Appliance Loan can help you purchase various technical and electronic devices.

We provide Appliance 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.

• If you find a pre-calculated loan offer when signing in to the internet bank, there’s no need to submit an application. On the basis of the offer, you can simply sign the contract and have the amount transferred to your account. Log in to see if you have a personal offer .
• If there’s no offer available, fill in an application, and you will receive the decision by phone, a text message or an internet bank message.
• We will transfer the amount to your current account immediately after the conclusion of an Appliance Loan contract in the internet bank.

Log into the internet 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 in the Appliance Loan application in the internet bank.
2. We will inform you about the decision by phone, a text message or an 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 you find the conditions acceptable, sign the contract in the internet bank.
5. We will transfer money to your current account immediately after the contract has been signed.

Income

• If you take a loan by yourself*, your monthly net income must be at least €350.
• If you take a loan with a co-borrower, the monthly total net income of you two must be at least €700.
• 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 all your possible credits must not exceed 40% of your monthly income.
• You must not have outstanding credits in Swedbank or other creditors or outstanding bills for various services.
• Be ready to submit the official documents evidencing the receipt of the income, if the expected source for repayments is not a salary/wage.

• The fixed interest rate of an Appliance Loan determinates individually and depends on your income, obligations and the loan amount. Interest is calculated on loan balance.
• The agreement fee is 1.5% of the loan amount, but no less than €30. At a bank branch the fee is €20 higher compared to the fee when applying online.
• You should have active "Swedbank" account. All information about handling of accounts fees is published on bank fees section.

• The loan will be debited from your account in monthly payments. You can determine and change the payment date (3, 7, 12, 17, 22 or 27).
• 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.
• The term for an Appliance Loan may be a minimum of six months and a maximum of five years.