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.

Log into the internet or mobile bank and see if you have received a personal offer. If there is one, you can enter into an agreement in a simplified process.

If not, follow these easy five steps:

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.

Income

• If you take a loan by yourself*, your income must be at least 350 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 700 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.

Obligations

• Monthly expenses for covering your credits must not exceed 40% of your monthly income.
• You do not have outstanding credits in “Swedbank” or from other creditors or outstanding bills for different services.
• Be ready to submit the 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 applied in the Internet bank and APP – 1,5 % of the amount, min. 30 EUR, whereas at a bank branch the fee is 20 EUR higher.
• 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.