Consumer loan

Small loan can help fulfil your different plans: from planned home improvement until unexpected expenses coverage (e.g. car repairing).

We provide Small loans from 500 to 20 000 EUR. The amount you can borrow depends on your net income and any other financial obligations that you may have.

• You will receive the confirmation of decision by phone, via SMS or internet bank message.
• We will transfer money to your account immediately after the conclusion of small loan agreement in internet bank or "Swedbank" app.

1. Fill out the consumer credit application on the internet banking or "Swedbank" app.
2. We will inform you about the decision by phone, via SMS or internet bank message.
3. You can get acquainted with the terms of the agreement in the Standard credit information provided via the Internet bank.
4. If the conditions are acceptable to you, sign the agreement in the Internet bank or "Swedbank" app.
5. We will transfer money to your account immediately after the agreement has been signed.

• We would like to note that before deciding to take a loan you should carefully assess your personal and (or) your family’s financial perspectives and possibilities.
• If you take a loan by yourself*, your income must be at least 450 EUR per month after tax.
• If you take a loan with a co-borrower, total income of a family (co-borrower) must be at least 1100 EUR per month after tax.
• You must be earning a steady income for at least 6 consecutive months and your probation period must be over.
• You do not have outstanding credits in Swedbank or from other creditors or outstanding bills for different services.
• Be ready to submit the official documents evidencing the receipt of the income if the expected source of repayment is not a salary/wages.

• Fixed interest rates determined individually for each customer depending on the amount of the loan, customer’s credit history, loyalty to the bank.
• Interest is paid from the total outstanding amount of the loan granted.
• A one-time agreement administration fee – 1,5 % of the amount, min. 15 EUR.
• You should have active "Swedbank" account. All information about handling of accounts fees is published on bank fees section.

• Flat rate payments consisting of the amount of interest paid for the last month and loan amount are automatically debited on the day of the month of your choice (3, 7, 12, 17, 22 or 27) from your Swedbank bank account.
• The process of debiting a borrower’s account with the amount payable under a credit agreement begins at 17:45 on the payment day specified in the agreement. Make sure you have sufficient funds available in the account.
• Loan maturity term from 6 months to 5 years during which the loan received must be repaid. You can prematurely repay the loan (either fully or partially) without any additional fees.

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