A refinancing loan helps transform existing loans to a new one on more favourable terms or merge multiple older loans into one.
It is easy to move loans and hire-purchase agreements over to us. We offer good interest rates, a clear overview of your liabilities, and the best customer service.
- Loan amount from 3,000 to 25,000 €
- Interest rate is not linked to Euribor
- No penalty for early repayment
- Loan insurance options
You do not need to have an account with LHV to apply for a refinancing loan.
Here are two examples of how an LHV refinancing loan
works in your favour
Calculate the monthly instalment
The results are estimated and may differ from the terms and conditions offered to you.
Fill in the application
Fill in the application. The application is easy to complete and there's no binding obligation to conclude an agreement.
Additional information and decision
You will be contacted by a loan specialist. The specialist will specify which documents and additional information are required to reach a decision.
Sign the agreement
You can sign the agreement conveniently via the self-service environment.
Refinancing
We'll pay off the loans you want to refinance.
| Loan sum | From 3,000 € to 25,000 € |
| Interest | Annual interest from 9.9% on loan balance. LHV calculates the interest on the outstanding loan balance, not the whole loan sum. This means that interest payments decrease each month, as your loan balance decreases. |
| Contract fee | 2% of loan sum, at least 29.90 € |
| Service fee | 2.99 € per month |
| Length of the agreement | Credit amount up to 7,500 € – 6 months to 6 years |
| Amendment of agreement | The fee for amending the agreement is 25 €. To amend the agreement, please write to finance@lhv.ee. |
| Early repayment | Early repayment of the entire credit sum is free of charge. |
| Repayment | Monthly payments are to be paid to the account EE707700771001062897; beneficiary: LHV Finance: reference number: your agreement number. |
The Refinancing Loan is provided by AS LHV Finance. Review the terms and conditions at lhv.ee/refinancing and consult our specialist. Annual rate of charge is 18.29% on the following sample terms and conditions: loan amount 13,600 €, annual interest rate of 15.9% on the on the outstanding balance (fixed), contract fee 272 €, monthly service fee 2.99 €, repayment period of 94 months, with monthly annuity payments, with the total sum of the monthly payments being 24,415.90 € and the total repaid sum of 24,143.90 €.
Loan insurance is offered by AS LHV Kindlustus. Review the terms and conditions of insurance, along with the limitations and exemptions, and ask for advice from our specialist. Annual percentage rate of charge of a refinancing loan with insurance is 21.25% on the following sample terms and conditions: loan amount 13,600 €, annual interest rate of 15.9% on the on the outstanding balance (fixed), contract fee 272 €, monthly service fee 2.99 €, repayment period of 94 months, with monthly annuity payments, with the total sum of the monthly payments being 26,319.15 € and the total repaid sum of 26,047.15 €.
Documents and additional information
- Precontractual information
- Refinancing loan price list
- General conditions of the refinancing loan
- Loan Insurance Terms and Conditions
- Loan Insurance Terms and Conditions (Effective until September 30, 2023)
- Loan Insurance Terms and Conditions (Effective until August 31, 2022)
- Application for the amendment of an agreement
- Application for the withdrawal from an agreement
Loan insurance
You can make your loan more secure by adding insurance to your contract. Loan insurance ensures that you will not find yourself in trouble with loan instalments in the event of unforeseen circumstances. Read the terms and conditions of loan insurance.
- becoming unemployed for reasons beyond the insured person’s control;
- temporary incapacity for work, i.e., a certificate of incapacity for work valid for over 30 days;
- absence of work capacity, i.e. the borrower has been issued a work capacity assessment decision;
- death, i.e., any loan liability does not have to be met by your successors.
In case of an insured event, notify client support at LHV Finance as soon as possible. Client support will notify the loss adjuster, who will contact you with further instructions.
In the case of a contract with insurance, an additional monthly fee will be added, which is 8% of your loan instalment (principal + interest). For example, if you take out a loan in the amount of EUR 500 for two years, only about EUR 2 will be added to your monthly instalment.
Loan specialists
Call 680 2700 or write finance@lhv.ee
