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Hire-purchase

LHV hire-purchase is affordable

  • You will receive a response to your application within a few minutes
  • Credit amount from 50 € to 10 000 €
  • Down-payment from 0 euros
  • Monthly instalment from 1 euro
  • There is no monthly administration fee
  • Premature payment free of charge

You do not need to have an account with LHV to apply for a Consumer Loan.

Green hire-purchase

Using renewable energy sources is a certain investment into the future.
Solar panels for generating energy and use of ground-loop heating to heat homes and household water is a smart choice. Instead of a vehicle that runs on fossil fuels, favour electric one- or two-wheeled vehicles.

We want to make it easier for you to make energy efficient choices.

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Calculate the monthly instalment

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

Application process

  • 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.

  • Credit offer
    After submitting the application, it will take us a few moments to calculate the hire-purchase limit that will be available to you for the next 90 days.

  • Select place of purchase and product/service
    View the vendors and best offers.
    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.

Terms and conditions

Credit amount

50 € 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

From 9.90 €

Length of the agreement

3 months to 4 years

Amendment of agreement

If you need to, you can return the credit amount prematurely, take a grace period, or change the date or amount of the monthly payment. The fee for amending an agreement is 10 €. 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 AS 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/en/hire-purchase and consult our expert. The monthly hire-purchase payment is 37,91 € and the annual percentage rate of charge is 25,59% on the following sample terms and conditions: cost of the product/service 700 €, down-payment 0%, credit amount 700 €, annual interest rate of 19,9% on the outstanding balance (fixed), contract fee 19,9 €, hire-purchase period of 23 months, with monthly annuity payments, in the total sum of 871,93 € and the total sum of monthly payments being 871,93 €.

Loan insurance is offered by ERGO Insurance SE. Review the terms and conditions of insurance, along with the limitations and exemptions, and consult our expert. The monthly hire-purchase payment with insurance is 40,86 € and the annual percentage rate of charge is 36,28% on the following sample terms and conditions: cost of the product/service 700 €, down-payment 0%, credit amount 700 €, annual interest rate of 19,9% on the outstanding balance (fixed), monthly fee of 2,95 €, contract fee 19,90 €, hire-purchase period of 23 months, with monthly annuity payments, in the total sum of 939,78 € and the total sum of monthly payments being 939,78 €.

Loan insurance

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

Insurance cover begins on the day on which the Loan Agreement was concluded. Insurance coverage in case of unemployment begins two months after the insurance has started.

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 depends on your monthly hire-purchase instalment. If you choose to sign hire-purchase contract in amount of 500 €, only 2 € will be added to your monthly instalment. If you want to add insurance coverage to the contract please inform the salesperson before signing the contract.

If you cannot find a suitable choice in the list, please recommend a new cooperation to us.

Become a partner

AS LHV Finance is a company of LHV Group which offers a hire-purchase service. Our aim is to provide hire-purchase quickly and conveniently, so that you can focus on your business. Whether you sell products or services, see the client in person or meet them virtually online, LHV hire-purchase offers a convenient technical solution and an answer to your application in matter of minutes.

  • Add LHV hire-purchase link to the web page of your online store and you will no longer have to draft your clients’ hire-purchase applications and agreements manually. The client can do everything online and you will save your valuable time.
  • We will calculate the hire-purchase limit available to the client for a period of three months—this helps to increase the number of purchases of a single client in your online store. With the hire-purchase link, your client can make the payment quickly and conveniently, which means more successful purchases for your online store.

How to use the hire-purchase link?

If you want to start cooperation, please leave us your company details.

Kauri Pannas

Sales Manager

kauri.pannas@lhv.ee

Customer support

Call 699 9111 Mon-Fri 9–17 or write to finance@lhv.ee