You want to make expenses that exceed your current funds – Consumer loan from Versobank can be the solution of your choice. Consumer loan is meant, above all, to fund your consumption-related expenses. Consumer credit will help you to furnish your home, purchase home appliances or fund some other consumption costs.
Consumer loan is the best choice for funding your different requirements as the requirements to your income are lower; the money will be transferred to your bank account immediately after the loan and, if applicable, suretyship contracts have been concluded. The application process is fast and convenient.
You should first study the consumer loan terms and requirements, established by Versobank, and then you can complete your loan application here:
Loan application form for printing
Electronic loan application form
CONSUMER LOAN TERMS AND CONDITIONS
- You can apply for a loan amount of 320 – 3,200 EUR. You can apply for the balance, if you already have taken out a valid consumer loan, however, the loan balance with the additional amount applied for must not exceed the total of 3,200 EUR at the moment of disbursing the loan.
- Maximum loan repayment period is 2 years.
- Consumer loan interest rates start from 18% per annum.
- Contract charges total to 1% of the loan amount or 31 euros, as minimum.
- Loan will be repaid on monthly bases, under annual annuity repayment schedule, meaning that the repayment amounts, with interests accrued, will be equal every month.
- You can secure the loan with surety from a natural person or surety from a natural and legal person or a fixed term deposit, lodged with the bank.
- Loan repayments will be executed by the bank, debiting your bank account in Versobank AS by the amount specified in agreed dates.
- Consumer loan application may be submitted by spouses jointly. The net income will be then calculated as the total for both loan applicants.
As you calculate the maximum loan amount, please don't forget that depending on the total income you receive, the amount needed to service your loans (both principal amount and interests accrued) should not exceed 30-40% of your net income.
Requirements to Loan Applicants and Co-Applicants
- Loan application can be filed by citizens of the Republic of Estonia and citizens of a foreign country who hold a permanent or fixed term residence and work permit and have supplied the bank with evidence, regarding their income.
- Minimum monthly net income of the loan applicant (and co-applicant) must be at least 380 euros.
- Loan applicant must be an individual, considered reliable by the bank, and have a bank account in the bank, used to transfer the loan applicant’s income for the last three months, as minimum. If co-applicant is involved in the loan application process, at least one of the applicants must have an account in the bank.
Requirements established to natural persons-surety are the same as those applicable to loan applicants.
The annual percentage rate of a consumer loan is 21.960% per annum on the following sample terms: loan amount € 1 900, fixed interest rate 18% per annum and contract fee € 32.
The rate is calculated on the assumption that the loan amount is used in full immediately and that its principal and interest are repaid in monthly annuity payments over 2 years.
Assuming the above, the total amount paid by the consumer is € 2 315.04, with a monthly payment of € 95.12 and a total of 24 repayments.
Before concluding a contract, we recommend that you carefully review the terms and conditions of this financial service of the bank and, if needed, consult a specialist at our bank.