms and conditions of loan insurance.
In case of an insured event, notify client support at LHV Finance as soon as possible. Client support will notify the loss adjuster, who will contact you with further instructions.
In the case of a contract with insurance, an additional monthly fee will be added, which is 8% of your hire-purchase instalment (principal + interest). For example, if you take out a hire-purchase in the amount of EUR 500 for two years, only about EUR 2 will be added to your monthly instalment.
We want to be a reliable and sustainable financial service provider for your business. Hire-purchase cooperation aims at reciprocal communication and mutual sales.
For our part, we will market your business to LHV clients, train your staff and help you put up marketing materials in your shop and e-store. We expect your company to actively offer hire-purchase to your clients and to conclude hire-purchase contracts every month.
It is worth offering the hire-purchase option to your clients if the average purchase amount of products or services is at least EUR 200. Long-term cooperation requires at least EUR 50,000 in sales volume per year.
We are a financial partner that is easy to do business with. We provide your clients with a competitive interest rate and keep the terms and conditions transparent. This way, your client will receive the best service.
Regardless of whether you sell products or services, meet with clients face-to-face or virtually in an online environment – offering the option to pay by instalments (hire-purchase) means more successful purchases for your company.
Thanks to free payment modules and an API interface designed for special solutions, you can easily add a hire-purchase option to the shopping cart in your e-shop. In addition, our technical support will assist you every step of the way.
Call 699 9119 Mon-Fri 9–17 or write to finance@lhv.ee
