Consumer loan

If your dreams needs financing, TBB bank's consumer loan is a solution!

✓ Sign a loan agreement conveniently online
✓ Free of charge early repayment
✓ Quick loan decision and the money will be transferred within a working day.
Maximum term 6-60 months
Loan amount 400 - 5 000 ЕUR
Contract fee 1,5%, min. 35 EUR
Annual interest rate From 9%
Pledge A loan is issued without collaterals
Administration fee There is no monthly administration fee
Loan repayment Early loan repayment free of charge/td>

 

APLLY FOR A LOAN

month
maximum term 60 month
base interest rate 9%

Show payment schedule

* Please note, that calculations are informative

Payment Schedule

Nr Date Loan Amount Interest Principal Payment Total Payments Outstanding Balance

1. Application for a loan may be submitted by Estonian citizens or holders of a long-term residents’ residence permit or a permanent right of residence who are at least 18 years of age.

2. The following requirements shall be met by loan applicants:

2.1. Regular and controllable net income shall be at least 280 EUR per month.

2.2. Preferably, a regular flow of income shall have been arriving into a current account with TBB pank for the last three months.

3. When calculating interest, it is based on the year of 360 days.

For further information, please contact loan manager by sending an e-mail at laenuhaldur@tbb.ee.

Required documents

 Loan application for a private person

 Copy of the identity document

 Six-month account statement certified by the bank, if income is not received in TBB pank

 Documents confirming other possible sources of income

The Bank has the right to request additional documents needed in order to evaluate the client’s solvency. The Bank has also the right to request original documents of submitted copies. If the documents have not been prepared in accordance with the requirements of the Bank, they will be considered as not presented. The Bank is not obliged to justify a refusal to provide loan. 

GUARANTOR`S CHECKLIST

Surety is a promise to fulfil financial obligations of another person or company (the borrower) on their behalf.

Provide surety only to a person or a company you know and trust.

Before providing surety

✓ carefully consider if you are able to perform the obligations of the borrower

✓ carefully consider your ability to meet payments, and provide surety only for the amount that you can actually repay (the maximum amount of the guarantor’s liability)

✓ carefully familiarise yourself with the surety and the loan contracts prepared by the bank

✓ do not hesitate to contact the bank if you have any questions. Seek legal advice where necessary

When signing the surety contract

✓ carefully listen to the bank employee’s explanations with regard to both the loan and the surety contracts

✓ do not be afraid to ask if something is unclear

✓ check that there are your correct contact details (address, phone number, email address) in the surety contract

When the surety contract is signed

✓ be proactive and monitor how the loan contract is being carried out. If the borrower does not answer your questions, make sure you address these questions with the bank.

✓ always inform the bank of any changes to your contact details (address, phone number, email address). This is the only way you can be sure that important information reaches you in time

✓ carefully read the bank notifications and make sure you read all registered letters addressed to you

If the borrower fails to fulfil his/her obligations, the bank then gives you an opportunity to perform the obligation. Do not forget that you have committed yourself to the contract and may have to perform the borrower’s obligation. By performing the borrower’s obligations, you can avoid additional costs and litigation. You have the right to demand from the borrower compensation of any amounts paid by you on behalf of the borrower.

DO NOT FORGET – THE SURETY IS YOUR OBLIGATION TO PERFORM THE CONTRACT ON BEHALF OF THE BORROWER!

PLEDGER`S CHECKLIST

A mortgage means when the loan is not paid back, the bank has the right to claim the sale of your the apartment or house (with the land).

Before you give your consent to set up a mortgage

✓ carefully consider if you are ready to take the risk of abandoning your own apartment or house if problems arise with regard to loan repayment

✓ decide whose obligations and what obligations in particular you are prepared to ensure

✓ you have the right to request draft contracts from both the notary and the bank – carefully study their content

✓ do not hesitate to contact the bank and the notary if you have any questions. Seek legal advice where necessary

When signing the notarized contract

✓ carefully listen to the notary’s explanations

✓ do not be afraid to ask if something is unclear

✓ make sure that the precise contract expresses exactly what you have agreed with the borrower and the bank

When the contracts are signed

✓ be proactive and monitor how the loan contract is being carried out. If the borrower does not answer your questions, make sure you address these questions with the bank

✓ always inform the bank of any changes to your contact details (address, phone number, email address). This is the only way you can be sure that important information reaches you in time

✓ carefully read the bank notifications and make sure you read all registered letters addressed to you

Where the borrower fails to fulfil his/her obligations, the bank then gives you an opportunity to perform the obligation. By performing the borrower’s obligations, you can prevent the sale of the pledged apartment or house, as well as avoid additional costs and litigation. You have the right to demand from the borrower compensation of any amounts paid by you on behalf of the borrower.

The initial annual percentage rate of a small loan is 17,20% per year on the following (example) conditions:

 the amount of loan of €2 000 is paid out immediately and in full

✓ interest rate 15% per annum

contract fee of €35 is paid upon conclusion of the contract

 the loan will be repaid as monthly annuity payments over a period of 48 months