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Home repair loan

Home Repair Loan for your home

  • Interest from 9.9% on the loan balance
  • Loan amount up to EUR 15,000
  • Free premature repayment

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

Calculate the monthly instalment

%

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

For a cosy home

For renovations

The Home Repair Loan can be used for fixing up your home or summer house.

For furnishing

The Home Repair Loan is also suitable for purchasing furnishings. Use it, for example, to replace kitchen appliances or purchase new furniture for the living-room.

No collateral required

When taking a Home Repair Loan, there is no need to set your home as collateral or pay the state fee and notary fee. The entire loan can be conveniently repaid in the form of monthly instalments.

Applicationprocess

1.

Fill in application
Fill in home repair loan application. There is no charge for submitting an application, and doing so does not obligate you to conclude an agreement.

2.

Limit offer
We will calculate your limit, within which you can take a Home Repair Loan in 90 days.

3.

Conclude agreement
You can sign the agreement in 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 account
Latest on the next working day after signing the agreement you will receive the loan sum in your account, less the agreement fee.

Conditions

Loan sum

Up to €15,000

Interest

Annual interest from 9.9% on loan balance. LHV calculates the interest on the outstanding loan balance, not the whole loan sum. This means that interest payments decrease each month, as your loan balance decreases.

Contract fee

1% of loan sum, at least €29.90

Time of repayment

6 months to 6 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 the agreement is €10. To amend the agreement, please write to finance@lhv.ee.

Early repayment

Early repayment of the entire credit sum is free of charge.

Repayment

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

The Home Repair Loan is offered by AS LHV Finance. Take a look at the terms and conditions at lhv.ee/remondilaen and consult with a specialist. The monthly instalment is €121.32 and the annual percentage rate of charge is 17.63% on the following sample terms and conditions: loan sum €5000, annual interest rate of 15.9% on the outstanding balance (fixed), agreement fee €50, repayment period of 60 months, with monthly annuity payments, in the total sum of €7331.41 and the sum of repayments of €7331.41.

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 €131.03 and the annual percentage rate of charge is 21.83% on the following sample terms and conditions: loan sum €5000, annual interest rate of 15.9% on the outstanding balance (fixed), monthly fee €9.71, agreement fee €50, repayment period of 60 months, with monthly annuity payments, in the total sum of €7909.78 and the sum of repayments of €7909.78.

Loan insurance

You can make your loan more secure by adding loan insurance to your agreement. LHV Finance together with If Kindlustus will ensure 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 one’s 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 cover commences from the day of the first Home Repair Loan instalment. You can also take out this additional insurance during the term of your Home Repair Loan agreement, in which case the insurance cover will commence from the date of the next instalment. Unemployment cover begins three months after this additional insurance is taken out.

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 premium is 8% of your monthly Home Repair Loan instalment. For example, if you take a Home Repair Loan in the amount of €3000 for two years, only €5 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.