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Hire-purchase

LHV hire-purchase is affordable

  • You will receive a response to your application within a few minutes
  • Down-payment from 0 euros
  • Monthly instalment from 1 euro
  • Premature payment free of charge
Apply for hire-purchase

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

1.

Complete an application
Fill in a hire-purchase application.

2.

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.

3.

Select place of purchase and product/service
View the vendors and best offers.
You can use your limit for several contracts at different vendors.

4.

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.

1.

Application
Please complete the hire-purchase application and e-mail your company’s last year’s balance sheet and profit and loss account to finance@lhv.ee.

2.

Credit offer
The offer will be sent to you within three days, at the latest.

3.

Select place of purchase and product/service
View the vendors and best offers.
You can use your limit for several contracts at different vendors.

4.

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

From €50 to €10 000 for a private person
From €500 to €20 000 for a company

Interest

15.9% per year on the outstanding loan balance

Contract Fee

From €9.90

Length of the agreement

3 months to 4 years

Repayment

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

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 and 3% of the outstanding balance for a business client. Please let us know if you want to amend your agreement at finance@lhv.ee.

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 €.

Hire-purchase insurance is offered by If P&C Insurance AS. 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 €.

Hire-purchase insurance

You can make your hire-purchase more secure by adding hire-purchase insurance to your agreement. LHV Finance, working with If 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 hire-purchase 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 hire-purchase instalment. You can also add insurance to your contract during the term of your hire-purchase contract, in which case the insurance coverage will commence from the date of the next instalment. Insurance coverage in case of unemployment begins one month 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 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.

Best hire-purchase offers

Vendors

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, an answer to your application in a matter of minutes, and daily client support between 9–21.

  • 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.

Ergo Kruve

Sales Manager

ergo.kruve@lhv.ee

Kauri Pannas

Sales Manager

kauri.pannas@lhv.ee

LHV Finance client support

Call 680 2700 or write to finance@lhv.ee every day between 9-21.